USA Rare Earth (USAR) Operating Expenses (2024 - 2026)

USA Rare Earth has disclosed Operating Expenses across 3 years of filings, most recently posting $44.7 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 408.08% year-over-year to $44.7 million; the TTM figure through Jun 2026 stood at $95.7 million (up 276.84% YoY), while the FY2025 annual figure was $59.7 million, up 283.05% from the prior year.
• Operating Expenses came in at $44.7 million for Q2 2026 at USA Rare Earth, up from $26.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $44.7 million in Q2 2026 to a low of $2.0 million in Q3 2024.
• Average Operating Expenses over 3 years is $13.3 million, with a median of $8.7 million recorded in 2025.
• The largest YoY upside for Operating Expenses was 709.65% in 2025 against a maximum downside of 85.57% in 2025.
• Over 3 years, Operating Expenses stood at $5.9 million in 2024, then surged by 344.74% to $26.3 million in 2025, then jumped by 69.98% to $44.7 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $44.7 million in Q2 2026, $26.3 million in Q4 2025, and $15.9 million in Q3 2025.