MP Materials (MP) EBITDA (2020 - 2026)
MP Materials (MP) reported EBITDA of -$21.9 million for Q1 2026, down 31.81% on a YoY basis from -$32.2 million in Q1 2025, and up 58.4% quarter-over-quarter from -$52.7 million in Q4 2025.
MP Materials (MP) EBITDA (2020 - 2026) Analysis & Trends
MP Materials has reported EBITDA for 7 years, with the latest figure at -$21.9 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 31.81% year-over-year to -$21.9 million; the trailing twelve-month figure through Mar 2026 stood at -$180.7 million (down 25.72% YoY), and the FY2025 full-year result was -$142.6 million, up 8.79% from the prior year.
- EBITDA for Q1 2026 stood at -$21.9 million, up from -$52.7 million in the prior quarter.
- The five-year high for EBITDA was $117.1 million in Q1 2022, with the low at -$63.4 million in Q3 2025.
- Historically, EBITDA has averaged -$479764.7 across 5 years, with a median of -$17.5 million in 2024.
- Annual changes were most pronounced in 2022 — EBITDA surged 404.02% — and 2024, when it plunged 1572.11%.
- MP Materials' EBITDA stood at $46.0 million in 2022, then plunged by 167.36% to -$31.0 million in 2023, then dropped by 28.49% to -$39.8 million in 2024, then plunged by 32.51% to -$52.7 million in 2025, then surged by 58.4% to -$21.9 million in 2026.
- The last three EBITDA figures came in at -$21.9 million (Q1 2026), -$52.7 million (Q4 2025), and -$63.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (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 | - | 80.51 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -21.94 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 28.18 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 37.35 Mn |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 4.05 Mn |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | -26.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.94 Mn |
| Dec 31, 2025 | -52.73 Mn |
| Sep 30, 2025 | -63.44 Mn |
| Jun 30, 2025 | -42.59 Mn |
| Mar 31, 2025 | -16.64 Mn |
| Dec 31, 2024 | -39.79 Mn |
| Sep 30, 2024 | -36.57 Mn |
| Jun 30, 2024 | -50.73 Mn |
| Mar 31, 2024 | -17.53 Mn |
| Dec 31, 2023 | -30.97 Mn |
| Sep 30, 2023 | -14.87 Mn |
| Jun 30, 2023 | 3.45 Mn |
| Mar 31, 2023 | 35.76 Mn |
| Dec 31, 2022 | 45.97 Mn |
| Sep 30, 2022 | 78.51 Mn |
| Jun 30, 2022 | 98.83 Mn |
| Mar 31, 2022 | 117.13 Mn |
| Dec 31, 2021 | 58.38 Mn |
| Sep 30, 2021 | 58.85 Mn |
| Jun 30, 2021 | 37.15 Mn |