MPMP Materials Corp.
$46.15-37% 1Y
$46.15
$41.3052 weeks$98.65
The financials
MP Materials Corp. by the numbers
MP Materials Corp. (MP) reported revenue of $108M in Q2 2026 (quarter ended Jun 30, 2026), up 89% from the same quarter a year earlier. That came with a gross margin of 33% and net loss of $20M. For the full year FY2025, revenue was $224M (+10% year on year) and net income −$86M. Its largest product in Q2 2026 was Nd Pr Oxide And Metal at $94M, 84% of the disclosed total, well ahead of Magnetic Precursor Products at 15%. The next results filing is expected around Nov 5, 2026, the same week as a year ago.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $108M | $57M | +89% |
| Gross profit | $36M | $7.0M | +420% |
| Operating income | −$32M | −$44M | n/a |
| Net income | −$20M | −$31M | n/a |
| Diluted EPS | −$0.11 | −$0.19 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Nd Pr Oxide And Metal | $94M | 84% |
| Magnetic Precursor Products | $17M | 15% |
| Other | $1.2M | 1.1% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $112.2M (+20%)
Nd Pr Oxide And Metal grew +277% year on yearRare Earth Concentrate -100% year on year
Segment Latestquarter on quarteryear on year
- Nd Pr Oxide And Metal$94.4M$94.4Mquarter on quarter +33%year on year +277%+33%+277%
- Magnetic Precursor Products$16.5M$16.5Mquarter on quarter -22%year on year -17%-22%-17%
- Other$1.2M$1.2Mquarter on quarter +15%year on year +96%+15%+96%
- Rare Earth Concentrate$0.00$0.00quarter on quarter n/ayear on year -100%n/a-100%
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