| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 5,698 | 557* | NaN | NaN |
| Cost of revenue | 5,592 | 362* | NaN | NaN |
| Gross profit | 106 | 195 | NaN | NaN |
| Selling, general and administrative | 21,175 | 18,469 | 11,410 | 6,227 |
| Research and development | 14,249 | 7,168 | 4,451 | 2,577 |
| Amortization of intangible assets | 1,357 | 678 | NaN | NaN |
| Total operating expenses | 36,781 | 26,315 | 15,861 | 8,804 |
| Loss from operations | -36,675 | -26,120 | -15,861 | -8,804 |
| Interest and dividend income | 11,970 | 3,184 | 1,310 | 765 |
| Grant income | 206 | NaN | NaN | NaN |
| (loss) gain on fair market value of financial instruments, net | -43,553 | -27,700 | -142,426 | -134,662 |
| Impairment of equity investment | NaN | 0 | NaN | NaN |
| Interest expense and other loss, net | 593 | 23 | 17 | 12 |
| Total other (expense) income, net | -31,970 | -24,539 | -141,133 | -133,909 |
| (loss) income before income taxes | -68,645 | -50,539* | NaN | NaN |
| Benefit from income taxes | -577 | -40* | NaN | NaN |
| Net (loss) income | -68,068 | -50,499 | -156,994 | -142,713 |
| Net loss attributable to non-controlling interest | -1,079 | -294 | -314 | -207 |
| Net (loss) income attributable to usa rare earth, inc | -66,989 | -50,205 | -156,680 | -142,506 |
| Foreign currency translation adjustments | 330 | -130 | NaN | NaN |
| Comprehensive (loss) income attributable to usa rare earth, inc | -67,319 | -50,075 | NaN | NaN |
| Basic EPS | -0.34 | -0.511 | -1.64 | -1.54 |
| Diluted EPS | -0.34 | -0.441 | -1.64 | -1.54 |
| Basic Average Shares | 196,479,000 | 98,021,000* | 102,589,000 | 92,769,000 |
| Diluted Average Shares | 196,479,000 | 113,647,000 | 102,589,000 | 92,769,000 |
USA Rare Earth, Inc. (USAR)
USA Rare Earth, Inc. (USAR)