USA Rare Earth, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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, 2025 · Filed Nov 6, 2025
USAR$7.92-9.6%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
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024* | 2025 | 2024* | |
| (in thousands, except per share) | ||||
| Operating expenses: | ||||
| Selling, general and administrative | $11,410 | $797 | $24,666 | $4,730 |
| Research and development | 4,451 | 1,162 | 8,717 | 4,938 |
| Total operating expenses | 15,861 | 1,959 | 33,383 | 9,668 |
| Loss from operations | (15,861) | (1,959) | (33,383) | (9,668) |
| Other (expense) income, net: | ||||
| Interest and dividend income | 1,310 | 23 | 2,262 | 177 |
| (Loss) gain on fair market value of financial instruments | (142,426) | 135 | (216,788) | 365 |
| Interest expense and other income (loss), net | (17) | (207) | (116) | (373) |
| Total other (expense) income, net | (141,133) | (49) | (214,642) | 169 |
| Net loss | (156,994) | (2,008) | (248,025) | (9,499) |
| Net loss attributable to non-controlling interest | (314) | (139) | (671) | (561) |
| Net loss attributable to USA Rare Earth, Inc. | $(156,680) | $(1,869) | $(247,354) | $(8,938) |
| Net loss per share attributable to USA Rare Earth, Inc.: | ||||
| Basic and diluted | $(1.64) | $(0.03) | $(2.83) | $(0.15) |
| Number of shares used in per share calculations: | ||||
| Basic and diluted | 102,589 | 59,497 | 95,609 | 59,429 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.