MP Materials revenue jumps 89% to $108.5M on NdPr ramp and DoW price protection income

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Revenue rose 89% to $108.5M, driven by NdPr oxide/metal sales more than tripling and $17.6M in new price protection agreement income from the Department of War.

  MD&A: Revenue verify on EDGAR →
• high

  Net loss narrowed 34.3% to $20.3M, or $0.11 per share, as higher sales and PPA income offset surging start-up costs and DD&A.

  MD&A: Results verify on EDGAR →
• high

  Free cash flow swung to negative $302.8M from negative $114.1M.

  MD&A: Cash Flow verify on EDGAR →