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

MP Materials (MP) has 7 years of Cost of Revenue data on file, last reported at $74.2 million in Q1 2026.

• Quarterly Cost of Revenue rose 52.04% year-over-year to $74.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $218.2 million (up 6.01% YoY) and the FY2025 annual result came in at $192.8 million, changed 0.11% from the prior year.
• Cost of Revenue grew to $74.2 million in Q1 2026, from $45.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $86.1 million in Q4 2023 to a low of -$65.8 million in Q4 2022.
• A 5-year average of $36.3 million and a median of $41.5 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue jumped 230.88% — and 2024, when it plunged 32.36%.
• Tracing MP's Cost of Revenue over 5 years: stood at -$65.8 million in 2022, then jumped by 230.88% to $86.1 million in 2023, then sank by 32.36% 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.