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MP Materials MP Start-up costs

Start-up costs at other companies

First Solar logo
First SolarFSLR
$8.55M-51.4%
FormFactor logo
FormFactorFORM
$7.07M
MGM Resorts International logo
MGM Resorts InternationalMGM
-$977K-1,049%
Zoetis logo
ZoetisZTS
$750K-85.0%
Qorvo logo
QorvoQRVO
$5.1M+50.1%
Core Scientific, Inc. logo
Core Scientific, Inc.CORZ
$8.67M-25.7%

Other financials

Income statement

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Revenue$90.6M+49.1%
Gross profit$16.4M+36.9%
Operating income-$24.1M+30.6%
Net income-$8.0M+64.8%
EPS (diluted)-$0.04+71.4%

Balance sheet

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Cash & equivalents$887.1M+344%
Total debt$1.0B+10.8%
Total equity$2.0B+89.9%
Total assets$3.8B+62.2%

Cash flow

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Operating cash flow-$1.9M+97.0%
CapEx$77.4M+154%
Free cash flow-$79.3M+15.4%

Valuation

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Market cap$10.84B+115%
Enterprise value$10.97B+84.9%
P/S42.6×+19.3×

Profitability

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Gross margin14.2%+9.5pp
Operating margin-54.6%-13.0pp
Net margin-50.5%
FCF margin-123.4%+141pp

Returns & leverage

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Return on equity-7.8%
Debt / equity0.5×-0.4×
Current ratio7.2×+3.1×

Where this comes from

Reported directly by MP Materials in its filing.

Tagged under the XBRL concept mp:StartUpCosts.

The official record: MP Materials’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MP Materials's start-up costs?
MP Materials (MP) reported start-up costs of $5.89M in Q1 2026.
How has MP Materials's start-up costs changed year-over-year?
MP Materials's start-up costs increased by 503.4% year-over-year, from $976K to $5.89M.
What is the long-term trend for MP Materials's start-up costs?
Over 4 years (2021 to 2025), MP Materials's start-up costs has grown at a 83.5% compound annual growth rate (CAGR), from $378K to $4.29M.
What does start-up costs mean?
One-time expenses related to launching a new facility or project.
How do you interpret start-up costs?
High levels are expected during growth phases but should decline as operations stabilize and reach full capacity.
How does start-up costs compare across companies?
Common in mining and industrial sectors during expansion phases.