Cash flow USA Rare Earth, Inc.

Stocks

USAR

US91733P1075

Non-Gold Precious Metals & Minerals

Real-time Estimate Cboe BZX Other stock markets 09:43:11 2026-07-10 am EDT			5-day change	1st Jan Change
18.60 ^USD	-1.40%		-1.46%	+58.57%

Jun. 29	USA Rare Earth, Inc.(NasdaqGM:USAR) dropped from Russell Small Cap Comp Value Benchmark	CI
Jun. 29	USA Rare Earth, Inc.(NasdaqGM:USAR) dropped from Russell 3000E Value Benchmark	CI

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Published financial data: USA RARE EARTH, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022	2023	2024	2025
Revenues	-	-	-	1.64M
Total Revenues	-	-	-	1.64M
Cost of Goods Sold, Total	-	-	-	1.45M
Gross Profit	-	-	-	195K
Selling General & Admin Expenses, Total	18.15M	19.71M	12.23M	31.34M
Exploration / Drilling Costs, Total	4M	1.76M	1.08M	-
Stock-Based Compensation (IS)	1.62M	1.37M	1.74M	-
R&D Expenses	271K	1.64M	303K	15.73M
Depreciation & Amortization - (IS)	210K	308K	235K	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	678K
Other Operating Expenses, Total	24.26M	24.79M	15.58M	47.74M
Operating Income	-24.26M	-24.79M	-15.58M	-47.55M
Interest Expense, Total	-	-135K	-319K	-139K
Interest And Investment Income	72K	421K	285K	5.45M
Net Interest Expenses	72K	286K	-34K	5.31M
Other Non Operating Income (Expenses)	-	-	-368K	-244M
EBT, Excl. Unusual Items	-24.19M	-24.51M	-15.99M	-287M
Merger & Related Restructuring Charges	-	-	-	-8.1M
Gain (Loss) On Sale Of Investments	-1.35M	-879K	-405K	-
Legal Settlements	-	-	-	-2.25M
Other Unusual Items	-	16.85M	-	-1.6M
EBT, Incl. Unusual Items	-25.54M	-8.54M	-16.39M	-299M
Income Tax Expense	-	-	-	-160K
Earnings From Continuing Operations	-25.54M	-8.54M	-16.39M	-299M
Net Income to Company	-25.54M	-8.54M	-16.39M	-299M
Minority Interest	1.7M	1.12M	657K	965K
Net Income - (IS)	-23.84M	-7.42M	-15.74M	-298M
Preferred Dividend and Other Adjustments	6.36M	5.65M	8.17M	26.95M
Net Income to Common Incl Extra Items	-30.21M	-13.06M	-23.9M	-325M
Net Income to Common Excl. Extra Items	-30.21M	-13.06M	-23.9M	-325M
Per Share Items
Net EPS - Basic	-0.14	-0.06	-0.11	-3.31
Basic EPS - Continuing Operations	-0.14	-0.06	-0.11	-3.31
Basic Weighted Average Shares Outstanding	217M	218M	227M	98.02M
Net EPS - Diluted	-0.14	-0.06	-0.11	-3.31
Diluted EPS - Continuing Operations	-0.14	-0.06	-0.11	-3.31
Diluted Weighted Average Shares Outstanding	217M	218M	227M	98.02M
Normalized Basic EPS	-0.06	-0.07	-0.04	-1.82
Normalized Diluted EPS	-0.06	-0.07	-0.04	-1.82
Supplemental Items
EBITDA	-24.05M	-24.48M	-15.35M	-46.3M
EBITA	-24.26M	-24.79M	-15.58M	-46.87M
EBIT	-24.26M	-24.79M	-15.58M	-47.55M
EBITDAR	-23.28M	-23.17M	-14.63M	-46.14M
Effective Tax Rate - (Ratio)	-	-	-	0.05
Current Foreign Taxes	-	-	-	2K
Total Current Taxes	-	-	-	2K
Deferred Foreign Taxes	-	-	-	-162K
Total Deferred Taxes	-	-	-	-162K
Normalized Net Income	-13.42M	-14.19M	-9.33M	-178M
Interest on Long-Term Debt	-	-	-	34K
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	800K
Selling and Marketing Expenses	-	-	-	800K
General and Administrative Expenses	7.98M	7.38M	5.49M	-
Research And Development Expense From Footnotes	271K	1.64M	303K	15.88M
Exploration/Drilling Costs	4M	1.76M	1.08M	-
Net Rental Expense, Total	771K	1.32M	722K	158K
Imputed Operating Lease Interest Expense	-	128K	1.89M	90.1K
Imputed Operating Lease Depreciation	-	1.19M	-1.17M	67.9K
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	5.24M
Stock-Based Comp., Other (Total)	3.23M	1.37M	1.74M	3.52M
Total Stock-Based Compensation	3.23M	1.37M	1.74M	8.76M

Fiscal Period: December	2022	2023	2024	2025
Assets
Cash And Equivalents	26.97M	13.2M	16.76M	360M
Total Cash And Short Term Investments	26.97M	13.2M	16.76M	360M
Accounts Receivable, Total	-	-	-	3.76M
Total Receivables	-	-	-	3.76M
Inventory	-	-	-	18.54M
Prepaid Expenses	349K	437K	378K	728K
Other Current Assets, Total	-	-	5.16M	2.42M
Total Current Assets	27.32M	13.64M	22.3M	385M
Gross Property Plant And Equipment	39.18M	42.29M	44.86M	106M
Accumulated Depreciation	-661K	-1.22M	-1.2M	-1.83M
Net Property Plant And Equipment	38.52M	41.07M	43.65M	104M
Long-term Investments	945K	40K	-	-
Goodwill	-	-	-	135M
Other Intangibles, Total	-	-	-	68.61M
Other Long-Term Assets, Total	70K	2.64M	3.11M	2.06M
Total Assets	66.86M	57.38M	69.07M	695M
Liabilities
Accounts Payable, Total	2.38M	385K	1.82M	11.07M
Accrued Expenses, Total	7.91M	4.76M	3.07M	4.33M
Current Portion of Long-Term Debt	-	-	831K	1.85M
Current Portion of Leases	442K	452K	23K	420K
Unearned Revenue Current, Total	-	-	-	10.5M
Other Current Liabilities	-	-	1.18M	9.75M
Total Current Liabilities	10.74M	5.6M	6.92M	37.91M
Long-Term Debt	20.24M	620K	-	-
Long-Term Leases	460K	21K	-	777K
Unearned Revenue Non Current	3.37M	8.2M	8.2M	8.2M
Deferred Tax Liability Non Current	-	-	-	16.72M
Other Non Current Liabilities	-	464K	-	128M
Total Liabilities	34.81M	14.9M	15.12M	192M
Preferred Stock Convertible	68.61M	86.48M	115M	8.9M
Preferred Stock - Others	-	-	-967K	-
Total Preferred Equity	68.61M	86.48M	114M	8.9M
Common Stock, Total	3.5M	6.89M	6.89M	15K
Additional Paid In Capital	-	-	3.51M	880M
Retained Earnings	-44.64M	-54.22M	-72.87M	-387M
Comprehensive Income and Other	-	-	-283K	130K
Total Common Equity	-41.13M	-47.33M	-62.75M	493M
Minority Interest	4.57M	3.33M	2.64M	1.65M
Total Equity	32.04M	42.48M	53.94M	503M
Total Liabilities And Equity	66.86M	57.38M	69.07M	695M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	217M	228M	227M	218M
ECS Total Common Shares Outstanding	217M	228M	227M	148M
Book Value / Share	-0.19	-0.21	-0.28	3.33
Tangible Book Value	-41.13M	-47.33M	-62.75M	289M
Tangible Book Value Per Share	-0.19	-0.21	-0.28	1.95
Total Debt	21.14M	1.09M	854K	3.05M
Net Debt	-5.83M	-12.11M	-15.91M	-357M
Debt Equivalent Oper. Leases	6.17M	10.52M	5.78M	1.26M
Minority Interest, Total (Incl. Fin. Div)	4.57M	3.33M	2.64M	1.65M
Account Code - Inventory Valuation	-	3	3	6
Inventories - Raw Materials, Total	-	-	-	16.53M
Inventories - Work In Process, Total	-	-	-	772K
Inventories - Finished Goods, Total	-	-	-	1.23M
Land - (BS)	703K	707K	707K	707K
Buildings, Total	-	-	-	9.6M
Machinery, Total	590K	607K	500K	16.19M
Full Time Employees	-	41	30	132

Fiscal Period: December	2022	2023	2024	2025
Net Income	-23.84M	-7.42M	-15.74M	-298M
Depreciation & Amortization - CF	671K	718K	389K	908K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	678K
Depreciation & Amortization, Total	671K	718K	389K	1.59M
Amortization of Deferred Charges, Total - (CF)	-	66K	211K	-
(Gain) Loss From Sale Of Asset	-	-	39K	-
(Gain) Loss on Sale of Investments - (CF)	1.35M	879K	405K	-
Stock-Based Compensation (CF)	1.62M	1.37M	1.74M	8.76M
Other Operating Activities, Total	-88K	-17.96M	-178K	247M
Change In Accounts Receivable	-	-	-	-599K
Change In Inventories	-	-	-	-3.21M
Change In Accounts Payable	320K	-2M	1.09M	-5.49M
Change in Unearned Revenues	3.37M	4.83M	-	-476K
Change In Deferred Taxes	-	-	-	-161K
Change in Other Net Operating Assets	1.8M	-2.42M	-950K	1.59M
Cash from Operations	-14.8M	-21.93M	-12.99M	-48.98M
Capital Expenditure	-15.15M	-5.96M	-3.28M	-37.36M
Cash Acquisitions	-	-	-	-102M
Cash from Investing	-15.15M	-5.96M	-3.28M	-140M
Long-Term Debt Issued, Total	-	1M	-	357K
Total Debt Issued	-	1M	-	357K
Issuance of Common Stock	20.24M	-	-	494M
Issuance of Preferred Stock	-	13.3M	25.5M	23.25M
Repurchase of Preferred Stock	-	-191K	-	-
Other Financing Activities, Total	2.02M	-	-5.66M	14.19M
Cash from Financing	22.26M	14.11M	19.84M	532M
Net Change in Cash	-7.7M	-13.77M	3.56M	343M
Supplemental Items
Cash Interest Paid	-	-	-	17K
Levered Free Cash Flow	-	-24.62M	-14.99M	-47.18M
Unlevered Free Cash Flow	-	-24.6M	-15M	-47.1M
Change In Net Working Capital	-	5.24M	4.1M	-9.63M
Net Debt Issued / Repaid	-	1M	-	357K

Fiscal Period: December	2022	2023	2024	2025
Profitability
Return on Assets	-	-24.94	-15.41	-7.78
Return on Total Capital	-	-32.03	-19.8	-10.59
Return On Equity %	-	-22.91	-34	-107.16
Return on Common Equity	-	29.53	43.43	-123.86
Margin Analysis
Gross Profit Margin %	-	-	-	11.87
SG&A Margin	-	-	-	1.91K
EBITDA Margin %	-	-	-	-2.82K
EBITA Margin %	-	-	-	-2.85K
EBIT Margin %	-	-	-	-2.89K
Income From Continuing Operations Margin %	-	-	-	-18.17K
Net Income Margin %	-	-	-	-18.11K
Net Avail. For Common Margin %	-	-	-	-19.75K
Normalized Net Income Margin	-	-	-	-10.85K
Levered Free Cash Flow Margin	-	-	-	-2.87K
Unlevered Free Cash Flow Margin	-	-	-	-2.87K
Asset Turnover
Asset Turnover	-	-	-	0
Fixed Assets Turnover	-	-	-	0.02
Short Term Liquidity
Current Ratio	2.54	2.44	3.22	10.17
Quick Ratio	2.51	2.36	2.42	9.59
Operating Cash Flow to Current Liabilities	-1.38	-3.92	-1.88	-1.29
Long Term Solvency
Total Debt/Equity	65.98	2.57	1.58	0.61
Total Debt / Total Capital	39.75	2.51	1.56	0.6
LT Debt/Equity	64.6	1.51	-	0.15
Long-Term Debt / Total Capital	38.92	1.47	-	0.15
Total Liabilities / Total Assets	52.07	25.97	21.9	27.6
EBIT / Interest Expense	-	-183.65	-48.86	-342.08
EBITDA / Interest Expense	-	-171.63	-45.86	-331.94
(EBITDA - Capex) / Interest Expense	-	-215.75	-56.15	-600.71
Total Debt / EBITDA	-0.91	-0.05	-0.06	-0.07
Net Debt / EBITDA	0.25	0.52	1.09	7.73
Total Debt / (EBITDA - Capex)	-0.55	-0.04	-0.05	-0.04
Net Debt / (EBITDA - Capex)	0.15	0.42	0.89	4.27
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-	1.8	-37.31	201.62
EBITA, 1 Yr. Growth %	-	2.19	-37.14	200.74
EBIT, 1 Yr. Growth %	-	2.19	-37.14	205.09
Earnings From Cont. Operations, 1 Yr. Growth %	-	-66.57	91.99	1.72K
Net Income, 1 Yr. Growth %	-	-68.9	112.2	1.79K
Normalized Net Income, 1 Yr. Growth %	-	5.74	-36.68	1.81K
Diluted EPS Before Extra, 1 Yr. Growth %	-	-57.04	74.75	724.55
Net Property, Plant and Equip., 1 Yr. Growth %	-	6.62	6.29	138.32
Total Assets, 1 Yr. Growth %	-	-14.16	20.36	906.24
Tangible Book Value, 1 Yr. Growth %	-	15.06	32.59	821.58
Common Equity, 1 Yr. Growth %	-	15.06	32.59	1.47K
Cash From Operations, 1 Yr. Growth %	-	48.16	-40.76	277.07
Capital Expenditures, 1 Yr. Growth %	-	-60.7	-44.85	1.1K
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-39.19	219.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-39.18	218.32
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	-	-20.11	37.51
EBITA, 2 Yr. CAGR %	-	-	-19.85	37.5
EBIT, 2 Yr. CAGR %	-	-	-19.85	38.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-19.88	491.3
Net Income, 2 Yr. CAGR %	-	-	-18.76	533.48
Normalized Net Income, 2 Yr. CAGR %	-	-	-16.61	247.7
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-13.14	235.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	6.46	59.22
Total Assets, 2 Yr. CAGR %	-	-	1.64	248.01
Tangible Book Value, 2 Yr. CAGR %	-	-	23.51	171.77
Common Equity, 2 Yr. CAGR %	-	-	23.51	254.71
Cash From Operations, 2 Yr. CAGR %	-	-	-6.31	49.46
Capital Expenditures, 2 Yr. CAGR %	-	-	-53.44	150.45
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	38.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	38.17
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-	-	24.4
EBITA, 3 Yr. CAGR %	-	-	-	24.54
EBIT, 3 Yr. CAGR %	-	-	-	25.14
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	126.95
Net Income, 3 Yr. CAGR %	-	-	-	131.95
Normalized Net Income, 3 Yr. CAGR %	-	-	-	136.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	187.45
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	39.29
Total Assets, 3 Yr. CAGR %	-	-	-	118.25
Tangible Book Value, 3 Yr. CAGR %	-	-	-	91.57
Common Equity, 3 Yr. CAGR %	-	-	-	128.79
Cash From Operations, 3 Yr. CAGR %	-	-	-	49.03
Capital Expenditures, 3 Yr. CAGR %	-	-	-	35.09