---
schema_version: "secwatch.filing_event.v1"
accession: "0001801368-26-000027"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:57:51.377212+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001801368-26-000027
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000027/0001801368-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000027/mp-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801368-26-000027
- JSON: https://secwatch.observer/filing/0001801368-26-000027.json
- Plain text: https://secwatch.observer/filing/0001801368-26-000027.txt

## Source-grounded claims
- claim_id: cf63ea93dd95a62ec9f75a5e211b057d95ad66a0
  claim: MP Materials Corp. / DE reported the three months ended March 31, 2026 results: revenue $90,649, net income $(7,968), EPS $(0.04).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000027/0001801368-26-000027-index.htm

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