MP Materials (MP) Cost of Revenue (2020 - 2026)

MP Materials has reported Cost of Revenue for 7 years, with the latest figure at $74.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 52.04% year-over-year to $74.2 million; the trailing twelve-month figure through Mar 2026 stood at $218.2 million (up 6.01% YoY), and the FY2025 full-year result was $192.8 million, changed 0.11% from the prior year.
• Cost of Revenue for Q1 2026 stood at $74.2 million, up from $45.0 million in the prior quarter.
• The five-year high for Cost of Revenue was $74.2 million in Q1 2026, with the low at $22.1 million in Q2 2022.
• Historically, Cost of Revenue has averaged $37.9 million across 5 years, with a median of $35.6 million in 2024.
• Annual changes were most pronounced in 2024 — Cost of Revenue soared 157.76% — and 2025, when it decreased 22.68%.
• MP Materials' Cost of Revenue stood at $24.5 million in 2022, then dropped by 3.91% to $23.6 million in 2023, then soared by 147.12% to $58.3 million in 2024, then declined by 22.68% to $45.0 million in 2025, then surged by 64.81% to $74.2 million in 2026.
• The last three Cost of Revenue figures came in at $74.2 million (Q1 2026), $45.0 million (Q4 2025), and $48.5 million (Q3 2025), per Business Quant data.