MP Materials Corp. / DE (MP) Financial Statements (2025 and earlier)

Company Profile

Business Address 1700 S. PAVILION CENTER DR.
LAS VEGAS, NV 89135
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 10 - Metal Mining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments850,868997,8441,182,3451,179,297519,652
Cash and cash equivalent282,442263,351136,6271,179,297519,652
Short-term investments568,426734,4931,045,718  
Restricted cash and investments8121,2906,2871,3443,688
Receivables62,34529,33135,05751,0093,589
Inventory, net of allowances, customer advances and progress billings107,90595,18257,55438,69232,272
Inventory107,90595,18257,55438,69232,272
Prepaid expense   600200 
Other undisclosed current assets9,3927,53011,9856,2651,846
Total current assets:1,031,3221,131,1771,293,8281,276,807561,047
Noncurrent Assets
Inventory, Noncurrent19,03113,3505,744  
Finance lease, right-of-use asset, after accumulated amortization    7581,028
Operating lease, right-of-use asset8,68010,065   
Property, plant and equipment1,251,4961,158,054935,743610,612501,974
Long-term investments and receivables  9,673   
Long-term investments  9,673   
Intangible assets, net (including goodwill)7,3708,881   
Intangible assets, net (excluding goodwill)7,3708,881   
Restricted cash and investments    5169,100
Other noncurrent assets15,6595,2522,4729731,139
Total noncurrent assets:1,302,2361,205,275943,959612,859513,241
TOTAL ASSETS:2,333,5582,336,4522,237,7871,889,6661,074,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:88,289101,93472,26535,73416,136
Taxes payable✕✕✕✕3,463 
Accounts payable23,56227,995   
Accrued liabilities64,72773,93921,163  
Other undisclosed accounts payable and accrued liabilities   51,10232,27116,136
Deferred revenue56,880    
Debt   254266
Accrued environmental loss contingencies   500500500
Asset retirement obligation   200100100
Other liabilities18,8506,6164,0534,0102,163
Other undisclosed current liabilities   20,46318,94523,896
Total current liabilities:164,019108,55097,48159,54343,061
Noncurrent Liabilities
Long-term debt and lease obligation908,729681,980678,444675,4811,093
Long-term debt, excluding current maturities908,729681,980678,444674,927 
Finance lease, liability    554736
Liabilities, other than long-term debt205,930180,143149,228145,910131,273
Deferred revenue63,20717,433   
Accumulated deferred investment tax credit25,502    
Asset retirement obligations  5,5185,29517,61525,570
Deferred income tax liabilities85,309130,793122,353104,50087,473
Accrued environmental loss contingencies  16,54516,58016,59816,602
Other liabilities26,1143,0255,0007,1971,628
Operating lease, liability5,7986,829  357
Other undisclosed noncurrent liabilities     44,984
Total noncurrent liabilities:1,114,659862,123827,672821,391177,350
Total liabilities:1,278,678970,673925,153880,934220,411
Equity
Equity, attributable to parent1,054,8801,365,7791,312,6341,008,732853,877
Common stock1817181817
Treasury stock, value(227,047)    
Additional paid in capital961,434979,891951,008936,299916,482
Accumulated other comprehensive income (loss)173145189  
Retained earnings (accumulated deficit)320,302385,726361,41972,415(62,622)
Total equity:1,054,8801,365,7791,312,6341,008,732853,877
TOTAL LIABILITIES AND EQUITY:2,333,5582,336,4522,237,7871,889,6661,074,288

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues203,855253,445527,510331,952134,310
Cost of revenue(281,816)(182,323)(122,052)(105,091)(136,975)
Cost of product and service sold(192,586)(2,285) (1,809)(63,798)
Gross profit:(77,961)71,122405,458226,861(2,665)
Operating expenses(91,465)(88,841)(78,047)(61,516)(32,038)
Other operating income, net
(Other undisclosed Other operating income, net)		     
Other undisclosed operating loss     
Operating income (loss):(169,426)(17,719)327,411165,345(34,703)
Nonoperating income46,17856,04819,5273,754251
Investment income, nonoperating     163
Other nonoperating income46,17856,04819,527 59
Interest and debt expense29,901(5,254)(5,786)(8,904)(5,009)
Income (loss) from continuing operations before income taxes:(93,347)33,075341,152160,195(39,461)
Income tax expense (benefit)27,923(8,768)(52,148)(25,158)17,636
Income (loss) from continuing operations:(65,424)24,307289,004135,037(21,825)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕135,037(21,825)
Net income (loss) available to common stockholders, basic:(65,424)24,307289,004135,037(21,825)
Interest on convertible debt 743 4,4413,366 
Other undisclosed net income available to common stockholders, diluted     
Net income (loss) available to common stockholders, diluted:(64,681)24,307293,445138,403(21,825)

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(65,424)24,307289,004135,037(21,825)
Other comprehensive income28    
Comprehensive income (loss):(65,396)24,307289,004135,037(21,825)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (44)189  
Comprehensive income (loss), net of tax, attributable to parent:(65,396)24,263289,193135,037(21,825)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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