USA Rare Earth (USAR) Operating Expenses (2024 - 2026)
USA Rare Earth (USAR) posted Operating Expenses of $26.3 million for Q4 2025, up 65.91% sequentially from $15.9 million in Q3 2025, and up 344.74% YoY from $5.9 million in Q4 2024.
USA Rare Earth (USAR) Operating Expenses (2024 - 2026) Analysis & Trends
USA Rare Earth has reported Operating Expenses for 2 years, with the latest figure at $26.3 million in Q4 2025.
- Quarterly Operating Expenses rose 344.74% year-over-year to $26.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $59.7 million (up 283.05% YoY) and the FY2025 annual result came in at $59.7 million, up 283.05% from the prior year.
- Operating Expenses grew to $26.3 million in Q4 2025 per USAR's latest filing, from $15.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $26.3 million in Q4 2025 and troughed at $2.0 million in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | -63.62 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 158.10 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 15.85 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 49.21 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 12.41 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 44.73 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 12.07 Mn |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | -60.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.73 Mn |
| Dec 31, 2025 | 26.32 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 |