earnings
confidence high
sentiment neutral
materiality 0.65
USA Rare Earth Q3 net loss $156.7M; cash >$400M; magnet facility on track for Q1 2026
USA Rare Earth, Inc.
2025-Q3 EPS
reported -$2.83
vs consensus -$0.08
▼ miss
(-3477.7%)
- GAAP net loss $156.7M ($1.64/share); adjusted net loss $25.6M ($0.25/share); operating loss $15.9M.
- Cash $257.6M at Q3 end; subsequent warrant exercises raised $163M, total cash >$400M; $123M potential from remaining warrants.
- Stillwater magnet facility on track for commercial production in Q1 2026; Round Top PFS targeted H2 2026.
- Entered definitive agreement to acquire Less Common Metals Ltd (LCM) for rare earth metals and alloys.
- Signed MOU with Enduro for neo magnets delivery in early 2026; JDA with ePropelled for sintered neo magnets.