USA Rare Earth, Inc. (USAR)
Nasdaq · Metal Mining · Mining · CIK 1970622 · fiscal year ends in Dec
Closing price $10.52 on 29 Oct 2026; 52-week range $8.89 to $30.70.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Market value
- $2.6B
- Cash
- $1.5B
- Debt
- $0
- Debt to equity
- 0.00
- Shares outstanding
- 244.7M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $1.6M | -$59.5M | -$297.6M | -$3.31 | -$86.3M | 10-K filed 30 Mar 2026 |
| FY2024 | 31 Dec 2024 | $0 | -$15.6M | -$15.7M | -$0.40 | -$16.1M | 10-K filed 30 Mar 2026 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $5.8M | -$10.3M | -$0.05 |
| Q1 FY2026 | 31 Mar 2026 | $5.7M | -$67.0M | -$0.34 |
| Q2 FY2025 | 30 Jun 2025 | $0 | -$142.5M | -$1.54 |
| Q1 FY2025 | 31 Mar 2025 | $0 | $51.8M | $0.58 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| International | $1.5M | 94.0% |
| United States | $99.0K | 6.0% |
Company events
The newest 8-K filings of 61 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 1 Oct 2026 | 8-K | Investor update | 7.01, 9.01 |
| 15 Sep 2026 | 8-K | Other events | 8.01, 9.01 |
| 4 Sep 2026 | 8-K | Deal completed, Leadership change, Material agreement, New debt, Share sale, Investor update, Other events | 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 8.01, 9.01 |
| 31 Aug 2026 | 8-K | Shareholder vote | 5.07 |
| 24 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 7 Aug 2026 | 8-K | Deal completed | 2.01, 9.01 |
| 23 Jul 2026 | 8-K | Share sale, Investor update, Other events | 3.02, 7.01, 8.01, 9.01 |
| 20 Jul 2026 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 16 Jul 2026 | 8-K | Material agreement, Other events | 1.01, 8.01, 9.01 |
| 18 Jun 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 15 Jun 2026 | 8-K | Other events | 8.01, 9.01 |
Every filing
The newest filings with the SEC of 177 held.
| Filed | Form | Period |
|---|---|---|
| 1 Oct 2026 | 8-K | 1 Oct 2026 |
| 15 Sep 2026 | EFFECT | – |
| 15 Sep 2026 | EFFECT | – |
| 15 Sep 2026 | 8-K | 15 Sep 2026 |
| 4 Sep 2026 | S-3 | – |
| 4 Sep 2026 | S-3 | – |
| 4 Sep 2026 | 8-K | 3 Sep 2026 |
| 31 Aug 2026 | 8-K | 28 Aug 2026 |
| 24 Aug 2026 | DEFA14A | – |
| 24 Aug 2026 | 8-K | 21 Aug 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Humpton Barbara, Former Chief Executive Officer | Sale outside a trading plan | 88,391 | $13.75 | $1.2M | 130,939 | 5 Oct 2026 |
| 8 Jun 2026 | Trabuco Carolyn, Director | Sale outside a trading plan | 13,000 | $22.77 | $296.0K | 18,783 | 8 Jun 2026 |
| 29 Jan 2026 | Trabuco Carolyn, Director | Purchase | 1,300 | $22.60 | $29.4K | 1,300 | 29 Jan 2026 |
| 29 Jan 2026 | Blitzer Michael, Director | Purchase | 100,000 | $21.44 | $2.1M | 847,500 | 29 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 2 Oct 2026 | Humpton Barbara, Former Officer and Director | 88,391 | $1.2M | 2 Oct 2026 |
| 8 Jun 2026 | Trabuco Carolyn, Director | 13,000 | $296.0K | 8 Jun 2026 |
| 5 Jun 2026 | Critical Minerals Trust, Affiliate, 10% Owner | 3,877,565 | $105.1M | 5 Jun 2026 |
| 11 May 2026 | Bayshore Capital Advisors, LLC, Director | 176,778 | $4.8M | 11 May 2026 |
| 6 May 2026 | Bayshore Capital Advisors, LLC, Director | 100,000 | $2.8M | 6 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Oct 2026 | BlackRock, Inc. | 13G amended | 4.6% | 17.2M |
| 11 Sep 2026 | EMG Fund V SVRE Holdings, LLC | 13G | 7.8% | 29.2M |
| 11 Sep 2026 | VB (Rare Earths) Ltd | 13D | 7.9% | 29.5M |
| 11 Sep 2026 | Serra Verde Rare Earths Ltd. | 13G | 12.5% | 47.0M |
| 14 Aug 2026 | Alyeska Investment Group, L.P. | 13G amended | 4.61% | 11.3M |
| 9 Jun 2026 | Gutnick Mordechai Zev | 13D amended | 6.8% | 15.6M |
| 15 May 2026 | Alyeska Investment Group, L.P. | 13G amended | 7.6% | 16.6M |
| 12 May 2026 | STATE STREET CORPORATION | 13G | 5.5% | 12.1M |
| 27 Apr 2026 | BlackRock, Inc. | 13G | 5.9% | 12.9M |
| 23 Apr 2026 | Bayshore Capital Advisors, LLC | 13G amended | 3.97% | 8.7M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 51.5M | +14.02% | 3.53 |
| 30 Sep 2026 | 45.2M | +15.67% | 3.34 |
| 15 Sep 2026 | 39.0M | +26.86% | 3.19 |
| 31 Aug 2026 | 30.8M | +8.31% | 2.41 |
| 14 Aug 2026 | 28.4M | -2.18% | 2.16 |
| 31 Jul 2026 | 29.1M | +0.57% | 2.68 |
| 15 Jul 2026 | 28.9M | +4.26% | 2.94 |
| 30 Jun 2026 | 27.7M | +6.8% | 1.97 |
Funds that hold it
From each fund's latest Form 13F.
443 funds held it at 30 Jun 2026: 255 added and 63 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 15,560,453 | $335.8M | +1,474,835 |
| State Street Corp. | 13,522,226 | $291.8M | +1,456,478 |
| Alyeska Investment Group, L.P. | 11,290,321 | $243.6M | -5,280,456 |
| UBS Group AG | 8,913,844 | $192.4M | +5,030,029 |
| Price T Rowe Associates Inc. | 8,913,480 | $192.4M | +5,710,125 |
| Vanguard Capital Management LLC | 8,240,608 | $177.8M | -121,388 |
| Vanguard Portfolio Management LLC | 5,495,447 | $118.6M | +4,087,930 |
| Geode Capital Management, LLC | 4,858,203 | $104.9M | +540,361 |
| Bayshore Capital Advisors, LLC | 4,438,785 | $95.8M | -4,304,431 |
| Renaissance Technologies LLC | 3,951,100 | $85.3M | +2,995,722 |
Peers
Companies in the same industry.
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- Southern Copper Corp. (SCCO): revenue $15.8B, market value $159.9B
- Rio Tinto plc (RIO): revenue $57.6B, market value $135.5B
- Freeport-McMoRan Inc. (FCX): revenue $25.9B, market value $95.0B
- Vale S.A. (VALE): revenue $38.4B, market value $47.6B
- Cleveland-Cliffs Inc. (CLF): revenue $20.1B, market value $8.1B
- MP Materials Corp. (MP): revenue $305.4M, market value $7.4B
- Ivanhoe Electric Inc. (IE): revenue $3.0M, market value $1.3B