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

MP Materials filings provide 6 years of Operating Expenses readings, the most recent being $107.4 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 2.33% to $107.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was $424.8 million, a 13.81% increase, with the full-year FY2025 number at $424.8 million, up 13.81% from a year prior.
  • Operating Expenses hit $107.4 million in Q4 2025 for MP Materials, down from $120.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $120.6 million in Q3 2025 to a low of $38.3 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $66.8 million (2023), compared with a mean of $71.8 million.
  • The widest YoY moves for Operating Expenses: up 111.71% in 2021, down 55.64% in 2021.
  • MP Materials' Operating Expenses 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.
  • The last three reported values for Operating Expenses were $107.4 million (Q4 2025), $120.6 million (Q3 2025), and $101.3 million (Q2 2025) per Business Quant data.