Produces rare earth oxides and magnets for electric vehicles and electronics.
Jun 2026Revenue $305M/yrExpenses $432M/yr
No trendCash runway ≈ 2.9 years from Jun 2026
Figures by year
When will MP Materials be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Jun 2026, revenue was $305M and expenses $432M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $224M | $374M | −$149M |
| Dec 2024 | $204M | $373M | −$169M |
| Dec 2023 | $253M | $271M | −$17.7M |
| Dec 2022 | $528M | $200M | $327M |
| Dec 2021 | $332M | $167M | $165M |
| Dec 2020 | $134M | $169M | −$34.7M |
| Dec 2019 | $73.0M | $80.6M | −$7.62M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.