MP Materials (MP) Financial Statements
Price: $25.16
Market Cap: $4.11B
Avg Volume: 3.30M
Market Cap: $4.11B
Avg Volume: 3.30M
Country: US
Industry: Industrial Materials
Sector: Basic Materials
Industry: Industrial Materials
Sector: Basic Materials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of MP Materials.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $203.85M | $253.44M | $527.51M | $331.95M | $134.31M | $73.41M | $67.42M |
| Cost of Revenue | $270.64M | $148.42M | $110.57M | $100.64M | $102.40M | $67.83M | $57.28M |
| Gross Profit | $-66.79M | $105.02M | $416.94M | $231.32M | $31.91M | $5.58M | $10.13M |
| Gross Profit Ratio | -32.76% | 41.40% | 79.04% | 69.70% | 23.76% | 7.60% | 15.03% |
| Research and Development Expenses | $9.31M | $3.50M | $11.82M | $4.57M | $140.00K | $- | $- |
| General and Administrative Expenses | $- | $- | $75.84M | $57.22M | $27.01M | $11.10M | $14.56M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $83.30M | $79.25M | $75.84M | $57.22M | $27.01M | $11.10M | $14.56M |
| Other Expenses | $10.03M | $- | $1.48M | $2.38M | $2.25M | $2.09M | $- |
| Operating Expenses | $102.64M | $82.74M | $89.13M | $64.16M | $29.26M | $13.20M | $18.58M |
| Cost and Expenses | $373.28M | $231.16M | $199.71M | $164.80M | $102.40M | $81.03M | $75.87M |
| Interest Income | $- | $326.00K | $19.83M | $353.00K | $163.00K | $461.00K | $5.02M |
| Interest Expense | $23.01M | $5.58M | $5.79M | $8.90M | $5.01M | $3.41M | $- |
| Depreciation and Amortization | $78.06M | $56.62M | $19.83M | $26.76M | $9.19M | $6.78M | $4.45M |
| EBITDA | $7.72M | $94.95M | $366.77M | $195.86M | $-25.27M | $3.44M | $-4.43M |
| EBITDA Ratio | 3.79% | 37.46% | 65.84% | 51.49% | 23.95% | 1.83% | -6.57% |
| Operating Income | $-169.43M | $22.28M | $327.41M | $165.34M | $25.23M | $-3.34M | $-8.88M |
| Operating Income Ratio | -83.11% | 8.79% | 62.07% | 49.81% | 18.79% | -4.55% | -13.18% |
| Total Other Income Expenses Net | $76.08M | $10.79M | $13.74M | $-5.15M | $-4.76M | $866.00K | $-4.58M |
| Income Before Tax | $-93.35M | $33.08M | $341.15M | $160.19M | $-39.46M | $-6.75M | $-13.46M |
| Income Before Tax Ratio | -45.79% | 13.05% | 64.67% | 48.26% | -29.38% | -9.20% | -19.97% |
| Income Tax Expense | $-27.92M | $8.77M | $52.15M | $25.16M | $-17.64M | $1.00K | $1.00K |
| Net Income | $-65.42M | $24.31M | $289.00M | $135.04M | $-21.82M | $-6.75M | $-13.47M |
| Net Income Ratio | -32.09% | 9.59% | 54.79% | 40.68% | -16.25% | -9.20% | -19.97% |
| EPS | $-0.20 | $0.14 | $1.64 | $0.78 | $-0.27 | $-0.10 | $-0.20 |
| EPS Diluted | $-0.20 | $0.14 | $1.52 | $0.73 | $-0.27 | $-0.10 | $-0.20 |
| Weighted Average Shares Outstanding | 166.84M | 177.18M | 176.52M | 173.47M | 79.69M | 66.56M | 66.56M |
| Weighted Average Shares Outstanding Diluted | 169.88M | 178.15M | 193.45M | 189.84M | 79.69M | 68.88M | 68.88M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $282.44M | $263.35M | $136.63M | $1.18B | $519.65M | $2.76M | $2.83M |
| Short Term Investments | $568.43M | $734.49M | $1.05B | $- | $- | $- | $- |
| Cash and Short Term Investments | $850.87M | $997.84M | $1.18B | $1.18B | $519.65M | $2.76M | $2.83M |
| Net Receivables | $18.87M | $29.33M | $32.86M | $51.01M | $3.59M | $370.00K | $225.00K |
| Inventory | $107.91M | $95.18M | $57.55M | $38.69M | $32.27M | $23.05M | $13.47M |
| Other Current Assets | $53.67M | $8.82M | $21.07M | $7.81M | $5.53M | $1.23M | $947.00K |
| Total Current Assets | $1.03B | $1.13B | $1.29B | $1.28B | $561.05M | $27.41M | $17.48M |
| Property Plant Equipment Net | $1.26B | $1.17B | $935.74M | $611.37M | $503.00M | $46.97M | $52.93M |
| Goodwill | $- | $- | $-684.00K | $- | $- | $- | $- |
| Intangible Assets | $7.37M | $8.88M | $89.00K | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $7.37M | $8.88M | $-595.00K | $-516.00K | $-9.10M | $-36.77M | $- |
| Long Term Investments | $- | $9.67M | $595.00K | $516.00K | $9.10M | $26.79M | $- |
| Tax Assets | $- | $- | $122.35M | $104.50M | $87.47M | $9.97M | $- |
| Other Non-Current Assets | $34.69M | $18.01M | $-114.14M | $-103.01M | $-77.23M | $27.41M | $25.86M |
| Total Non-Current Assets | $1.30B | $1.21B | $943.96M | $612.86M | $513.24M | $74.39M | $78.79M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B | $101.79M | $96.27M |
| Account Payables | $23.56M | $28.00M | $15.33M | $35.73M | $16.16M | $14.18M | $7.79M |
| Short Term Debt | $- | $- | $2.39M | $16.34M | $24.74M | $4.68M | $5.40M |
| Tax Payables | $4.04M | $- | $21.16M | $3.46M | $- | $- | $- |
| Deferred Revenue | $56.88M | $- | $122.35M | $3.46M | $-16.16M | $6.61M | $- |
| Other Current Liabilities | $79.54M | $80.56M | $58.60M | $4.01M | $2.16M | $-8.32M | $9.86M |
| Total Current Liabilities | $164.02M | $108.55M | $97.48M | $59.54M | $43.06M | $31.32M | $23.05M |
| Long Term Debt | $11.60M | $688.81M | $678.46M | $675.48M | $46.08M | $14.34M | $15.53M |
| Deferred Revenue Non-Current | $25.50M | $17.43M | $- | $34.21M | $42.17M | $28.93M | $- |
| Deferred Tax Liabilities Non-Current | $85.31M | $130.79M | $122.35M | $104.50M | $87.47M | $40.52M | $- |
| Other Non-Current Liabilities | $1.02B | $25.09M | $26.86M | $145.91M | $43.80M | $4.70M | $68.96M |
| Total Non-Current Liabilities | $1.11B | $862.12M | $827.67M | $821.39M | $177.35M | $88.50M | $84.49M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.28B | $970.67M | $925.15M | $880.93M | $220.41M | $119.82M | $107.54M |
| Preferred Stock | $- | $- | $- | $- | $0 | $- | $2.27M |
| Common Stock | $18.00K | $17.00K | $18.00K | $18.00K | $17.00K | $7.00K | $20.50M |
| Retained Earnings | $320.30M | $385.73M | $361.42M | $72.42M | $-62.62M | $-40.80M | $-34.04M |
| Accumulated Other Comprehensive Income Loss | $173.00K | $145.00K | $189.00K | $-0 | $-0 | $- | $- |
| Other Total Stockholders Equity | $734.39M | $979.89M | $951.01M | $936.30M | $916.48M | $22.77M | $- |
| Total Stockholders Equity | $1.05B | $1.37B | $1.31B | $1.01B | $853.88M | $-18.02M | $-11.27M |
| Total Equity | $1.05B | $1.37B | $1.31B | $1.01B | $853.88M | $-18.02M | $-11.27M |
| Total Liabilities and Stockholders Equity | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B | $101.79M | $96.27M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B | $101.79M | $96.27M |
| Total Investments | $568.43M | $744.17M | $1.05B | $516.00K | $9.10M | $26.79M | $- |
| Total Debt | $5.80M | $688.81M | $678.44M | $691.82M | $70.82M | $18.67M | $20.93M |
| Net Debt | $-276.64M | $425.46M | $541.82M | $-487.48M | $-448.84M | $15.91M | $18.09M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|
| Net Income | $-65.42M | $24.31M | $289.00M | $135.04M | $-21.82M | $-6.75M | $-13.47M |
| Depreciation and Amortization | $78.06M | $56.62M | $18.36M | $24.38M | $6.93M | $4.69M | $4.45M |
| Deferred Income Tax | $-27.77M | $8.46M | $17.79M | $17.43M | $-17.79M | $1.00K | $- |
| Stock Based Compensation | $23.18M | $25.24M | $31.78M | $22.93M | $5.01M | $- | $- |
| Change in Working Capital | $- | $-32.23M | $4.21M | $-34.29M | $-37.65M | $1.91M | $11.19M |
| Accounts Receivables | $-8.85M | $3.52M | $18.15M | $-47.42M | $-3.22M | $-145.00K | $4.67M |
| Inventory | $21.53M | $2.29M | $-24.31M | $-8.23M | $-9.22M | $-9.57M | $4.33M |
| Accounts Payables | $1.33M | $11.30M | $1.96M | $5.53M | $-3.85M | $6.25M | $- |
| Other Working Capital | $- | $-49.34M | $8.41M | $15.83M | $-21.36M | $5.38M | $2.19M |
| Other Non Cash Items | $5.31M | $-19.69M | $-17.62M | $-63.52M | $68.60M | $4.41M | $18.02M |
| Net Cash Provided by Operating Activities | $13.35M | $62.70M | $343.51M | $101.97M | $3.28M | $-437.00K | $20.20M |
| Investments in Property Plant and Equipment | $-186.42M | $-261.90M | $-326.60M | $-123.87M | $-22.37M | $-2.27M | $-7.79M |
| Acquisitions Net | $- | $-9.67M | $- | $125.00K | $- | $7.90M | $- |
| Purchases of Investments | $-1.57B | $-1.20B | $-2.78B | $- | $- | $- | $- |
| Sales Maturities of Investments | $1.76B | $1.52B | $1.74B | $- | $- | $- | $- |
| Other Investing Activities | $96.00K | $12.49M | $5.13M | $4.38M | $- | $7.90M | $1.91M |
| Net Cash Used for Investing Activities | $10.06M | $68.70M | $-1.36B | $-119.36M | $-22.37M | $5.62M | $-5.88M |
| Debt Repayment | $316.37M | $-2.73M | $-5.83M | $687.57M | $18.63M | $-4.10M | $- |
| Common Stock Issued | $- | $- | $- | $- | $544.71M | $- | $- |
| Common Stock Repurchased | $-225.07M | $-7.18M | $-18.36M | $-3.33M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-96.09M | $-7.18M | $-18.36M | $-21.46M | $-41.38M | $- | $-30.74M |
| Net Cash Used Provided by Financing Activities | $-4.79M | $-9.92M | $-24.19M | $666.11M | $521.96M | $-4.10M | $-30.74M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $18.61M | $121.48M | $-1.04B | $648.72M | $502.87M | $1.09M | $-16.42M |
| Cash at End of Period | $283.60M | $264.99M | $143.51M | $1.18B | $532.44M | $29.57M | $28.48M |
| Cash at Beginning of Period | $264.99M | $143.51M | $1.18B | $532.44M | $29.57M | $28.48M | $44.91M |
| Operating Cash Flow | $13.35M | $62.70M | $343.51M | $101.97M | $3.28M | $-437.00K | $20.20M |
| Capital Expenditure | $-186.42M | $-261.90M | $-326.60M | $-123.87M | $-22.37M | $-2.27M | $-7.79M |
| Free Cash Flow | $-173.07M | $-199.20M | $16.92M | $-21.90M | $-19.09M | $-2.71M | $12.41M |