USA Rare Earth, Inc. (USAR)
Nasdaq: USAR · Metal Mining · Stillwater, OK · filing with the SEC since 2023
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Report filed | Mar 30, 2026 | Mar 31, 2025 | Apr 2, 2024 |
| Revenue | 1,643,000 | 0 | · |
| Cost of revenue | 1,448,000 | 0 | · |
| Gross profit | 195,000 | 0 | · |
| Research and development | 15,885,000 | 6,341,000 | · |
| General and administrative | 43,135,000 | 9,244,000 | · |
| Total costs and expenses | 59,698,000 | 15,585,000r | · |
| Operating income | -59,503,000 | -15,585,000r | · |
| Interest and investment income | 5,446,000 | 292,000 | · |
| Interest income (expense), net | · | 5,755 | · |
| Total non-operating income (expense) | -239,181,000 | -807,000r | · |
| Income before income taxes | -298,684,000 | -16,392,000 | · |
| Income tax expense | -160,000 | 0 | · |
| Net income including non-controlling interests | -298,524,000 | -16,392,000 | · |
| Net income to non-controlling interests | -965,000 | -657,000 | · |
| Net income | -297,559,000 | -15,735,000r | · |
| Preferred dividends | 26,954,000 | 8,170,000 | · |
| Earnings per share, basic | -3.31 | -0.40 | · |
| Earnings per share, diluted | -3.31 | -0.40 | · |
| Weighted average shares, basic | 98,021 | 59,538 | · |
| Weighted average shares, diluted | 98,021 | 59,538 | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:OperatingCostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossPreferred dividends paid to preferred holders before common shareholders
us-gaap:PreferredStockDividendsIncomeStatementImpactEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding