USA Rare Earth Quarterly Balance Sheet
NASDAQ: USARBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
USA Rare Earth financial position
As of Jun 30, 2026, USA Rare Earth reported total assets of $3.00 billion, up 1568.8% from a year earlier against total liabilities of $451.5 million. Shareholders' equity stood at $2.54 billion, or 84.6% of assets. The company held $1.53 billion in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 32.79, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
USA Rare Earth balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q3 20232023-09-30 | Q2 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.53B | 1.75B | 359.93M | 257.61M | 121.79M | 23.35M | 16.76M | 141.20K | 6.59K | 119.21K | 337.59K | 545.74K |
| Inventory | 50.14M | 28.43M | 18.54M | — | — | — | 0 | — | — | — | — | — |
| Total Current Assets | 1.67B | 1.79B | 385.38M | 258.88M | 123.55M | 25.78M | 22.27M | 222.95K | 60.06K | 267.59K | 712.84K | 1.08M |
| Property, Plant & Equipment | 145.83M | 117.98M | 85.41M | 39.54M | 31.86M | 30.12M | 26.53M | — | — | 26.53M | — | — |
| Goodwill | 134.85M | 134.85M | 134.85M | — | — | — | 0 | — | — | — | — | — |
| Intangible Assets | 65.90M | 67.25M | 68.61M | — | — | — | — | — | — | — | — | — |
| Long-Term Investments | — | — | — | — | — | — | 24.08M | — | — | 262.32M | 255.58M | 252.31M |
| Total Assets | 3.00B | 2.13B | 695.00M | 323.32M | 179.70M | 77.08M | 69.07M | 269.36M | 265.77M | 262.59M | 256.29M | 253.39M |
| Accounts Payable | 17.37M | 17.08M | 11.07M | 1.83M | 2.24M | 3.11M | 1.82M | 2.03M | — | — | — | — |
| Total Current Liabilities | 51.01M | 49.34M | 37.91M | 15.68M | 8.18M | 7.33M | 6.92M | 2.73M | 645.56K | 508.66K | 197.69K | 150.04K |
| Total Liabilities | 451.51M | 246.27M | 191.81M | 368.63M | 286.39M | 97.33M | 15.13M | 15.83M | 13.75M | 13.61M | 13.30M | 13.25M |
| Shareholders' Equity | 2.54B | 1.88B | 494.29M | -58.58M | -131.93M | -52.66M | -17.03M | -15.60M | -13.69M | -13.34M | -12.58M | -12.17M |
| Retained Earnings | -464.68M | -454.35M | -387.36M | -337.18M | -180.50M | -37.99M | -72.87M | -15.60M | -13.69M | -13.34M | -12.59M | -12.17M |
| Net Cash (Debt) | 1.53B | 1.75B | 359.93M | 257.61M | 121.79M | 23.35M | 16.76M | 141.20K | 6.59K | 119.21K | 337.59K | 545.74K |
| Shares Outstanding | 244.67M | 217.98M | 148.06M | 113.83M | 96.19M | 81.95M | 60.09M | — | — | — | — | — |
This table shows 12 quarterly periods of USA Rare Earth's balance sheet, from Q2 2026 back to Q2 2023, across 15 line items including cash & equivalents, inventory, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow USAR's reporting calendar. What is a balance sheet?