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NASDAQ · Other Industrial Metals & Mining · USD

USA Rare Earth, Inc. (USAR) Stock Analysis

USA Rare Earth, Inc. (USAR) is a Other Industrial Metals & Mining stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

USAR

$10.23

+$0.17 (+1.69%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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USAR Key Statistics

As of Oct 21, 2026
Trading
Open
$10.33
Previous Close
$10.06
Day's Range
10.08–10.35
52-Week Range
9.72–32.80
Volume
7.87M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
2.68
Valuation
Market Cap
$3.84B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
341.00
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
291.52
EPS (ttm)Profit attributable to each share over the last twelve months.
−2.49
Financials (FY)
Revenue (FY)
$1.64M
Net Income (FY)
−$297.56M
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
375.08M
1-Year Return
−61.73%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
13.00M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, USAR closed at $10.23, −61.73% over 1 year.

USA Rare Earth, Inc. (USAR) has a market capitalization of $3.84B.

In fiscal 2025, USAR reported revenue of $1.64M.

USAR Stock Return by Calendar Year

USA Rare Earth, Inc. (USAR) return since Jul 2023: what $10,000 became

1 year
$10,000 $3,827
−61.73%
3 years
$10,000 $9,985
−0.15%
Since Jul 2023
$10,000 $10,159
+1.59%

If you had invested $10,000 in USA Rare Earth, Inc. (USAR) at the close on July 17, 2023, the earliest close on record here, it would have been worth $10,159 at the close on October 21, 2026: +1.59% in total, +0.48% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−14.03%
2025+3.66%
2024+11.13%
2023 (partial year)+2.58%

As of October 21, 2026.

USAR Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.64M−$297.56M−18,110.7%
2024$0.00−$15.74M—
2023$0.00−$7.42M—
2022$0.00−$23.84M—
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.64M$195.00K−$59.50M−$297.56M−18,110.7%
2024$0.00$0.00−$15.59M−$15.74M—
2023$0.00−$308.00K−$24.79M−$7.42M—
2022$0.00−$210.00K−$24.26M−$23.84M—

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

USAR Valuation vs Other Industrial Metals & Mining Median

Median of 103 stocks
MetricUSAROther Industrial Metals & Mining medianvs median
P/S ratio291.5213.4021.8x the median

Medians across 103 Other Industrial Metals & Mining stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values USA Rare Earth, Inc. (USAR) at $3.84B. The company sits in the Basic Materials sector, in the Other Industrial Metals & Mining industry. Headcount on file is 132.

USAR last closed at $10.23 on October 21, 2026. That is +$0.17 (+1.69%) against the previous close. Over the past 52 weeks the price has ranged from $9.72 to $32.80. The latest close sits 5.25% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $1.64M. The same year closed with a net loss of $297.56M. Trailing earnings per share are −2.49.

Across the 4 fiscal years on file, revenue moves from $0.00 in 2022 to $1.64M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 341. The price-to-sales ratio is 291.52. On price-to-sales that is 21.8 times the Other Industrial Metals & Mining median of 13.4. 103 Other Industrial Metals & Mining companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −61.73%. Across 3 years the annualized return works out at −0.05%. The reported beta is 2.68. Daily returns over the trailing 3 years annualize to a volatility of 106.69%.

Growth & Income

No dividend is on file for USAR.

2026 is still running; the total return is −14.03% year to date. Across the complete calendar years on file, 2024 returned +11.13% and 2025 returned +3.66%.

Peer Comparison

USA Rare Earth, Inc. (USAR) operates in the Other Industrial Metals & Mining industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
USA Rare Earth, Inc. USAR $3.84B —
BHP Group Limited BHP $211.50B 21.6
Rio Tinto Group RIO $141.37B 11.8
Vale S.A. VALE $54.05B 25.4

The Other Industrial Metals & Mining industry average P/E ratio is 18.2x. USA Rare Earth, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About USA Rare Earth, Inc.

USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia. It primarily explores neodymium, dysprosium, terbium, yttrium, gallium, hafnium, praseodymium, samarium, oxides, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. It products are used in aerospace, defense, semiconductors, data centers, physical AI, energy, mobility, healthcare, and numerous industrial sectors. It has a hydrometallurgical demonstration facility in Wheat Ridge, Colorado. USA Rare Earth, Inc. has a strategic partnership with Pasqal and Riven Systems to develop next-generation separation technology for the rare earth value chain. USA Rare Earth, Inc. was founded in 2019 and is based in Stillwater, Oklahoma.

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