Symbols / USAR Stock $21.87 -5.24% USA Rare Earth, Inc.

Basic Materials • Other Industrial Metals & Mining • United States • NGM
USAR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Basic Materials
Industry Other Industrial Metals & Mining
CEO Ms. Barbara W. Humpton
Exch · Country NGM · United States
Market Cap 4.77B
Enterprise Value 4.42B
Income -324.51M
Sales 1.64M
FCF (ttm) -47.19M
Book/sh 3.33
Cash/sh 1.65
Employees 132
Insider 10d —
IPO Jul 17, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -16.32
PEG —
P/S 2,901.61
P/B 6.57
P/C —
EV/EBITDA -95.44
EV/Sales 2,689.37
Quick Ratio 9.59
Current Ratio 10.16
Debt/Eq 0.60
LT Debt/Eq —
EPS (ttm) -3.31
EPS next Y -1.34
EPS Growth —
Revenue Growth —
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-13
Earnings (prior) 2026-03-30
ROA -7.78%
ROE -107.16%
ROIC —
Gross Margin 11.87%
Oper. Margin -8.62%
Profit Margin 0.00%
Shs Outstand 217.99M
Shs Float 169.39M
Insider Own 14.94%
Instit Own 32.18%
Short Float 13.14%
Short Ratio 2.10
Short Interest 26.15M
52W High 43.98
vs 52W High -50.27%
52W Low 8.00
vs 52W Low 173.38%
Beta 1.37
Impl. Vol. 0.78%
Rel Volume 0.89
Avg Volume 17.21M
Volume 15.24M
Target (mean) $35.71
Tgt Median $32.00
Tgt Low $29.00
Tgt High $45.00
# Analysts 7
Recom Strong_buy
Prev Close $23.08
Price $21.87
Change -5.24%
About

USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States. It explores for neodymium, dysprosium, terbium, yttrium, gallium, beryllium, lithium, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. USA Rare Earth, Inc. was founded in 2019 and is based in Stillwater, Oklahoma.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.71
Mean price target
2. Current target
$21.87
Latest analyst target
3. DCF / Fair value
$-3.90
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.87
Low
$29.00
High
$45.00
Mean
$35.71

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Canaccord Genuity Buy → Buy $32
2026-04-20 init Wedbush — → Outperform $29
2026-03-31 main Canaccord Genuity Buy → Buy $29
2026-01-30 main Cantor Fitzgerald Overweight → Overweight $35
2026-01-27 main Roth Capital Buy → Buy $35
2026-01-27 main Canaccord Genuity Buy → Buy $33
2025-11-07 main Canaccord Genuity Buy → Buy $23
2025-10-20 init William Blair — → Outperform —
2025-09-30 main Canaccord Genuity Buy → Buy $22
2025-08-01 init Cantor Fitzgerald — → Overweight $16
2025-06-13 init Canaccord Genuity — → Buy $17
2025-05-29 init Roth Capital — → Buy $15
News
RSS: Latest USAR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-15 KERN PAUL J Director — 11,211 — —
2026-04-15 GUTNICK MORDECHAI ZEV Director — 939,618 — —
2026-01-29 BLITZER MICHAEL Chairman of the Board — 100,000 $21.44 $2,143,860
2026-01-29 TRABUCO CAROLYN L. Director — 1,300 $22.60 $29,379
2025-08-13 BLITZER MICHAEL Director and Beneficial Owner of more than 10% of a Class of Security — 2,091,849 $15.75 $32,946,622
2025-08-13 BLITZER MICHAEL Director and Beneficial Owner of more than 10% of a Class of Security — 2,091,849 — —
2025-03-13 KERN PAUL J Director — 163,125 $0.00 $0
2025-03-13 GUTNICK MORDECHAI ZEV Director and Beneficial Owner of more than 10% of a Class of Security — 13,671,026 $0.00 $0
2025-03-13 SMITH TREADY Director and Beneficial Owner of more than 10% of a Class of Security — 15,528,008 $0.00 $0
2025-03-13 RIDGE STEPHEN JAMES Chief Operating Officer — 66,162 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1.64
0.00
0.00
0.00
Operating Revenue
1.64
0.00
0.00
0.00
Cost Of Revenue
1.45
0.00
-100.00%
0.31
+46.67%
0.21
Reconciled Cost Of Revenue
0.54
0.00
-100.00%
0.31
+46.67%
0.21
Gross Profit
0.20
0.00
+100.00%
-0.31
-46.67%
-0.21
Operating Expense
59.70
+283.05%
15.59
-36.35%
24.48
+1.80%
24.05
Research And Development
15.88
+150.51%
6.34
+287.12%
1.64
+504.43%
0.27
Selling General And Administration
43.13
+366.63%
9.24
-56.16%
21.09
+6.62%
19.78
General And Administrative Expense
—
—
21.09
+6.62%
19.78
Salaries And Wages
—
—
12.39
+12.30%
11.03
Other Gand A
—
—
7.65
-3.39%
7.92
Other Operating Expenses
—
4.08
+131.41%
1.76
-56.00%
4.00
Total Expenses
61.15
+292.34%
15.59
-37.14%
24.79
+2.19%
24.26
Operating Income
-59.50
-281.80%
-15.59
+37.14%
-24.79
-2.19%
-24.26
Total Operating Income As Reported
-59.50
-281.80%
-15.59
+37.14%
-24.79
-2.19%
-24.26
EBITDA
-296.96
-1792.91%
-15.69
+34.84%
-24.07
-2.05%
-23.59
Normalized EBITDA
-52.47
-252.06%
-14.90
+39.01%
-24.44
-3.59%
-23.59
Reconciled Depreciation
1.59
+307.71%
0.39
-45.82%
0.72
+7.00%
0.67
EBIT
-298.55
-1756.97%
-16.08
+35.16%
-24.79
-2.19%
-24.26
Total Unusual Items
-244.49
-31084.69%
-0.78
-315.98%
0.36
—
Total Unusual Items Excluding Goodwill
-244.49
-31084.69%
-0.78
-315.98%
0.36
—
Special Income Charges
0.00
+100.00%
-0.41
—
—
Write Off
0.00
-100.00%
0.41
—
—
Net Income
-297.56
-1791.06%
-15.73
-112.20%
-7.42
+68.90%
-23.84
Pretax Income
-298.68
-1722.13%
-16.39
-91.99%
-8.54
+66.57%
-25.54
Net Non Operating Interest Income Expense
5.31
+23173.91%
-0.02
—
—
Interest Expense Non Operating
0.14
-55.87%
0.32
—
—
Net Interest Income
5.31
+23173.91%
-0.02
—
—
Interest Expense
0.14
-55.87%
0.32
—
—
Interest Income Non Operating
5.45
+1765.07%
0.29
—
—
Interest Income
5.45
+1765.07%
0.29
—
—
Other Income Expense
-244.49
-31084.69%
-0.78
-104.82%
16.25
+1372.91%
-1.28
Other Non Operating Income Expenses
—
-0.48
-102.89%
16.77
+23193.06%
0.07
Gain On Sale Of Security
-244.49
-64408.71%
-0.38
-204.41%
0.36
—
Tax Provision
-0.16
0.00
—
—
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-298.52
-1721.16%
-16.39
-91.99%
-8.54
+66.57%
-25.54
Net Income From Continuing Operation Net Minority Interest
-297.56
-1791.06%
-15.73
-112.20%
-7.42
+68.90%
-23.84
Net Income From Continuing And Discontinued Operation
-297.56
-1791.06%
-15.73
-112.20%
-7.42
+68.90%
-23.84
Net Income Continuous Operations
-298.52
-1721.16%
-16.39
-91.99%
-8.54
+66.57%
-25.54
Minority Interests
0.96
+46.88%
0.66
-41.50%
1.12
-33.75%
1.70
Normalized Income
-53.07
-254.97%
-14.95
-92.22%
-7.78
+67.38%
-23.84
Net Income Common Stockholders
-324.51
-1257.51%
-23.91
-222.39%
-7.42
+68.90%
-23.84
Otherunder Preferred Stock Dividend
26.95
+229.91%
8.17
—
—
Diluted EPS
-3.31
-1034.75%
-0.29
-133.77%
-0.12
+68.90%
-0.40
Basic EPS
-2.01
-589.01%
-0.29
-133.77%
-0.12
+68.90%
-0.40
Basic Average Shares
148.06
+80.66%
81.95
+37.91%
59.42
+0.00%
59.42
Diluted Average Shares
148.06
+80.66%
81.95
+37.91%
59.42
+0.00%
59.42
Diluted NI Availto Com Stockholders
-324.51
-1257.51%
-23.91
-222.39%
-7.42
+68.90%
-23.84
Amortization
0.68
0.00
—
—
Amortization Of Intangibles Income Statement
0.68
0.00
—
—
Depreciation Amortization Depletion Income Statement
0.68
0.00
-100.00%
0.31
+46.67%
0.21
Depreciation And Amortization In Income Statement
0.68
0.00
-100.00%
0.31
+46.67%
0.21
Earnings From Equity Interest
—
—
-0.88
+34.84%
-1.35
Insurance And Claims
—
—
1.05
+26.54%
0.83
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
695.00
+906.24%
69.07
-73.38%
259.47
+288.11%
66.86
Current Assets
385.38
+1630.23%
22.27
+4357.64%
0.50
-98.17%
27.32
Cash Cash Equivalents And Short Term Investments
359.93
+2047.40%
16.76
+5980.21%
0.28
-98.98%
26.97
Cash And Cash Equivalents
359.93
+2047.40%
16.76
+5980.21%
0.28
-98.98%
26.97
Cash Financial
—
0.00
-99.24%
0.28
—
Receivables
3.76
0.00
—
—
Accounts Receivable
3.76
0.00
—
—
Inventory
18.54
0.00
—
—
Raw Materials
16.53
—
—
—
Work In Process
0.77
—
—
—
Finished Goods
1.23
—
—
—
Prepaid Assets
0.73
+1146.68%
0.06
-73.93%
0.22
-35.82%
0.35
Current Deferred Assets
0.00
-100.00%
5.13
—
—
Other Current Assets
2.42
+541.01%
0.38
—
—
Total Non Current Assets
309.62
+561.65%
46.80
-81.93%
258.97
+555.04%
39.53
Net PPE
105.99
+126.74%
46.74
+7.27%
43.58
+13.12%
38.52
Gross PPE
107.82
+130.66%
46.74
+4.34%
44.80
+14.34%
39.18
Accumulated Depreciation
-1.83
—
-1.22
-85.02%
-0.66
Land And Improvements
1.11
—
1.11
-0.54%
1.12
Buildings And Improvements
9.60
—
—
—
Machinery Furniture Equipment
0.06
—
0.11
+0.00%
0.11
Construction In Progress
61.23
+1900.95%
3.06
-87.81%
25.11
+29.94%
19.32
Other Properties
35.02
-19.83%
43.68
+4316.99%
0.99
-27.01%
1.35
Leases
0.80
—
0.37
+0.27%
0.37
Goodwill And Other Intangible Assets
203.46
0.00
—
—
Goodwill
134.85
0.00
—
—
Other Intangible Assets
68.61
—
—
—
Investments And Advances
—
—
0.04
-95.77%
0.94
Long Term Equity Investment
—
—
0.04
-95.77%
0.94
Other Non Current Assets
0.18
+238.46%
0.05
-99.98%
258.97
+369859.31%
0.07
Total Liabilities Net Minority Interest
200.71
+452.96%
36.30
+170.68%
13.41
-61.48%
34.81
Current Liabilities
37.91
+447.45%
6.92
+2133.98%
0.31
-97.11%
10.74
Payables And Accrued Expenses
25.14
+413.73%
4.89
+1478.79%
0.31
-96.99%
10.29
Payables
11.07
+507.19%
1.82
+675.79%
0.23
-90.13%
2.38
Accounts Payable
11.07
+507.19%
1.82
+675.79%
0.23
-90.13%
2.38
Current Accrued Expenses
14.07
+358.25%
3.07
+3994.67%
0.07
-99.05%
7.91
Current Debt And Capital Lease Obligation
2.27
+165.69%
0.85
+88.94%
0.45
+2.26%
0.44
Current Debt
1.85
+122.50%
0.83
—
—
Other Current Borrowings
—
1.20
—
—
Current Capital Lease Obligation
0.42
+1726.09%
0.02
-94.91%
0.45
+2.26%
0.44
Current Deferred Liabilities
10.50
0.00
—
—
Current Deferred Revenue
10.50
0.00
—
—
Other Current Liabilities
—
1.18
—
—
Total Non Current Liabilities Net Minority Interest
162.80
+454.26%
29.37
+124.22%
13.10
-45.58%
24.07
Long Term Debt And Capital Lease Obligation
0.78
—
0.64
+39.35%
0.46
Long Term Debt
—
—
0.62
—
Long Term Capital Lease Obligation
0.78
—
0.02
-95.43%
0.46
Tradeand Other Payables Non Current
—
13.10
+0.00%
13.10
—
Non Current Deferred Liabilities
24.91
+203.84%
8.20
+0.00%
8.20
+143.03%
3.37
Non Current Deferred Revenue
8.20
+0.00%
8.20
+0.00%
8.20
+143.03%
3.37
Non Current Deferred Taxes Liabilities
16.71
—
—
—
Other Non Current Liabilities
108.67
—
0.04
-99.78%
20.24
Preferred Securities Outside Stock Equity
8.90
-57.94%
21.17
—
—
Stockholders Equity
492.63
+1535.13%
30.13
-88.37%
258.97
0.00
Common Stock Equity
492.63
+1535.13%
30.13
+4820380.00%
0.00
-100.00%
27.48
Capital Stock
0.01
+150.00%
0.01
-100.00%
258.97
+259.13%
72.11
Common Stock
0.01
+150.00%
0.01
+860.00%
0.00
-99.98%
3.50
Preferred Stock
—
24.08
-90.70%
258.97
+277.45%
68.61
Share Issued
148.06
+80.66%
81.95
+0.00%
81.95
+0.00%
81.95
Ordinary Shares Number
148.06
+80.66%
81.95
+0.00%
81.95
+0.00%
81.95
Additional Paid In Capital
879.85
+744.03%
104.24
0.00
0.00
Retained Earnings
-387.36
-431.56%
-72.87
-464.42%
-12.91
+71.07%
-44.63
Gains Losses Not Affecting Retained Earnings
0.13
0.00
—
—
Minority Interest
1.65
-37.46%
2.64
-20.65%
3.33
-27.10%
4.57
Other Equity Adjustments
0.13
—
—
—
Total Equity Gross Minority Interest
494.29
+1408.30%
32.77
-86.68%
246.06
+667.86%
32.05
Total Capitalization
492.63
+1535.13%
30.13
-87.76%
246.06
+795.55%
27.48
Working Capital
347.46
+2163.90%
15.35
+7991.78%
0.19
-98.86%
16.58
Invested Capital
494.48
+1497.22%
30.96
+4953340.00%
0.00
-100.00%
27.48
Total Debt
3.05
+256.67%
0.85
-21.87%
1.09
+21.18%
0.90
Net Debt
—
1.20
—
—
Capital Lease Obligations
1.20
+5104.35%
0.02
-95.14%
0.47
-47.56%
0.90
Net Tangible Assets
289.17
+859.81%
30.13
-88.37%
258.97
0.00
Tangible Book Value
289.17
+859.81%
30.13
+4820380.00%
0.00
-100.00%
27.48
Current Notes Payable
1.85
+122.50%
0.83
—
—
Derivative Product Liabilities
19.53
+39542.82%
0.05
0.00
0.00
General Partnership Capital
—
—
0.00
0.00
Limited Partnership Capital
—
—
93.38
+29.49%
72.11
Other Equity Interest
—
-1.25
—
—
Preferred Stock Equity
—
24.08
-90.70%
258.97
+277.45%
68.61
Total Partnership Capital
—
-17.03
-31.92%
-12.91
-146.99%
27.48
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-48.98
-277.07%
-12.99
+40.76%
-21.93
-48.16%
-14.80
Cash Flow From Continuing Operating Activities
-48.98
-277.07%
-12.99
+40.76%
-21.93
-48.16%
-14.80
Net Income From Continuing Operations
-298.52
-1721.16%
-16.39
-91.99%
-8.54
+66.57%
-25.54
Depreciation Amortization Depletion
1.59
+307.71%
0.39
-45.82%
0.72
+7.00%
0.67
Depreciation
0.91
+133.42%
0.39
-45.82%
0.72
+7.00%
0.67
Amortization Cash Flow
0.68
0.00
—
—
Depreciation And Amortization
1.59
+307.71%
0.39
-45.82%
0.72
+7.00%
0.67
Amortization Of Intangibles
0.68
0.00
—
—
Other Non Cash Items
2.91
+730.57%
0.35
+102.09%
-16.77
—
Stock Based Compensation
8.76
+404.03%
1.74
+26.49%
1.37
-57.45%
3.23
Asset Impairment Charge
0.00
-100.00%
0.41
—
—
Operating Gains Losses
—
-11.97
-1461.85%
0.88
-34.84%
1.35
Gain Loss On Investment Securities
—
-11.97
—
—
Unrealized Gain Loss On Investment Securities
244.62
+64444.85%
0.38
—
—
Change In Working Capital
-8.34
-6056.43%
0.14
-65.94%
0.41
-92.51%
5.49
Change In Receivables
-0.60
0.00
—
—
Changes In Account Receivables
-0.60
0.00
—
—
Change In Inventory
-3.21
0.00
—
—
Change In Prepaid Assets
-2.01
-3017.39%
0.07
+178.41%
-0.09
-111.10%
0.79
Change In Payables And Accrued Expense
-1.56
-820.37%
0.22
+105.44%
-3.97
-322.38%
1.79
Change In Accrued Expense
3.93
+549.77%
-0.87
+55.81%
-1.98
-234.83%
1.47
Change In Payable
-5.49
-603.39%
1.09
+154.61%
-2.00
-723.75%
0.32
Change In Account Payable
-5.49
-603.39%
1.09
+154.61%
-2.00
-723.75%
0.32
Change In Other Working Capital
-0.64
—
4.83
+43.03%
3.37
Change In Other Current Assets
—
—
0.15
+1722.22%
-0.01
Change In Other Current Liabilities
-0.33
-126.21%
-0.14
+70.94%
-0.50
-9.67%
-0.46
Investing Cash Flow
-139.57
-4148.58%
-3.29
+44.85%
-5.96
+60.70%
-15.15
Cash Flow From Continuing Investing Activities
-139.57
-4148.58%
-3.29
+44.85%
-5.96
+60.70%
-15.15
Net PPE Purchase And Sale
—
—
-5.96
-16.49%
-5.11
Purchase Of PPE
—
—
-5.96
-16.49%
-5.11
Capital Expenditure
-37.36
-1102.41%
-3.11
+47.83%
-5.96
-16.49%
-5.11
Capital Expenditure Reported
-37.36
-1102.41%
-3.11
—
—
Net Investment Purchase And Sale
—
246.92
—
—
Purchase Of Investment
—
0.00
—
—
Sale Of Investment
—
246.92
—
—
Net Business Purchase And Sale
-102.21
0.00
0.00
+100.00%
-10.04
Purchase Of Business
-102.21
0.00
0.00
+100.00%
-10.04
Net Other Investing Changes
—
-0.18
—
—
Financing Cash Flow
531.72
+2580.29%
19.84
+40.58%
14.11
-36.60%
22.26
Cash Flow From Continuing Financing Activities
531.72
+2580.29%
19.84
+40.58%
14.11
-36.60%
22.26
Net Issuance Payments Of Debt
0.36
0.00
-100.00%
1.00
0.00
Issuance Of Debt
—
1.20
+20.00%
1.00
0.00
Repayment Of Debt
—
0.00
—
—
Long Term Debt Issuance
—
1.20
+20.00%
1.00
0.00
Long Term Debt Payments
—
0.00
—
—
Net Long Term Debt Issuance
0.36
0.00
-100.00%
1.00
0.00
Net Common Stock Issuance
190.08
0.00
-100.00%
13.11
0.00
Common Stock Payments
—
-246.92
-129175.40%
-0.19
0.00
Repurchase Of Capital Stock
—
-246.92
-129175.40%
-0.19
0.00
Proceeds From Stock Option Exercised
303.85
0.00
—
—
Net Other Financing Charges
14.19
+350.55%
-5.66
—
22.26
Changes In Cash
343.16
+9534.03%
3.56
+125.86%
-13.77
-78.95%
-7.70
Beginning Cash Position
16.76
+26.99%
13.20
-51.06%
26.97
-22.20%
34.67
End Cash Position
359.93
+2047.40%
16.76
+26.99%
13.20
-51.06%
26.97
Free Cash Flow
-86.34
-436.36%
-16.10
+42.27%
-27.88
-40.03%
-19.91
Interest Paid Supplemental Data
0.02
0.00
—
—
Common Stock Issuance
190.08
0.00
-100.00%
13.30
0.00
Earnings Losses From Equity Investments
—
—
0.88
-34.84%
1.35
Issuance Of Capital Stock
213.33
+736.58%
25.50
+91.69%
13.30
0.00
Net Preferred Stock Issuance
23.25
-8.82%
25.50
+94.48%
13.11
0.00
Preferred Stock Issuance
23.25
-8.82%
25.50
+91.69%
13.30
0.00
Preferred Stock Payments
—
—
-0.19
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category