MP Materials (MP) Releases Q4 2025 Earnings: Revenue Declines, EPS Beats Estimates

MP Materials Corp. (MP) reported fourth-quarter 2025 results with revenue of $52.7 million, a year-over-year decline of 13.6%, and diluted earnings per share of $0.05.

Total revenue: $52.7 million (down 13.6% year‑over‑year).

Gross profit: $7.6 million (up 180.4% year‑over‑year).

Cost of sales: $45.1 million (down 22.7% year‑over‑year).

Operating result: -$54.7 million (an improvement of 24.4% year‑over‑year).

Net income attributable to common shareholders: $9.4 million (down 142.2% year‑over‑year).

Cash flow and balance sheet highlights:

Net cash from operating activities: -$46.9 million (down 253.7% year‑over‑year).

Purchases of property, plant and equipment: -$62.4 million (up 49.8% year‑over‑year).

Cash and cash equivalents: $1.17 billion (up 312.8% year‑over‑year).

Total liabilities: $1.47 billion (up 15.1% year‑over‑year).

Against analysts' expectations, revenue of $52.7 million fell short of the estimate of $69.4 million, while diluted EPS of $0.05 exceeded the consensus estimate of $0.00.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

MP Materials Corp. Insider Trading Activity

MP Materials Corp. insiders have traded $MP stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $MP stock by insiders over the last 6 months:

JAMES H. LITINSKY (Chairman and CEO) has made 0 purchases and 7 sales selling 933,411 shares for an estimated $59,343,506.
MICHAEL STUART ROSENTHAL (Chief Operating Officer) has made 0 purchases and 3 sales selling 150,000 shares for an estimated $10,802,838.
RYAN CORBETT (Chief Financial Officer) has made 0 purchases and 2 sales selling 58,146 shares for an estimated $3,443,160.
ELLIOT DEAN HOOPS (General Counsel and Secretary) sold 7,823 shares for an estimated $533,606

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

MP Materials Corp. Hedge Fund Activity

We have seen 397 institutional investors add shares of MP Materials Corp. stock to their portfolio, and 397 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WALLEYE TRADING LLC removed 2,432,675 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $163,159,512
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,402,640 shares (-81.2%) from their portfolio in Q4 2025, for an estimated $121,381,372
BNP PARIBAS FINANCIAL MARKETS removed 1,779,346 shares (-78.1%) from their portfolio in Q4 2025, for an estimated $89,892,559
PRICE T ROWE ASSOCIATES INC /MD/ removed 1,723,438 shares (-49.7%) from their portfolio in Q4 2025, for an estimated $87,068,087
NORGES BANK added 1,627,477 shares (+26424.4%) to their portfolio in Q4 2025, for an estimated $82,220,138
SQUAREPOINT OPS LLC added 1,558,425 shares (+616.4%) to their portfolio in Q4 2025, for an estimated $78,731,631
TIDAL INVESTMENTS LLC removed 1,515,344 shares (-92.0%) from their portfolio in Q4 2025, for an estimated $76,555,178

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

MP Materials Corp. Analyst Ratings

Wall Street analysts have issued reports on $MP in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 01/13/2026
Morgan Stanley issued a "Overweight" rating on 12/05/2025
BMO Capital issued a "Outperform" rating on 11/24/2025
Goldman Sachs issued a "Buy" rating on 11/19/2025
JP Morgan issued a "Overweight" rating on 11/14/2025
Deutsche Bank issued a "Buy" rating on 11/10/2025
DA Davidson issued a "Buy" rating on 11/07/2025

To track analyst ratings and price targets for MP Materials Corp., check out Quiver Quantitative's $MP forecast page.

MP Materials Corp. Price Targets

Multiple analysts have issued price targets for $MP recently. We have seen 8 analysts offer price targets for $MP in the last 6 months, with a median target of $76.0.

Here are some recent targets:

Matt Summerville from DA Davidson set a target price of $82.0 on 02/18/2026
Carlos De Alba from Morgan Stanley set a target price of $71.0 on 12/05/2025
Raj Ray from BMO Capital set a target price of $75.0 on 11/24/2025
Brian Lee from Goldman Sachs set a target price of $77.0 on 11/19/2025
Bill Peterson from JP Morgan set a target price of $75.0 on 11/14/2025
Corinne Blanchard from Deutsche Bank set a target price of $71.0 on 11/10/2025
Lawson Winder from B of A Securities set a target price of $112.0 on 10/15/2025