MP Materials MP Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (including related party) by Business | ||||||
| Magnetics Segment | $82.75M+23.8% | $66.86M+42.4% | $46.96M+87.5% | $25.05M+383% | $5.19M— | |
| Materials Segment | $176.93M+10.3% | $160.37M-13.7% | $185.78M-14.4% | $217.06M+3.0% | $210.79M+3.4% | |
| Selling, general and administrative (excluding stock-based compensation expense)(2) by Business | ||||||
| Magnetics Segment | $12.29M+10.7% | $11.11M+10.7% | $10.03M+5.1% | $9.54M+9.0% | $8.76M+3.7% | |
| Materials Segment | $36.17M+9.4% | $33.07M+11.5% | $29.65M-0.3% | $29.73M+6.5% | $27.91M+0.9% | |
| Cost of sales (excluding depreciation, depletion and amortization and stock-based compensation expense)(1) by Business | ||||||
| Magnetics Segment | $34.06M+17.8% | $28.9M+40.0% | $20.65M+82.8% | $11.29M+375% | $2.38M— | |
| Materials Segment | $181.77M+14.0% | $159.47M-10.9% | $179.06M-9.8% | $198.63M-0.3% | $199.21M+5.5% | |
| Other segment items(3) by Business | ||||||
| Magnetics Segment | $851K+111% | $403K-68.7% | $1.29M-44.6% | $2.33M-24.5% | $3.08M-18.5% | |
| Materials Segment | $2.49M+22.7% | $2.03M+11.1% | $1.83M+20.4% | $1.52M+8.3% | $1.4M-3.7% | |
| Segment Adjusted EBITDA by Business | ||||||
| Magnetics Segment | $35.55M+34.4% | $26.45M+76.3% | $15M+694% | $1.89M+121% | -$9.02M+26.2% | |
| Materials Segment | $49.79M+196% | $16.82M+168% | -$24.76M-93.4% | -$12.81M+27.8% | -$17.73M-25.3% | |
| Price protection agreement income by Business | ||||||
| Magnetics Segment | $0— | $0— | —— | —— | —— | |
| Materials Segment | $80.54M+57.9% | $51.02M— | —— | —— | —— | |
| Segment capital expenditures by Business | ||||||
| Magnetics Segment | $111.26M+39.5% | $79.77M+8.4% | $73.61M-8.7% | $80.67M+1.0% | $79.9M+0.2% | |
| Materials Segment | $107.45M+16.5% | $92.25M+18.6% | $77.77M+16.3% | $66.89M-21.4% | $85.15M-20.2% | |
| Revenue (including related party) by Product | ||||||
| Magnetic precursor products | $82.75M+23.8% | $66.86M+42.4% | $46.96M+87.5% | $25.05M+383% | $5.19M— | |
| NdPr Oxide And Metal | $71.65M+669% | $9.32M-43.4% | $16.46M-23.5% | $21.53M-5.2% | $22.71M+57.1% | |
| Other Revenue | $3.1M-4.4% | $3.25M+9.1% | $2.98M+1.2% | $2.94M+11.7% | $2.63M+52.1% | |
| Rare Earth Concentrate | $11.89M-71.7% | $41.99M-46.2% | $78.01M-35.6% | $121.06M-9.4% | $133.61M-6.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MP Materials break its business down?
- MP Materials (MP) reports revenue (including related party) by business across 2 parts — Magnetics Segment and Materials Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does MP Materials's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MP Materials's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
