USA Rare Earth | 8-K: FY2025 Q3 Revenue: USD 0
Revenue: As of FY2025 Q3, the actual value is USD 0.
EPS: As of FY2025 Q3, the actual value is USD -1.64.
Financial Highlights
Cash Position
USA Rare Earth, Inc. ended the third quarter of 2025 with $258 million in cash and no significant debt. Subsequent to the quarter end, the cash balance increased to over $400 million due to an additional $163 million raised from the exercise of warrants.
Net Loss
The net loss attributable to USA Rare Earth, Inc. for Q3 2025 was - $156.68 million, compared to - $1.869 million in Q3 2024. For the nine months ended September 30, 2025, the net loss was - $247.354 million, compared to - $8.938 million for the same period in 2024.
Operating Expenses
Total operating expenses for Q3 2025 were $15.861 million, up from $1.959 million in Q3 2024. Year-to-date operating expenses were $33.383 million, compared to $9.668 million in the previous year.
Cash Flow
Net cash used in operating activities for Q3 2025 was - $2.849 million, compared to - $1.210 million in Q3 2024. For the nine months ended September 30, 2025, net cash used in operating activities was - $21.087 million, compared to - $9.487 million in the same period of 2024.
Free Cash Flow
The company reported capital expenditures and equipment deposits of - $7.101 million for Q3 2025, compared to - $1.201 million in Q3 2024. Year-to-date capital expenditures were - $13.398 million, compared to - $2.256 million in the previous year.
Outlook / Guidance
USA Rare Earth, Inc. is progressing towards the commissioning of its Stillwater, Oklahoma magnet facility for commercial scale production in Q1 2026. The company is also moving into the Pre-Feasibility Study phase for the Round Top project, with completion targeted for the second half of 2026. Additionally, the acquisition of Less Common Metals Ltd. is expected to enhance the company’s capabilities in the rare earth magnet supply chain.
