MP Materials (MP) EBITDA (2020 - 2026)
MP Materials' (MP) quarterly EBITDA came in at -$24.1 million in Q1 2026, up 30.64% YoY from -$18.5 million in Q1 2025, and down 553.54% on a QoQ basis from -$3.7 million in Q4 2025.
MP Materials (MP) EBITDA (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of EBITDA data on file, last reported at -$24.1 million in Q1 2026.
- Quarterly EBITDA rose 30.64% year-over-year to -$24.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$138.7 million (up 19.24% YoY) and the FY2025 annual result came in at -$149.4 million, up 11.84% from the prior year.
- EBITDA fell to -$24.1 million in Q1 2026, from -$3.7 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $115.0 million in Q1 2022 to a low of -$67.0 million in Q3 2025.
- A 5-year average of -$2.0 million and a median of -$24.1 million in 2026 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2022 — EBITDA jumped 429.84% — and 2024, when it plunged 11174.95%.
- Tracing MP's EBITDA over 5 years: stood at $37.5 million in 2022, then tumbled by 189.76% to -$33.6 million in 2023, then tumbled by 30.73% to -$44.0 million in 2024, then surged by 91.6% to -$3.7 million in 2025, then sank by 553.54% to -$24.1 million in 2026.
- The last three EBITDA figures came in at -$24.1 million (Q1 2026), -$3.7 million (Q4 2025), and -$67.0 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 5,035.17 |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | -10.34 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 18.87 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 51.71 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 35.81 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | -46.31 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | -12.19 Mn |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | 285.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -32.03 Mn |
| Mar 31, 2026 | -24.12 Mn |
| Dec 31, 2025 | -3.69 Mn |
| Sep 30, 2025 | -67.02 Mn |
| Jun 30, 2025 | -43.88 Mn |
| Mar 31, 2025 | -34.78 Mn |
| Dec 31, 2024 | -43.96 Mn |
| Sep 30, 2024 | -39.54 Mn |
| Jun 30, 2024 | -53.49 Mn |
| Mar 31, 2024 | -32.43 Mn |
| Dec 31, 2023 | -33.63 Mn |
| Sep 30, 2023 | -17.54 Mn |
| Jun 30, 2023 | 483,000.00 |
| Mar 31, 2023 | 32.96 Mn |
| Dec 31, 2022 | 37.47 Mn |
| Sep 30, 2022 | 79.17 Mn |
| Jun 30, 2022 | 95.75 Mn |
| Mar 31, 2022 | 115.02 Mn |
| Dec 31, 2021 | 57.08 Mn |
| Sep 30, 2021 | 54.09 Mn |