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| Date | Value |
|---|---|
| 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 |