Jun 2026 (Q2 FY26) — Aug 10, 2026
USA Rare Earth Q2 FY26 — Integrated Supply Chain and Strategic Acquisitions Drive Growth
Read the full callUSA Rare Earth (USAR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
USA Rare Earth earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5.8 | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Operating margin | -795.6 | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. | |
| Net profit | -10.3 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$10.09 −4.27% · −$0.45
Performance −63.6% 1Y
1Y: $27.73 on 17 Oct 2025 → $10.09. High $31.59 (20 Oct 2025), low $10.09 (19 Oct 2026).
- Previous close
- $10.54
- 52-week range
- $10.09 – $31.59
- One year
- −68.06%
Overview
- Symbol
- USAR
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
USA Rare Earth earnings calls (USAR)
Financials
What the filings say
Net profit, year on year: +93% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | — | — | 0 | 0 | — | — | 6 | 6 |
| Operating profit | -2 | -1 | -9 | -9 | -16 | -26 | -37 | -46 |
| Operating margin | — | — | — | — | — | — | −643.6% | −795.6% |
| Other income | -0 | 2 | 60 | -134 | -141 | -25 | -32 | 34 |
| Profit before tax | — | — | 52 | -143 | — | — | -69 | -12 |
| Tax rate | — | — | 0.0% | 0.0% | — | — | 0.8% | 4.1% |
| Net profit | -2 | 0 | 52 | -143 | -157 | -50 | -67 | -10 |
| EPS ($ per share) | -0.03 | — | 0.75 | -1.54 | -1.64 | — | -0.34 | -0.05 |
| Line item | Dec 2024 | Dec 2025 |
|---|---|---|
| Equity capital | 0 | 0 |
| Reserves | -73 | -387 |
| Total liabilities | 15 | 192 |
| Fixed assets | 27 | 85 |
| Total assets | 69 | 695 |
| Line item | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash from operations | -13 | -49 |
| Cash from investing | -3 | -140 |
| Cash from financing | 20 | 532 |
| Capital expenditure | -3 | -37 |
| Free cash flow | -16 | -86 |
Insider filings
32 filings between Jan 1, 2026 and Oct 2, 2026.
Open market
decisions to buy or sellPurchases
$2.17M
2 purchases by 2 insiders
Sales
$1.51M
2 sales by 2 insiders
Compensation
not trading decisions- 7
- Award — granted as compensation
- 18
- Option exercise — converted options into shares
- 1
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BLITZER MICHAEL | $2.14M | — | Jan 29, 2026 |
| Humpton Barbara | — | $1.22M | Oct 2, 2026 |
| Trabuco Carolyn | $29.4K | $296.0K | Jun 8, 2026 |
Latest filings (48)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Humpton Barbara Former Chief Executive Officer | Sale | 88,391 | $1.22M |
| Oct 1, 2026 | Caulfield Thomas Director | Award | 1,482 | $0 |
| Oct 1, 2026 | Humpton Barbara Former Chief Executive Officer | Option exercise | 83,554 | $1.15M |
| Oct 1, 2026 | Humpton Barbara Former Chief Executive Officer | Option exercise | 31,333 | $432.4K |
| Oct 1, 2026 | Humpton Barbara Former Chief Executive Officer | Option exercise | 104,443 | $1.44M |
| Jul 7, 2026 | Caulfield Thomas Director | Award | 271 | $0 |
| Jun 8, 2026 | Trabuco Carolyn Director | Sale | 13,000 | $296.0K |
| Jun 3, 2026 | Caulfield Thomas Director | Option exercise | 2,548 | $0 |
| Jun 3, 2026 | Caulfield Thomas Director | Award | 407 | $0 |
| May 21, 2026 | Steele William Robert Jr Chief Financial Officer | Tax withheld | 33,825 | $763.4K |
| May 20, 2026 | Gutnick Mordechai Zev Director | Option exercise | 12,284 | $277.2K |
| May 20, 2026 | Trabuco Carolyn Director | Option exercise | 18,199 | $410.8K |
| May 20, 2026 | Trabuco Carolyn Director | Option exercise | 12,284 | $277.2K |
| May 20, 2026 | Steele William Robert Jr Chief Financial Officer | Option exercise | 45,496 | $1.03M |
| May 20, 2026 | Steele William Robert Jr Chief Financial Officer | Option exercise | 30,331 | $684.6K |
| May 20, 2026 | Kern Paul J Director | Option exercise | 18,199 | $410.8K |
| May 20, 2026 | SCHWETHELM OTTO C Director | Option exercise | 18,199 | $410.8K |
| May 20, 2026 | SCHWETHELM OTTO C Director | Option exercise | 12,284 | $277.2K |
| May 20, 2026 | Kern Paul J Director | Option exercise | 12,284 | $277.2K |
| May 20, 2026 | BLITZER MICHAEL Director | Option exercise | 18,199 | $0 |
| May 20, 2026 | Senft Michael F Director | Option exercise | 18,199 | $410.8K |
| May 20, 2026 | Senft Michael F Director | Option exercise | 12,284 | $277.2K |
| May 20, 2026 | Gutnick Mordechai Zev Director | Option exercise | 18,199 | $410.8K |
| May 20, 2026 | BLITZER MICHAEL Director | Option exercise | 12,284 | $0 |
| May 15, 2026 | Gutnick Mordechai Zev Director | Award | 939,618 | — |
| May 15, 2026 | Kern Paul J Director | Award | 11,211 | — |
| Apr 15, 2026 | Gutnick Mordechai Zev Director | Award | 939,618 | — |
| Apr 15, 2026 | Kern Paul J Director | Award | 11,211 | — |
| Feb 12, 2026 | Kronenfeld David Thomas Chief Legal Officer | Other | 6,977 | $150.0K |
| Jan 29, 2026 | BLITZER MICHAEL Director | Purchase | 100,000 | $2.14M |
| Jan 29, 2026 | Trabuco Carolyn Director | Purchase | 1,300 | $29.4K |
| Jan 1, 2026 | BLITZER MICHAEL Director | Other | 562,500 | — |
| Sep 15, 2025 | Bayshore Capital Advisors, LLC 10% owner | Other | 1,811,814 | — |
| Sep 15, 2025 | Bayshore Capital Advisors, LLC 10% owner | Other | 5,904,264 | — |
| Sep 15, 2025 | BLITZER MICHAEL Director | Other | 3,125,000 | — |
| Aug 13, 2025 | BLITZER MICHAEL Director | Option exercise | 2,091,849 | — |
| Aug 13, 2025 | BLITZER MICHAEL Director | Sale | 2,091,849 | $32.95M |
| Mar 13, 2025 | Kern Paul J Director | Other | 4,699 | — |
| Mar 13, 2025 | Smith Tready Director | Award | 3,623,629 | — |
| Mar 13, 2025 | Smith Tready Director | Award | 58,777 | — |
| Mar 13, 2025 | Smith Tready Director | Award | 37,073 | — |
| Mar 13, 2025 | Smith Tready Director | Award | 11,808,529 | — |
| Mar 13, 2025 | Gutnick Mordechai Zev Director | Award | 13,671,026 | — |
| Mar 13, 2025 | Ridge Stephen James Chief Operating Officer | Award | 66,162 | — |
| Mar 13, 2025 | Kern Paul J Director | Award | 163,125 | — |
| Mar 13, 2025 | Kronenfeld David Thomas CLO and Corporate Secretary | Award | 72,870 | — |
| Mar 12, 2025 | Inflection Point Holdings II LLC 10% owner | Option exercise | 50,000 | — |
| Nov 18, 2024 | Inflection Point Holdings II LLC 10% owner | Option exercise | 6,200,000 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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