Filing Flows › MP Materials (MP) › Q2 2026 › vs Q1 2026
MP Materials (MP) Q2 2026 vs Q1 2026 (quarter over quarter)
MP Materials's revenue rose $17.8M (+20%) from $90.6M in Q1 2026 to $108M in Q2 2026.
MP Materials, Q2 2026: revenue $108M (+89% year over year), operating margin -29.5%, net loss $20.3M, operating cash flow $6.8M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $108M | $90.6M | $17.8M | +20% |
| Other income, net | $2.7M | $10.5M | −$7.8M | -74% |
| Income tax benefit | $9.0M | $5.7M | $3.4M | +59% |
| Net loss | $20.3M | $8.0M | $12.3M | +155% |
| Costs & expenses | $141M | $115M | $25.7M | +22% |
| Operating costs | $141M | $115M | $25.7M | +22% |
| Cost of revenue | $72.3M | $74.2M | −$2.0M | -3% |
| SG&A | $35.2M | $33.6M | $1.5M | +5% |
| Other operating costs | $33.1M | $6.9M | $26.2M | +380% |
| Operating cash sources | $46.7M | $45.1M | $1.6M | +4% |
| Depreciation & amortization | $35.4M | $32.1M | $3.2M | +10% |
| Share-based compensation | $11.3M | $12.9M | −$1.6M | -13% |
| Net loss absorbed | $20.3M | $8.0M | $12.3M | +155% |
| Working capital & other | $19.5M | $39.0M | −$19.5M | -50% |
| Operating cash flow | $6.8M | −$1.9M | $8.8M | — |
| Capital expenditures | $230M | $77.4M | $153M | +198% |
| Negative free cash flow (OCF − capex) | $223M | $79.3M | $144M | +182% |
Questions
How much did MP Materials's revenue grow quarter over quarter in Q2 2026?
MP Materials's revenue rose $17.8M (+20%) from $90.6M in Q1 2026 to $108M in Q2 2026.