USA Rare Earth, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
USAR$7.92-9.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating costs and expenses | ||
| Selling, general and administrative | $7,029 | $2,647 |
| Research and development | 1,689 | 2,051 |
| Total operating costs and expenses | 8,718 | 4,698 |
| Operating loss | (8,718) | (4,698) |
| Other income (expense) | ||
| Interest and dividend income | 187 | 109 |
| Gain on fair market value of financial instruments | 60,300 | 1 |
| Interest and other expense | (87) | (84) |
| Total other income | 60,400 | 26 |
| Net income (loss) | 51,682 | (4,672) |
| Net income (loss) attributable to non-controlling interest | (150) | (200) |
| Net income (loss) attributable to common stockholders | $51,832 | $(4,472) |
| Net income (loss) per common share - basic | $0.75 | $(0.11) |
| Net income (loss) per common share - diluted | $0.58 | $(0.11) |
| Weighted average shares outstanding - basic | 64,463 | 59,425 |
| Weighted average shares outstanding - diluted | 83,079 | 59,425 |
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