MP Materials Corp. / DE (MP)
MP Materials Corp. / DE brought in $305.4M of revenue over the twelve months to June 30, 2026, up 26.1% from a year earlier. It posted a net loss of $60.6M. In fiscal 2025 capital spending exceeded operating cash flow by $328.1M. At June 30, 2026 it held $429.1M in cash against $934.6M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.
Key facts about MP Materials Corp. / DE
- Net worth
- MP Materials Corp. / DE has a market value (market cap) of $8.2B at the latest share price, and shareholders' equity of $2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $224.4M (+10.1% year on year), with a net loss of $85.9M. Over the 12 months to June 30, 2026: revenue $305.4M, net loss $60.6M.
- Cash flow
- In fiscal 2025 operations used $155.8M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 7, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- MP Materials Corp. / DE's next report is expected around November 5, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What MP Materials Corp. / DE does
MP Materials mines and processes rare earth elements, primarily through its Mountain Pass facility in California. It produces rare earth concentrates, neodymium-praseodymium, and magnetic materials purchased by manufacturers of electric vehicles, wind turbines, consumer electronics, and defense equipment. Its shares trade on NYSE under the ticker MP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $224.4M | -$85.9M | -$0.50 | -$328.1M |
| 2024 | $203.9M | -$65.4M | -$0.57 | -$173.1M |
| 2023 | $253.4M | $24.3M | $0.14 | -$199.2M |
| 2022 | $527.5M | $289M | $1.52 | $16.9M |
| 2021 | $332M | $135M | $0.73 | -$21.9M |
| 2020 | $134.3M | -$21.8M | -$0.27 | -$19.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MP ranks in Basic materials
Latest SEC filings
What MP Materials Corp. / DE has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 89% to $108.5M versus the same quarter last year; diluted EPS -$0.11 versus -$0.19.
- August 6, 2026
- June 10, 2026
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 49% to $90.6M versus the same quarter last year; diluted EPS -$0.04 versus -$0.14.
- May 7, 2026
- April 24, 2026
- April 24, 2026Additional proxy material DEFA14A
- April 24, 2026Proxy statement DEF 14A
- March 27, 2026Passive stake changed SCHEDULE 13G/A
- February 26, 2026
Insider trades
What the people running MP Materials Corp. / DE did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 30, 2026 | Duckworth Connie KDirector | Received as pay | 740 | - |
| June 30, 2026 | Duckworth Connie KDirector | Received as pay | 624 | - |
| June 15, 2026 | Weisenburger Randall JDirector | Exercised options | 3,998 | - |
| June 15, 2026 | Myers Richard BDirector | Exercised options | 3,998 | - |
| June 15, 2026 | Lavan MaryanneDirector | Exercised options | 3,998 | - |
| June 15, 2026 | Duckworth Connie KDirector | Exercised options | 3,998 | - |
| June 9, 2026 | Rosenthal Michael StuartChief Operating Officer | Boughtindirect | 10,000 | $543K |
| June 3, 2026 | Litinsky James H.Chairman and CEO, Director | Soldindirect | 11,740 | $837.2K |
Who owns MP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Hancock Prospecting Pty Limited13G, passive with 1 related filers | 8.5% | November 13, 2024 |
| James H. Litinsky13D, may seek influence | 7.3% | January 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 756 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Hancock Prospecting Pty Ltd | 14,861,212 | 0 |
| BlackRock, Inc. | 14,737,381 | -9,544 |
| State Street Corp | 7,773,746 | +376,519 |
| Vanguard Capital Management LLC | 6,936,364 | +62,655 |
| Vanguard Portfolio Management LLC | 6,823,168 | +53,027 |
| D. E. Shaw & Co., Inc. | 5,828,919 | +2,679,767 |
| Morgan Stanley | 4,772,611 | -779,696 |
| Van Eck Associates Corp | 4,565,313 | -23,214 |
| UBS Group AG | 4,322,785 | +847,813 |
| Invesco Ltd. | 3,537,603 | -257,675 |
| Bank of America Corp | 3,417,452 | +1,403,657 |
| Cooperman Leon G | 3,000,000 | 0 |
| Jpmorgan Chase & Co | 3,018,764 | +99,470 |
| Reaves W H & Co Inc | 2,606,844 | -1,926 |
| Geode Capital Management, LLC | 2,553,356 | +33,551 |
| Dimensional Fund Advisors LP | 2,195,671 | +323,320 |
| Caxton Associates Llp | 1,991,899 | +1,985,808 |
| Norges Bank | 1,934,575 | new |
| Marshall Wace, Llp | 1,735,083 | +1,605,563 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,298,440 | -39,656 |
Insiders
9 insiders reported holding 13,744,002 shares in total, about $634.1M at the last price.
| Holder | Shares |
|---|---|
| Litinsky James H.Chairman and CEO, Director | 11,837,19511,620,798 held indirectly |
| Rosenthal Michael StuartChief Operating Officer | 1,470,295136,622 held indirectly |
| Weisenburger Randall JDirector | 150,899 |
| Corbett RyanChief Financial Officer | 109,017 |
| Hoops Elliot DeanGeneral Counsel and Secretary | 54,095 |
| Infuso David GregoryChief Accounting Officer | 48,442 |
| Duckworth Connie KDirector | 42,514 |
| Lavan MaryanneDirector | 23,753 |
| Myers Richard BDirector | 7,792 |
Questions about MP
What does MP Materials Corp. / DE do?
MP Materials mines and processes rare earth elements, primarily through its Mountain Pass facility in California. It produces rare earth concentrates, neodymium-praseodymium, and magnetic materials purchased by manufacturers of electric vehicles, wind turbines, consumer electronics, and defense equipment. Its shares trade on NYSE under the ticker MP.
What is MP Materials Corp. / DE's net worth?
MP Materials Corp. / DE has a market value (market cap) of $8.2B at the latest share price, and shareholders' equity of $2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is MP Materials Corp. / DE profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $60.6M on revenue of $305.4M.
How much revenue does MP Materials Corp. / DE make?
Over the twelve months to June 30, 2026 MP Materials Corp. / DE reported revenue of $305.4M. That is 26.1% more than a year earlier.
When did MP Materials Corp. / DE last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 30, 2026.
When is MP Materials Corp. / DE's next earnings report?
MP Materials Corp. / DE's next report is expected around November 5, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Theses that mention MP
Similar companies
Compare MP with
Follow MP
Get an email when MP Materials Corp. / DE files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values MP Materials Corp. / DE tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.