MP
MP Materials Corp.
NYSEUSDEQUITY
Basic Materials
DELAYED
Sell
-30/100
Last price
48.66
▲ 1.82 (3.89%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
46.93
Prev close
46.84
Day high
48.65
Day low
47.30
Volume
4.32M
Market cap
$8.64B
P/E (TTM)
—
52W range
37.81 – 100.25
Day trading desk
Gap from prior close
+0.19%
Prior close 46.84
VWAP
48.31
+0.73% from price
Relative volume
1.10×
Normal
Session range
3.84%
46.90 – 48.70
Position in range
98%
Near session high
ATR (14D)
2.28
4.68% of price
Prior day high
47.80
PDH
Prior day low
46.46
PDL
Bid / ask spread
—
Quote not published
Session volume
6.47M
Avg 5.87M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+6.82%
+4.9%
1M
-11.00%
-12.2%
3M
-8.43%
-13.0%
6M
-1.94%
-20.1%
YTD
-3.94%
-18.2%
1Y
-32.13%
-48.5%
3Y
+154.08%
+71.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-1.17M
Net selling
Buy transactions
8
44.36K shares
Sell transactions
6
1.21M shares
Net transactions
+14
Buys less sells
Sell : buy shares
27.3 : 1
Heavily one-sided
Insider-held shares
34.94M
Total on file
Fundamentals
Market cap$8.64B
Enterprise value$8.59B
Revenue (TTM)$416.25M
Gross profit$176.18M
EBITDA$40.68M
Net income$-60.62M
EPS (TTM)$-0.34
Free cash flow$-432.95M
Total cash$1.45B
Total debt$981.62M
Book value / share$10.99
Shares outstanding178.10M
Float144.32M
Short % of float20.50%
Dividend yield0.00%
Beta (5Y)1.99
Valuation & profitability ratios
Trailing P/E—
Forward P/E58.96
PEG ratio—
Price / sales—
Price / book4.41
EV / revenue20.63
EV / EBITDA211.08
Gross margin42.33%
Operating margin-14.72%
Profit margin-14.56%
Return on equity-3.58%
Return on assets-1.52%
Debt / equity41.40
Current ratio9.51
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $224.44M | $203.85M | $253.44M | $527.51M | +10.1% |
| Operating revenue | $224.44M | $203.85M | $253.44M | $517.27M | +10.1% |
| Cost of revenue | $282.06M | $270.64M | $148.42M | $110.57M | +4.2% |
| Gross profit | -$57.62M | -$66.79M | $105.02M | $416.94M | +13.7% |
| Research & development | $24.21M | $9.31M | $14.93M | $4.25M | +160.1% |
| Selling, general & admin | $112.07M | $83.30M | $79.25M | $75.86M | +34.5% |
| Total operating expense | $87.47M | $96.95M | $101.41M | $81.97M | -9.8% |
| Operating income | -$145.09M | -$163.74M | $3.61M | $334.96M | +11.4% |
| Net interest income | -$31.48M | -$23.01M | -$5.25M | -$5.79M | -36.8% |
| Pre-tax income | -$117.77M | -$93.35M | $33.08M | $341.15M | -26.2% |
| Tax provision | -$31.90M | -$27.92M | $8.77M | $52.15M | -14.2% |
| Net income | -$85.87M | -$65.42M | $24.31M | $289.00M | -31.3% |
| Net income to common | -$85.87M | -$65.42M | $24.31M | $289.00M | -31.3% |
| Basic EPS | -0.50 | -0.39 | 0.14 | 1.64 | -28.2% |
| Diluted EPS | -0.50 | -0.57 | 0.14 | 1.52 | +12.3% |
| EBIT | -$86.29M | -$70.34M | $38.33M | $346.94M | -22.7% |
| EBITDA | $2.97M | $7.72M | $94.04M | $365.29M | -61.5% |
| Basic shares | 170.13M | 166.84M | 177.18M | 176.52M | +2.0% |
| Diluted shares | 170.13M | 169.88M | 178.15M | 193.45M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.17B | $282.44M | $263.35M | $136.63M | — | +312.8% |
| Cash & short-term investments | $1.83B | $850.87M | $997.84M | $1.18B | — | +115.1% |
| Accounts receivable | $14.64M | $18.64M | $10.03M | $32.86M | — | -21.5% |
| Inventory | $171.56M | $107.91M | $95.18M | $57.55M | — | +59.0% |
| Total current assets | $2.17B | $1.03B | $1.13B | $1.29B | — | +110.0% |
| Property, plant & equipment | $1.38B | $1.26B | $1.17B | $935.84M | — | +9.7% |
| Goodwill & intangibles | $6.17M | $7.37M | $8.88M | $89.00K | — | -16.2% |
| Total assets | $3.86B | $2.33B | $2.34B | $2.24B | — | +65.6% |
| Total current liabilities | $299.05M | $164.02M | $108.55M | $97.48M | — | +82.3% |
| Current debt | $67.41M | — | — | — | $16.08M | — |
| Long-term debt | $931.33M | $908.73M | $681.98M | $678.44M | — | +2.5% |
| Total debt | $1.01B | $914.53M | $688.81M | $678.46M | — | +10.1% |
| Total liabilities | $1.89B | $1.28B | $970.67M | $925.15M | — | +47.4% |
| Retained earnings | $234.43M | $320.30M | $385.73M | $361.42M | — | -26.8% |
| Shareholder equity | $1.98B | $1.05B | $1.37B | $1.31B | — | +87.6% |
| Working capital | $1.87B | $867.30M | $1.02B | $1.20B | — | +115.2% |
| Net tangible assets | $1.97B | $1.05B | $1.36B | $1.31B | — | +88.3% |
| Shares issued | 192.61M | 178.45M | 178.08M | 177.71M | — | +7.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$85.87M | -$65.42M | $24.31M | $289.00M | -31.3% |
| Stock-based compensation | $30.16M | $23.18M | $25.24M | $31.78M | +30.1% |
| Change in working capital | -$136.20M | $58.21M | -$32.23M | $4.21M | -334.0% |
| Operating cash flow | -$155.75M | $13.35M | $62.70M | $343.51M | -1,266.8% |
| Capital expenditure | -$172.38M | -$186.42M | -$261.90M | -$326.60M | +7.5% |
| Investing cash flow | -$206.05M | $10.06M | $68.70M | -$1.36B | -2,148.8% |
| Share buybacks | -$31.10M | -$225.07M | $0 | $0 | +86.2% |
| Financing cash flow | $1.25B | -$4.79M | -$9.92M | -$24.19M | +26,097.9% |
| Free cash flow | -$328.13M | -$173.07M | -$199.20M | $16.92M | -89.6% |
| End cash position | $1.17B | $283.60M | $264.99M | $143.51M | +311.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $108.49M | $90.65M | $52.69M | $53.55M | $57.39M | +19.7% |
| Operating revenue | $108.49M | $92.21M | $55.21M | $52.82M | $57.39M | +17.7% |
| Cost of revenue | $107.67M | $106.38M | $69.66M | $70.97M | $71.21M | +1.2% |
| Gross profit | $819.00K | -$15.73M | -$16.97M | -$17.42M | -$13.81M | +105.2% |
| Research & development | $1.28M | $1.91M | $2.21M | $19.03M | $2.50M | -32.7% |
| Selling, general & admin | $35.16M | $33.64M | $32.07M | $28.41M | $27.43M | +4.5% |
| Total operating expense | $18.42M | $2.50M | -$14.42M | $48.19M | $29.31M | +636.8% |
| Operating income | -$17.60M | -$18.23M | -$2.56M | -$65.61M | -$43.12M | +3.5% |
| Net interest income | -$9.70M | -$9.85M | -$9.89M | -$8.57M | -$5.41M | +1.5% |
| Pre-tax income | -$29.34M | -$13.64M | $10.56M | -$58.43M | -$42.72M | -115.0% |
| Tax provision | -$9.04M | -$5.67M | $1.13M | -$16.65M | -$11.85M | -59.3% |
| Net income | -$20.30M | -$7.97M | $9.43M | -$41.78M | -$30.87M | -154.7% |
| Net income to common | -$20.30M | -$7.97M | $9.43M | -$41.78M | -$30.87M | -154.7% |
| Basic EPS | -0.11 | -0.04 | 0.05 | -0.24 | -0.19 | -175.0% |
| Diluted EPS | -0.11 | -0.04 | 0.05 | -0.24 | -0.19 | -175.0% |
| EBIT | -$19.63M | -$3.80M | $20.44M | -$49.87M | -$37.31M | -417.2% |
| EBITDA | $15.75M | $28.34M | $45.05M | -$27.37M | -$16.53M | -44.4% |
| Basic shares | 178.41M | 178.02M | 177.67M | 175.03M | 163.83M | +0.2% |
| Diluted shares | 178.41M | 178.02M | 199.23M | 175.03M | 163.83M | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $429.07M | $886.28M | $1.17B | $1.15B | $261.54M | — | -51.6% |
| Cash & short-term investments | $1.45B | $1.74B | $1.83B | $1.94B | $753.66M | — | -16.4% |
| Accounts receivable | $40.44M | $47.29M | $14.64M | $14.79M | $21.82M | — | -14.5% |
| Inventory | $173.43M | $169.19M | $171.56M | $144.37M | $128.05M | — | +2.5% |
| Total current assets | $1.75B | $2.05B | $2.17B | $2.17B | $960.39M | — | -14.7% |
| Property, plant & equipment | $1.61B | $1.43B | $1.38B | $1.31B | $1.30B | — | +12.2% |
| Goodwill & intangibles | $187.54M | $198.50M | $6.17M | — | $6.77M | $7.07M | -5.5% |
| Total assets | $3.73B | $3.84B | $3.86B | $3.80B | $2.34B | — | -3.0% |
| Total current liabilities | $183.54M | $285.25M | $299.05M | $270.18M | $266.87M | — | -35.7% |
| Current debt | — | $67.50M | $67.41M | $67.52M | $67.43M | $67.35M | — |
| Long-term debt | $934.58M | $932.94M | $931.33M | $929.75M | $843.37M | — | +0.2% |
| Total debt | $934.58M | $1.00B | $1.01B | $997.27M | $916.82M | — | -6.6% |
| Total liabilities | $1.77B | $1.87B | $1.89B | $1.83B | $1.33B | — | -5.5% |
| Retained earnings | $206.16M | $226.46M | $234.43M | $225.00M | $266.78M | — | -9.0% |
| Shareholder equity | $1.96B | $1.97B | $1.98B | $1.96B | $1.01B | — | -0.5% |
| Working capital | $1.56B | $1.76B | $1.87B | $1.90B | $693.53M | — | -11.3% |
| Net tangible assets | $1.96B | $1.77B | $1.97B | $1.96B | $1.00B | — | +10.7% |
| Shares issued | 178.05M | 192.92M | 192.61M | 192.46M | 178.72M | — | -7.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$20.30M | -$7.97M | $9.43M | -$41.78M | -$30.87M | — | -154.7% |
| Stock-based compensation | $11.29M | $12.93M | $9.57M | $7.69M | $5.55M | — | -12.7% |
| Change in working capital | -$8.80M | -$27.10M | -$78.61M | -$15.70M | $14.41M | — | +67.5% |
| Operating cash flow | $6.85M | -$1.91M | -$46.85M | -$42.05M | -$3.65M | — | +458.7% |
| Capital expenditure | -$230.34M | -$77.38M | -$62.41M | -$50.50M | -$29.01M | — | -197.7% |
| Investing cash flow | -$394.95M | -$259.81M | $73.03M | -$333.05M | $69.68M | — | -52.0% |
| Share buybacks | — | — | -$31.10M | $0 | $0 | $0 | — |
| Financing cash flow | -$69.38M | -$18.55M | -$7.30M | $1.26B | -$2.73M | — | -274.1% |
| Free cash flow | -$223.49M | -$79.28M | -$109.26M | -$92.54M | -$32.66M | — | -181.9% |
| End cash position | $429.62M | $887.09M | $1.17B | $1.15B | $262.99M | — | -51.6% |
Options analytics
Put / call volume
0.56
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
30.00
-38.2% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
3.83K
Contracts, this expiry
Put volume
2.15K
Contracts, this expiry
Heaviest call OI
30.00
0 contracts
Heaviest put OI
30.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.00 | -0.01 | -173.2% |
| Mar 2026 | -0.04 | 0.03 | +174.6% |
| Dec 2025 | 0.02 | 0.09 | +490.9% |
| Sep 2025 | -0.16 | -0.10 | +38.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.00 | 15 | $118.69M | +121.6% |
| Next quarter | 0.05 | 15 | $141.51M | +168.6% |
| Current year | 0.02 | 15 | $452.06M | +101.4% |
| Next year | 0.82 | 16 | $789.70M | +74.7% |
Analyst targets & ownership
Mean target$73.41
High target$100.00
Low target$57.00
Implied upside50.87%
Analyst count17
ConsensusSTRONG BUY
Strong buy / Buy5 / 13
Hold1
Sell / Strong sell0 / 0
Held by insiders19.62%
Held by institutions77.73%
Institutions holding974
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
47.46
+2.52% from price
SMA 20
48.86
-0.68% from price
SMA 50
51.24
-5.28% from price
SMA 100
53.64
-9.29% from price
SMA 200
56.67
-14.36% from price
EMA 12
48.00
+1.37% from price
EMA 26
49.56
-1.81% from price
EMA 50
50.99
-4.57% from price
RSI (14)
46.7
Neutral
MACD (12,26,9)
-1.56
Hist -0.04
ATR (14)
2.28
4.69% of price
Realised vol 30D
46.1%
Annualised
Bollinger upper
53.02
20, 2σ
Bollinger lower
44.71
20, 2σ
50 / 200 cross
Death
51.24 vs 56.67
Trend bias
Below 200
-14.36%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.34
More volatile than market
Correlation to SPY
0.41
Loosely linked
Realised vol 30D
46.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-61.4%
Peak to trough
Max drawdown 5Y
-82.0%
Peak to trough
ATR 14
2.28
4.69% of price
Beta (reported)
1.99
5Y monthly, from filing
Short interest
Shares short
33.57M
Prior 29.20M
Change vs prior
+15.0%
Shorts adding
% of float
20.50%
Heavily shorted
% of shares out
18.85%
Against total outstanding
Days to cover
6.4
Crowded exit
Float
144.32M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 1, 26 | Baird | MAINTAINED | Outperform | Outperform |
| Sep 16, 26 | Freedom Broker | INITIATED | — | Hold |
| Aug 24, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jul 29, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jul 22, 26 | Needham | MAINTAINED | Buy | Buy |
| Jul 16, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 9, 26 | Deutsche Bank | MAINTAINED | Buy | Buy |
| Jul 8, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Jun 5, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jun 1, 26 | Needham | INITIATED | — | Buy |
| May 22, 26 | Barclays | INITIATED | — | Overweight |
| May 20, 26 | DA Davidson | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-06-10
Periodic Financial Reports
10-Q · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-24
Offering Registrations
S-8 · 2026-02-26
Corporate Changes & Voting Matters
8-K · 2025-11-19
Headlines
First Citizens BancShares vs MP Materials: A Tale of 2 Regulation Bets
MarketBeat · 2d ago
The Pentagon Bet $400 Million That One U.S. Company Could Break China’s Rare Earth Monopoly. MP Materials Is About To Deliver GM’s First Rare Earth Magnets Not Made In China
24/7 Wall St. · 2d ago
MP Materials CEO Earns C$39 Million to Top Bedford's 2026 Mining Compensation Rankings
CNW Group · 6d ago
MP Materials CEO Earns C$39 Million to Top Bedford's 2026 Mining Compensation Rankings
PR Newswire · 6d ago
Critical Metals And 2 Top Rare Earth Stocks To Watch
Simply Wall St. · 6d ago
MP Materials (MP) Looks Re Rated After Texas Magnet Campus Win
Simply Wall St. · 6d ago
MP Materials Surges 6% as Traders Weigh Critical Minerals Growth Story; USA Rare Earth Rises 3%, Critical Metals Stays Flat
24/7 Wall St. · 7d ago
MP Materials and USA Rare Earth Rallied on a Greenland Deal Neither Company Has Any Exposure To. Here's the Reality Check.
Motley Fool · 7d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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