USA Rare Earth (USAR) Shares Outstanding (Diluted Average) (2023 - 2025)

USA Rare Earth's (USAR) quarterly Shares Outstanding (Diluted Average) came in at $98.0 million in Q4 2025, up 64.64% year-on-year from $59.5 million in Q4 2024, and down 4.45% quarter-over-quarter from $102.6 million in Q3 2025.

USA Rare Earth (USAR) Shares Outstanding (Diluted Average) (2023 - 2025) Analysis & Trends

USA Rare Earth has disclosed Shares Outstanding (Diluted Average) across 3 years of filings, most recently posting $98.0 million for Q4 2025.

  • Shares Outstanding (Diluted Average) for Q4 2025 came in at $98.0 million, up 64.64% year-over-year; the trailing twelve-month figure through Dec 2025 was $98.0 million (up 64.64% YoY), and the FY2025 annual result was $98.0 million, up 64.64% from the prior year.
  • Shares Outstanding (Diluted Average) came in at $98.0 million for Q4 2025 at USA Rare Earth, down from $102.6 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $102.6 million in Q3 2025 to a low of $6.3 million in Q4 2023.
  • The 3-year median for Shares Outstanding (Diluted Average) is $59.5 million (2024), against an average of $68.9 million.
  • Across the five-year window, Shares Outstanding (Diluted Average) soared 849.38% in 2024 and surged 39.8% in 2025, its largest moves.
  • USA Rare Earth's Shares Outstanding (Diluted Average) stood at $6.3 million in 2023, then jumped by 849.38% to $59.5 million in 2024, then jumped by 64.64% to $98.0 million in 2025.
  • The last three Shares Outstanding (Diluted Average) figures came in at $98.0 million (Q4 2025), $102.6 million (Q3 2025), and $92.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - -
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 178.02 Mn
6 Iperionx 8.57 Bn 8.52 Bn - 100.00
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 21.01 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 USA Rare Earth 2.20 Bn 2.20 Bn - 98.02 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 98.02 Mn
Sep 30, 2025 102.59 Mn
Jun 30, 2025 92.77 Mn
Mar 31, 2025 83.08 Mn
Dec 31, 2024 59.54 Mn
Sep 30, 2024 59.43 Mn
Jun 30, 2024 59.43 Mn
Mar 31, 2024 59.43 Mn
Dec 31, 2023 6.27 Mn