---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-24-000006"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:55:54.819683+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MP Materials Q4 revenue $41.2M (-56% YoY), net loss $16.3M; FY2023 net income $24.3M

## Summary
- Q4 2023 revenue $41.2M, down 56% YoY; net loss $16.3M vs net income $67M in Q4 2022.
- Full year 2023 revenue $253.4M, net income $24.3M, Adjusted EBITDA $102.5M; produced 41,557 MT REO.
- Produced 200 MT of NdPr oxide in 2023; sold 10 MT NdPr oxide in Q4 at $70/kg.
- Began trial production of NdPr metal at Fort Worth magnetics facility; installation of production equipment underway.
- Ended 2023 with $997.8M cash & short-term investments, $307.8M net cash.

## SEC filing metadata
- accession: 0001801368-24-000006
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1801368/000180136824000006/0001801368-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000006/mp-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-24-000006
- JSON: https://secwatch.observer/filing/0001801368-24-000006.json
- Plain text: https://secwatch.observer/filing/0001801368-24-000006.txt

## Key facts
- Earnings Releases
  MP Materials Corp. / DE reported the three months ended December 31, 2023 results: revenue $41,205, net income $(16,259), EPS $(0.09).
  - Period: the three months ended December 31, 2023
  - Revenue: $41,205
  - Net income: $(16,259)
  - EPS: $(0.09)
  - Result: reported results
  source text: Revenue (1) $ 41,205 $ 93,245 $ (52,040) (56) % Net income (loss) $ (16,259) $ 67,007 $ (83,266) N/M Adjusted EBITDA (2) $ 1,300 $ 55,050 $ (53,750) (98) % Adjusted Net Income (Loss) (2) $ (3,998) $ 78,786 $ (82,784) N/M Diluted EPS $ (0.09) $ 0.36 $ (0.45) N/M
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000006/0001801368-24-000006-index.htm
- Earnings Releases
  MP Materials Corp. / DE reported the year ended December 31, 2023 results: revenue $253.4 million, net income $24.3 million.
  - Period: the year ended December 31, 2023
  - Revenue: $253.4 million
  - Net income: $24.3 million
  - Result: reported results
  source text: Full Year 2023 Highlights • Produced 41,557 metric tons of rare earth oxides (“REO”) in concentrate • Produced 200 metric tons of NdPr oxide • Sold 36,837 metric tons of REO, generating revenue of $253.4 million • Produced net income of $24.3 million and Adjusted EBITDA of $102.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000006/0001801368-24-000006-index.htm

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