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
DateValue
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