Filing Flows › MP Materials (MP) › Q2 2026 › vs Q2 2025
MP Materials (MP) Q2 2026 vs Q2 2025 (year over year)
MP Materials's revenue rose $51.1M (+89%) from $57.4M in Q2 2025 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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $108M | $57.4M | $51.1M | +89% |
| Other income, net | $2.7M | $1.2M | $1.5M | +133% |
| Income tax benefit | $9.0M | $11.9M | −$2.8M | -24% |
| Net loss | $20.3M | $30.9M | −$10.6M | -34% |
| Costs & expenses | $141M | $101M | $39.2M | +39% |
| Operating costs | $141M | $101M | $39.2M | +39% |
| Cost of revenue | $72.3M | $50.4M | $21.9M | +43% |
| SG&A | $35.2M | $27.4M | $7.7M | +28% |
| Other operating costs | $33.1M | $23.4M | $9.6M | +41% |
| Operating cash sources | $46.7M | $26.3M | $20.3M | +77% |
| Depreciation & amortization | $35.4M | $20.8M | $14.6M | +70% |
| Share-based compensation | $11.3M | $5.6M | $5.7M | +103% |
| Net loss absorbed | $20.3M | $30.9M | −$10.6M | -34% |
| Working capital & other | $19.5M | −$888K | $20.4M | — |
| Operating cash flow | $6.8M | −$3.7M | $10.5M | — |
| Capital expenditures | $230M | $29.0M | $201M | +694% |
| Negative free cash flow (OCF − capex) | $223M | $32.7M | $191M | +584% |
Questions
How much did MP Materials's revenue grow year over year in Q2 2026?
MP Materials's revenue rose $51.1M (+89%) from $57.4M in Q2 2025 to $108M in Q2 2026.