USA Rare Earth, Inc.
For the period ended Mar 31, 2026. Filed May 14, 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 14, 2026
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 Stockholders’
Condensed Consolidated Statements of Stockholders' Equity
| Three Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | |||||
| Shares · Amount · Shares · Amount | ||||||
| (In thousands) | ||||||
| Common Stock | ||||||
| Beginning balance | 148,055 | $15 | 60,091 | $6 | ||
| USARE LLC Convertible Preferred unit dividends | — | — | 182 | — | ||
| Shares issued in reverse merger recapitalization | — | — | 21,679 | 2 | ||
| Investor warrants exercised | 10 | — | — | — | ||
| PIPE financing | 69,767 | 7 | — | — | ||
| Other issuances | 144 | — | — | — | ||
| Ending balance | 217,976 | $22 | 81,952 | $8 | ||
| Additional Paid-In Capital | ||||||
| Beginning balance | $879,848 | $104,244 | ||||
| Equity-based compensation | 4,939 | 241 | ||||
| Deemed dividend - preferred accretion to redemption value | (709) | (107) | ||||
| Warrant exercises | 255 | — | ||||
| PIPE financing | 1,499,993 | — | ||||
| PIPE financing costs | (51,003) | — | ||||
| Earnout liability | — | (99,639) | ||||
| Forward purchase agreement | — | (219) | ||||
| Transaction bonus | — | 841 | ||||
| Extinguishment of note payable | — | 1,506 | ||||
| Reverse recapitalization | — | (6,843) | ||||
| Other | (411) | — | ||||
| Ending balance | $2,332,912 | $24 | ||||
| Accumulated Other Comprehensive Loss | ||||||
| Beginning balance | $130 | $— | ||||
| Translation adjustment | (330) | — | ||||
| Ending balance | $(200) | $— | ||||
| Subscription Receivable | ||||||
| Beginning balance | $— | $— | ||||
| Forward purchase agreements prepayment | — | (20,389) | ||||
| Early termination of forward purchase agreements | — | 3,271 | ||||
| Accretion of forward purchase agreements | — | (69) | ||||
| Ending balance | $— | $(17,187) | ||||
| Accumulated Deficit | ||||||
| Beginning balance | $(387,360) | $(72,872) | ||||
| Shares issued in reverse merger recapitalization | — | (16,954) | ||||
| Net (loss) income attributable to USA Rare Earth, Inc. | (66,989) | 51,832 | ||||
| Ending balance | $(454,349) | $(37,994) | ||||
| Non-Controlling Interest | ||||||
| Beginning balance | $1,653 | $2,643 | ||||
| Net loss attributable to non-controlling interest | (1,079) | (150) | ||||
| Ending balance | $574 | $2,493 | ||||
| Total Stockholders’ Equity (Deficit) | ||||||
| Beginning balance | 148,055 | $494,286 | 60,091 | $34,021 | ||
| Ending balance | 217,976 | 1,878,959 | 81,952 | (52,656) | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.