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MP Materials (MP) Operating Expenses (2020 - 2025)

MP Materials' Operating Expenses history spans 6 years, with the latest figure at $107.4 million for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 2.33% year-over-year to $107.4 million, compared with a TTM value of $424.8 million through Dec 2025, up 13.81%, and an annual FY2025 reading of $424.8 million, up 13.81% over the prior year.
  • Operating Expenses for Q4 2025 was $107.4 million at MP Materials, down from $120.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $120.6 million in Q3 2025, with the low at $38.3 million in Q1 2021.
  • Average Operating Expenses over 5 years is $71.8 million, with a median of $66.8 million recorded in 2023.
  • Biggest YoY gain for Operating Expenses was 111.71% in 2021; the steepest drop was 55.64% in 2021.
  • Tracing MP's Operating Expenses over 5 years: stood at $42.0 million in 2021, then soared by 32.71% to $55.8 million in 2022, then surged by 34.16% to $74.8 million in 2023, then soared by 40.24% to $104.9 million in 2024, then rose by 2.33% to $107.4 million in 2025.
  • Per Business Quant, the three most recent readings for MP's Operating Expenses are $107.4 million (Q4 2025), $120.6 million (Q3 2025), and $101.3 million (Q2 2025).