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| Date | Value |
|---|---|
| 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 |