MP Materials Corp. / DE
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
MP$36.46-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| For the three months ended September 30, | For the nine months ended September 30, | |||
|---|---|---|---|---|
| (U.S. dollars in thousands, except share and per share data) | 2025 | 2024 | 2025 | 2024 |
| Revenue (including related party) | $53,553 | $62,927 | $171,756 | $142,869 |
| Operating expenses and income: | ||||
| Cost of sales (excluding depreciation, depletion and amortization) (including related party) | 48,477 | 57,266 | 147,739 | 134,323 |
| Selling, general and administrative | 28,405 | 21,525 | 80,000 | 64,226 |
| Depreciation, depletion and amortization | 22,497 | 19,344 | 64,658 | 55,939 |
| Start-up costs | 1,413 | 1,627 | 3,150 | 4,287 |
| Advanced projects and development | 19,026 | 2,051 | 21,996 | 8,143 |
| Other operating costs and expenses (income), net | 758 | 654 | (104) | 1,415 |
| Total operating expenses, net | 120,576 | 102,467 | 317,439 | 268,333 |
| Operating loss | (67,023) | (39,540) | (145,683) | (125,464) |
| Interest expense, net | (8,566) | (6,646) | (21,595) | (16,248) |
| Gain on early extinguishment of debt | — | — | — | 46,265 |
| Other income, net | 17,157 | 11,320 | 38,947 | 36,061 |
| Loss before income taxes | (58,432) | (34,866) | (128,331) | (59,386) |
| Income tax benefit | 16,652 | 9,350 | 33,031 | 16,304 |
| Net loss | $(41,780) | $(25,516) | $(95,300) | $(43,082) |
| Loss per common share: | ||||
| Basic | $(0.24) | $(0.16) | $(0.57) | $(0.26) |
| Diluted | $(0.24) | $(0.16) | $(0.57) | $(0.44) |
| Weighted-average shares outstanding: | ||||
| Basic | 175,034,287 | 164,149,348 | 167,585,724 | 168,002,773 |
| Diluted | 175,034,287 | 164,149,348 | 167,585,724 | 172,066,214 |
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