Security
USA Rare Earth, Inc. · USAR
USARNASDAQCommon stockCurrentCIK 1970622Updated Oct 3, 2026
Name history
Inflection Point Acquisition Corp. II · through Mar 11, 2025
USAR price & chart
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NASDAQ:USAR on TradingView ↗About the company
USA Rare Earth, Inc. (Nasdaq: USAR) is building a fully integrated rare-earth and permanent-magnet value chain across the United States, Brazil and the United Kingdom. Through its ownership of Less Common Metals (LCM), one of the world’s leading producers of rare-earth metals and alloys, its development of magnet manufacturing capacity in Stillwater, Oklahoma, its Pela Ema mine in Brazil and the Round Top deposit in Texas, USA Rare Earth is pursuing capabilities across the value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. USA Rare Earth is establishing a secure, Western-aligned supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and industrial sectors. For more information, visit www.usare.com.
In the news
USA Rare Earth Breaks Ground on Advanced Rare Earth Metal and Magnet Manufacturing Facility in Blacksburg, South Carolina ↗
A Greenland Rare Earth Story Is Accelerating as the West Races to Break China's Magnet Grip ↗
MP Materials accuses USA Rare Earth of magnet tech theft ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 694,999,000Source | 24,135,931Source | 259,471,177Source |
| Property, Plant and Equipment, NetUSD | 85,406,000Source | 26,529,000Source | — |
| GoodwillUSD | 134,848,000Source | — | — |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 359,925,000Source | — | 275,665Source |
| Accounts Receivable | — | — | — |
| Inventory, NetUSD | 18,535,000Source | — | — |
| Assets, CurrentUSD | 385,375,000Source | 60,496Source | 499,659Source |
| Prepaid Expense and Other Assets, CurrentUSD | 3,151,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 321,000Source | — | — |
| Other Assets, NoncurrentUSD | 176,000Source | — | — |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 191,808,000Source | 17,091,719Source | 13,409,985Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 15,000Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -387,360,000Source | -17,031,848Source | -12,910,951Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 130,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | — | -17,031,223Source | -12,910,326Source |
| Additional Paid in Capital, Common StockUSD | 879,848,000Source | — | — |
| Liabilities and EquityUSD | 694,999,000Source | 24,135,931Source | 259,471,177Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 37,911,000Source | 3,942,444Source | 309,985Source |
| Operating Lease, Liability, CurrentUSD | 137,000Source | — | — |
| Accounts Payable, CurrentUSD | 11,069,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 185,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 16,715,000Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,653,000Source | — | — |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 14,073,000Source | — | 234,985Source |
| Deferred Tax Liabilities, NetUSD | 16,715,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -298,524,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, Depletion and AmortizationUSD | 763,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,760,000Source | — |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 599,000Source | — |
| Increase (Decrease) in InventoriesUSD | 3,206,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | -5,487,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -48,985,000Source | -1,398,564Source |
| Cash flows from investing activities: | ||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 102,207,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -139,566,000Source | 246,916,015Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | — |
| Cash flows from financing activities: | ||
| Payments for Repurchase of Common StockUSD | — | 246,916,015Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 531,715,000Source | -245,791,015Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 359,925,000Source | 2,101Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 17,000Source | — |
| Additional Financial Items | ||
| AmortizationUSD | 190,000Source | — |
| Share-based Payment Arrangement, ExpenseUSD | 8,780,000Source | — |
| Amortization of Intangible AssetsUSD | 678,000Source | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | 82,000Source | — |
| DepreciationUSD | 573,000Source | — |
| Depreciation, NonproductionUSD | 573,000Source | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | — |
| General and Administrative ExpenseUSD | 43,135,000Source | — |
| GoodwillUSD | 134,848,000Source | — |
| Income Tax Expense (Benefit)USD | -160,000Source | — |
| Investment Income, InterestUSD | 5,446,000Source | — |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | -244,488,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -297,559,000Source | 7,899,035Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -965,000Source | — |
| Nonoperating Income (Expense)USD | -239,181,000Source | 11,976,412Source |
| Operating Costs and ExpensesUSD | 59,698,000Source | 4,077,377Source |
| Proceeds from Contributions from ParentUSD | 22,867,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|---|---|
| Total RevenueUSD | 1,643,000Source | — |
| Cost of Goods and Services Sold | — | — |
| Operating Income (Loss)USD | -59,503,000Source | -4,077,377Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -298,684,000Source | — |
| Income Tax Expense (Benefit)USD | -160,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -965,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -297,559,000Source | 7,899,035Source |
| Earnings Per Share, BasicUSD per share | -3.31Source | — |
| Earnings Per Share, DilutedUSD per share | -3.31Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 98,021,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 98,021,000Source | — |
| Additional Financial Items | ||
| Amortization of Intangible AssetsUSD | 678,000Source | — |
| General and Administrative ExpenseUSD | 43,135,000Source | — |
| Gross ProfitUSD | 195,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -298,048,000Source | — |
| Interest Income (Expense), Nonoperating, NetUSD | — | 5,755Source |
| Investment Income, InterestUSD | 5,446,000Source | — |
| Nonoperating Income (Expense)USD | -239,181,000Source | 11,976,412Source |
| Operating Costs and ExpensesUSD | 59,698,000Source | 4,077,377Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 26,954,000Source | — |
| Research and Development ExpenseUSD | 15,885,000Source | — |
Offerings
Registration 333-298776
Registration 333-298777
Registration 333-295838
Registration 333-293172
Registration 333-290723
Registration 333-287410
Registration 333-287411
Registration 333-283181
Registration 333-283181-01
Filing attachments
ea030718301ex99-1.htm · 8-K · 2026-10-01
Exhibit 99.1 USA Rare Earth Completes CEO Transition Thras Moraitis Sets Integration, Execution and Growth Priorities STILLWATER, Okla., Oct. 1, 2026 (GLOBE NEWSWIRE) -- USA Rare Earth (Nasdaq: USAR) (the “Company”), a rare earth, critical minerals and advanced materials company, today announced the completion of its previously disclosed CEO succession plan. Thras Moraitis, who was previously President of USA Rare Earth, has assumed the CEO position and will focus on integrating the Company’s…
Read attachment ↗ea030718301ex99-2.htm · 8-K · 2026-10-01
Exhibit 99.2 Dear Colleagues, On my first day as CEO of this exciting company, I would be remiss in not thanking Barbara Humpton for her remarkable leadership in bringing together the components of what is primed to be a world-leading integrated advanced materials corporation. I am very engaged by the opportunity to get into the trenches alongside you to realize the enormous potential of this growth platform. What I inherit from Barbara and your tireless work is a solid foundation from which …
Read attachment ↗ea030552601ex99-1.htm · 8-K · 2026-09-15
EX-99.1 2 ea030552601ex99-1.htm RISK FACTORS Exhibit 99.1 Risk Factors Unless otherwise noted or the context otherwise requires, references to the “Company,” “USAR,” “USA Rare Earth” “we,” “us,” or “our” refer to USA Rare Earth, Inc. and its subsidiaries and references to the “SVRE Merger” refer to the merger of SVRE Holdings Ltd. (“SVRE”) with and into Middlebury Merger Sub Ltd. (“Merger Sub”), an indirect, wholly owned subsidiary of USAR, with Merger Sub continuing as the surviving compa…
Read attachment ↗ea030414701ex4-8.htm · S-3 · 2026-09-04
Exhibit 4.8 INDENTURE USA RARE EARTH, INC. and [___] Trustee Dated as of __, 20__ TABLE OF CONTENTS Article I. DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.1 Definitions 1 Section 1.2 Other Definitions …
Read attachment ↗ea030400101ex99-1.htm · 8-K · 2026-09-04
EX-99.1 5 ea030400101ex99-1.htm PRESS RELEASE, DATED SEPTEMBER 4, 2026, ANNOUNCING THE CLOSING OF THE MERGER Exhibit 99.1 USA Rare Earth Completes Combination with Serra Verde Group Combines Serra Verde’s world-class upstream heavy-rare earth operation with USA Rare Earth’s processing, metallization, and magnet-making capabilities Creates one of the only fully integrated rare earth and permanent magnet platforms outside Asia Industry veterans Sir Mick Davis and Thras Moraitis join the US…
Read attachment ↗ea030292401ex99-1.htm · 8-K · 2026-08-24
EX-99.1 2 ea030292401ex99-1.htm PRESS RELEASE, DATED AUGUST 24, 2026, ISSUED BY USA RARE EARTH, INC Exhibit 99.1 USA Rare Earth (Nasdaq: USAR) Announces Completion of Upsized $1.55 Billion Capitalization of the U.S. Government-Backed Special Purpose Vehicle (SPV) for Serra Verde Offtake U.S. Department of War (DoW) provides a $750 million investment in the SPV, reflecting a $250 million increase over original capitalization requirements Tier-1 institutional bank delivers commitment …
Read attachment ↗