MP Materials (MP) Net Income (2020 - 2026)

MP Materials (MP) reported Net Income of -$8.0 million for Q1 2026, up 64.82% on a YoY basis from -$4.8 million in Q1 2025, and down 184.53% quarter-over-quarter from $9.4 million in Q4 2025.

MP Materials (MP) Net Income (2020 - 2026) Analysis & Trends

MP Materials has reported Net Income for 7 years, with the latest figure at -$8.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Income rose 64.82% year-over-year to -$8.0 million; the trailing twelve-month figure through Mar 2026 stood at -$71.2 million (up 31.91% YoY), and the FY2025 full-year result was -$85.9 million, down 31.26% from the prior year.
  • Net Income for Q1 2026 stood at -$8.0 million, down from $9.4 million in the prior quarter.
  • The five-year high for Net Income was $85.6 million in Q1 2022, with the low at -$41.8 million in Q3 2025.
  • Historically, Net Income has averaged $9.1 million across 5 years, with a median of -$4.3 million in 2023.
  • Annual changes were most pronounced in 2022 — Net Income surged 430.75% — and 2024, when it tumbled 560.51%.
  • MP Materials' Net Income stood at $67.0 million in 2022, then tumbled by 124.26% to -$16.3 million in 2023, then sank by 37.41% to -$22.3 million in 2024, then surged by 142.19% to $9.4 million in 2025, then sank by 184.53% to -$8.0 million in 2026.
  • The last three Net Income figures came in at -$8.0 million (Q1 2026), $9.4 million (Q4 2025), and -$41.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (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 - 76.17 Mn
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn -7.97 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 19.37 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 15.42 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -39.31 Mn
10 USA Rare Earth 2.20 Bn 2.20 Bn - -22.96 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.97 Mn
Dec 31, 2025 9.43 Mn
Sep 30, 2025 -41.78 Mn
Jun 30, 2025 -30.87 Mn
Mar 31, 2025 -22.65 Mn
Dec 31, 2024 -22.34 Mn
Sep 30, 2024 -25.52 Mn
Jun 30, 2024 -34.06 Mn
Mar 31, 2024 16.49 Mn
Dec 31, 2023 -16.26 Mn
Sep 30, 2023 -4.28 Mn
Jun 30, 2023 7.40 Mn
Mar 31, 2023 37.45 Mn
Dec 31, 2022 67.01 Mn
Sep 30, 2022 63.18 Mn
Jun 30, 2022 73.27 Mn
Mar 31, 2022 85.55 Mn
Dec 31, 2021 48.99 Mn
Sep 30, 2021 42.76 Mn
Jun 30, 2021 27.17 Mn