For the year ending 2025-12-31, USAR made $1,643,000 in revenue. -$297,429,000 in net income. Net profit margin of -18102.80%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Revenue | 1,643,000 | - | - | |
| Cost of revenue | 1,448,000 | - | - | |
| Gross profit | 195,000 | - | - | |
| Selling, general and administrative | 43,135,000 | - | - | |
| Research and development | 15,885,000 | - | - | |
| Amortization of intangible assets | 678,000 | - | - | |
| Total operating expenses | 59,698,000 | 4,077,377 | 985,212 | |
| Loss from operations | -59,503,000 | -4,077,377 | -985,212 | |
| Loss on issuance of forward purchase agreements | - | -484,843 | - | |
| Interest and dividend income | 5,446,000 | - | - | |
| Change in fair value of forward purchase agreements | - | 435,568 | - | |
| Loss on fair market value of financial instruments, net | -244,488,000 | - | - | |
| Interest income from bank | - | 5,755 | 11,763 | |
| Impairment of equity investment | 0 | - | - | |
| Dividend income earned on marketable securities held in trust account | - | 12,019,932 | 7,721,518 | |
| Interest expense and other income (loss), net | 139,000 | - | - | |
| Total other expense, net | -239,181,000 | 11,976,412 | 7,733,281 | |
| Loss before taxes | -298,684,000 | - | - | |
| Benefit from taxes | -160,000 | - | - | |
| Net loss | -298,524,000 | - | - | |
| Net loss attributable to non-controlling interest | -965,000 | - | - | |
| Net loss attributable to usa rare earth, inc | -297,559,000 | 7,899,035 | 6,748,069 | |
| Foreign currency translation adjustments | -130,000 | - | - | |
| Comprehensive loss attributable to usa rare earth, inc | -297,429,000 | - | - | |
| Basic EPS | -3.31 | 0.39 | 0.7 | |
| Diluted EPS | -3.31 | 0.39 | 0.7 | |
| Basic Average Shares | 98,021,000 | 22,321,940 | 17,916,667 | |
| Diluted Average Shares | 98,021,000 | 22,321,940 | 17,916,667 | |
USA Rare Earth, Inc. (USAR)
USA Rare Earth, Inc. (USAR)