USA Rare Earth (USAR) Operating Income (2024 - 2025)
USA Rare Earth's (USAR) quarterly Operating Income came in at -$26.1 million in Q4 2025, down 341.44% year-on-year from $10.8 million in Q4 2024, and down 64.68% quarter-over-quarter from -$15.9 million in Q3 2025.
USA Rare Earth (USAR) Operating Income (2024 - 2025) Analysis & Trends
USA Rare Earth has disclosed Operating Income across 2 years of filings, most recently posting -$26.1 million for Q4 2025.
- Operating Income for Q4 2025 came in at -$26.1 million, down 341.44% year-over-year; the trailing twelve-month figure through Dec 2025 was -$59.5 million (down 281.8% YoY), and the FY2025 annual result was -$59.5 million, down 281.8% from the prior year.
- Operating Income came in at -$26.1 million for Q4 2025 at USA Rare Earth, down from -$15.9 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$2.0 million in Q3 2024 to a low of -$26.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 645.72 Bn | 645.67 Bn | - | - |
| 2 | Bhp | 449.56 Bn | 440.04 Bn | - | - |
| 3 | Skeena Resources | 19.00 Bn | 18.98 Bn | - | - |
| 4 | MP Materials | 10.74 Bn | 8.15 Bn | 16.40 Mn | -24.12 Mn |
| 5 | Ioneer | 10.43 Bn | 10.41 Bn | - | - |
| 6 | Iperionx | 7.54 Bn | 7.49 Bn | - | - |
| 7 | Materion | 5.73 Bn | 5.71 Bn | 81.84 Mn | 28.18 Mn |
| 8 | Sigma Lithium | 4.46 Bn | 4.46 Bn | 25.57 Mn | 37.35 Mn |
| 9 | Americas Gold & Silver | 4.39 Bn | 4.26 Bn | 16.76 Mn | -40.34 Mn |
| 10 | USA Rare Earth | 2.41 Bn | 2.42 Bn | - | -26.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |