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MP Materials MP Materials Segment — Price protection agreement income

Other segment segments

Magnetics Segment
$0

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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
(in thousands)MaterialsMagneticsTotal
72,17721,07893,255
Elimination of intersegment revenues(1)(2,606)
Total consolidated revenues$90,649
Price protection agreement income42,273
Significant segment expenses:
Cost of sales (excluding depreciation, depletion and amortization and stock-based compensation expense)(2)66,7807,528
Selling, general and administrative (excluding stock-based compensation expense)(3)10,1023,473
Other segment items(4)836485

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MP Materials's materials segment — price protection agreement income?
MP Materials (MP) reported materials segment — price protection agreement income of $42.27M in Q1 2026.
How has MP Materials's materials segment — price protection agreement income changed year-over-year?
MP Materials's materials segment — price protection agreement income increased by 231.4% year-over-year, from $12.75M to $42.27M.
What does materials segment — price protection agreement income mean?
Income derived from contractual arrangements designed to hedge against volatility in the market prices of rare earth materials. This represents non-operating or supplemental revenue streams that stabilize cash flows during periods of commodity price downturns.

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