MP
MP Materials Corp.53.42
+0.16+0.3%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
9.47BP/E (TTM)
-Basic EPS (TTM)
-0.70Dividend Yield
0%Recent Filings
8-K
8-K
8-K
MP Materials secures $275M revolving credit on August 25, 2025, supporting operations with SOFR-based rates and standard covenants.
MP Materials Corp. enters into a $275 million revolving credit facility on August 25, 2025, for general corporate purposes. The facility features variable interest rates based on SOFR plus margins, commitment fees on unused portions, and a $200 million letter of credit sublimit. Covenants include liquidity maintenance and leverage ratios post-trigger event, with events of default triggering acceleration.
8-K
Registers DoD shares for resale
MP Materials filed a prospectus supplement on August 15, 2025, registering up to 24,521,672 shares of common stock for potential resale by the U.S. Department of Defense, stemming from a July 10, 2025, agreement involving preferred stock and a warrant. This routine step fulfills registration rights without triggering any immediate issuance or sale by the company. No proceeds would flow to MP if shares are sold. Filing underscores ongoing DoD ties, yet leaves conversion decisions to the government.
10-Q
Q2 FY2025 results
MP Materials posted Q2 revenue of $57.4M, up 84% y/y but down 16% q/q (derived), fueled by NdPr oxide/metal sales of $25.0M and new magnet precursor revenue of $19.9M, while concentrate fell 51% y/y to $11.9M after halting China shipments. Operating loss narrowed to $43.9M from $53.5M y/y, with gross margin edging up to 12.1% amid lower inventory reserves and 45X credits, yet net loss widened to $30.9M or $(0.19) diluted EPS from $(0.21) as other income dipped. Cash and equivalents stood at $753.7M against $910.8M debt, bolstered by a post-quarter $724M equity raise and DoD's $400M preferred investment plus $150M loan for magnet expansion. Free cash flow turned negative at $(114.1M) from capex of $59.5M. DoD's 10-year NdPr floor and magnet offtake lock in stability, but regulatory hurdles could snag the buildout.
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