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MP Materials MP Magnetics Segment — Price protection agreement income

Other segment segments

Materials Segment
$42.27M+231%

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Other financials

Income statement

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Revenue$108.5M+89.0%
Gross profit$36.2M+420%
Operating income-$32.0M+27.0%
Net income-$20.3M+34.3%
EPS (diluted)-$0.11+42.1%

Balance sheet

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Cash & equivalents$429.1M+63.2%
Total debt$934.6M+1.7%
Total equity$2.0B+93.7%
Total assets$3.7B+59.5%

Cash flow

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Operating cash flow-$6.8M-87.4%
CapEx$230.3M+694%
Free cash flow-$237.2M-626%

Valuation

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Market cap$8.53B-28.7%
Enterprise value$9.03B-28.4%
P/S27.9×-21.4×

Profitability

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Gross margin21.4%+10.1pp
Operating margin-41.5%-11.4pp
Net margin-50.5%
FCF margin-169.7%-1,273pp

Returns & leverage

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Return on equity-7.8%
Debt / equity0.5×-0.4×
Current ratio9.5×+5.9×

Where this comes from

Reported directly by MP Materials in its filing.

Tagged under the XBRL concept mp:PriceProtectionAgreementIncomeOrExpense.

The source filing: MP Materials’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001801368-26-000029
(U.S. dollars in thousands, except share and per share data)For the three months ended March 31, 2026For the three months ended March 31, 2025
Revenue (including related party)$90,649$60,810
Price protection agreement income42,273
Operating costs and expenses:
Cost of sales (excluding depreciation, depletion and amortization) (including related party)74,24548,831
Selling, general and administrative33,64024,166
Depreciation, depletion and amortization32,13721,384
Start-up costs5,889976
Advanced projects and development1,905474

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MP Materials's magnetics segment — price protection agreement income?
MP Materials (MP) reported magnetics segment — price protection agreement income of $0 in Q1 2026.
What does magnetics segment — price protection agreement income mean?
Income derived from contractual arrangements designed to hedge against volatility in the market prices of magnetic materials. These agreements provide financial stability by mitigating the impact of adverse price fluctuations on the segment's profitability.

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