# USA Rare Earth, Inc. (USAR)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $2.21B  
**Price:** $22.57 (+11.02%)

> USA Rare Earth, Inc. is a materials company focused on mining, processing, and supplying rare earth elements and other critical minerals. The company concentrates on heavy rare earth elements and the production of permanent magnets, key inputs for advanced technologies and electrified systems. Its activities span a vertically integrated value chain, from resource development at the Round Top deposit in Texas to downstream processing and magnet manufacturing in the United States and selected international locations. USA Rare Earth’s products are used across sectors such as defense, electric vehicles, renewable energy, semiconductors, data centers, industrial automation, and healthcare. By emphasizing domestic and allied-sourced materials and magnet production, the company plays a significant role in efforts to diversify and secure supply chains for critical minerals that underpin modern electronics, energy transition technologies, and strategic industries. Founded in 2019 and headquartered in Stillwater, Oklahoma, USA Rare Earth operates within the broader materials sector as a specialized provider of rare earth–based inputs to manufacturers and system integrators globally.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2M | $195,000 | -$60M | -$298M | — |
| 2024 | — | — | -$16M | -$16M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $695M | $192M | $494M | $360M | — |
| 2024 | $69M | $15M | -$17M | $17M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$49M | — | — |
| 2024 | -$13M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/USAR)