MP Materials Q1 2026: NdPr sales up 117% to record 1,006 MT; revenue $90.6M (+49% YoY)

MP Materials Corp. / DE

2026-Q1 EPS reported -$0.04 revenue$90,649,000

Record NdPr production of 917 MT (+63% YoY); NdPr sales of 1,006 MT (+117% YoY); REO production 12,983 MT (+6% YoY).
Revenue $90.6M (+49% YoY); PPA income $42.3M; net loss improved to $(8.0M) from $(22.6M).
Adjusted EBITDA $36.6M (vs. $(2.7M) YoY); adjusted net income $6.7M (vs. $(19.9M) loss).
Materials: $72.2M revenue, $42.3M PPA income, $36.7M Adj. EBITDA. Magnetics: $21.1M revenue, $9.6M Adj. EBITDA.
Ground broken on 10X magnetics facility; heavy RE separation commissioning imminent at Mountain Pass.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.97

MP Materials Corp. / DE reported the three months ended March 31, 2026 results: revenue $90,649, net income $(7,968), EPS $(0.04).

Period: the three months ended March 31, 2026
Revenue: $90,649
Net income: $(7,968)
EPS: $(0.04)
Result: reported results

Exact text from the filing

Highlights For the three months ended March 31, 2026 vs. 2025 (in thousands, except per share data, unaudited) 2026 2025 Amount Change % Change Financial Measures: Revenue $ 90,649 $ 60,810 $ 29,839 49 % Price protection agreement income $ 42,273 $ — $ 42,273 N/M Net loss $ (7,968) $ (22,648) $ 14,680 65 % Adjusted EBITDA 2 $ 36,610 $ (2,696) $ 39,306 N/M

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accession 0001801368-26-000027

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