Growth Metrics

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

MP Materials filings provide 6 years of Cost of Revenue readings, the most recent being $45.0 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 22.68% to $45.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $192.8 million, a 0.11% change, with the full-year FY2025 number at $192.8 million, changed 0.11% from a year prior.
  • Cost of Revenue hit $45.0 million in Q4 2025 for MP Materials, down from $48.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $58.3 million in Q4 2024 to a low of $2.7 million in Q1 2023.
  • Median Cost of Revenue over the past 5 years was $23.4 million (2022), compared with a mean of $31.3 million.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 4805.74% in 2021 and later crashed 88.28% in 2023.
  • MP Materials' Cost of Revenue 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.
  • The last three reported values for Cost of Revenue were $45.0 million (Q4 2025), $48.5 million (Q3 2025), and $50.4 million (Q2 2025) per Business Quant data.