MP Materials Corp. / DE
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
MP$36.46-3.4%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 Cash Flows (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the three months ended March 31, | ||
|---|---|---|
| (U.S. dollars in thousands) | 2026 | 2025 |
| Operating activities: | ||
| Net loss | $(7,968) | $(22,648) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation, depletion and amortization | 32,137 | 21,384 |
| Accretion of discount on short-term investments | (5,773) | (5,691) |
| Stock-based compensation expense | 12,930 | 7,353 |
| Amortization of debt discount and debt issuance costs | 1,840 | 1,033 |
| Lower of cost or net realizable value reserve | — | 3,164 |
| Deferred income taxes | (5,178) | (4,558) |
| Other | (2,796) | (6,932) |
| Decrease (increase) in operating assets: | ||
| Trade accounts receivable (including related party) | (32,649) | (318) |
| Other receivables | 48,018 | (57,000) |
| Inventories | (8,853) | (31,103) |
| Prepaid expenses, other current and non-current assets | (7,365) | (6,991) |
| Increase (decrease) in operating liabilities: | ||
| Accounts payable and accrued liabilities | (2,831) | (1,786) |
| Deferred revenue | (19,196) | 44,809 |
| Deferred government grant | 3,380 | 2,723 |
| Other current and non-current liabilities | (7,605) | (6,637) |
| Net cash used in operating activities | (1,909) | (63,198) |
| Investing activities: | ||
| Additions to property, plant and equipment | (77,376) | (30,467) |
| Purchases of short-term investments | (576,555) | (364,680) |
| Proceeds from sales of short-term investments | 15,840 | 23,164 |
| Proceeds from maturities of short-term investments | 378,279 | 354,613 |
| Proceeds from sale of property, plant and equipment | — | 1,666 |
| Net cash used in investing activities | (259,812) | (15,704) |
| Financing activities: | ||
| Principal payments on debt obligations | (912) | (1,361) |
| Tax withholding on stock-based awards | (17,634) | (3,642) |
| Net cash used in financing activities | (18,546) | (5,003) |
| Net change in cash, cash equivalents and restricted cash | (280,267) | (83,905) |
| Cash, cash equivalents and restricted cash beginning balance | 1,167,359 | 283,603 |
| Cash, cash equivalents and restricted cash ending balance | $887,092 | $199,698 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $886,277 | $198,343 |
| Restricted cash, current | 815 | 815 |
| Restricted cash, non-current | — | 540 |
| Total cash, cash equivalents and restricted cash | $887,092 | $199,698 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.