MP Materials (MP) Operating Expenses (2020 - 2026)

MP Materials has reported Operating Expenses for 7 years, with the latest figure at $157.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 64.29% year-over-year to $157.0 million; the trailing twelve-month figure through Mar 2026 stood at $486.3 million (up 25.41% YoY), and the FY2025 full-year result was $424.8 million, up 13.81% from the prior year.
• Operating Expenses for Q1 2026 stood at $157.0 million, up from $107.4 million in the prior quarter.
• The five-year high for Operating Expenses was $157.0 million in Q1 2026, with the low at $45.3 million in Q3 2022.
• Historically, Operating Expenses has averaged $83.9 million across 5 years, with a median of $81.1 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses slipped 0.84% — and 2026, when it soared 64.29%.
• MP Materials' Operating Expenses stood at $55.8 million in 2022, then soared by 34.16% to $74.8 million in 2023, then jumped by 40.24% to $104.9 million in 2024, then grew by 2.33% to $107.4 million in 2025, then soared by 46.23% to $157.0 million in 2026.
• The last three Operating Expenses figures came in at $157.0 million (Q1 2026), $107.4 million (Q4 2025), and $120.6 million (Q3 2025), per Business Quant data.