Stocks Basic materials USAR
NASDAQ · Basic materialsUSA Rare Earth, Inc. (USAR)
It posted a net loss of $284.2M. In fiscal 2025 capital spending exceeded operating cash flow by $86.3M. At June 30, 2026 it held $1.5B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 10, 2026.
Key facts about USA Rare Earth, Inc.
- Net worth
- USA Rare Earth, Inc. has a market value (market cap) of $3.1B at the latest share price, and shareholders' equity of $2.5B 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 $1.6M, with a net loss of $297.6M.
- Cash flow
- In fiscal 2025 operations used $49M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 10, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
What USA Rare Earth, Inc. does
USA Rare Earth explores and develops mining and processing operations for rare earth elements and critical minerals. The company focuses on producing heavy rare earths and neodymium-iron-boron magnets for electric vehicles, aerospace, defense systems, and renewable energy technologies. Its shares trade on NASDAQ under the ticker USAR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6M | -$297.6M | -$3.31 | -$86.3M |
| 2024 | $0 | -$15.7M | -$0.40 | -$16.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where USAR ranks in Basic materials
Latest SEC filings
What USA Rare Earth, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 1, 2026
- September 15, 2026Other event 8-K
- September 11, 2026Passive stake (5% or more) SCHEDULE 13G
- September 11, 2026Passive stake (5% or more) SCHEDULE 13G
- September 11, 2026Activist stake (5% or more) SCHEDULE 13D
- September 4, 2026
- September 4, 2026
- September 4, 2026
- August 31, 2026
- August 24, 2026Additional proxy material DEFA14A
Insider trades
What the people running USA Rare Earth, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.2M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 2, 2026 | Humpton BarbaraFormer Chief Executive Officer | Sold | 88,391 | $1.2M |
| October 1, 2026 | Caulfield ThomasDirector | Received as pay | 1,482 | - |
| October 1, 2026 | Humpton BarbaraFormer Chief Executive Officer | Exercised options | 83,554 | $1.2M |
| October 1, 2026 | Humpton BarbaraFormer Chief Executive Officer | Exercised options | 104,443 | $1.4M |
| October 1, 2026 | Humpton BarbaraFormer Chief Executive Officer | Exercised options | 31,333 | $432.4K |
| July 7, 2026 | Caulfield ThomasDirector | Received as pay | 271 | - |
| June 8, 2026 | Trabuco CarolynDirector | Sold | 13,000 | $296K |
| June 3, 2026 | Caulfield ThomasDirector | Received as pay | 407 | - |
Who owns USAR
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 |
|---|---|---|
| MVB Investment Holdings LLC13G, passive with 5 related filers | 12.5% | September 11, 2026 |
| VB (Rare Earths) Ltd13D, may seek influence with 1 related filers | 7.9% | September 11, 2026 |
| EMG Fund V SVRE Holdings, LLC13G, passive with 5 related filers | 7.8% | September 11, 2026 |
| Gutnick Mordechai Zev13D, may seek influence with 2 related filers | 6.8% | June 9, 2026 |
| Michael Blitzer13D, may seek influence with 1 related filers | 5.8% | September 17, 2025 |
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. 392 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 15,560,453 | +1,474,835 |
| State Street Corp | 13,522,226 | +1,456,478 |
| Alyeska Investment Group, L.P. | 11,290,321 | -5,280,456 |
| UBS Group AG | 8,913,844 | +5,030,029 |
| Vanguard Capital Management LLC | 8,240,608 | -121,388 |
| Vanguard Portfolio Management LLC | 5,495,447 | +4,087,930 |
| Geode Capital Management, LLC | 4,858,203 | +540,361 |
| Bayshore Capital Advisors, LLC | 4,438,785 | -4,304,431 |
| Renaissance Technologies LLC | 3,951,100 | +2,995,722 |
| Hood River Capital Management LLC | 3,688,848 | -554,093 |
| Marex Group Ltd | 2,142,369 | +697,144 |
| Reaves W H & Co Inc | 2,000,000 | -320,000 |
| Jpmorgan Chase & Co | 1,983,632 | +1,744,534 |
| Citadel Advisors LLC | 1,754,650 | +819,483 |
| Northern Trust Corp | 1,589,753 | +222,433 |
| Charles Schwab Investment Management Inc | 1,518,322 | +68,389 |
| Bank of America Corp | 1,518,145 | +95,219 |
| Capital World Investors | 1,500,240 | +51,996 |
| Morgan Stanley | 1,289,496 | +64,737 |
| Vanguard Fiduciary Trust Co | 1,288,343 | +108,059 |
Insiders
10 insiders reported holding 17,002,018 shares in total, about $213.5M at the last price.
| Holder | Shares |
|---|---|
| Gutnick Mordechai ZevDirector | 15,580,74515,550,262 held indirectly |
| Blitzer MichaelDirector | 877,983 |
| Kern Paul JDirector | 209,518 |
| Humpton BarbaraFormer Chief Executive Officer | 130,939 |
| Kronenfeld David ThomasChief Legal Officer | 76,374 |
| Steele William Robert JrChief Financial Officer | 42,002 |
| Senft Michael FDirector | 30,483 |
| Schwethelm Otto CDirector | 30,483 |
| Trabuco CarolynDirector | 18,783 |
| Caulfield ThomasDirector | 4,708 |
Questions about USAR
What does USA Rare Earth, Inc. do?
USA Rare Earth explores and develops mining and processing operations for rare earth elements and critical minerals. The company focuses on producing heavy rare earths and neodymium-iron-boron magnets for electric vehicles, aerospace, defense systems, and renewable energy technologies. Its shares trade on NASDAQ under the ticker USAR.
What is USA Rare Earth, Inc.'s net worth?
USA Rare Earth, Inc. has a market value (market cap) of $3.1B at the latest share price, and shareholders' equity of $2.5B 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 USA Rare Earth, Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $284.2M.
When did USA Rare Earth, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 10, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 5, 2026.
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Where the numbers come from
Financial figures are the values USA Rare Earth, Inc. 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.