---
schema_version: "secwatch.filing_event.v1"
accession: "0001970622-26-000034"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2026-05-13T20:48:11+00:00"
generated_at: "2026-05-13T21:07:39.336030+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001970622-26-000034
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2026-05-13T20:48:11+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000197062226000034/0001970622-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000197062226000034/usar-20260513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001970622-26-000034
- JSON: https://secwatch.observer/filing/0001970622-26-000034.json
- Plain text: https://secwatch.observer/filing/0001970622-26-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1970622/000197062226000034/0001970622-26-000034-index.htm

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