USA Rare Earth, Inc.
USA Rare Earth, Inc. (Nasdaq: USAR) is building an integrated rare earth mine-to-magnet business, spanning mineral extraction and separation, production of rare earth metals and alloys, and manufacture of sintered neodymium-iron-boron (NdFeB) permanent magnets for defense, aerospace, semiconductor, energy, mobility,… From the company’s description.
In fiscal 2025, USA Rare Earth, Inc. reported revenue of $1.64M and a net loss of $298.52M. Its operating margin was −3621.6%, and operations used $48.98M in cash.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What USA Rare Earth, Inc. does
In the company’s own words
USA Rare Earth, Inc. (Nasdaq: USAR) is building an integrated rare earth mine-to-magnet business, spanning mineral extraction and separation, production of rare earth metals and alloys, and manufacture of sintered neodymium-iron-boron (NdFeB) permanent magnets for defense, aerospace, semiconductor, energy, mobility, healthcare and industrial customers. Its operations include the Round Top Project in Texas, a heavy rare earth and critical minerals deposit under development, and a research and development facility in Colorado focused on extraction and separation technologies. Through its Less Common Metals subsidiary, the company produces rare earth and critical-mineral metals, master alloys and strip-cast products for magnet manufacturers, defense contractors, mobility manufacturers and industrial users; this business has annual capacity of approximately 2,500 metric tons. The Stillwater, Oklahoma magnet facility commissioned its first production phase in 2026, while the company also plans metal-making expansion in France. The company was formed in 2025 through a business combination involving Inflection Point Acquisition Corp. II and USA Rare Earth, LLC, and acquired Less Common Metals in November 2025. Its website is https://www.usare.com/.
Company details
- Sector
- Materials
- Industry (SIC)
- Mining
- Headquarters
- STILLWATER, OK
- Fiscal year end
- December
- CIK
- 1970622
- SIC
- 1000
Financial performance, year by year
Fiscal 2024–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns USA Rare Earth, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · USA Rare Earth, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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