MP Materials Earnings Reports

MP Materials delivered strong execution in Q1 2025 with a 25% increase in total revenue year over year, driven by higher production and sales volumes of separated rare earth products, particularly NdPr oxide and metal. The company also began recognizing revenue from its new Magnetics division.

MP Materials reported Q4 2024 revenue of $61.0 million, up 48% year-over-year. The company produced 11,478 metric tons of REO in concentrate and sold 7,803 metric tons. NdPr oxide and metal sales significantly increased, with 468 metric tons sold, but higher production costs and lower realized prices led to a net loss of $22.3 million and an adjusted net loss of $18.9 million. The company also commenced commercial production of NdPr metal and trial production of automotive-grade magnets.

MP Materials reported a 20% year-over-year increase in revenue to $62.9 million, driven by increased NdPr sales volumes and a rise in REO concentrate sales volumes. The company achieved record REO production of 13,742 metric tons. However, the company experienced a net loss of $25.5 million and an adjusted EBITDA of $(11.2) million, impacted by higher cost of sales and increased operating expenses.