USA Rare Earth, Inc. (USAR) Financials

USA Rare Earth, Inc. (USAR) had EBITDA of -$58.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

USA Rare Earth, Inc. (USAR) had a gross margin of 11.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

USA Rare Earth, Inc. (USAR) has a return on equity of -60.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

USA Rare Earth, Inc. (USAR) recorded an outflow of $86.3M in free cash flow during fiscal year 2025. This represents a -436.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

USA Rare Earth, Inc. (USAR) recorded an outflow of $49.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

USA Rare Earth, Inc. (USAR) had $695.0M in total assets as of fiscal year 2025, including both current and long-term assets.

USA Rare Earth, Inc. (USAR) invested $37.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

USA Rare Earth, Inc. (USAR) invested $15.9M in research and development during fiscal year 2025.

USA Rare Earth, Inc. (USAR) had 148M shares outstanding as of fiscal year 2025.

USA Rare Earth, Inc. (USAR) had a current ratio of 10.17 as of fiscal year 2025, which is generally considered healthy.

USA Rare Earth, Inc. (USAR) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

USA Rare Earth, Inc. (USAR) had a return on assets of -42.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

USA Rare Earth, Inc. (USAR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $4.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

USA Rare Earth, Inc. (USAR) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $1.6M revenue, FY2025). The market capitalization is $4.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, USA Rare Earth, Inc. (USAR) held $359.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $49.0M over that year. Dividing the one by the other, the reported balance equals about 88 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

USA Rare Earth, Inc. (USAR) has an Altman Z-Score of 13.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

USA Rare Earth, Inc. (USAR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

USA Rare Earth, Inc. (USAR) reported a net loss of $297.6M while operations used $49.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

USA Rare Earth, Inc. (USAR) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.