MP Materials (MP) Change in Inventory (2020 - 2026)

MP Materials (MP) reported Change in Inventory of $8.9 million for Q1 2026, down 71.54% on a YoY basis from $31.1 million in Q1 2025, and down 71.4% quarter-over-quarter from $31.0 million in Q4 2025.

MP Materials (MP) Change in Inventory (2020 - 2026) Analysis & Trends

MP Materials has reported Change in Inventory for 7 years, with the latest figure at $8.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Inventory fell 71.54% year-over-year to $8.9 million; the trailing twelve-month figure through Mar 2026 stood at $92.8 million (up 79.45% YoY), and the FY2025 full-year result was $115.0 million, up 176.91% from the prior year.
  • Change in Inventory for Q1 2026 stood at $8.9 million, down from $31.0 million in the prior quarter.
  • The five-year high for Change in Inventory was $31.6 million in Q3 2025, with the low at -$1.3 million in Q4 2024.
  • Historically, Change in Inventory has averaged $13.9 million across 5 years, with a median of $14.1 million in 2023.
  • Annual changes were most pronounced in 2024 — Change in Inventory sank 106.08% — and 2025, when it surged 2455.48%.
  • MP Materials' Change in Inventory stood at $1.9 million in 2022, then soared by 1020.38% to $21.6 million in 2023, then slumped by 106.08% to -$1.3 million in 2024, then surged by 2455.48% to $31.0 million in 2025, then sank by 71.4% to $8.9 million in 2026.
  • The last three Change in Inventory figures came in at $8.9 million (Q1 2026), $31.0 million (Q4 2025), and $31.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - 5.82 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 8.85 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 28.92 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 -559,000.00
10 USA Rare Earth 2.20 Bn 2.20 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 8.85 Mn
Mar 31, 2026 8.85 Mn
Dec 31, 2025 30.95 Mn
Dec 31, 2025 30.95 Mn
Sep 30, 2025 31.63 Mn
Sep 30, 2025 31.63 Mn
Jun 30, 2025 21.34 Mn
Jun 30, 2025 21.34 Mn
Mar 31, 2025 31.10 Mn
Mar 31, 2025 31.10 Mn
Dec 31, 2024 -1.31 Mn
Dec 31, 2024 -1.31 Mn
Sep 30, 2024 1.31 Mn
Sep 30, 2024 1.31 Mn
Jun 30, 2024 20.60 Mn
Jun 30, 2024 20.60 Mn
Mar 31, 2024 20.94 Mn
Mar 31, 2024 20.94 Mn
Dec 31, 2023 21.60 Mn
Dec 31, 2023 21.60 Mn