USA Rare Earth, Inc.

NasdaqGM:USAR Stock Report

Market Cap: US$4.7b

USA Rare Earth Past Earnings Performance

Past criteria checks 0/6

USA Rare Earth's earnings have been declining at an average annual rate of -104.5%, while the Metals and Mining industry saw earnings declining at 9.4% annually.

Key information

-104.46%

Earnings growth rate

-77.49%

EPS growth rate

Metals and Mining Industry Growth26.40%
Revenue growth raten/a
Return on equity-22.15%
Net Margin-6,000.29%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha Jun 23

USA Rare Earth: Funding Now Secured, Scaling Comes Next

Summary USA Rare Earth remains a Strong Buy, driven by rapid midstream buildout and significant government funding de-risking execution. USAR secured $1.6 billion in low-cost government funding, and with $1.7 billion in cash, USAR is now very well-capitalized. Serra Verde is expected to deliver $550–$650 million annualized EBITDA by 2027, with USAR trading at a 24% EV/EBITDA discount to sector averages. USAR targets 600 tpa magnet capacity by year-end, scaling to 10,000 tpa post-2030, underpinned by robust inventory build and customer pipeline. Read the full article on Seeking Alpha
Analysis Article Jun 19

USA Rare Earth (USAR) Stock Price Jumps on DOE Funding but Is Valuation Still Hard to Justify?

USA Rare Earth (USAR) has drawn fresh attention after recent trading showed sharp short term gains, with the stock up 8.3% in a day and 15.8% over the past week. See our latest analysis for USA Rare Earth. The latest moves come on top of a strong run for USA Rare Earth, with a 30 day share price return of 10.69%, a 90 day share price return of 32.23%, and a year to date share price return of 66.43%. The 1 year total shareholder return of 85.87% suggests momentum has been building rather than...
New Narrative May 21

USAR Secures $19.3M Boost to Develop an Independent Rare Earth Supply Chain

USA Rare Earth (USAR) is trading higher in early Thursday action, up $1.13 per share , after announcing it has been selected by the U.S. Department of Energy to receive up to $19.3M in federal funding , pending final negotiations. The award comes through the DOE’s Critical Materials Innovation, Efficiency and Alternatives program and is aimed at advancing a pilot‑scale rare earth element (REE) separations project within the United States.
New Narrative Apr 03

Magnet Capacity Expansion And Heavy Rare Earth Supply Will Reshape Long Term Ex China Chain

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth mining, processing, metals and magnet manufacturing platform focused on ex China supply for the U.S. and allies. What are the underlying business or industry changes driving this perspective?
New Narrative Mar 20

Heavy Rare Earth Supply Risks Will Test Magnet Ramp Before Long Term Potential Emerges

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth mining, processing, metals, and magnet manufacturing platform focused on ex China supply for U.S. and allied customers. What are the underlying business or industry changes driving this perspective?
New Narrative Mar 05

Magnet Capacity Ramp And Vertical Integration Will Reshape Long Term Rare Earth Supply Chains

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth supply chain, from mining and processing to metal, alloy and magnet manufacturing, focused on ex China customers. What are the underlying business or industry changes driving this perspective?

Revenue & Expenses Breakdown

How USA Rare Earth makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGM:USAR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 267-4404528
31 Dec 252-3253116
30 Sep 250-2892910
30 Jun 250-123197
31 Mar 25029146
31 Dec 240-2496
30 Sep 240-17106
30 Jun 240-4135
31 Mar 240-9193
31 Dec 230-13232

Quality Earnings: USAR is currently unprofitable.

Growing Profit Margin: USAR is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: USAR is unprofitable, and losses have increased over the past 5 years at a rate of 104.5% per year.

Accelerating Growth: Unable to compare USAR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: USAR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.4%).


Return on Equity

High ROE: USAR has a negative Return on Equity (-22.15%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/26 03:31
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

USA Rare Earth, Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Subhasish ChandraBenchmark Company
George GianarikasCanaccord Genuity
Derek SoderbergCantor Fitzgerald & Co.