---
schema_version: "secwatch.filing_event.v1"
accession: "0001970622-26-000056"
form_type: "8-K"
ticker: "USAR"
cik: "0001970622"
company_name: "USA Rare Earth, Inc."
filed_at: "2026-08-10T20:40:43+00:00"
generated_at: "2026-08-10T20:42:30.913868+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# USA Rare Earth Q2: EPS -$0.05, rev $5.8M; $1.6B DOE funding, $2.8B Serra Verde acquisition

## Summary
- Q2 net loss $10.3M vs $142.5M loss YoY; diluted EPS -$0.05 vs -$1.54; revenue $5.8M; cash $1.53B
- Finalized DOE CHIPS Act agreements: up to $1.6B total ($277M grant + $1.3B loan) tied to milestones
- Definitive agreement to acquire Serra Verde for ~$2.8B; expected close by end of Aug; Thras Moraitis to succeed CEO Oct 1
- Closed acquisition of Texas Mineral Resources (TMRC); sole operator of Round Top project
- First commercial yttrium metal pour at LCM; produced Dy and NdPr oxides from magnet swarf at Wheat Ridge

## SEC filing metadata
- accession: 0001970622-26-000056
- form_type: 8-K
- ticker: USAR
- cik: 0001970622
- company_name: USA Rare Earth, Inc.
- filed_at: 2026-08-10T20:40:43+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1970622/000197062226000056/0001970622-26-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1970622/000197062226000056/usar-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001970622-26-000056
- JSON: https://secwatch.observer/filing/0001970622-26-000056.json
- Plain text: https://secwatch.observer/filing/0001970622-26-000056.txt

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