USA Rare Earth (USAR) Research & Development (2024 - 2026)
USA Rare Earth's Research & Development came in at $10.77 million for Q2 2026, up 317.9% from $2.58 million a year earlier.
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Analysis
USA Rare Earth (USAR) Research & Development (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, USA Rare Earth reported Research & Development of $24.96 million, up 265.5% year-over-year; for FY2025, it came in at $15.89 million, up 150.5% from FY2024.
- Going back by year, Research & Development was $6.34 million in FY2024.
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q1 2024.
- Year-over-year, Research & Development increased in four of the last five quarters, with growth averaging 208.7%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 163.97 Bn | 142.76 Bn | 2.90 Bn | 14.90 Mn |
| 3 | Rio Tinto | 141.19 Bn | 101.70 Bn | - | - |
| 4 | Newmont | 124.53 Bn | 92.53 Bn | 4.03 Bn | 47.00 Mn |
| 5 | Freeport-Mcmoran | 98.93 Bn | 82.97 Bn | 2.19 Bn | 53.00 Mn |
| 6 | Agnico Eagle Mines | 93.96 Bn | 83.59 Bn | 2.43 Bn | 61.53 Mn |
| 7 | Barrick Mining | 69.55 Bn | 44.75 Bn | 2.90 Bn | 134.00 Mn |
| 8 | Nucor | 60.45 Bn | 49.83 Bn | 2.03 Bn | - |
| 9 | ArcelorMittal | 48.41 Bn | 27.44 Bn | - | - |
| 10 | USA Rare Earth | 2.35 Bn | 80.81 Mn | -1.58 Mn | 10.77 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.77 Mn |
| Dec 31, 2025 | 7.17 Mn |
| Sep 30, 2025 | 4.45 Mn |
| Jun 30, 2025 | 2.58 Mn |
| Mar 31, 2025 | 1.69 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Sep 30, 2024 | 1.16 Mn |
| Jun 30, 2024 | 1.73 Mn |
| Mar 31, 2024 | 2.05 Mn |
API Access
USA Rare Earth Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=USAR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "USAR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=USAR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();