MP Materials reported Q4 2025 revenue of USD 52.7 million (-14%), net income of USD 9.4 million and adjusted EBITDA of USD 39.2 million, with diluted EPS of USD 0.05 and adjusted diluted EPS of USD 0.09. The company said it ceased all product sales to China, resulting in no revenue recognized from rare earth concentrate in Q4, while it generated USD 19.9 million of magnetic precursor product sales. For FY 2025, MP Materials posted revenue of USD 224.4 million (+10%), a net loss of USD 85.9 million, and adjusted EBITDA of USD 11.4 million; diluted EPS was a loss of USD 0.50 and adjusted diluted EPS was a loss of USD 0.24. Operationally, Q4 NdPr oxide production reached 718 MT (+74%) with 562 MT sold (+20%), and REO production volume in concentrate was 12,080 MT (+5%); FY NdPr oxide production was 2,599 MT (2.0x) with 1,994 MT sold (+75%), and FY REO production volume in concentrate was 50,692 MT (+12%). MP Materials also reported producing its first NdFeB magnets on commercial equipment at Independence, receiving a USD 200 million incentive package for a planned 10X magnetics facility in Northlake, Texas, entering a public-private partnership with the U.S. Department of War that includes an NdPr price floor protection agreement (USD 51.0 million of price protection agreement income reported), and signing a long-term agreement to supply Apple with rare earth magnets made from recycled materials at Mountain Pass.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MP Materials Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260226593472) on February 26, 2026, and is solely responsible for the information contained therein.
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