Filing Flows › MP Materials (MP) › How it makes money
How MP Materials (MP) makes money
MP Materials (MP) made $148M of revenue in the third quarter 2026 (Q3 2026), +176% from a year earlier.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $148M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $148M | +176% |
| Q2 2026 | $108M | +89% |
| Q1 2026 | $90.6M | +49% |
| Q4 2025 | $52.7M | -14% |
| Q3 2025 | $53.6M | -15% |
| Q2 2025 | $57.4M | +84% |
| Q1 2025 | $60.8M | +25% |
From MP Materials' 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does MP Materials make money?
MP Materials (MP) made $148M of revenue in the third quarter 2026 (Q3 2026), +176% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.