MP

Updated: Mar 25, 2026 01:26 AM

MP Materials Corp

Market Cap: $9.47B P/S: 91x Ownership — Insider: 19.8% | Institutional: 64.8% | Retail: 15.5% BASIC MATERIALS OTHER INDUSTRIAL METALS & MINING

MP Materials Corp. The company is headquartered in Las Vegas, Nevada.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        8/8 dates (100%)
  ✅ grossProfit                         8/8 dates (100%)
  ✅ netIncome                           8/8 dates (100%)

Plot for MP (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -527.51M                   -263.75M                     0.00M                     263.75M                    527.51M
               |                          |                          |                          |                          |

  2018-12-31 |                                                      |  67.42M
  2019-12-31 |                                                      |  73.41M
  2020-12-31 |                                                     |  134.31M
  2021-12-31 |                                                       |  331.95M
  2022-12-31 |                                                       | 527.51M
  2023-12-31 |                                                       |  253.44M
  2024-12-31 |                                                |  203.85M
  2025-12-31 |                                              |  275.46M

               |                          |                          |                          |                          |
               -527.51M                   -263.75M                     0.00M                     263.75M                    527.51M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              7/8 dates (88%)
  ✅ sellingGeneralAndAdministrative     8/8 dates (100%)
  ✅ costofGoodsAndServicesSold          8/8 dates (100%)

Plot for MP (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                     70.51M                     141.03M                    211.54M                    282.06M
               |                          |                          |                          |                          |

  2018-12-31 |  57.28M ⊗
  2019-12-31 |  67.83M
  2020-12-31 |  70.73M
  2021-12-31 |  100.64M
  2022-12-31 |  110.57M
  2023-12-31 |  148.42M
  2024-12-31 |  270.64M
  2025-12-31 |  282.06M

               |                          |                          |                          |                          |
               0.00M                     70.51M                     141.03M                    211.54M                    282.06M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         8/8 dates (100%)
  ✅ shortLongTermDebtTotal              8/8 dates (100%)
  ✅ operatingCashflow                   8/8 dates (100%)

Plot for MP (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -1.18B                     -0.59B                      0.00B                      0.59B                      1.18B
               |                          |                          |                          |                          |

  2018-12-31 |                                                       |  0.02B
  2019-12-31 |                                                      |  0.02B
  2020-12-31 |                                                       |  0.52B
  2021-12-31 |                                                       | 1.18B
  2022-12-31 |                                                       |  0.68B
  2023-12-31 |                                                       |  0.69B
  2024-12-31 |                                                       |  0.91B
  2025-12-31 |                                                |  1.17B

               |                          |                          |                          |                          |
               -1.18B                     -0.59B                      0.00B                      0.59B                      1.18B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   8/8 dates (100%)
  ✅ capitalExpenditures                 8/8 dates (100%)

Plot for MP (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -343.51M                   -171.76M                     0.00M                     171.76M                    343.51M
               |                          |                          |                          |                          |

  2018-12-31 |                                                       |  20.20M
  2019-12-31 |                                                      |  2.27M
  2020-12-31 |                                                       |  22.37M
  2021-12-31 |                                                       |  123.87M
  2022-12-31 |                                                       | 343.51M
  2023-12-31 |                                                       |  261.90M
  2024-12-31 |                                                       |  186.42M
  2025-12-31 |                               |  172.38M

               |                          |                          |                          |                          |
               -343.51M                   -171.76M                     0.00M                     171.76M                    343.51M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         8/8 dates (100%)
  ✅ totalLiabilities                    8/8 dates (100%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for MP (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -4.01B                     -2.00B                      0.00B                      2.00B                      4.01B
               |                          |                          |                          |                          |

  2018-12-31 |                                                      |  0.11B
  2019-12-31 |                                                      |  0.12B
  2020-12-31 |                                                       |  1.07B
  2021-12-31 |                                                       |  1.89B
  2022-12-31 |                                                       |  2.24B
  2023-12-31 |                                                       |  2.34B
  2024-12-31 |                                                       |  2.33B
  2025-12-31 |                                                       | 4.01B

               |                          |                          |                          |                          |
               -4.01B                     -2.00B                      0.00B                      2.00B                      4.01B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           8/8 dates (100%)
  ✅ shortLongTermDebtTotal              8/8 dates (100%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for MP (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.39B                     -1.20B                      0.00B                      1.20B                      2.39B
               |                          |                          |                          |                          |

  2018-12-31 |                                                      |  0.02B
  2019-12-31 |                                                      |  0.02B
  2020-12-31 |                                                      |  0.85B
  2021-12-31 |                                                       |  1.01B
  2022-12-31 |                                                       |  1.31B
  2023-12-31 |                                                       |  1.37B
  2024-12-31 |                                                      |  1.05B
  2025-12-31 |                                                     | 2.39B

               |                          |                          |                          |                          |
               -2.39B                     -1.20B                      0.00B                      1.20B                      2.39B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for MP (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -166.26M                    -83.13M                     0.00M                     83.13M                     166.26M
               |                          |                          |                          |                          |

  2019-12-31 |                                                       |  21.05M
  2020-03-31 |                                                       |  20.72M
  2020-06-30 |                                   |  -62.49M
  2020-09-30 |                                                       |  41.02M
  2020-12-31 |                                                       |  42.18M
  2021-03-31 |                                                       |  59.97M
  2021-06-30 |                                                       |  73.12M
  2021-09-30 |                                                       |  99.75M
  2021-12-31 |                                                       |  99.11M
  2022-03-31 |                                                       | 166.26M
  2022-06-30 |                                                       |  143.56M
  2022-09-30 |                                                       |  124.44M
  2022-12-31 |                                                       |  93.25M
  2023-03-31 |                                                       |  95.70M
  2023-06-30 |                                                       |  64.02M
  2023-09-30 |                                                      |  52.52M
  2023-12-31 |                                                  |  41.20M
  2024-03-31 |                                                     |  48.68M
  2024-06-30 |                                            |  -34.05M
  2024-09-30 |                                               |  62.93M
  2024-12-31 |                                                |  60.99M
  2025-03-31 |                                                |  60.81M
  2025-06-30 |                                             |  57.39M
  2025-09-30 |                                         |  53.55M
  2025-12-31 |                                                       |  103.70M

               |                          |                          |                          |                          |
               -166.26M                    -83.13M                     0.00M                     83.13M                     166.26M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              22/25 dates (88%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for MP (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                     20.10M                     40.19M                     60.29M                     80.38M
               |                          |                          |                          |                          |

  2019-12-31 |  17.03M ⊗
  2020-03-31 |  14.43M ⊗
  2020-06-30 |  18.61M ⊗
  2020-09-30 |  18.66M
  2020-12-31 |  21.44M
  2021-03-31 |  24.09M
  2021-06-30 |  24.62M
  2021-09-30 |  28.86M
  2021-12-31 |  23.07M
  2022-03-31 |  28.43M
  2022-06-30 |  27.50M
  2022-09-30 |  24.51M
  2022-12-31 |  30.13M
  2023-03-31 |  32.34M
  2023-06-30 |  34.91M
  2023-09-30 |  38.97M
  2023-12-31 |  42.21M
  2024-03-31 |  53.98M
  2024-06-30 |  59.67M
  2024-09-30 |  76.61M
  2024-12-31 |  80.38M
  2025-03-31 |  70.22M
  2025-06-30 |  71.21M
  2025-09-30 |  48.48M
  2025-12-31 |  69.66M

               |                          |                          |                          |                          |
               0.00M                     20.10M                     40.19M                     60.29M                     80.38M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for MP (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -1.23B                     -0.62B                      0.00B                      0.62B                      1.23B
               |                          |                          |                          |                          |

  2019-12-31 |                                                       |  0.02B
  2020-03-31 |                                                      |  0.00B ⊗
  2020-06-30 |                                                      |  0.11B
  2020-09-30 |                                                      |  0.10B
  2020-12-31 |                                                       |  0.52B
  2021-03-31 |                                                       |  1.18B
  2021-06-30 |                                                       |  1.20B
  2021-09-30 |                                                       |  1.18B
  2021-12-31 |                                                       |  1.18B
  2022-03-31 |                                                       | 1.23B
  2022-06-30 |                                                       |  0.68B
  2022-09-30 |                                                       |  0.68B
  2022-12-31 |                                                       |  0.68B
  2023-03-31 |                                                       |  0.68B
  2023-06-30 |                                                       |  0.93B
  2023-09-30 |                                                       |  0.69B
  2023-12-31 |                                                      |  0.69B
  2024-03-31 |                                                     |  0.94B
  2024-06-30 |                                                       |  0.94B
  2024-09-30 |                                                      |  0.94B
  2024-12-31 |                                                       |  0.91B
  2025-03-31 |                                                    |  0.92B
  2025-06-30 |                                                      |  0.92B
  2025-09-30 |                                                     |  1.15B
  2025-12-31 |                                                     |  1.17B

               |                          |                          |                          |                          |
               -1.23B                     -0.62B                      0.00B                      0.62B                      1.23B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for MP (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -120.97M                    -60.49M                     0.00M                     60.49M                     120.97M
               |                          |                          |                          |                          |

  2019-12-31 |                                                       |  2.06M
  2020-03-31 |                                                       |  3.73M
  2020-06-30 |                                                      |  4.21M
  2020-09-30 |                                                      |  4.87M
  2020-12-31 |                                                       |  12.68M
  2021-03-31 |                                                       |  19.30M
  2021-06-30 |                                                       |  38.63M
  2021-09-30 |                                                       |  41.73M
  2021-12-31 |                                                       |  37.45M
  2022-03-31 |                                                       | 120.97M
  2022-06-30 |                                                       |  98.89M
  2022-09-30 |                                                       |  94.56M
  2022-12-31 |                                                       |  112.26M
  2023-03-31 |                                                       |  74.46M
  2023-06-30 |                                                       |  55.77M
  2023-09-30 |                                                       |  58.69M
  2023-12-31 |                                                 |  72.97M
  2024-03-31 |                                     |  51.84M
  2024-06-30 |                                                       |  46.49M
  2024-09-30 |                                                    |  46.44M
  2024-12-31 |                                                       |  41.65M
  2025-03-31 |                           |  -63.20M
  2025-06-30 |                                                     |  29.01M
  2025-09-30 |                                    |  50.50M
  2025-12-31 |                                  |  62.41M

               |                          |                          |                          |                          |
               -120.97M                    -60.49M                     0.00M                     60.49M                     120.97M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         24/25 dates (96%)
  ⚠️  totalLiabilities                    24/25 dates (96%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for MP (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -4.01B                     -2.00B                      0.00B                      2.00B                      4.01B
               |                          |                          |                          |                          |

  2019-12-31 |                                                      |  0.12B
  2020-03-31 |                                                      | -0.02B ⊗⊗
  2020-06-30 |                                                      |  0.17B
  2020-09-30 |                                                      |  0.17B
  2020-12-31 |                                                       |  1.07B
  2021-03-31 |                                                       |  1.78B
  2021-06-30 |                                                       |  1.82B
  2021-09-30 |                                                       |  1.85B
  2021-12-31 |                                                       |  1.89B
  2022-03-31 |                                                       |  1.99B
  2022-06-30 |                                                       |  2.10B
  2022-09-30 |                                                       |  2.19B
  2022-12-31 |                                                       |  2.24B
  2023-03-31 |                                                       |  2.28B
  2023-06-30 |                                                       |  2.29B
  2023-09-30 |                                                       |  2.32B
  2023-12-31 |                                                       |  2.39B
  2024-03-31 |                                                       |  2.35B
  2024-06-30 |                                                       |  2.36B
  2024-09-30 |                                                       |  2.30B
  2024-12-31 |                                                       |  2.33B
  2025-03-31 |                                                       |  2.37B
  2025-06-30 |                                                       |  2.34B
  2025-09-30 |                                                       |  3.80B
  2025-12-31 |                                                       | 4.01B

               |                          |                          |                          |                          |
               -4.01B                     -2.00B                      0.00B                      2.00B                      4.01B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for MP (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.39B                     -1.20B                      0.00B                      1.20B                      2.39B
               |                          |                          |                          |                          |

  2019-12-31 |                                                      |  0.02B
  2020-03-31 |                                                      |  -0.02B ⊗
  2020-06-30 |                                                      |  0.11B
  2020-09-30 |                                                      |  0.10B
  2020-12-31 |                                                       |  0.85B
  2021-03-31 |                                                       |  0.88B
  2021-06-30 |                                                       |  0.91B
  2021-09-30 |                                                       |  0.95B
  2021-12-31 |                                                       |  1.01B
  2022-03-31 |                                                       |  1.09B
  2022-06-30 |                                                       |  1.17B
  2022-09-30 |                                                       |  1.24B
  2022-12-31 |                                                       |  1.31B
  2023-03-31 |                                                       |  1.35B
  2023-06-30 |                                                       |  1.36B
  2023-09-30 |                                                      |  1.38B
  2023-12-31 |                                                      |  1.37B
  2024-03-31 |                                                       |  1.14B
  2024-06-30 |                                                      |  1.11B
  2024-09-30 |                                                      |  1.06B
  2024-12-31 |                                                      |  1.05B
  2025-03-31 |                                                      |  1.04B
  2025-06-30 |                                                      |  1.01B
  2025-09-30 |                                                      | 2.38B
  2025-12-31 |                                                       | 2.39B

               |                          |                          |                          |                          |
               -2.39B                     -1.20B                      0.00B                      1.20B                      2.39B

Price History

Volume

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