---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-23-000027"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:07:17.746263+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MP Materials Q2 revenue $64M (-55% YoY); net income $7.4M (-90%). Starts NdPr production.

## Summary
- Revenue of $64M, down 55% from $143.6M; net income of $7.4M, down 90% from $73.3M.
- Adjusted EBITDA of $27M, down 75% from $110M; diluted EPS $0.04 vs $0.38.
- REO production 10,863 MT (+5% YoY); realized price per REO MT $6,231 (-55%).
- Commenced production of separated rare earth products; first NdPr oxide shipments expected in Q3 2023.

## SEC filing metadata
- accession: 0001801368-23-000027
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000027/0001801368-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000027/mp-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-23-000027
- JSON: https://secwatch.observer/filing/0001801368-23-000027.json
- Plain text: https://secwatch.observer/filing/0001801368-23-000027.txt

## Key facts
- Earnings Releases
  MP Materials Corp. / DE reported the three months ended June 30, 2023 results: revenue $64,024, net income $7,395, EPS $0.04.
  - Period: the three months ended June 30, 2023
  - Revenue: $64,024
  - Net income: $7,395
  - EPS: $0.04
  - Result: reported results
  source text: Highlights For the three months ended June 30, 2023 vs. 2022 (unaudited) 2023 2022 Amount Change % Change Financial Measures: (in thousands, except per share data) Revenue (1) $ 64,024 $ 143,562 $ (79,538) (55) % Net income $ 7,395 $ 73,269 $ (65,874) (90) % Adjusted EBITDA (2) $ 26,951 $ 109,952 $ (83,001) (75) % Adjusted Net Income (2)(3) $ 17,023 $ 79,609 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000027/0001801368-23-000027-index.htm

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