Income Statement - USA Rare Earth, Inc. (USAR)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | |
|---|---|---|---|---|
| Total revenue | 1.64 | 1,176.87 | 0.00 | 0.00 |
| Cost of revenue | 3.03 | 217.98 | 0.31 | 0.21 |
| Gross profit | -1.39 | 958.89 | -0.31 | -0.21 |
| Total operating expenses | 58.11 | 15.20 | 1.18 | 24.26 |
| Operating income | -59.50 | -15.59 | -1.18 | -24.26 |
| Non-operating income (net) | -239.18 | -0.81 | 7.93 | -1.28 |
| Income before tax | -298.68 | -16.39 | 6.75 | -25.54 |
| Income tax expense | -0.16 | 147.73 | ||
| Net income | -297.56 | -15.74 | 6.75 | -23.84 |
Show Quarterly Income Statement
Income Statement - USA Rare Earth, Inc. (USAR)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 5.70 | 1.64 | 312.49 | 0.00 | 308.80 | 5.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Cost of revenue | 7.70 | 2.42 | 0.28 | 0.27 | 0.07 | 55.93 | 0.09 | 0.10 | 0.43 | 0.04 | ||
| Gross profit | -2.00 | -0.78 | -0.28 | -0.27 | -0.07 | 249.22 | -0.09 | -0.10 | -0.43 | -0.42 | ||
| Total operating expenses | 34.68 | 25.34 | 15.59 | 8.53 | 8.65 | 5.89 | 1.87 | 2.91 | 0.43 | 5.95 | 0.42 | 0.23 |
| Operating income | -36.68 | -26.12 | -15.86 | -8.80 | -8.72 | -10.18 | -1.96 | -3.01 | -0.43 | -5.95 | -0.42 | -0.23 |
| Non-operating income (net) | -31.97 | -24.54 | -141.13 | -133.70 | 60.40 | 165.97 | -0.05 | 0.19 | 3.35 | -0.38 | 3.28 | 1.06 |
| Income before tax | -68.65 | -50.66 | -156.99 | -142.51 | 51.68 | 155.79 | -2.01 | -2.82 | 2.92 | -6.34 | 2.86 | 0.83 |
| Income tax expense | -0.58 | -0.16 | 45.69 | 43.99 | 36.10 | 44.60 | 28.44 | |||||
| Net income | -66.99 | -50.21 | -156.68 | -142.51 | 51.83 | 0.43 | -1.87 | 3.05 | 2.92 | -5.96 | 2.86 | 0.83 |