USA Rare Earth USAR
NASDAQ USAR
$17.06 -0.60 (-3.40%)
As of: Sep 9, 2026 · 3:59 PM EDT

USA Rare Earth (USAR) EBITDA (2024 - 2026)

USA Rare Earth's (USAR) quarterly EBITDA came in at -$46.3 million in Q2 2026, down 426.06% year-over-year from $14.2 million in Q2 2025, and down 77.31% quarter-over-quarter from -$26.1 million in Q4 2025.

Analysis

USA Rare Earth (USAR) EBITDA (2024 - 2026) Analysis & Trends

USA Rare Earth has disclosed EBITDA across 3 years of filings, most recently posting -$46.3 million for Q2 2026.

  • In Q2 2026, EBITDA fell 426.06% year-over-year to -$46.3 million; the TTM figure through Jun 2026 stood at -$97.1 million (down 282.31% YoY), while the FY2025 annual figure was -$59.5 million, down 281.8% from the prior year.
  • EBITDA came in at -$46.3 million for Q2 2026 at USA Rare Earth, down from -$26.1 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$2.0 million in Q3 2024 to a low of -$46.3 million in Q2 2026.
  • Average EBITDA over 3 years is -$13.5 million, with a median of -$8.7 million recorded in 2025.
  • The largest YoY upside for EBITDA was 85.57% in 2025 against a maximum downside of 709.65% in 2025.
  • Over 3 years, EBITDA stood at -$5.9 million in 2024, then tumbled by 341.44% to -$26.1 million in 2025, then tumbled by 77.31% to -$46.3 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were -$46.3 million in Q2 2026, -$26.1 million in Q4 2025, and -$15.9 million in Q3 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 USA Rare Earth 3.94 Bn 3.94 Bn -1.58 Mn -46.31 Mn
2 Evolution Metals & Technologies 1.99 Bn 1.99 Bn -115,000.00 -12.19 Mn
3 Niocorp Developments 126.18 Mn -180.18 Mn - -1.21 Mn
4 DyTb 71.56 Mn 71.56 Mn - -1.35 Mn
5 Critical Metals 8.39 Mn -7.05 Bn - 782.99 Mn
6 Mag Magna 3.35 Mn 3.32 Mn - -131,125.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -46.31 Mn
Dec 31, 2025 -26.12 Mn
Sep 30, 2025 -15.86 Mn
Jun 30, 2025 -8.80 Mn
Mar 31, 2025 -8.72 Mn
Dec 31, 2024 -5.92 Mn
Sep 30, 2024 -1.96 Mn
Jun 30, 2024 -3.01 Mn
Mar 31, 2024 -4.70 Mn