USA Rare Earth, Inc. (USAR)

17.99 -6.55% (-1.26)

Over 5Y: +78.6%

2026-08-28
10 20 30 40
2023 2024 2025 2026

Financials Quarterly

Q3 '25 — Operating Cash Flow: -2.8M Q3 '25 — Free Cash Flow: -9.9M Q3 '25 — Net Income: -156.7M Q4 '25 — Operating Cash Flow: -27.9M Q4 '25 — Free Cash Flow: -51.9M Q4 '25 — Net Income: -50.2M Q1 '26 — Revenue: 5.7M Q1 '26 — Operating Cash Flow: -18.5M Q1 '26 — Free Cash Flow: -57.1M Q1 '26 — Net Income: -67M Q2 '26 — Revenue: 5.8M Q2 '26 — Operating Cash Flow: -56.9M Q2 '26 — Free Cash Flow: -126.6M Q2 '26 — Net Income: -10.3M -140M -105M -70M -35M 0 35M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

0.7
SBC / sales 1124.8%
ROIC -9.8%
Accruals -5.9%
Asset turnover 0.00055×
Gross margin 11.9%
ROA -9.5%
ROCE -4.2%
ROE -11.2%
Capex / sales —
EBITDA margin —
FCF margin —
OCF / EBIT —
OCF margin —
OE margin —
Oper. margin —
Profit margin —

2 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

10.0
RPO / sales 0.81×
RPO growth —
Segment HHI —

1 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

6.5
Current ratio 33.7×
ND/EBITDA —
Interest cover -1213.3×
Cash / Debt 2081.8×
Debt / Eq 0.00029×
Debt payback 0.0 yr
Quick ratio 31.8×
Cash runway 6.2 yr
F-score 3.9 pts
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.0
Shares change +64.7%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —
Sales CAGR 4Y —
Sales Q/Q —
Sales/sh Y/Y —

1 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.