Every 10-Q that Mp Materials Corporation (MP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MP filings page.
MP Materials Corp., a major U.S. rare earth producer, reported Q2 2026 revenue of $108,490 (thousand), up from $57,393 (thousand) a year earlier, driven mainly by NdPr oxide and metal sales. It also recorded $17,580 (thousand) of Price Protection Agreement income, narrowing the quarterly net loss to $20,296 (thousand), or $0.11 per share.
For the first half of 2026, revenue reached $199,139 (thousand) and net loss improved to $28,264 (thousand). Cash, cash equivalents and short‑term investments totaled $1,452,639 (thousand) at June 30, 2026 after significant capital spending, including $287.5 million of capitalized property, plant and equipment to expand the Independence Facility, build the 10X magnet plant in Texas, and advance the Mountain Pass HREE and chlor‑alkali projects. The DoW partnership adds support through a NdPr price floor, a Samarium Project Loan, preferred equity and warrants, while long‑term supply agreements with GM and Apple underpin growing magnetics demand.
MP Materials Corp. reported first-quarter 2026 results showing higher revenue but a continued net loss as it builds out its rare earth supply chain. Revenue rose to $90.6 million from $60.8 million, helped by magnetics growth and a new NdPr offtake agreement. A new Price Protection Agreement with the Department of War contributed $42.3 million of income, cushioning commodity price volatility.
The company posted a net loss of $8.0 million, improving from a $22.6 million loss a year earlier, as depreciation, start-up and project costs increased with expansion. MP ended the quarter with $1.74 billion in cash, cash equivalents and short-term investments and long-term debt of about $1.0 billion, supporting large capital projects in Texas and at Mountain Pass.
MP Materials reported Q3 2025 results marked by ongoing investment and a new U.S. government partnership. Revenue was $53.6 million, with an operating loss of $67.0 million and a net loss of $41.8 million (basic loss per share $0.24). Year to date, revenue reached $171.8 million with a net loss of $95.3 million.
Liquidity strengthened: cash, cash equivalents and short‑term investments rose to $1.94 billion, helped by an underwritten equity offering ($747.5 million proceeds), issuance of Series A preferred stock to the U.S. Department of War for $400.0 million, and a $150.0 million Samarium Project Loan. The balance sheet now includes a $221.1 million price protection agreement upfront asset tied to NdPr pricing support starting Q4 2025.
The company ceased sales to China in July 2025, reducing concentrate revenue but aligning with a public‑private partnership to build a domestic magnet supply chain. Key terms include a NdPr price floor of $110/kg and a 10‑year offtake under which the 10X magnet facility is guaranteed at least $140 million of annual EBITDA after ramp, with cost‑plus pricing and quarterly true‑ups.
MP Materials Corp. reported stronger top-line activity in the first half of 2025, with revenue rising to $118.2 million for the six months ended June 30, 2025 from $79.9 million a year earlier, driven by higher NdPr oxide/metal sales and the start of magnetic precursor product shipments from its Independence Facility. Magnetics revenue began in Q1 2025 and contributed $19.9 million in the quarter. The company held substantial liquidity with $261.5 million of cash and $492.1 million of short-term investments, totaling $753.7 million.
Despite revenue growth, MP reported operating losses: a net loss of $30.9 million for Q2 2025 and $53.5 million for the six months, reflecting higher operating costs and SG&A. Total debt principal was $930.5 million (carrying amount ~$910.8 million), and deferred revenue from GM prepayments totaled $124.9 million. The company announced strategic shifts in 2025: it ceased shipments of concentrate to China and, in July 2025, entered DoD agreements to expand domestic magnet and HREE capacity, including commitments that provide price floors and purchase assurances for future production.