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+1,494% | $66.86M— | $46.96M— | $25.05M— | $5.19M— | |
| Materials Segment | $176.93M-16.1% | $160.37M-21.3% | $185.78M-9.9% | $217.06M+5.0% | $210.79M-11.7% | |
| Selling, general and administrative (excluding stock-based compensation expense)(2) by Business | ||||||
| Magnetics Segment | $12.29M+40.4% | $11.11M+31.6% | $10.03M+37.1% | $9.54M+63.6% | $8.76M+78.3% | |
| Materials Segment | $36.17M+29.6% | $33.07M+19.6% | $29.65M-5.0% | $29.73M-2.7% | $27.91M-9.6% | |
| Cost of sales (excluding depreciation, depletion and amortization and stock-based compensation expense)(1) by Business | ||||||
| Magnetics Segment | $34.06M+1,333% | $28.9M— | $20.65M— | $11.29M— | $2.38M— | |
| Materials Segment | $181.77M-8.8% | $159.47M-15.6% | $179.06M+16.6% | $198.63M+66.4% | $199.21M+97.9% | |
| Other segment items(3) by Business | ||||||
| Magnetics Segment | $851K-72.4% | $403K-89.3% | $1.29M-63.0% | $2.33M-21.4% | $3.08M+14.8% | |
| Materials Segment | $2.49M+77.8% | $2.03M+39.5% | $1.83M+12.5% | $1.52M-17.3% | $1.4M-33.5% | |
| Segment Adjusted EBITDA by Business | ||||||
| Magnetics Segment | $35.55M+494% | $26.45M+316% | $15M+239% | $1.89M+121% | -$9.02M-18.8% | |
| Materials Segment | $49.79M+381% | $16.82M+219% | -$24.76M-225% | -$12.81M-123% | -$17.73M-117% | |
| Price protection agreement income by Business | ||||||
| Magnetics Segment | $0— | $0— | —— | —— | —— | |
| Materials Segment | $80.54M— | $51.02M— | —— | —— | —— | |
| Segment capital expenditures by Business | ||||||
| Magnetics Segment | $111.26M+39.2% | $79.77M0.0% | $73.61M-7.8% | $80.67M+3.0% | $79.9M-7.7% | |
| Materials Segment | $107.45M+26.2% | $92.25M-13.5% | $77.77M-40.1% | $66.89M-55.4% | $85.15M-46.8% | |
| Revenue (including related party) by Product | ||||||
| Magnetic precursor products | $82.75M+1,494% | $66.86M— | $46.96M— | $25.05M— | $5.19M— | |
| NdPr Oxide And Metal | $71.65M+216% | $9.32M-35.5% | $16.46M+125% | $21.53M+859% | $22.71M+4,059% | |
| Other Revenue | $3.1M+17.9% | $3.25M+87.6% | $2.98M+104% | $2.94M+264% | $2.63M— | |
| Rare Earth Concentrate | $11.89M-91.1% | $41.99M-70.8% | $78.01M-43.4% | $121.06M-17.8% | $133.61M-28.5% |
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.
