Highest-materiality recent filing
MP Materials Q1 2026: NdPr sales up 117% to record 1,006 MT; revenue $90.6M (+49% YoY)
Record NdPr production of 917 MT (+63% YoY); NdPr sales of 1,006 MT (+117% YoY); REO production 12,983 MT (+6% YoY).
MP Materials Reports Q4 and Full Year 2025 Results; Records Net Income of $9.4M
Produced first NdFeB magnets on commercial equipment at Independence
MP Materials, U.S. Department of War, and Maaden signed binding agreement for rare earth refinery JV in Saudi Arabia.
MP Materials Q3 net loss widens to $41.8M; record NdPr production up 51% YoY
Record NdPr oxide production of 721 MT (+51% YoY); second best total REO output of 13,254 MT.
MP Materials grants $28M performance-based PRSUs to execs tied to U.S. DoD milestones
CEO James Litinsky receives $15M target PRSUs; COO $7.5M, CFO $3.5M, GC $2M.
MP Materials signs $275M revolver, $200M LC sublimit, 5-year term
$275M revolving credit facility with 5-year maturity from JPMorgan-led syndicate.
MP Materials files resale prospectus for up to 24.5M shares held by U.S. DoD
Filed prospectus supplement to register resale of up to 24,521,672 common shares by U.S. Department of Defense.
Revenue $57.4M, up 84% YoY; net loss narrowed to $30.9M from $34.1M.
MP Materials prices upsized $650M public offering of 11.8M shares at $55/share
11,818,181 shares sold at $55.00 each; over-allotment of 1,772,727 shares exercised in full.
MP Materials signs $500M long-term recycled rare earth magnet supply deal with Apple
Agreement value $500 million; Apple makes $200 million prepayment for magnet purchases.
MP Materials and DoD form $900M+ public-private partnership for rare earth magnet supply chain
DoD invests $400M in Series A Preferred Stock (7% PIK dividend) with up to $350M additional equity and a $150M loan for samarium separation.
MP Materials shareholders elect 3 Class II directors, approve say-on-pay, ratify KPMG
Elected Connie K. Duckworth (67.8M for, 21.1M withheld), Maryanne R. Lavan (71.6M for, 17.3M withheld), Richard B. Myers (71.6M for, 17.3M withheld) as Class II directors.
MP Materials Q1 revenue +25% to $60.8M; net loss $22.6M vs prior-year profit
Revenue $60.8M, up 25% YoY; net loss widened to $22.6M from $16.5M income in Q1 2024.
MP Materials appoints David Infuso as Chief Accounting Officer, effective April 4, 2025
David G. Infuso appointed Chief Accounting Officer, replacing Ryan Corbett as principal accounting officer.
MP Materials Q4 revenue up 48% to $61M; net loss widens to $22.3M; begins commercial NdPr metal
Record REO concentrate production 45,455 metric tons in 2024, up from prior year.
MP Materials starts commercial NdPr metal and trial magnet production at Texas facility
Commercial NdPr metal production and trial NdFeB magnet production underway at Independence, Texas.
MP Materials exchanges $142.3M of 0.25% notes due 2026 for $115.3M of 3.00% notes due 2030
Exchanged ~$142.3M of 2026 0.25% green convertible notes for ~$115.3M of 2030 3.00% convertible notes.
MP Materials exchanges $131.6M of 0.25% notes due 2026 for $106.6M of 3.00% notes due 2030
Exchange reduces outstanding principal by ~$25M and extends debt maturity from 2026 to 2030.
MP Materials Q3 revenue $62.9M (+20% YoY), net loss widens to $25.5M, record NdPr production
Revenue $62.9M (+20% YoY); net loss $25.5M vs $4.3M loss last year.
MP Materials boosts share repurchase program by $300M to $600M, extends through Aug 2026
Board approved $300M increase, raising total authorization to $600M; program extended to August 30, 2026.
MP Materials Q2 net loss $34M; revenue down 51% YoY; NdPr production doubles QoQ to 272 MT
Revenue $31.3M (-51% YoY); net loss $34.1M vs $7.4M income; adj. EBITDA -$27.1M.
MP Materials shareholders elect directors, approve say-on-pay, ratify KPMG at annual meeting
Elected James H. Litinsky (66.4M for) and Andrew A. McKnight (66.2M for) as Class I directors.
MP Materials Q1 revenue falls 49% to $48.7M; repurchases 7.3% of shares, refinances debt
Revenue $48.7M (-49% YoY); net income $16.5M (-56% YoY); diluted EPS -$0.08 vs $0.20.
MP Materials elects cash-and-stock settlement for 2026 convertible notes
Irrevocably elected Combination Settlement for 0.25% Convertible Senior Notes due 2026, effective March 20, 2024.
MP Materials closes $747.5M 3.00% convertible note offering; repurchases shares and 2026 notes
Issued $747.5M aggregate principal of 3.00% Convertible Senior Notes due 2030 at 100% of par.
MP Materials announces $500M convertible note offering and $300M share buyback
$500M convertible senior notes due 2030 offered privately to QIBs; initial purchasers may buy additional $75M.
MP Materials Q4 revenue $41.2M (-56% YoY), net loss $16.3M; FY2023 net income $24.3M
Q4 2023 revenue $41.2M, down 56% YoY; net loss $16.3M vs net income $67M in Q4 2022.
On April 4, 2025, David G. Infuso was appointed as the Chief Accounting Officer and the principal accounting officer of MP Materials Corp. (the “Company”).
Max materiality 0.95 · Median 0.70 · Most common event earnings