---
schema_version: "secwatch.filing_event.v1"
accession: "0001970622-25-000016"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:48:31.157347+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# USA Rare Earth reports Q2 GAAP net loss of $142.7M driven by non-cash items; Stillwater facility on track

## Summary
- Q2 GAAP net loss $142.7M ($1.54/sh) vs $2.8M loss in Q2 2024; adjusted net loss $7.8M ($0.08/sh).
- Cash $121.8M at quarter end, $128.1M as of Aug 7; no significant debt.
- Stillwater magnet facility on track for Q1 2026 commissioning; 12 MOUs/JDAs signed for ~300 tons annual production.
- Successfully extracted gallium and heavy rare earth concentrates from Round Top deposit.
- Operating cash burn $7.9M in Q2 vs $4.0M in prior-year quarter.

## SEC filing metadata
- accession: 0001970622-25-000016
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000197062225000016/0001970622-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000197062225000016/usar-20250811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001970622-25-000016
- JSON: https://secwatch.observer/filing/0001970622-25-000016.json
- Plain text: https://secwatch.observer/filing/0001970622-25-000016.txt

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