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MP Materials MP Operating Lease Liabilities

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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$8.45B-29.3%
Enterprise value$8.96B-28.9%
P/S27.7×-21.7×

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 us-gaap:OperatingLeaseLiabilityNoncurrent.

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
Line itemLocation on Unaudited Condensed Consolidated Balance SheetsMarch 31, 2026December 31, 2025
(in thousands)
Operating leases:
Right-of-use assetsOther non-current assets$18,552$13,214
Operating lease liability, currentOther current liabilities$3,668$3,216
Operating lease liability, non-currentOther non-current liabilities13,5168,429
Total operating lease liabilities$17,184$11,645

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is MP Materials's operating lease liabilities?
MP Materials (MP) reported operating lease liabilities of $13.52M in Q1 2026.
How has MP Materials's operating lease liabilities changed year-over-year?
MP Materials's operating lease liabilities increased by 111.5% year-over-year, from $6.39M to $13.52M.
What is the long-term trend for MP Materials's operating lease liabilities?
Over 4 years (2020 to 2025), MP Materials's operating lease liabilities has grown at a 120.4% compound annual growth rate (CAGR), from $357K to $8.43M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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