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USA Rare Earth Reports its Second Quarter 2025 Financial Results
STILLWATER, Okla., Aug. 11, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (“USAR” or the “Company”) today announced its financial and
About this update from Usa Rare Earth, Inc.
[{"type":"text","content":"STILLWATER, Okla., Aug. 11, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (“USAR” or the “Company”) today announced its financial and operational results for the second quarter and six months ended June 30, 2025. Second Quarter Highlights Stillwater, Oklahoma magnet facility on track for 1Q26 commissioning.12 MOUs and JDAs signed to date—representing the potential for approximately 300 tons of annual production with customers in Aerospace & Defense, Data Center, and Automotive sectors.Successfully extracted gallium and heavy rare earth concentrates from our Round Top deposit.Ended quarter with $121.8 million cash and no significant debtCurrent cash balance of $128.1 million as of August 7, 2025Expanded team with key talent in engineering, sales, manufacturing, and finance. Executive Commentary “We are seeing a surge of customer interest as we prepare to begin production at our Stillwater, Oklahoma magnet facility in early 2026,” said Joshua Ballard, Chief Executive Officer. “With a dozen initial signed agreements and active engagements with over 70 companies across multiple high-growth industries, we have the potential to sell out our first 1,200-ton production line prior to commissioning its full capacity.” Ballard continued, “We are seizing this pivotal moment in the rare earth mineral and magnet industry to accelerate and strengthen our mine-to-magnet supply chain. With a strong capital position, disciplined growth strategy, and clear vision, we are scaling rapidly—through targeted internal investments and strategic opportunities that expand our capabilities, enhance returns, and solidify our leadership in this quickly evolving global market.” Financial Highlights Quarter-to-Date Year-to-Date Q2’2025 Q2’2024 Q2’2025 Q2’2024 (In thousands, except for per share amounts)Loss from operations $(8,804) $(3,011) $(17,522) $(7,709)Net loss (142,713) (2,819) (91,031) (7,491)Diluted net loss per share (1.54) (0.04) (0.99) (0.12)Net cash used in operating activities (7,909) (4,044) (18,238) (8,277) Cash 121,791 16,761 Non-GAAP Financial Highlights (1) Quarter-to-Date Year-to-Date Q2’2025 Q2’2024 Q2’2025 Q2’2024 (In thousands, except for per share amounts)Adjusted net loss $(7,844) $(2,826) $(16,312) $(7,299)Adjusted net loss per common share - Diluted (0.08) (0.05) (0.18) (0.12) _________________(1) Refer to the sections ...