# MP Materials Corp. / DE: overview

MP · NYSE · CIK 1801368 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mp.md) · [Financials](/companies/mp/financials.md) · [Filings](/companies/mp/filings.md) · [Insiders](/companies/mp/insiders.md)

Latest reported revenue: [$108.5m](/filings/0001801368-26-000048.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001801368-26-000048).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [62.9](/filings/0001801368-25-000054.md) | [61.0 d](/filings/0001801368-26-000008.md) | [60.8](/filings/0001801368-26-000029.md) | [57.4](/filings/0001801368-26-000048.md) | [53.6](/filings/0001801368-25-000054.md) | [52.7 d](/filings/0001801368-26-000008.md) | [90.6](/filings/0001801368-26-000029.md) | [108](/filings/0001801368-26-000048.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(62.8%)](/filings/0001801368-25-000054.md) | [(72.1%) d](/filings/0001801368-26-000008.md) | [(57.2%)](/filings/0001801368-26-000029.md) | [(76.5%)](/filings/0001801368-26-000048.md) | [(125.2%)](/filings/0001801368-25-000054.md) | [(7.0%) d](/filings/0001801368-26-000008.md) | [(26.6%)](/filings/0001801368-26-000029.md) | [(29.5%)](/filings/0001801368-26-000048.md) |
| Net margin | % | [(40.5%)](/filings/0001801368-25-000054.md) | [(36.6%) d](/filings/0001801368-26-000008.md) | [(37.2%)](/filings/0001801368-26-000029.md) | [(53.8%)](/filings/0001801368-26-000048.md) | [(78.0%)](/filings/0001801368-25-000054.md) | [17.9% d](/filings/0001801368-26-000008.md) | [(8.8%)](/filings/0001801368-26-000029.md) | [(18.7%)](/filings/0001801368-26-000048.md) |
| Diluted EPS | $ per share | [(0.16)](/filings/0001801368-25-000054.md) | not reported | [(0.14)](/filings/0001801368-26-000029.md) | [(0.19)](/filings/0001801368-26-000048.md) | [(0.24)](/filings/0001801368-25-000054.md) | not reported | [(0.04)](/filings/0001801368-26-000029.md) | [(0.11)](/filings/0001801368-26-000048.md) |
| Free cash flow | $m | [(53.3) d](/filings/0001801368-25-000054.md) | [(11.2) d](/filings/0001801368-26-000008.md) | [(93.7)](/filings/0001801368-26-000029.md) | [(32.7) d](/filings/0001801368-26-000048.md) | [(92.5) d](/filings/0001801368-25-000054.md) | [(109) d](/filings/0001801368-26-000008.md) | [(79.3)](/filings/0001801368-26-000029.md) | [(223) d](/filings/0001801368-26-000048.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [332](/filings/0001801368-24-000014.md) | [528](/filings/0001801368-25-000009.md) | [253](/filings/0001801368-26-000008.md) | [204](/filings/0001801368-26-000008.md) | [224](/filings/0001801368-26-000008.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [49.8%](/filings/0001801368-24-000014.md) | [62.1%](/filings/0001801368-25-000009.md) | [(7.0%)](/filings/0001801368-26-000008.md) | [(83.1%)](/filings/0001801368-26-000008.md) | [(66.6%)](/filings/0001801368-26-000008.md) |
| Net margin | % | [40.7%](/filings/0001801368-24-000014.md) | [54.8%](/filings/0001801368-25-000009.md) | [9.6%](/filings/0001801368-26-000008.md) | [(32.1%)](/filings/0001801368-26-000008.md) | [(38.3%)](/filings/0001801368-26-000008.md) |
| Diluted EPS | $ per share | [0.73](/filings/0001801368-24-000014.md) | [1.52](/filings/0001801368-25-000009.md) | [0.14](/filings/0001801368-26-000008.md) | [(0.57)](/filings/0001801368-26-000008.md) | [(0.50)](/filings/0001801368-26-000008.md) |
| Free cash flow | $m | [(21.9)](/filings/0001801368-24-000014.md) | [16.9](/filings/0001801368-25-000009.md) | [(199)](/filings/0001801368-26-000008.md) | [(173)](/filings/0001801368-26-000008.md) | [(328)](/filings/0001801368-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $1.91bn | 34,044,068 | Call | Reduced −19,312 |
| [Hancock Prospecting Pty Ltd](/funds/2017993.md) | 2026-06-30 | $832.4m | 14,861,212 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $825.4m | 14,737,381 |  | Reduced −9,544 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $479.1m | 8,554,100 | Call | Reduced −664,600 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $435.4m | 7,773,746 |  | Added +376,519 |
| [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $407.6m | 7,278,100 | Put | Added +2,638,100 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $388.5m | 6,936,364 |  | Added +62,655 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $382.2m | 6,823,168 |  | Added +53,027 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $326.5m | 5,828,919 |  | Added +2,679,767 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $267.3m | 4,772,611 |  | Reduced −779,696 |

## Recent filings

[All 534 filings](/companies/mp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-07 | 18:15 ET | [10-Q](/filings/0001801368-26-000048.md) | Quarterly report, period 2026-06-30 | 0001801368-26-000048 |
| 2026-08-06 | 16:04 ET | [8-K](/filings/0001801368-26-000047.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001801368-26-000047 |
| 2026-06-10 | 16:29 ET | [8-K](/filings/0001801368-26-000035.md) | 5.07 Shareholder vote results | 0001801368-26-000035 |
| 2026-05-08 | 18:14 ET | [10-Q](/filings/0001801368-26-000029.md) | Quarterly report, period 2026-03-31 | 0001801368-26-000029 |
| 2026-05-07 | 16:05 ET | [8-K](/filings/0001801368-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001801368-26-000027 |
| 2026-04-24 | 16:15 ET | [DEF 14A](/filings/0001801368-26-000020.md) | Proxy statement, period 2025-12-31 | 0001801368-26-000020 |
| 2026-02-26 | 16:45 ET | [10-K](/filings/0001801368-26-000008.md) | Annual report, period 2025-12-31 | 0001801368-26-000008 |
| 2026-02-26 | 16:04 ET | [8-K](/filings/0001801368-26-000007.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001801368-26-000007 |
| 2026-01-13 | 19:03 ET | [SCHEDULE 13D/A](/filings/0001831746-26-000009.md) | Ownership report, active investor, amended | 0001831746-26-000009 |
| 2025-11-19 | 08:39 ET | [8-K](/filings/0001193125-25-287046.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-25-287046 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001801368-26-000008.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/639d746a-765e-4176-b72d-0f49a80cd65a)

## About the filer

- CIK: 1801368
- Tickers: MP
- Exchange: NYSE
- SIC code: 1000 Metal Mining
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:30 ET. No prices; not investment advice.