USA Rare Earth posts $0.34 diluted EPS loss; $1.75B cash; announces $2.8B Serra Verde deal

USA Rare Earth, Inc.

Q1 net loss of $67.0M ($0.34 diluted EPS loss); adjusted diluted EPS loss of $0.12.
Cash balance of $1.75B after closing $1.5B common stock PIPE in January 2026.
Commissioned Phase 1A at Stillwater magnet facility, targeting 600 MTPA run-rate by Q4 2026.
Subsequent to Q1, announced definitive agreement to acquire Serra Verde Group for ~$2.8 billion.
Announced $1.6B proposed funding from US Department of Commerce CHIPS program (definitive documentation expected May 2026).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

USA Rare Earth, Inc. reported the first quarter ended March 31, 2026 results: revenue $5.7 million.

Period: the first quarter ended March 31, 2026
Revenue: $5.7 million
Result: reported results

Exact text from the filing

for Western industrial leadership.” First Quarter Highlights Financial Highlights • The Company’s cash balance as of March 31, 2026 was approximately $1.75 billion • Revenues of $5.7 million • Net cash used in operating activities of $18.6 million • Capital expenditures of $38.6 million Business Highlights • Proposed U.S. Government collaboration : In January 2026,

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Source: SEC EDGAR

accession 0001970622-26-000034

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