Growth Metrics

MP Materials (MP) Cost of Revenue (2020 - 2025)

MP Materials (MP) has disclosed Cost of Revenue for 6 consecutive years, with $45.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue fell 22.68% year-over-year to $45.0 million, compared with a TTM value of $192.8 million through Dec 2025, changed 0.11%, and an annual FY2025 reading of $192.8 million, changed 0.11% over the prior year.
  • Cost of Revenue was $45.0 million for Q4 2025 at MP Materials, down from $48.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $58.3 million in Q4 2024 and bottomed at -$65.8 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $27.8 million, with a median of $23.4 million recorded in 2022.
  • The sharpest move saw Cost of Revenue soared 3582.96% in 2021, then crashed 456.62% in 2022.
  • Year by year, Cost of Revenue stood at $18.5 million in 2021, then plummeted by 456.62% to -$65.8 million in 2022, then surged by 135.82% to $23.6 million in 2023, then surged by 147.12% to $58.3 million in 2024, then dropped by 22.68% to $45.0 million in 2025.
  • Business Quant data shows Cost of Revenue for MP at $45.0 million in Q4 2025, $48.5 million in Q3 2025, and $50.4 million in Q2 2025.