MP Materials (MP) Revenue (2020 - 2026)

MP Materials (MP) reported Revenue of $90.6 million for Q1 2026, up 49.07% on a YoY basis from $60.8 million in Q1 2025, and up 72.06% quarter-over-quarter from $52.7 million in Q4 2025.

MP Materials (MP) Revenue (2020 - 2026) Analysis & Trends

MP Materials has reported Revenue for 7 years, with the latest figure at $90.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Revenue rose 49.07% year-over-year to $90.6 million; the trailing twelve-month figure through Mar 2026 stood at $254.3 million (up 17.73% YoY), and the FY2025 full-year result was $224.4 million, up 10.1% from the prior year.
  • Revenue for Q1 2026 stood at $90.6 million, up from $52.7 million in the prior quarter.
  • The five-year high for Revenue was $166.3 million in Q1 2022, with the low at $31.3 million in Q2 2024.
  • Historically, Revenue has averaged $76.5 million across 5 years, with a median of $61.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Revenue jumped 177.23% — and 2023, when it plunged 57.8%.
  • MP Materials' Revenue stood at $93.2 million in 2022, then tumbled by 55.81% to $41.2 million in 2023, then soared by 48.01% to $61.0 million in 2024, then slipped by 13.61% to $52.7 million in 2025, then soared by 72.06% to $90.6 million in 2026.
  • The last three Revenue figures came in at $90.6 million (Q1 2026), $52.7 million (Q4 2025), and $53.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (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 90.65 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 549.82 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 42.34 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn 36.86 Mn
10 USA Rare Earth 2.20 Bn 2.20 Bn - 1.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 90.65 Mn
Dec 31, 2025 52.69 Mn
Sep 30, 2025 53.55 Mn
Jun 30, 2025 57.39 Mn
Mar 31, 2025 60.81 Mn
Dec 31, 2024 60.99 Mn
Sep 30, 2024 62.93 Mn
Jun 30, 2024 31.26 Mn
Mar 31, 2024 48.68 Mn
Dec 31, 2023 41.21 Mn
Sep 30, 2023 52.52 Mn
Jun 30, 2023 64.02 Mn
Mar 31, 2023 95.70 Mn
Dec 31, 2022 93.25 Mn
Sep 30, 2022 124.45 Mn
Jun 30, 2022 143.56 Mn
Mar 31, 2022 166.26 Mn
Dec 31, 2021 99.11 Mn
Sep 30, 2021 99.75 Mn
Jun 30, 2021 73.12 Mn