MP Materials (MP) Income Statement: Revenue & Earnings

MP Materials Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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MP Materials Corp. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	203.86	253.45	527.51	331.95	134.31
Cost of Revenue	270.64	148.42	110.57	100.64	70.73
Gross Profit	-66.79	105.02	416.94	231.32	63.58
Operating Expenses
Research & Development	9.31	14.93	4.25	4.20	0.00
Selling, General & Administrative	83.30	79.25	75.86	56.65	26.87
Operating Expenses	102.64	101.41	81.97	65.59	36.21
Operating Income	-169.43	3.61	327.41	165.72	-34.70
Other Income/Expense
Interest Income	47.11	55.64	19.77	0.00	0.00
Interest Expense	23.01	5.25	-5.79	8.90	-5.01
Other Income/Expense	76.08	34.72	11.98	3.38	67.99
Income
Income Before Tax	-93.35	33.08	341.15	160.20	-39.46
Income Tax Expense	-27.92	8.77	52.15	25.16	-17.64
Net Income	-65.42	24.31	289.00	135.04	-21.83
Net Income - Continuous Operations	-65.42	24.31	289.00	135.04	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	7.72	94.04	365.29	193.48	-27.52
EBIT	-69.95	38.33	346.94	169.10	-34.45
Depreciation & Amortization	78.06	55.71	18.36	24.38	6.93
Earnings Per Share
Basic EPS	-1.00	-	2.00	1.00	-
Diluted EPS	-1.00	-	2.00	1.00	-
Basic Shares Outstanding	166.84	177.18	176.52	173.47	79.69
Diluted Shares Outstanding	169.88	178.15	193.45	189.84	79.69