All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 5 read as filed from the record and 4 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2023; the latest 2025-11-06.
From the record
USA Rare Earth, Inc.'s filings since 2023 show 3 warning events of 2 kinds: an auditor change (8-K item 4.01, 2 times, the latest 2025-11-06); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-04-02) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
SI estimate 5.7/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: USA Rare Earth, Inc.'s track record is put at 5.7 of 10 with a confidence of 20 of 100, because fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 22 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
How has it treated the people who own it?
SI estimate 0.7/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: USA Rare Earth, Inc.'s shareholder treatment is put at 0.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 7% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -60%: lost 60¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, USA Rare Earth, Inc. lost about 60 cents for every dollar of shareholders' money, and gross profitability: its products earned about 0 cents per dollar of everything the company owns. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 64.6% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 9% of 24 in its family; net margin -18110.7%.
From the record
USA Rare Earth, Inc.'s standing among 24 graded names in its industry family: revenue of $2 million in fiscal 2025 ranks in the bottom 15% by size; a net margin of -18110.7% ranks in the bottom 2% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 6% of 15 in its family for leadership; chief executive since 2026.
From the record
USA Rare Earth, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Moraitis, Thrasyvoulos (Chief Executive Officer, as filed), filing under that title since 2026-10-05, 1 month (bottom 4% of its family); most of the 15 officers and directors filing now have filed since the record of its people begins (2025-03-13), a floor of 1.7 years the record cannot see past, so that part is not read; 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 8%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 50% of 20 in its family for room to expand.
From the record
USA Rare Earth, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $360 million against no long-term debt tagged leaves 51.8% of its assets as net cash, top 8% of its family; cash from operations less capital spending is -5255.3% of revenue (bottom 3%); a gross margin of 11.9% (bottom 16%); research spending of 966.8% of revenue (top 12%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
SI estimate 4.7/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: USA Rare Earth, Inc.'s growth drivers is put at 4.7 of 10 with a confidence of 20 of 100, because the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
Did its newest year beat what its own record pointed to?
SI estimate 4.4/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: USA Rare Earth, Inc.'s expectations vs reality is put at 4.4 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made