MP Materials MP Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue (including related party) by Business | ||||||
| Magnetics Segment | $21.08M+306% | $19.9M— | $21.91M— | $19.86M— | $5.19M— | |
| Materials Segment | $72.18M+29.8% | $35.58M-41.7% | $31.64M-49.7% | $37.53M+20.1% | $55.62M+14.2% | |
| Selling, general and administrative (excluding stock-based compensation expense)(2) by Business | ||||||
| Magnetics Segment | $3.47M+52.0% | $3.19M+51.0% | $2.95M+19.7% | $2.69M+41.4% | $2.29M+16.0% | |
| Materials Segment | $10.1M+44.1% | $7.89M+76.5% | $8.63M-0.9% | $9.54M+23.5% | $7.01M+3.8% | |
| Cost of sales (excluding depreciation, depletion and amortization and stock-based compensation expense)(1) by Business | ||||||
| Magnetics Segment | $7.53M+217% | $8.26M— | $9.35M— | $8.92M— | $2.38M— | |
| Materials Segment | $66.78M+50.1% | $37.85M-34.1% | $36.88M-34.7% | $40.26M-1.4% | $44.48M+30.2% | |
| Other segment items(3) by Business | ||||||
| Magnetics Segment | $485K+1,211% | $66K-93.1% | $132K-88.7% | $168K-81.8% | $37K-95.0% | |
| Materials Segment | $836K+123% | $591K+51.9% | $658K+89.1% | $404K+40.3% | $375K-12.6% | |
| Segment Adjusted EBITDA by Business | ||||||
| Magnetics Segment | $9.59M+1,846% | $8.39M+374% | $9.48M+361% | $8.09M+386% | $493K+118% | |
| Materials Segment | $36.73M+877% | $40.26M+3,152% | -$14.52M-466% | -$12.68M+28.0% | $3.76M-48.8% | |
| Price protection agreement income by Business | ||||||
| Magnetics Segment | $0— | $0— | $0— | $0— | $0— | |
| Materials Segment | $42.27M+231% | $12.75M— | $12.75M— | $12.75M— | $12.75M— | |
| Segment capital expenditures by Business | ||||||
| Magnetics Segment | $46.61M+208% | $29.91M+26.0% | $18.33M-27.8% | $16.42M+4.9% | $15.12M+1.1% | |
| Materials Segment | $30.55M+99.1% | $32.39M+80.9% | $31.94M+51.7% | $12.58M-59.2% | $15.34M-58.4% | |
| Revenue (including related party) by Product | ||||||
| Magnetic precursor products | $21.08M+306% | $19.9M— | $21.91M— | $19.86M— | $5.19M— | |
| NdPr Oxide And Metal | $71.14M+708% | $0-100% | $0-100% | $518K-69.5% | $8.8M+1,512% | |
| Other Revenue | $1.04M-12.0% | $723K+59.6% | $730K+5.0% | $610K+103% | $1.18M+321% | |
| Rare Earth Concentrate | $0-100% | $15K-100.0% | $0-100% | $11.88M-51.4% | $30.1M-24.9% |
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.
