---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-23-000034"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:48:11.664416+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MP Materials Q3 2023: Revenue $52.5M (-58% YoY), net loss $4.3M, begins NdPr production

## Summary
- Revenue $52.5M (58% YoY drop); net loss $4.3M vs net income $63.2M a year ago.
- Adjusted EBITDA $15.6M (down 83% YoY); adjusted diluted EPS $0.04 (down 89%).
- REO sales volume 9,177 MT (-14% YoY); realized price $5,718/MT (down 51%).
- Produced first separated NdPr oxide (50 MT in Q3) on U.S. soil; trial NdPr metal production begun.
- Announced 'Upstream 60K' plan to expand REO output ~50% (to ~60K MT/yr) within 4 years.

## SEC filing metadata
- accession: 0001801368-23-000034
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000034/0001801368-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000034/mp-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-23-000034
- JSON: https://secwatch.observer/filing/0001801368-23-000034.json
- Plain text: https://secwatch.observer/filing/0001801368-23-000034.txt

## Key facts
- Earnings Releases
  MP Materials Corp. / DE reported three and nine months ended September 30, 2023 results: revenue $52.5M, net income net loss of $4.3M, EPS Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04.
  - Period: three and nine months ended September 30, 2023
  - Revenue: $52.5M
  - Net income: net loss of $4.3M
  - EPS: Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04
  - Result: reported results
  source text: “Upstream 60K” strategy targeting ~50% expansion of REO output at Mountain Pass Stage I REO sales and production volumes of 9,177 and 10,766 metric tons, respectively Revenue of $52.5M and net loss of $4.3M Adjusted EBITDA of $15.6M Diluted loss per share of $0.02 and Adjusted Diluted EPS of $0.04 LAS VEGAS, November 2, 2023 – MP Materials Corp. (NYSE: MP)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000034/0001801368-23-000034-index.htm

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