NYSE$MP
MP Materials Corp. · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
MP Materials Corp. reported Q2 2025 results with revenue of $57.4 million and a net loss of $30.9 million.
The company generated $57.4 million in revenue for the quarter ended June 30, 2025, driven by increased sales of NdPr oxide and metal as well as initial magnetic precursor products. Operating loss narrowed to $43.9 million from $53.5 million in the prior-year quarter. The company also announced subsequent strategic partnerships with the DoD and Apple after quarter end.
- Revenue rose 84% year-over-year to $57.4 million, led by NdPr and magnetic precursor product sales.
- Net loss improved to $30.9 million as production of separated products ramped.
- Materials segment revenue reached $37.5 million while Magnetics contributed $19.9 million.
- Cash and cash equivalents stood at $261.5 million with total assets of $2.34 billion.
Headline financials
Revenue & EPS history
MP Materials · Revenue · Quarterly
$55.3M
Revenue by segment
MP Materials · $57.4M total across 2 segments · Q2 2025
- Materials$37.5M—65.4%
- Magnetics$19.9M—34.6%
Forward guidance
The company continues to advance downstream capabilities and expects further production ramp of separated products and magnets.
Tailwinds
- Strategic DoD partnership provides price floor and offtake commitments
- Apple supply agreement adds long-term magnet demand
Headwinds
- Cessation of China concentrate shipments reduces near-term revenue
- Elevated production costs during ramp-up of separations and magnet facilities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.7%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+1.4%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+14.7%
Q4 2021
Best reaction
-19.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -5.0% | -10.0% | -18.6% | |
| Q4 2025 | -1.8% | +2.7% | -13.7% | |
| Q3 2025 | +12.9% | +15.0% | +19.5% | |
| Q1 2025 | -7.7% | -11.6% | +7.8% | |
| Q4 2024 | +4.8% | +2.5% | +11.7% | |
| Q3 2024 | -0.9% | +0.9% | +0.2% | |
| Q2 2024 | -17.4% | -18.8% | -4.6% | |
| Q1 2024 | -3.1% | +1.8% | +1.9% | |
| Q4 2023 | -6.8% | -2.9% | -15.1% | |
| Q3 2023 | +4.1% | +3.6% | +7.2% | |
| Q2 2023 | +5.4% | +2.5% | -2.9% | |
| Q1 2023 | +0.4% | +8.5% | +7.2% | |
| Q4 2022 | +4.8% | +11.1% | -17.7% | |
| Q3 2022 | +9.0% | +9.8% | +16.5% | |
| Q2 2022 | +11.0% | +8.0% | -7.4% | |
| Q1 2022 | -7.1% | -11.1% | -4.6% | |
| Q4 2021 | +14.7% | +0.5% | +34.2% | |
| Q3 2021 | +4.8% | +21.8% | +18.7% | |
| Q2 2021 | +4.2% | +6.0% | -3.5% | |
| Q1 2021 | -12.1% | -15.3% | +0.5% | |
| Q2 2020 | -19.8% | -23.9% | -36.9% | |
| Q4 2019 | -19.8% | -23.9% | -36.9% | |
| Q4 2020 | +4.3% | -16.3% | -30.5% | |
| Q3 2020 | +4.1% | +0.0% | +101.2% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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