MP Materials Corp DE

For the period ended Mar 31, 2024. Filed May 3, 2024.

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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, 2024 · Filed May 3, 2024

MP$36.46-3.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For the three months ended March 31,
(in thousands, except share and per share data)	2024	2023
Revenue:
Rare earth concentrate (including related party)	$40,076	$95,666
NdPr oxide and metal (including related party)	8,327	—
Other rare earth products	281	34
Total revenue	48,684	95,700
Operating costs and expenses:
Cost of sales (excluding depreciation, depletion and amortization) (including related party)	35,594	24,216
Selling, general and administrative	21,267	19,403
Depreciation, depletion and amortization	18,385	8,122
Start-up costs	1,287	4,669
Advanced projects and development	4,206	3,611
Other operating costs and expenses	377	2,717
Total operating costs and expenses	81,116	62,738
Operating income (loss)	(32,432)	32,962
Interest expense, net	(2,857)	(1,359)
Gain on early extinguishment of debt	46,265	—
Other income, net	12,657	13,693
Income before income taxes	23,633	45,296
Income tax expense	(7,144)	(7,849)
Net income	$16,489	$37,447
Earnings (loss) per share:
Basic	$0.09	$0.21
Diluted	$(0.08)	$0.20
Weighted-average shares outstanding:
Basic	174,556,850	176,881,723
Diluted	186,791,826	193,613,539

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.