USA Rare Earth (NASDAQ:USAR) Announces Quarterly Earnings Results

Posted by Brenda Bartman on May 15th, 2026

USA Rare Earth (NASDAQ:USAR – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.04, FiscalAI reports. The firm had revenue of $5.70 million during the quarter.

Here are the key takeaways from USA Rare Earth’s conference call:

USA Rare Earth announced three transformative moves — the Serra Verde acquisition, the Carester investment, and full consolidation of Round Top/TMRC — which management says will create a fully integrated mine-to-magnet platform across three continents.
The company ended Q1 with about $1.75 billion in cash, supported by the recently closed $1.5 billion PIPE, and expects the Department of Commerce’s $1.6 billion funding process to be finalized this month.
Q1 revenue was approximately $6 million, with gross profit slightly positive; the reported net loss was $67 million, but management said the adjusted net loss was $24.1 million after excluding a large non-cash warrant and earn-out fair value adjustment.
Operational milestones are moving forward, including commissioning Phase 1A at Stillwater, starting production of customer-qualification magnets, and targeting a 600 metric ton per annum run rate by year-end.
Management emphasized strong customer demand for non-China supply, citing interest in safety stock, prototype materials, and qualification programs across automotive, aerospace, defense, semiconductor, and industrial markets. They also said purchase orders for magnets are expected to begin in the second half of 2026.

USA Rare Earth Trading Down 0.2%

Shares of USAR stock traded down $0.06 during trading hours on Friday, hitting $24.78. 5,578,074 shares of the company were exchanged, compared to its average volume of 18,619,391. The business has a 50 day moving average of $19.92 and a two-hundred day moving average of $18.37. USA Rare Earth has a 52 week low of $8.00 and a 52 week high of $43.98. The company has a market capitalization of $5.40 billion, a PE ratio of -6.33 and a beta of 2.38.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on USAR. Roth Mkm set a $30.00 target price on shares of USA Rare Earth in a report on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a report on Friday, March 27th. Canaccord Genuity Group increased their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Benchmark began coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Finally, Wedbush increased their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

View Our Latest Analysis on USAR

Institutional Investors Weigh In On USA Rare Earth

Several large investors have recently made changes to their positions in USAR. Larson Financial Group LLC increased its position in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after acquiring an additional 1,433 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of USA Rare Earth during the first quarter worth $27,000. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the fourth quarter worth $28,000. Finally, Havemeyer Place LP bought a new stake in shares of USA Rare Earth during the fourth quarter worth $33,000.

About USA Rare Earth

(Get Free Report)

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.