MPMP Materials Corp.

$59.30

Is it safe?

Can MP take a bad year?

MP Materials Corp. holds $518M more cash than debt, and is burning $126M a quarter, about 2.9 years of cover.

$518M

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Altman Z-score
3.75

Altman Z-score · safe zone, above 3

Cash runway
2.9 years

Cash runway · burning $126M a quarter at the current rate

Details
Total debtQ2 2026
$935M
Cash and short-term investments
$1.45B
Net cash
$518M
EBITDA, trailing twelve months
−$12M
Operating profit, trailing twelve months
−$127M
Debt / equity
0.48×
Annualised volatilitytwo years of daily moves
83%
Worst drawdown on file
−82%
Below its 52-week high
−40%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.