USAR - USA Rare Earth Inc
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.40
DETAILS
HIGH:
$45.00
LOW:
$30.00
MEDIAN:
$35.00
CONSENSUS:
$35.40
UPSIDE:
39.92%
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 5.7 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 7.7 | 2.4 | 0.3 | 0.3 | 0.1 | 55.9 | 0.1 | 0.1 | 0.4 | 0 | 0 | 0 | 0 |
| Gross Profit | (2.0) | (0.8) | (0.3) | (0.3) | (0.1) | 249.2 | (0.1) | (0.1) | (0.4) | 0 | (0.4) | 0 | 0 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 14.2 | 7.2 | 4.5 | 2.6 | 1.7 | 1.4 | 1.2 | 1.7 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 20.4 | 18.2 | 11.1 | 22.1 | 7.0 | 20.8 | 0.7 | 21.2 | 0.4 | 0.3 | 0.4 | 0.2 | 0.0 |
| Other Expenses | 0 | 0 | 0 | (16.2) | 0 | (16.3) | 0 | (20.0) | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 34.7 | 25.3 | 15.6 | 8.5 | 8.7 | 5.9 | 1.9 | 2.9 | 0.4 | 0.3 | 0.4 | 0.2 | 0.0 |
| Operating Income | |||||||||||||
| Operating Income | (36.7) | (26.1) | (15.9) | (8.8) | (8.7) | (10.2) | (2.0) | (3.0) | (0.4) | (0.3) | (0.4) | (0.2) | (0.0) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 12.0 | 3.2 | 1.3 | 0.8 | 0.2 | (0.0) | 0.0 | 0.0 | 0.0 | 3.4 | 3.3 | 1.1 | 0 |
| Profitability | |||||||||||||
| EBITDA | (34.6) | (25.1) | (15.6) | (8.5) | (8.7) | (10.4) | (1.9) | (2.9) | (0.0) | 3.6 | (0.0) | (0.2) | 0.0 |
| EBIT | (36.7) | (26.1) | (15.9) | (8.8) | (8.7) | (10.2) | (2.0) | (3.0) | (0.4) | 3.1 | (0.4) | (0.2) | (0.0) |
| Income Before Tax | (68.6) | (50.7) | (157.0) | (142.5) | 51.7 | 155.8 | (2.0) | (2.8) | 2.9 | 3.1 | 2.9 | 0.8 | (0.0) |
| Income Tax Expense | (0.6) | (0.2) | 0 | 0 | 0 | 44.6 | 0 | 28.4 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (67.0) | (50.2) | (156.7) | (142.5) | 51.8 | 0.4 | (1.9) | 3.0 | 2.9 | 3.1 | 2.9 | 0.8 | (0.0) |
| Per Share Data | |||||||||||||
| EPS (Basic) | -0.34 | -0.37 | -1.64 | -1.54 | 0.80 | 0.04 | 0.06 | 0.49 | 0.09 | 0.10 | -0.01 | 0.13 | -0.00 |
| EPS (Diluted) | -0.34 | -0.37 | -1.64 | -1.54 | 0.62 | 0.04 | 0.05 | 0.10 | 0.09 | 0.10 | 0.09 | 0.03 | -0.00 |
| Shares Outstanding | 196.5 | 148.1 | 102.6 | 92.8 | 64.5 | 22.3 | 25 | 6.2 | 31.2 | 31.2 | 6.2 | 6.3 | 27.5 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 1,749.6 | 359.9 | 257.6 | 121.8 | 23.4 | 0.0 | 0.1 | 0.0 | 0.1 | 0.3 | 0.3 | 0.5 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 5.7 | 3.8 | 0 | 0 | 0 | 116.0 | 98.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 28.4 | 18.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 4.9 | 2.4 | 1.3 | 1.8 | 2.4 | (116.0) | (98.6) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,790.4 | 385.4 | 258.9 | 123.5 | 25.8 | 0.1 | 0.2 | 0.1 | 0.3 | 0.5 | 0.7 | 1.1 | 0.0 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 119.4 | 106.0 | 64.4 | 56.1 | 51.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 134.8 | 134.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 67.3 | 68.6 | 0 | 0 | 0 | 1,144.8 | 1,162.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 24.1 | 269.1 | 265.7 | 262.3 | 0 | 255.6 | 252.3 | 0 |
| Other Non-Current Assets | 22.9 | 0.2 | 0.0 | 0.1 | 0.1 | (1,144.8) | (1,162.4) | 0 | 0 | 259.0 | 0 | 0 | 0.2 |
| Total Non-Current Assets | 344.5 | 309.6 | 64.4 | 56.2 | 51.3 | 24.1 | 269.1 | 265.7 | 262.3 | 259.0 | 255.6 | 252.3 | 0.2 |
| Total Assets | 2,134.8 | 695.0 | 323.3 | 179.7 | 77.1 | 71.3 | 269.4 | 265.8 | 262.6 | 259.5 | 256.3 | 253.4 | 0.3 |
| Current Liabilities | |||||||||||||
| Account Payables | 17.1 | 11.1 | 1.8 | 2.2 | 3.1 | 12.3 | 2.0 | 0.6 | 0.4 | 0.2 | 0 | 0 | 0 |
| Short-Term Debt | 0.8 | 1.8 | 0 | 0 | 0 | 1.2 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Deferred Revenue | 10.4 | 10.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 19.1 | 0 | 0 | 0.4 | 0.0 | (9.6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 49.3 | 37.9 | 15.7 | 8.2 | 7.3 | 3.9 | 2.7 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 9.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 16.2 | 16.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 171.3 | 137.1 | 357.1 | 294.3 | 113.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 0 |
| Total Non-Current Liabilities | 198.1 | 162.8 | 366.2 | 303.5 | 122.4 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 0 |
| Total Liabilities | 247.5 | 200.7 | 381.9 | 311.6 | 129.7 | 17.1 | 15.8 | 13.7 | 13.6 | 13.4 | 13.3 | 13.3 | 0.2 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 24.1 | 269.1 | 265.7 | 262.3 | 259.0 | 255.6 | 252.3 | 0.0 |
| Retained Earnings | (454.3) | (387.4) | (337.2) | (180.5) | (38.0) | (17.0) | (15.6) | (13.7) | (13.3) | (12.9) | (12.6) | (12.2) | (0.0) |
| Accumulated Other Comprehensive Income | (0.2) | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,879.0 | 492.6 | (60.6) | (134.2) | (55.1) | 24.1 | 253.5 | 252.0 | 249.0 | 246.1 | 243.0 | 240.1 | 0.0 |
| Total Liabilities & Equity | 2,134.8 | 695.0 | 323.3 | 179.7 | 77.1 | 5,761.7 | 269.4 | 265.8 | 262.6 | 259.5 | 256.3 | 253.4 | 0.3 |
| Debt Metrics | |||||||||||||
| Total Debt | 11.4 | 3.0 | 1.3 | 1.4 | 1.5 | 1.2 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Net Debt | (1,738.3) | (356.9) | (256.3) | (120.4) | (21.9) | 1.2 | 0.6 | (0.0) | (0.1) | (0.3) | (0.3) | (0.5) | 0.1 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | (67.0) | (50.2) | (157.0) | (142.5) | 51.7 | 0.4 | 1.5 | 3.0 | 2.9 | 3.1 | 2.9 | 0.8 | (0.0) |
| Depreciation & Amortization | 2.1 | 0 | 0.2 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 3.0 | 0 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 |
| Change in Working Capital | (1.0) | (11.2) | 8.2 | (2.1) | (3.1) | 0.7 | 0.6 | 0.2 | 0.3 | 0.2 | 0.2 | (0.4) | 0 |
| Other Non-Cash Items | 47.5 | 33.5 | 142.8 | 136.7 | (60.2) | (1.8) | (3.3) | (3.4) | (3.3) | (3.4) | (3.3) | (1.1) | 0.0 |
| Operating Cash Flow | (18.5) | (27.9) | (2.8) | (7.9) | (10.3) | (0.6) | (0.5) | (0.1) | (0.2) | (0.1) | (0.2) | (0.6) | 0 |
| Investing Activities | |||||||||||||
| Capital Expenditure | (38.6) | (24.0) | (7.1) | (4.3) | (2.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (251.2) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 246.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (126.2) | 0 | 0 | (1.0) | 38.3 | 0 | 112.0 | 0 | (0.1) | 0 | (251.2) | 0 |
| Investing Cash Flow | (38.6) | (126.2) | (7.1) | (3.2) | (3.0) | 246.9 | (1.4) | 0 | 0 | (0.1) | 0 | (251.2) | 0 |
| Financing Activities | |||||||||||||
| Net Debt Issuance | (1.9) | 0.1 | 0 | (88.1) | (6.9) | (55.6) | (15.8) | (3.0) | 0 | 0 | 0 | (0.2) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | (11.6) | (2.0) | (108.5) | (3.4) | (113.0) | (3.3) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0.3 | 117.1 | (8.6) | (53.4) | 18.7 | 116.1 | 0 | 0.1 | 0 | 7.0 | 0 |
| Financing Cash Flow | 1,447.1 | 256.4 | 145.8 | 109.6 | 20.0 | (246.4) | 22.3 | 0 | 0 | 0.1 | 0 | 252.4 | 0 |
| Cash Position | |||||||||||||
| Net Change in Cash | 1,389.7 | 102.3 | 135.8 | 98.4 | 6.6 | (0.1) | 0.1 | (0.1) | (0.2) | (0.1) | (0.2) | 0.5 | 0 |
| Cash at Beginning | 359.9 | 257.6 | 121.8 | 23.4 | 16.8 | 0.1 | 0.0 | 0.1 | 0.3 | 0.3 | 0.5 | 0 | 0 |
| Cash at End | 1,749.6 | 359.9 | 257.6 | 121.8 | 23.4 | 0.0 | 0.1 | 0.0 | 0.1 | 0.3 | 0.3 | 0.5 | 0 |
| Free Cash Flow | (57.1) | (51.9) | (9.9) | (12.2) | (12.3) | (0.6) | (0.5) | (0.1) | (0.2) | (0.1) | (0.2) | (0.6) | 0 |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.7 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (2.0) | (0.8) | (0.3) | (0.3) | (0.1) | 249.2 | (0.1) | (0.1) | (0.4) | 0 | (0.4) | 0 | 0 |
| Operating Income | (36.7) | (26.1) | (15.9) | (8.8) | (8.7) | (10.2) | (2.0) | (3.0) | (0.4) | (0.3) | (0.4) | (0.2) | (0.0) |
| Net Income | (67.0) | (50.2) | (156.7) | (142.5) | 51.8 | 0.4 | (1.9) | 3.0 | 2.9 | 3.1 | 2.9 | 0.8 | (0.0) |
| EPS (Diluted) | -0.34 | -0.37 | -1.64 | -1.54 | 0.62 | 0.04 | 0.05 | 0.10 | 0.09 | 0.10 | 0.09 | 0.03 | -0.00 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 1,749.6 | 359.9 | 257.6 | 121.8 | 23.4 | 0.0 | 0.1 | 0.0 | 0.1 | 0.3 | 0.3 | 0.5 | 0 |
| Total Assets | 2,134.8 | 695.0 | 323.3 | 179.7 | 77.1 | 71.3 | 269.4 | 265.8 | 262.6 | 259.5 | 256.3 | 253.4 | 0.3 |
| Total Debt | 11.4 | 3.0 | 1.3 | 1.4 | 1.5 | 1.2 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Stockholders' Equity | 1,879.0 | 492.6 | (60.6) | (134.2) | (55.1) | 24.1 | 253.5 | 252.0 | 249.0 | 246.1 | 243.0 | 240.1 | 0.0 |
| Cash Flow | |||||||||||||
| Operating Cash Flow | (18.5) | (27.9) | (2.8) | (7.9) | (10.3) | (0.6) | (0.5) | (0.1) | (0.2) | (0.1) | (0.2) | (0.6) | 0 |
| Capital Expenditure | (38.6) | (24.0) | (7.1) | (4.3) | (2.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | (57.1) | (51.9) | (9.9) | (12.2) | (12.3) | (0.6) | (0.5) | (0.1) | (0.2) | (0.1) | (0.2) | (0.6) | 0 |