USAR - USA Rare Earth Inc
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.40
DETAILS
HIGH:
$45.00
LOW:
$30.00
MEDIAN:
$35.00
CONSENSUS:
$35.40
UPSIDE:
39.92%
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 1.6 | 0 | 0 | 0 |
| Cost of Revenue | 3.0 | 218.0 | 0 | 0 |
| Gross Profit | (1.4) | 958.9 | 0 | 0 |
| Operating Expenses | ||||
| R&D Expenses | 15.9 | 6.3 | 0 | 0.3 |
| SG&A Expenses | 42.2 | 86.1 | 1.2 | 19.8 |
| Other Expenses | 0 | (77.2) | 0 | 4.2 |
| Operating Expenses | 58.1 | 15.2 | 1.2 | 24.3 |
| Operating Income | ||||
| Operating Income | (59.5) | (15.6) | (1.2) | (24.3) |
| Interest Expense | 0 | 0 | 0 | 0 |
| Interest Income | 5.4 | 0.0 | 0.0 | 0 |
| Profitability | ||||
| EBITDA | (57.9) | (15.2) | 7.9 | (23.6) |
| EBIT | (59.5) | (15.6) | 6.7 | (24.3) |
| Income Before Tax | (298.7) | (16.4) | 6.7 | (25.5) |
| Income Tax Expense | (0.2) | 147.7 | 0 | 0 |
| Net Income | (297.6) | (15.7) | 6.7 | (23.8) |
| Per Share Data | ||||
| EPS (Basic) | -3.31 | 0.39 | 0.28 | -0.28 |
| EPS (Diluted) | -3.31 | 0.39 | 0.28 | -0.87 |
| Shares Outstanding | 98.0 | 22.3 | 24.2 | 84.8 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 359.9 | 0.0 | 0.3 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 3.8 | 116.0 | 0 | 86.7 |
| Inventory | 18.5 | 0 | 0 | 0 |
| Other Current Assets | 2.4 | (116.0) | 0 | 2.3 |
| Total Current Assets | 385.4 | 0.1 | 0.5 | 89.0 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 106.0 | 0 | 0 | 3,751.4 |
| Goodwill | 134.8 | 0 | 0 | 0 |
| Intangible Assets | 68.6 | 1,144.8 | 0 | 1,286.1 |
| Long-Term Investments | 0 | 24.1 | 0 | 652.8 |
| Other Non-Current Assets | 0.2 | (1,144.8) | 259.0 | 12.0 |
| Total Non-Current Assets | 309.6 | 24.1 | 259.0 | 5,702.3 |
| Total Assets | 695.0 | 71.3 | 259.5 | 5,791.3 |
| Current Liabilities | ||||
| Account Payables | 11.1 | 12.3 | 0.2 | 22.9 |
| Short-Term Debt | 1.8 | 1.2 | 0 | 0 |
| Deferred Revenue | 10.5 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | (82.1) | 0 | 23.1 |
| Total Current Liabilities | 37.9 | 3.9 | 0.3 | 102.1 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 0 | 0 | 0 | 3,361.3 |
| Deferred Tax Liabilities | 16.7 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 137.1 | 13.1 | 13.1 | 135.6 |
| Total Non-Current Liabilities | 162.8 | 13.1 | 13.1 | 3,496.9 |
| Total Liabilities | 200.7 | 17.1 | 13.4 | 3,599.0 |
| Stockholders' Equity | ||||
| Common Stock | 0.0 | 24.1 | 259.0 | 4.8 |
| Retained Earnings | (387.4) | (17.0) | (12.9) | 82.8 |
| Accumulated Other Comprehensive Income | 0.1 | 0 | 0 | 0 |
| Total Stockholders' Equity | 492.6 | 24.1 | 246.1 | 2,192.3 |
| Total Liabilities & Equity | 695.0 | 5,761.7 | 259.5 | 5,791.3 |
| Debt Metrics | ||||
| Total Debt | 3.0 | 1.2 | 0 | 3,361.3 |
| Net Debt | (356.9) | 1.2 | (0.3) | 3,361.3 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | (298.5) | 7.9 | 0.0 | (25.5) |
| Depreciation & Amortization | 0 | 0 | 0 | 0.7 |
| Stock-Based Compensation | 0 | 0 | 0 | 3.2 |
| Change in Working Capital | (8.3) | 2.7 | 0.0 | 5.5 |
| Other Non-Cash Items | 257.9 | (12.0) | (1.0) | 1.3 |
| Operating Cash Flow | (49.0) | (1.4) | (0.0) | (14.8) |
| Investing Activities | ||||
| Capital Expenditure | (37.4) | 0.0 | (0.0) | (5.1) |
| Acquisitions | (102.2) | 0 | 0 | (10.0) |
| Purchases of Investments | 0 | 0 | (251.2) | 0 |
| Sales/Maturities of Investments | 0 | 246.9 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (139.6) | 246.9 | (251.2) | (15.2) |
| Financing Activities | ||||
| Net Debt Issuance | 0.4 | (245.7) | (0.2) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | (12.0) | 0 | 0 |
| Other Financing Activities | 14.2 | 12.0 | 0.1 | 22.3 |
| Financing Cash Flow | 531.7 | (245.8) | 252.5 | 22.3 |
| Cash Position | ||||
| Net Change in Cash | 343.2 | (0.3) | 0.3 | (7.7) |
| Cash at Beginning | 16.8 | 0.3 | 0 | 34.7 |
| Cash at End | 359.9 | 0.0 | 0.3 | 27.0 |
| Free Cash Flow | (86.3) | (1.4) | (0.0) | (19.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 1.6 | 0 | 0 | 0 |
| Gross Profit | (1.4) | 958.9 | 0 | 0 |
| Operating Income | (59.5) | (15.6) | (1.2) | (24.3) |
| Net Income | (297.6) | (15.7) | 6.7 | (23.8) |
| EPS (Diluted) | -3.31 | 0.39 | 0.28 | -0.87 |
| Balance Sheet | ||||
| Cash & Equivalents | 359.9 | 0.0 | 0.3 | 0 |
| Total Assets | 695.0 | 71.3 | 259.5 | 5,791.3 |
| Total Debt | 3.0 | 1.2 | 0 | 3,361.3 |
| Stockholders' Equity | 492.6 | 24.1 | 246.1 | 2,192.3 |
| Cash Flow | ||||
| Operating Cash Flow | (49.0) | (1.4) | (0.0) | (14.8) |
| Capital Expenditure | (37.4) | 0.0 | (0.0) | (5.1) |
| Free Cash Flow | (86.3) | (1.4) | (0.0) | (19.9) |