← MP Materials Corp. / DE
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $2.8m | $519.7m | $1.2b | $136.6m | $263.4m | $282.4m | $1.2b | |
| Short-term investments | — | — | $0 | $1.0b | $734.5m | $568.4m | $664.3m | |
| Trade accounts receivable, net of allowance for credit losses of $0 and $0, respectively (including related party) | $370k | $3.6m | $51.0m | $32.9m | $10.0m | $18.9m | $14.6m | |
| Income taxes receivable | — | — | $0 | $2.2m | $830k | $23.7m | $1.0m | |
| Other receivables | — | — | — | — | — | $20.6m | $131.0m | |
| Inventories | $23.0m | $32.3m | $38.7m | $57.6m | $13.3m | $19.0m | $80.5m | |
| Prepaid expenses and other current assets | $1.2m | $5.5m | $7.8m | $18.9m | $8.8m | $10.2m | $17.3m | |
| Total cash, cash equivalents and short-term investments | — | — | $1.2b | $1.2b | $997.8m | $850.9m | $1.8b | |
| Total current assets | $27.4m | $561.0m | $1.3b | $1.3b | $1.1b | $1.0b | $2.2b | |
| Property, plant and equipment, net | $46.4m | $502.0m | $610.6m | $935.7m | $1.2b | $1.3b | $1.4b | |
| Price protection agreement upfront asset, net | — | — | — | — | — | $0 | $209.7m | |
| Other non-current assets | $622k | $1.1m | $973k | $2.5m | $5.3m | $15.7m | $38.3m | |
| Accounts and construction payable | — | — | — | $15.3m | $28.0m | $23.6m | $36.7m | |
| Deferred revenue | — | — | — | — | $0 | $43.1m | $83.9m | |
| Other current liabilities | $2.6m | $2.2m | $4.0m | $4.1m | $6.6m | $18.9m | $25.6m | |
| Deferred government grant | — | — | — | $0 | $17.4m | $20.1m | $22.1m | |
| Deferred investment tax credit | — | — | — | — | $0 | $25.5m | $26.9m | |
| Deferred income taxes | $0 | $87.5m | $104.5m | $122.4m | $130.8m | $85.3m | $51.6m | |
| Other non-current liabilities | $5.1m | $1.6m | $7.2m | $5.0m | $3.0m | $26.1m | $57.0m | |
| Total non-current assets | $74.4m | $513.2m | $612.9m | $944.0m | $1.2b | $1.3b | $1.7b | |
| Total non-current liabilities | $88.5m | $177.3m | $821.4m | $827.7m | $862.1m | $1.1b | $1.2b | |
| Total stockholders’ equity | ($18.0m) | $853.9m | $1.0b | $1.3b | $1.4b | $1.1b | $2.0b | |
| Total assets | $101.8m | $1.1b | $1.9b | $2.2b | $2.3b | $2.3b | $3.9b | |
| Accrued liabilities | — | — | — | $56.9m | $73.9m | $64.7m | $95.1m | |
| Current portion of long-term debt | — | — | — | — | — | $0 | $67.4m | |
| Long-term debt, net of current portion | $0 | $961k | $674.9m | $678.4m | $682.0m | $908.7m | $931.3m | |
| Total current liabilities | $31.3m | $43.1m | $59.5m | $97.5m | $108.5m | $164.0m | $299.0m | |
| Total liabilities | $119.8m | $220.4m | $880.9m | $925.2m | $970.7m | $1.3b | $1.5b | |
| Redeemable preferred stock | — | — | — | — | — | $0 | $413.6m | |
| Preferred stock, undesignated ($0.0001 par value, 49,600,000 and 50,000,000 shares authorized as of December 31, 2025, and December 31, 2024, respectively, zero issued and outstanding in either year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock ($0.0001 par value, 450,000,000 shares authorized, 192,607,429 and 178,445,570 shares issued, and 177,357,647 and 163,195,788 shares outstanding, as of December 31, 2025, and December 31, 2024, respectively) | 7k | 17k | 18k | 18k | 17k | 18k | 19k | |
| Additional paid-in capital | $22.8m | $916.5m | $936.3m | $951.0m | $979.9m | $961.4m | $2.0b | |
| Retained earnings | ($40.8m) | ($62.6m) | $72.4m | $361.4m | $385.7m | $320.3m | $234.4m | |
| Accumulated other comprehensive income | — | — | $0 | $189k | $145k | $173k | $387k | |
| Treasury stock, at cost, 15,249,782 shares for both periods | — | — | — | — | $0 | ($227.0m) | ($227.0m) | |
| Common stock, par value (usd per share) | — | — | — | — | — | $0.00 | $0.00 | |
| Total liabilities, redeemable preferred stock and stockholders’ equity | $101.8m | $1.1b | $1.9b | $2.2b | $2.3b | $2.3b | $3.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.