MP Materials (MP) Accumulated Expenses (2022 - 2026)
MP Materials (MP) reported Accumulated Expenses of $60.33 million for Q2 2026, down 19.0% from $74.45 million a year earlier and down 39.3% from the prior quarter.
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Analysis
MP Materials (MP) Accumulated Expenses (2022 - 2026) Analysis & Trends
At the end of FY2025, MP Materials posted Accumulated Expenses of $95.09 million, up 46.9% from FY2024.
- Accumulated Expenses has a three-year compound annual growth rate of 18.6% (FY2022 to FY2025).
- By year, Accumulated Expenses came in at $64.73 million in FY2024 (-12.5%), $73.94 million in FY2023 (+29.9%) and $56.94 million in FY2022.
- The Q2 2026 figure ranks as the lowest quarterly Accumulated Expenses since Q4 2022.
- Year over year, Accumulated Expenses gained in three of the last seven quarters, with growth averaging 10.0%.
- The high point for year-over-year Accumulated Expenses in five years was Q4 2025 (growth of 46.9%); the low point was Q2 2026 (a decline of 19.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $99.41 million (Q1 2026), $95.09 million (Q4 2025) and $77.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - |
| 10 | MP Materials | 8.42 Bn | 6.97 Bn | 36.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.33 Mn |
| Mar 31, 2026 | 99.41 Mn |
| Dec 31, 2025 | 95.09 Mn |
| Sep 30, 2025 | 77.98 Mn |
| Jun 30, 2025 | 74.45 Mn |
| Mar 31, 2025 | 69.14 Mn |
| Dec 31, 2024 | 64.73 Mn |
| Sep 30, 2024 | 66.22 Mn |
| Jun 30, 2024 | 74.94 Mn |
| Mar 31, 2024 | 73.99 Mn |
| Dec 31, 2023 | 73.94 Mn |
| Dec 31, 2022 | 56.94 Mn |
API Access
MP Materials Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "MP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();