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USA Rare Earth vs Minerva Gold: USAR and MINR compared
USA Rare Earth is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $9K for Minerva Gold (Q1 FY27). Minerva Gold is more profitable, with an operating margin of -24.7% against -795.6%.
Where the money goes: USAR and MINR
USA Rare Earth (USAR) · Q2 2026
USA Rare Earth, Q2 2026: revenue $5.8M, operating margin -795.6%, net loss $12.0M, operating cash flow −$56.9M. The chart follows the revenue to costs, profit and cash.
Minerva Gold (MINR) · Q1 FY27
Minerva Gold, Q1 FY27: revenue $9K (-25% year over year), operating margin -24.7%, net loss $2K, operating cash flow −$6K. The chart follows the revenue to costs, profit and cash.
| USA Rare Earth (USAR) | Minerva Gold (MINR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q1 FY27 |
| Revenue | $5.8M | $9K |
| Revenue growth, Y/Y | — | -25% |
| Operating margin | -795.6% | -24.7% |
| Net earnings | −$12.0M | −$2K |
| Net margin | -205.5% | -24.7% |
| Operating cash flow | −$56.9M | −$6K |
Questions
Which is bigger, USA Rare Earth or Minerva Gold?
USA Rare Earth is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $9K for Minerva Gold (Q1 FY27).
Is USA Rare Earth or Minerva Gold growing faster?
Minerva Gold is more profitable, with an operating margin of -24.7% against -795.6%.
More: USA Rare Earth earnings · how USA Rare Earth makes money · Minerva Gold earnings · how Minerva Gold makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Sep 14, 2026). Fiscal quarters can end on different dates. Not investment advice.