Usa Rare Earth, Inc. (USAR)
NASDAQ:USAR
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Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights substantial strategic progress: transformational M&A (Serra Verde), a major PIPE ($1.5B) and anticipated Dept. of Commerce support ($1.6B LOI), operational milestones (Stillwater Phase 1a, commissioning hydromet demos, first commercial Yttrium pour) and clear ramp targets for magnet and metal-making capacity. These positives are tempered by early-stage revenue ($6M), a Q1 net loss of $67M (adjusted loss $24.1M), elevated operating spend, dilution and execution/timing risks tied to closing transactions and funding documentation, and remaining uncertainty around Carester volume allocations. On balance, the company appears well-financed and making tangible operational progress, but key near-term outcomes hinge on closing the announced transactions and meeting ramp milestones.Company Guidance
Strong Cash Position and Financing
Ended Q1 with approximately $1.75 billion in cash (includes $1.5 billion PIPE closed in January) and a Letter of Intent with the U.S. Department of Commerce for $1.6 billion in funding (definitive documentation expected this month), materially derisking the buildout and providing liquidity to accelerate the mine-to-magnet strategy.
Transformational M&A and Strategic Transactions
Announced three strategic moves (100% acquisition of Serra Verde Group, strategic investment in Carester, and consolidation of 100% ownership of Round Top) to create an integrated global mine-to-magnet platform spanning three continents; Serra Verde acquisition secures Pela Ema mine (the only scaled producer of all four magnetic rare earths outside Asia) and includes a 15-year offtake with a U.S. government-backed SPV.
Serra Verde Valuation and Consideration Mechanics
Serra Verde transaction shows an implied valuation in filings of $3.64 billion; deal consideration structured as $300 million cash plus ~127 million shares of common stock, with potential earn‑out mechanics that could increase consideration by ~25% if share performance conditions are met (introducing potential dilution tied to stock performance).
Operational Progress — Magnet Manufacturing
Commissioned Phase 1a at Stillwater in March; targeting customer-ready sintered NdFeB magnet production in Q2 and first customer sales in H2 2026; target run rate of 600 metric tons per annum by year-end with subsequent plan to ramp toward 1,200 mtpa (a potential 100% increase from the 600 mtpa target).
Upstream and Midstream Demonstrations and Ramp Plans
Wheat Ridge hydrometallurgical demonstration circuits (Round Top flowsheet, third-party MREC separation, magnet swarf recycling) are commissioning with all three demonstrations expected operational within weeks; vat leaching commenced at Round Top and definitive feasibility study work is in progress for completion by year-end (PFS published in Q1 2027).
Midstream Metal Making Momentum (LCM)
Q1 revenues of approximately $6 million from LCM metal-making business with slightly positive gross profit; LCM capacity expected to scale to ~3,000 metric tons per annum of metal making and strip cast capacity by Q4, addressing both internal manufacturing needs and growing third-party demand.
Product and Capability Milestones
Completed first commercial Yttrium metal pour (adds a rare non-China source for a critical aerospace metal); scaling of metals, alloys and strip-cast capacity; growing customer engagement across semiconductor, industrial motor, aerospace and defense sectors with multiple on-site visits and qualification activity.
Leadership and Governance Strengthening
Expanded senior team and Board (appointments include Thras Moraitis as President upon closing of Serra Verde, Sir Mick Davis and Dr. Thomas Caulfield to Board) to add commercial, engineering and scaling experience relevant to industrialization and partnerships with allied governments and OEMs.
USAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
USAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $25.42 | $24.83 | -2.32% |
Mar 30, 2026 | $15.42 | $14.23 | -7.72% |
Nov 06, 2025 | $15.82 | $17.36 | +9.73% |
Aug 11, 2025 | $15.44 | $19.04 | +23.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Usa Rare Earth, Inc. (USAR) report earnings?
Usa Rare Earth, Inc. (USAR) is schdueled to report earning on Aug 17, 2026, After Close (Confirmed).
What is Usa Rare Earth, Inc. (USAR) earnings time?
Usa Rare Earth, Inc. (USAR) earnings time is at Aug 17, 2026, After Close (Confirmed).
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What is USAR EPS forecast?
USAR EPS forecast for the fiscal quarter 2026 (Q2) is -0.1.