---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-23-000005"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:10:26.528249+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MP Materials reports record FY2022 revenue of $527.5M, net income up 114% to $289M

## Summary
- FY2022 revenue $527.5M (+59% YoY); net income $289.0M (+114%); Adjusted EBITDA $388.6M (+77%).
- Produced 42,499 metric tons of REO, highest annual U.S. rare earth production; sold record 43,198 MT.
- Q4 2022 revenue $93.2M (-6% YoY); net income $67.0M (+37%); diluted EPS $0.36 vs $0.26.
- Signed long-term agreement with GM to supply rare earth alloy and magnets for 12 Ultium EV platforms.
- Signed distribution agreement with Sumitomo Corp for access to Japanese customers; Stage II commissioning underway.

## SEC filing metadata
- accession: 0001801368-23-000005
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/0001801368-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/mp-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-23-000005
- JSON: https://secwatch.observer/filing/0001801368-23-000005.json
- Plain text: https://secwatch.observer/filing/0001801368-23-000005.txt

## Key facts
- Earnings Releases
  MP Materials Corp. / DE reported Fourth Quarter 2022 results: revenue $93,245, net income $67,007, EPS $0.36.
  - Period: Fourth Quarter 2022
  - Revenue: $93,245
  - Net income: $67,007
  - EPS: $0.36
  - Result: reported results
  source text: Fourth Quarter 2022 Financial and Operating Highlights For the three months ended December 31, 2022 vs. 2021 (unaudited) 2022 2021 Amount Change % Change Financial Measures: (in thousands) Revenue (1) $ 93,245 $ 99,109 $ (5,864) (6) % Net income $ 67,007 $ 48,989 $ 18,018 37 % Adjusted EBITDA (2) $ 55,050 $ 71,343 $ (16,293) (23) % Adjusted Net Income (2) $ 78,786 $ 56,602 $ 22,184 39 % Diluted EPS $ 0.36 $ 0.26 $ 0.10 38 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/0001801368-23-000005-index.htm
- Earnings Releases
  MP Materials Corp. / DE reported Full Year 2022 results: revenue $527.5 million, net income $289.0 million.
  - Period: Full Year 2022
  - Revenue: $527.5 million
  - Net income: $289.0 million
  - Result: reported results
  source text: Generated $527.5 million of revenue in 2022, an increase of 59% Increased annual net income 114% to $289.0 million and Adjusted EBITDA 77% to $388.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000005/0001801368-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.