Filing Flows › MP Materials (MP) › Q3 2026 › vs Q3 2025
MP Materials (MP) Q3 2026 vs Q3 2025 (year over year)
MP Materials's revenue rose $94.1M (+176%) from $53.6M in Q3 2025 to $148M in Q3 2026.
MP Materials, Q3 2026: revenue $148M (+176% year over year), operating margin -14.9%, net loss $20.7M, operating cash flow −$12.7M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $148M | $53.6M | $94.1M | +176% |
| Income tax benefit | $6.5M | $16.7M | −$10.1M | -61% |
| Net loss | $20.7M | $41.8M | −$21.1M | -50% |
| Costs & expenses | $175M | $121M | $54.3M | +45% |
| Operating costs | $170M | $121M | $49.1M | +41% |
| Interest & other, net | $5.2M | −$8.6M | $13.8M | — |
| Cost of revenue | $85.6M | $48.5M | $37.2M | +77% |
| SG&A | $38.0M | $28.4M | $9.6M | +34% |
| Other operating costs | $46.1M | $43.7M | $2.4M | +5% |
| Operating cash sources | $60.3M | $72.2M | −$12.0M | -17% |
| Depreciation & amortization | $36.1M | $22.5M | $13.6M | +61% |
| Share-based compensation | $11.4M | $7.7M | $3.8M | +49% |
| Cash used in operations | $12.7M | $42.0M | −$29.4M | -70% |
| Net loss absorbed | $20.7M | $41.8M | −$21.1M | -50% |
| Working capital & other | $39.6M | $30.5M | $9.1M | +30% |
Questions
How much did MP Materials's revenue grow year over year in Q3 2026?
MP Materials's revenue rose $94.1M (+176%) from $53.6M in Q3 2025 to $148M in Q3 2026.