MP Materials (MP) Depreciation and Depletion (2020 - 2026)

MP Materials (MP) reported Depreciation and Depletion of $2.2 million for Q1 2026, down 87.94% on a YoY basis from $18.1 million in Q1 2025, and down 84.18% quarter-over-quarter from $13.8 million in Q4 2025.

MP Materials (MP) Depreciation and Depletion (2020 - 2026) Analysis & Trends

MP Materials has reported Depreciation and Depletion for 7 years, with the latest figure at $2.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Depreciation and Depletion fell 87.94% year-over-year to $2.2 million; the trailing twelve-month figure through Mar 2026 stood at $53.6 million (down 48.4% YoY), and the FY2025 full-year result was $69.6 million, up 9.49% from the prior year.
  • Depreciation and Depletion for Q1 2026 stood at $2.2 million, down from $13.8 million in the prior quarter.
  • The five-year high for Depreciation and Depletion was $54.7 million in Q4 2024, with the low at -$17.3 million in Q4 2023.
  • Historically, Depreciation and Depletion has averaged $9.9 million across 5 years, with a median of $3.1 million in 2024.
  • The largest YoY upside for Depreciation and Depletion was 2226.68% in 2023 against a maximum downside of 922.32% in 2023.
  • MP Materials' Depreciation and Depletion stood at $2.1 million in 2022, then tumbled by 922.32% to -$17.3 million in 2023, then surged by 415.82% to $54.7 million in 2024, then sank by 74.72% to $13.8 million in 2025, then tumbled by 84.18% to $2.2 million in 2026.
  • The last three Depreciation and Depletion figures came in at $2.2 million (Q1 2026), $13.8 million (Q4 2025), and $18.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - -
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 2.19 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn -
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 2.60 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 USA Rare Earth 2.20 Bn 2.20 Bn - 330,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 2.19 Mn
Mar 31, 2026 2.19 Mn
Dec 31, 2025 13.83 Mn
Dec 31, 2025 13.83 Mn
Sep 30, 2025 18.50 Mn
Sep 30, 2025 18.50 Mn
Jun 30, 2025 19.12 Mn
Jun 30, 2025 19.12 Mn
Mar 31, 2025 18.14 Mn
Mar 31, 2025 18.14 Mn
Dec 31, 2024 54.69 Mn
Dec 31, 2024 54.69 Mn
Sep 30, 2024 16.02 Mn
Sep 30, 2024 16.02 Mn
Jun 30, 2024 15.09 Mn
Jun 30, 2024 15.09 Mn
Mar 31, 2024 3.13 Mn
Mar 31, 2024 3.13 Mn
Dec 31, 2023 -17.32 Mn
Dec 31, 2023 -17.32 Mn