Growth Metrics

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

MP Materials' Cost of Revenue history spans 6 years, with the latest figure at $45.0 million 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 for Q4 2025 was $45.0 million at MP Materials, down from $48.5 million in the prior quarter.
  • The five-year high for Cost of Revenue was $58.3 million in Q4 2024, with the low at $2.7 million in Q1 2023.
  • Average Cost of Revenue over 5 years is $31.3 million, with a median of $23.4 million recorded in 2022.
  • Year-over-year, Cost of Revenue skyrocketed 4805.74% in 2021 and then crashed 88.28% in 2023.
  • Tracing MP's Cost of Revenue over 5 years: stood at $18.5 million in 2021, then skyrocketed by 32.95% to $24.5 million in 2022, then fell by 3.91% 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.
  • Per Business Quant, the three most recent readings for MP's Cost of Revenue are $45.0 million (Q4 2025), $48.5 million (Q3 2025), and $50.4 million (Q2 2025).