MP Materials (MP) Accumulated Expenses (2022 - 2026)

MP Materials (MP) reported Accumulated Expenses of $99.4 million for Q1 2026, up 43.78% on a YoY basis from $69.1 million in Q1 2025, and up 4.55% quarter-over-quarter from $95.1 million in Q4 2025.

MP Materials (MP) Accumulated Expenses (2022 - 2026) Analysis & Trends

MP Materials has reported Accumulated Expenses for 5 years, with the latest figure at $99.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Accumulated Expenses rose 43.78% year-over-year to $99.4 million; the trailing twelve-month figure through Mar 2026 stood at $99.4 million (up 43.78% YoY), and the FY2025 full-year result was $95.1 million, up 46.9% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $99.4 million, up from $95.1 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $99.4 million in Q1 2026, with the low at $56.9 million in Q4 2022.
  • Historically, Accumulated Expenses has averaged $75.2 million across 5 years, with a median of $74.0 million in 2024.
  • Annual changes were most pronounced in 2024 — Accumulated Expenses dropped 12.46% — and 2025, when it jumped 46.9%.
  • MP Materials' Accumulated Expenses stood at $56.9 million in 2022, then advanced by 29.86% to $73.9 million in 2023, then retreated by 12.46% to $64.7 million in 2024, then soared by 46.9% to $95.1 million in 2025, then increased by 4.55% to $99.4 million in 2026.
  • The last three Accumulated Expenses figures came in at $99.4 million (Q1 2026), $95.1 million (Q4 2025), and $78.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn -
2 Bhp 421.29 Bn 411.77 Bn -
3 Skeena Resources 17.36 Bn 17.34 Bn -
4 Ioneer 10.78 Bn 10.76 Bn -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn
6 Iperionx 8.57 Bn 8.52 Bn -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn
10 USA Rare Earth 2.20 Bn 2.20 Bn -

Historic Data

Download Data
DateValue
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