USA Rare Earth, Inc. (USAR) AI Stock Analysis

USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals across the United States, Europe, and Asia. It explores materials including neodymium, dysprosium, terbium, yttrium, gallium, hafnium, praseodymium, samarium, and oxides. The company holds interests in Round Top Mountain near Sierra Blanca, Texas, and operates a hydrometallurgical demonstration facility in Wheat Ridge, Colorado. Its products serve industries such as aerospace, defense, semiconductors, data centers, physical AI, energy, mobility, and healthcare. It maintains a strategic partnership with Pasqal and Riven Systems to advance separation technology for the rare earth value chain.

Revenue dropped sharply from $1.18B in FY2024 to $1.6M in FY2025, representing a decline of 99.9%. Over that period, gross margin shifted from -0.0% to -84.7%, while operating margin dropped from -1.3% to -3621.6%. Net income was -$297.6M in FY2025 compared to -$15.7M in FY2024, though EPS registered at $0.06 in FY2025. For the trailing twelve months ending June 30, 2026, revenue stood at $13.2M with an operating margin of -795.6% and EPS of -$2.49. The five-year revenue CAGR from FY2016 to FY2025 stands at -37.3%.

As of June 30, 2026, USA Rare Earth held $1.59B in cash and short-term investments against total debt of $13.5M, resulting in net cash of $1.58B. Shareholders' equity was $2.54B and total assets totaled $3.00B, supported by a current ratio of 32.79 and a debt-to-equity ratio of 0.01. In FY2025, operating cash flow was -$49.0M, free cash flow was -$86.3M, and capital expenditures reached $37.4M. Its share count fell 59.1% over five years.

USAR shares closed at $10.54 with a market capitalization of $3.95B and an enterprise value of $4.42B. The stock trades at a forward P/E of 33.3x, compared to 13.4x for the median of its US-listed Basic Materials peers. Its price-to-sales ratio stands at 300.4x and EV/EBITDA is 28.0x, above peer medians of 1.8x and 10.5x, respectively. Over the trailing 12 months, USAR declined 63.1%, lagging the S&P 500 (SPY) return of 16.8%.

Wall Street coverage includes 8 Strong Buy ratings, 1 Buy rating, and zero Hold or Sell ratings. The mean price target is $35.56, which sits 237.3% above the last close of $10.54. Analysts estimate an EPS of -$0.57 on revenue of $73.5M for the fiscal year ending December 31, 2026. For the next fiscal year, 4 analysts estimate revenue of $713.3M and an EPS of $0.03. The company beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of USA Rare Earth, Inc. (USAR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: USAR income statement, USAR balance sheet, USAR key metrics, USAR analyst forecast, USAR chart. See the USAR stock overview for the latest quote and news.