{"schema_version":"secwatch.filing_event.v1","accession":"0001801368-24-000042","form_type":"8-K","ticker":"MP","cik":"0001801368","company_name":"MP Materials Corp. / DE","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.184726+00:00","generated_at":"2026-06-03T00:48:07.481120+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"MP Materials Q1 revenue falls 49% to $48.7M; repurchases 7.3% of shares, refinances debt","bullets":["Revenue $48.7M (-49% YoY); net income $16.5M (-56% YoY); diluted EPS -$0.08 vs $0.20.","Adjusted EBITDA -$1.2M vs +$58.7M; adjusted net loss -$7.5M vs +$51.3M.","REO production 11,151 MT (+4% YoY); realized price per REO MT $4,294, down 54%.","Repurchased 13M shares (7.3% of outstanding) for $15.43/sh; issued $747.5M new 3% convertible notes due 2030; repurchased $480M of existing notes for $428.6M.","Awarded $58.5M tax credit to advance U.S. rare earth magnet manufacturing; magnetics facility capacity fully committed."],"urls":{"canonical":"https://secwatch.observer/filing/0001801368-24-000042","json":"https://secwatch.observer/filing/0001801368-24-000042.json","markdown":"https://secwatch.observer/filing/0001801368-24-000042.md","text":"https://secwatch.observer/filing/0001801368-24-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801368/000180136824000042/0001801368-24-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801368/000180136824000042/mp-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:48:07.481120+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0bb73de025b4e612a04f0b828e48b2b700297af3","claim":"MP Materials Corp. / DE reported three months ended March 31, 2024 results: revenue $48,684, net income $16,489, EPS $(0.08).","evidence_excerpt":"Highlights For the three months ended March 31, 2024 vs. 2023 (unaudited) 2024 2023 Amount Change % Change Financial Measures: (in thousands, except per share data) Revenue (1) $ 48,684 $ 95,700 $ (47,016) (49) % Net income $ 16,489 $ 37,447 $ (20,958) (56) % Adjusted EBITDA (2) $ (1,233) $ 58,700 $ (59,933) N/M Adjusted Net Income (Loss) (2) $ (7,492) $ 51,327 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801368/000180136824000042/0001801368-24-000042-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$48,684"},{"label":"Net income","value":"$16,489"},{"label":"EPS","value":"$(0.08)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}