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USA Rare Earth/$USAR

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About USA Rare Earth

USA Rare Earth Inc is a vertically integrated, domestic rare earth magnet supply chain that supports the state of energy, mobility, and national security in the United States. USARE is developing an NdFeB magnet manufacturing plant in the United States, and establishing domestic rare earth and critical minerals supply, extraction, and processing capabilities to both supply its manufacturing plant and market surplus materials to third parties. The company operates in a single reportable operating segment; that segment being the vertically integrated, domestic rare earth element magnet production supply chain. Geographically, it operates in United States, and International. It derives maximum revenue from International.
Ticker
$USAR
Sector
Materials
Primary listing
NASDAQ
Employees
132

USA Rare Earth Metrics

BasicAdvanced
$3.6B
-
-$1.96
2.68
-

What the Analysts think about USA Rare Earth

Analyst ratings (Buy, Hold, Sell) for USA Rare Earth stock.
Analyst projections of the future price of USA Rare Earth stock.

Bulls say / Bears say

The Serra Verde combination closed in September, giving USA Rare Earth ownership of an operating mine that is the only scaled producer of all four magnetic rare earths outside Asia. A government-backed offtake structure includes price floors and a commitment to buy at least $300 million of products over five years, supporting supply and demand visibility. (USA Rare Earth, USA Rare Earth)
USA Rare Earth has secured access to up to $277 million in federal grants and $1.3 billion in government-backed loan capacity, alongside a $1.5 billion private capital raise. This gives the company substantial funding support for its planned domestic supply chain, although access to the government funds depends on project milestones. (NIST, USA Rare Earth)
The company has broken ground on its South Carolina facility, targeting 6,400 tonnes a year of magnet capacity and commissioning from 2028. That would expand its domestic manufacturing footprint alongside the planned Stillwater operation. (USA Rare Earth)
The business is still at an early commercial stage: second-quarter revenue was $5.8 million, while operating cash use was $56.9 million. The company says it has yet to generate revenue from magnet manufacturing or mineral production, leaving its investment case dependent on future scale-up. (USA Rare Earth, SEC)
The growth plan carries substantial execution risk: the new South Carolina plant is a $1.2 billion project targeting commissioning in 2028, while Round Top’s definitive feasibility study is not due for publication until 2027. Delays or higher costs could postpone the move from construction to meaningful production. (USA Rare Earth, USA Rare Earth)
The Commerce Department funding package brings dilution and access risks: the company agreed to issue 16.1 million shares and about 17.6 million warrants, and grant and loan disbursements are tied to project milestones. If it misses those conditions, some planned funding may not be available on schedule or in full. (USA Rare Earth, Reuters)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

USA Rare Earth Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

USA Rare Earth Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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