USA Rare Earth, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 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.
Jun 30, 2025 · Filed Aug 11, 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
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024* | 2025 | 2024* | |
| (in thousands, except per share) | ||||
| Operating expenses: | ||||
| Selling, general and administrative | $6,227 | $1,286 | $13,256 | $3,933 |
| Research and development | 2,577 | 1,725 | 4,266 | 3,776 |
| Total operating expenses | 8,804 | 3,011 | 17,522 | 7,709 |
| Loss from operations | (8,804) | (3,011) | (17,522) | (7,709) |
| Other income (expense): | ||||
| Interest and dividend | 765 | 45 | 952 | 154 |
| (Loss) gain on fair market value of financial instruments | (134,662) | 229 | (74,362) | 230 |
| Interest expense and other income (loss), net | (12) | (82) | (99) | (166) |
| Total other income (loss), net | (133,909) | 192 | (73,509) | 218 |
| Net loss | (142,713) | (2,819) | (91,031) | (7,491) |
| Net loss attributable to non-controlling interest | (207) | (222) | (357) | (422) |
| Net loss attributable to common stockholders | $(142,506) | $(2,597) | $(90,674) | $(7,069) |
| Net loss per share: | ||||
| Basic and diluted | $(1.54) | $(0.04) | $(0.99) | $(0.12) |
| Number of shares used in per share calculations: | ||||
| Basic and diluted | 92,769 | 59,425 | 91,598 | 59,319 |
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