MP Materials Corp.
MP Materials Corp. (MP) Financial Performance & Income Statement Overview
Review MP Materials Corp. (MP) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
MP Materials Corp. (MP) Income Statement & Financial Overview
Analyze MP Materials Corp.’s MP earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $60.81M | $60.99M | $62.93M | $31.26M |
| Cost of Revenue | $70.22M | $80.38M | $76.61M | $59.67M |
| Gross Profit | -$9.40M | -$19.39M | -$13.68M | -$28.41M |
| Gross Profit Ratio | -$0.15 | -$0.32 | -$0.22 | -$0.91 |
| R&D Expenses | $474000.00 | $1.16M | $2.05M | $1.89M |
| SG&A Expenses | $24.17M | $19.07M | $21.52M | $21.43M |
| Operating Expenses | $25.37M | $24.57M | $25.86M | $25.08M |
| Total Costs & Expenses | $95.59M | $104.95M | $102.47M | $84.75M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $7.62M | $6.76M | $6.65M | $6.75M |
| Depreciation & Amortization | $21.38M | $22.12M | $19.34M | $18.21M |
| EBITDA | $1.82M | -$5.08M | -$8.88M | -$23.20M |
| EBITDA Ratio | $0.03 | -$0.08 | -$0.14 | -$0.74 |
| Operating Income | -$34.78M | -$43.96M | -$39.54M | -$53.49M |
| Operating Income Ratio | -$0.57 | -$0.72 | -$0.63 | -$1.71 |
| Other Income/Expenses (Net) | $7.60M | $10.001M | $4.67M | $5.34M |
| Income Before Tax | -$27.18M | -$33.96M | -$34.87M | -$48.15M |
| Income Before Tax Ratio | -$0.45 | -$0.56 | -$0.55 | -$1.54 |
| Income Tax Expense | -$4.53M | -$11.62M | -$9.35M | -$14.10M |
| Net Income | -$22.65M | -$22.34M | -$25.52M | -$34.05M |
| Net Income Ratio | -$0.37 | -$0.37 | -$0.41 | -$1.09 |
| EPS | -$0.14 | -$0.14 | -$0.16 | -$0.21 |
| Diluted EPS | -$0.14 | -$0.14 | -$0.16 | -$0.21 |
| Weighted Avg Shares Outstanding | $163.76M | $163.38M | $164.15M | $165.34M |
| Weighted Avg Shares Outstanding (Diluted) | $163.76M | $163.38M | $164.15M | $165.34M |
Over the past four quarters, MP Materials Corp. demonstrated steady revenue growth, increasing from $31.26M in Q2 2024 to $60.81M in Q1 2025. Operating income reached -$34.78M in Q1 2025, maintaining a consistent -57% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $1.82M, reflecting operational efficiency. Net income dropped to -$22.65M, with EPS at -$0.14. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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