USA Rare Earth (USAR)
Builds a rare-earth chain from mined feedstock to metals, alloys, and permanent magnets.
$16.07
vs last close−0.93 (−5.44%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 6 | 6 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 8 | 10 |
| Gross profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | −2 | −4 |
| 0 | 0 | 5 | 3 | 2 | 6 | 9 | 9 | 16 | 25 | 35 | 42 | |
| Research & development | 0 | 0 | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 7 | 14 | 11 |
| Selling, general & administrative | 0 | 0 | 2 | 1 | 1 | 4 | 7 | 6 | 11 | 18 | 20 | 31 |
| Operating income | 0 | 0 | −5 | −3 | −2 | −6 | −9 | −9 | −16 | −26 | −37 | −46 |
| 3 | 3 | 0 | 0 | 0 | −1 | 60 | −134 | −141 | −25 | −32 | 34 | |
| Interest income | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 12 | 0 |
| Income before tax | 3 | 3 | −5 | −3 | −2 | −7 | 52 | −143 | −157 | −51 | −69 | −12 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 | −1 |
| Net income from continuing operations | 3 | 3 | −5 | −3 | −2 | −7 | 52 | −143 | −157 | −50 | −68 | −12 |
| Net income | 3 | 3 | −4 | −3 | −2 | −7 | 52 | −143 | −157 | −50 | −67 | −10 |
| EPS, basic | $0.11 | $0.10 | $0.09 | $0.11 | $0.06 | −$0.66 | $0.80 | −$1.54 | −$1.64 | −$0.37 | −$0.34 | −$0.05 |
| EPS, diluted | $0.09 | $0.10 | $0.09 | $0.10 | $0.05 | −$0.64 | $0.62 | −$1.54 | −$1.64 | −$0.37 | −$0.34 | −$0.05 |
| Weighted average shares, basic | 26 | 31 | 31 | 28 | 25 | 22 | 64 | 93 | 103 | 148 | 196 | 196 |
| Weighted average shares, diluted | 31 | 31 | 31 | 31 | 31 | 22 | 83 | 93 | 103 | 148 | 196 | 196 |
| EBITDA | 0 | 0 | −5 | −3 | −2 | −6 | −9 | −9 | −16 | −25 | −35 | −44 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| EBIT | 0 | 0 | −5 | −3 | −2 | −6 | −9 | −9 | −16 | −26 | −37 | −46 |
