MP Materials Corp. / DE
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Nov 6, 2026
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 Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (U.S. dollars in thousands, except share and per share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $260,336 | $1,166,011 |
| Short-term investments | 1,077,575 | 664,275 |
| Total cash, cash equivalents and short-term investments | 1,337,911 | 1,830,286 |
| Trade accounts receivable, net of allowance for credit losses of $0 and $0, respectively | 64,074 | 14,642 |
| Other receivables | 57,638 | 132,042 |
| Inventories | 176,139 | 171,560 |
| Prepaid expenses and other current assets | 19,082 | 17,271 |
| Total current assets | 1,654,844 | 2,165,801 |
| Non-current assets | ||
| Property, plant and equipment, net | 1,757,949 | 1,369,817 |
| Inventories | 117,032 | 80,539 |
| Price protection agreement upfront asset, net | 176,759 | 209,668 |
| Other non-current assets | 79,903 | 38,335 |
| Total non-current assets | 2,131,643 | 1,698,359 |
| Total assets | $3,786,487 | $3,864,160 |
| Liabilities, redeemable preferred stock and stockholders’ equity | ||
| Current liabilities | ||
| Accounts and construction payable | $80,184 | $36,655 |
| Accrued liabilities | 109,650 | 95,086 |
| Current portion of long-term debt | — | 67,411 |
| Deferred revenue | 32,304 | 74,301 |
| Other current liabilities | 22,849 | 25,596 |
| Total current liabilities | 244,987 | 299,049 |
| Non-current liabilities | ||
| Long-term debt, net of current portion | 936,253 | 931,330 |
| Deferred revenue | 88,121 | 83,889 |
| Deferred government grant | 26,410 | 22,101 |
| Deferred investment tax credit | 32,411 | 26,860 |
| Deferred income taxes | 23,614 | 51,558 |
| Other non-current liabilities | 70,981 | 57,005 |
| Total non-current liabilities | 1,177,790 | 1,172,743 |
| Total liabilities | 1,422,777 | 1,471,792 |
| Commitments and contingencies (Note 11) | ||
| Redeemable preferred stock: | ||
| Series A cumulative perpetual convertible preferred stock ($0.0001 par value, 400,000 shares authorized, issued and outstanding as of September 30, 2026, and December 31, 2025, respectively; aggregate liquidation preference of $435,580 and $413,489 as of September 30, 2026 and December 31, 2025, respectively) | 413,611 | 413,611 |
| Stockholders’ equity: | ||
| Preferred stock, undesignated ($0.0001 par value, 49,600,000 shares authorized as of September 30, 2026, and December 31, 2025, respectively, zero issued and outstanding in either period) | — | — |
| Common stock ($0.0001 par value, 450,000,000 shares authorized, 193,484,771 and 192,607,429 shares issued, and 178,234,989 and 177,357,647 shares outstanding, as of September 30, 2026, and December 31, 2025, respectively) | 19 | 19 |
| Additional paid-in capital | 1,992,468 | 1,970,970 |
| Retained earnings | 185,454 | 234,428 |
| Accumulated other comprehensive income (loss) | (795) | 387 |
| Treasury stock, at cost, 15,249,782 shares for both periods | (227,047) | (227,047) |
| Total stockholders’ equity | 1,950,099 | 1,978,757 |
| Total liabilities, redeemable preferred stock and stockholders’ equity | $3,786,487 | $3,864,160 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.