MP Materials (MP) Interest Expenses (2020 - 2026)
MP Materials (MP) reported Interest Expenses of $9.8 million for Q1 2026, up 29.3% on a YoY basis from $7.6 million in Q1 2025, and little changed quarter-over-quarter from $9.9 million in Q4 2025.
MP Materials (MP) Interest Expenses (2020 - 2026) Analysis & Trends
MP Materials has reported Interest Expenses for 6 years, with the latest figure at $9.8 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses rose 29.3% year-over-year to $9.8 million; the trailing twelve-month figure through Mar 2026 stood at $33.7 million (up 21.41% YoY), and the FY2025 full-year result was $31.5 million, up 36.81% from the prior year.
- Interest Expenses for Q1 2026 stood at $9.8 million, roughly flat from $9.9 million in the prior quarter.
- The five-year high for Interest Expenses was $9.9 million in Q4 2025, with the low at $1.1 million in Q4 2023.
- Historically, Interest Expenses has averaged $5.4 million across 4 years, with a median of $6.6 million in 2024.
- Annual changes were most pronounced in 2024 — Interest Expenses soared 510.84% — and 2025, when it declined 19.73%.
- MP Materials' Interest Expenses stood at $1.1 million in 2023, then soared by 510.84% to $6.8 million in 2024, then jumped by 46.2% to $9.9 million in 2025, then declined by 0.4% to $9.8 million in 2026.
- The last three Interest Expenses figures came in at $9.8 million (Q1 2026), $9.9 million (Q4 2025), and $8.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (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 | - | 4.19 Mn |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 9.85 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 7.58 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | - |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | 4.76 Mn |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | 23,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.85 Mn |
| Mar 31, 2026 | 9.85 Mn |
| Dec 31, 2025 | 9.89 Mn |
| Dec 31, 2025 | 9.89 Mn |
| Sep 30, 2025 | 8.57 Mn |
| Sep 30, 2025 | 8.57 Mn |
| Jun 30, 2025 | 5.41 Mn |
| Jun 30, 2025 | 5.41 Mn |
| Mar 31, 2025 | 7.62 Mn |
| Mar 31, 2025 | 7.62 Mn |
| Dec 31, 2024 | 6.76 Mn |
| Dec 31, 2024 | 6.76 Mn |
| Sep 30, 2024 | 6.65 Mn |
| Sep 30, 2024 | 6.65 Mn |
| Jun 30, 2024 | 6.75 Mn |
| Jun 30, 2024 | 6.75 Mn |
| Mar 31, 2024 | 2.86 Mn |
| Mar 31, 2024 | 2.86 Mn |
| Dec 31, 2023 | 1.11 Mn |
| Dec 31, 2023 | 1.11 Mn |