USA Rare Earth Quarterly Income Statement
NASDAQ: USARBasic MaterialsMetal MiningUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
USA Rare Earth revenue and earnings
In the quarter ended Jun 30, 2026, USA Rare Earth generated $5.8 million in revenue, up 0.0% from the same quarter a year earlier. USA Rare Earth reported a net loss of $10.3 million, compared with a loss of $142.5 million a year earlier. Gross margin was -27.2% and operating margin -795.6%.
Diluted earnings per share came in at -$0.05.
Summary generated from market data by MetaCap's automated system. Methodology
USA Rare Earth income statement (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.82M | 5.70M | — | — | 0 | 0 | — | — | — | — | — | — |
| Revenue growth (YoY) | — | — | — | — | — | — | — | — | — | — | — | — |
| Cost of Revenue | 7.40M | 5.59M | — | — | 0 | 0 | — | — | — | — | — | — |
| Gross Profit | -1.58M | 106.00K | — | — | 0 | 0 | — | — | — | — | — | — |
| Operating Expenses | 44.73M | 36.78M | — | — | 8.80M | 8.72M | — | — | — | — | — | — |
| Research & Development | 10.77M | 14.25M | 7.17M | 4.45M | 2.58M | 1.69M | 1.40M | 1.16M | 1.73M | 2.05M | — | — |
| Operating Income | -46.31M | -36.67M | -26.12M | -15.86M | -8.80M | -8.72M | -5.92M | -1.96M | -3.01M | -4.70M | -420.84K | -228.65K |
| Interest Expense | 0 | 35.00K | — | — | 0 | 54.00K | — | — | — | 44.00K | 0 | 0 |
| Other Income (Expense) | 33.84M | -31.97M | -24.54M | -141.13M | -133.91M | 60.40M | -976.00K | -49.00K | 192.00K | 26.00K | 3.28M | 1.06M |
| Pretax Income | -12.48M | -68.64M | — | — | -142.71M | 51.68M | — | — | — | — | — | — |
| Income Tax | -513.00K | -577.00K | — | — | 0 | 0 | — | — | — | — | — | — |
| Net Income | -10.33M | -66.99M | -50.20M | -156.68M | -142.51M | 51.83M | -6.80M | -1.87M | -2.60M | -4.47M | 2.86M | 830.82K |
| Net Income growth (YoY) | — | -229.24% | — | — | — | — | -337.92% | -324.96% | — | — | — | — |
| EPS (Basic) | -0.05 | -0.34 | -0.88 | -1.64 | -1.54 | 0.75 | -0.22 | -0.03 | -0.04 | -0.11 | — | — |
| EPS (Diluted) | -0.05 | -0.34 | -0.71 | -1.64 | -1.54 | 0.58 | -0.22 | -0.03 | -0.04 | -0.11 | — | — |
| Shares Outstanding (Basic) | 230.08M | 196.48M | — | 102.59M | 92.77M | 64.46M | — | 59.50M | 59.42M | 59.42M | — | — |
| Shares Outstanding (Diluted) | 230.08M | 196.48M | — | 102.59M | 92.77M | 83.08M | — | 59.50M | 59.42M | 59.42M | — | — |
| EBITDA | -45.30M | -35.98M | -25.73M | -15.69M | -8.63M | -8.69M | -5.91M | -1.89M | -2.94M | -4.61M | — | — |
| Gross Margin | -27.19% | 1.86% | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | -795.64% | -643.65% | — | — | — | — | — | — | — | — | — | — |
| Net Margin | -177.51% | -1175.66% | — | — | — | — | — | — | — | — | — | — |
This table shows 12 quarterly periods of USA Rare Earth's income statement, from Q2 2026 back to Q2 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow USAR's reporting calendar. What is a income statement?