MP Materials (MP) Operating Leases (2022 - 2025)

MP Materials (MP) reported Operating Leases of $6.0 million for Q2 2025, down 17.72% on a YoY basis from $7.3 million in Q2 2024, and down 22.94% quarter-over-quarter from $7.8 million in Q1 2025.

MP Materials (MP) Operating Leases (2022 - 2025) Analysis & Trends

MP Materials has reported Operating Leases for 4 years, with the latest figure at $6.0 million in Q2 2025.

  • For the quarter ending Q2 2025, Operating Leases fell 17.72% year-over-year to $6.0 million; the trailing twelve-month figure through Jun 2025 stood at $6.0 million (down 17.72% YoY), and the FY2024 full-year result was $5.8 million, down 15.1% from the prior year.
  • Operating Leases for Q2 2025 stood at $6.0 million, down from $7.8 million in the prior quarter.
  • The five-year high for Operating Leases was $7.8 million in Q1 2025, with the low at $99000.0 in Q4 2022.
  • Historically, Operating Leases has averaged $6.2 million across 4 years, with a median of $6.9 million in 2023.
  • Annual changes were most pronounced in 2023 — Operating Leases jumped 6797.98% — and 2025, when it retreated 17.72%.
  • MP Materials' Operating Leases stood at $99000.0 in 2022, then jumped by 6797.98% to $6.8 million in 2023, then slipped by 15.1% to $5.8 million in 2024, then grew by 3.76% to $6.0 million in 2025.
  • The last three Operating Leases figures came in at $6.0 million (Q2 2025), $7.8 million (Q1 2025), and $5.8 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (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 Ioneer 10.78 Bn 10.76 Bn -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn
6 Iperionx 8.57 Bn 8.52 Bn -
7 Materion 4.58 Bn 4.57 Bn 81.84 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
10 USA Rare Earth 2.20 Bn 2.20 Bn -

Historic Data

Download Data
DateValue
Jun 30, 2025 6.02 Mn
Mar 31, 2025 7.81 Mn
Dec 31, 2024 5.80 Mn
Sep 30, 2024 7.07 Mn
Jun 30, 2024 7.31 Mn
Mar 31, 2024 6.57 Mn
Dec 31, 2023 6.83 Mn
Sep 30, 2023 7.01 Mn
Jun 30, 2023 7.30 Mn
Dec 31, 2022 99,000.00