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MP Materials MP Business Segments

FY'25FY'24FY'23FY'22
Revenue (including related party) by Business
Magnetics Segment$66.86M$0$0$0
Materials Segment$160.37M-21.3%$203.86M-19.6%$253.45M-52.0%$527.51M
Revenue (including related party) by Product
Magnetic precursor products$66.86M$0$0
NdPr Oxide And Metal$9.32M-35.5%$14.45M$0$0
Other Revenue$3.25M+87.6%$1.73M$9.74M
Rare Earth Concentrate$41.99M-70.8%$143.59M-40.8%$242.52M

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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.