MP Materials (MP) financials
MP Materials revenue and earnings by year
MP Materials's revenue was $275 million in the fiscal year to December 31, 2025, up 35.1% from the year before. Net income was -$85.9 million, -31.2% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 24.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 275 | 204 | 253 | 528 | 332 | 134 | 73 |
| Revenue growth | 35.1% | -19.6% | -52.0% | 58.9% | 147.2% | 83.0% | — |
| Gross profit | 83 | 11 | 161 | 435 | 256 | 71 | 12 |
| Gross margin | 30.0% | 5.5% | 63.4% | 82.5% | 77.0% | 52.5% | 16.6% |
| Operating income | -149 | -169 | -18 | 327 | 165 | -35 | -8 |
| Operating margin | -54.2% | -83.1% | -7.0% | 62.1% | 49.8% | -25.8% | -10.4% |
| Net income | -86 | -65 | 24 | 289 | 135 | -22 | -7 |
| Net margin | -31.2% | -32.1% | 9.6% | 54.8% | 40.7% | -16.2% | -9.2% |
| Diluted EPS | -$0.50 | — | $0.14 | $1.52 | $0.73 | -$0.27 | — |
| Free cash flow | -300 | -173 | -196 | 22 | -17 | -19 | -6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MP in Markets.
See also: MP valuation and P/E history · MP returns
No forecast, no recommendation. This page describes MP Materials from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.