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
DateValue
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