Rare Earths Americas, Inc. (REA) Balance Sheet
REA balance sheet, 2025
December 31, 2025 · U.S. dollars$48.8M assets = $20.4M liabilities + $28.5M equity
Both columns are drawn to the same scale: what REA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
REA financial health
Descriptive bands, not a rating. Fiscal 2025.
REA balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $921,0002023 | $48.8M2025 | +628.2%/yr | |
| Total liabilities | $502,0002023 | $20.4M2025 | +537.1%/yr | |
| Shareholders’ equity | $419,0002023 | $26.2M2025 | +690.6%/yr | |
| Cash & short-term investments | $800,0002023 | $22.8M2025 | +434.3%/yr | |
| Working capital | $370,0002023 | $19.3M2025 | +$18.9M | |
| Book value per share | $0.022023 | $1.352025 | +697.0%/yr | |
| Current ratio | 1.742023 | 5.992025 | +4.26 | |
| Shares outstanding | 19.7M2023 | 19.4M2025 | −0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
REA assets
REA liabilities and equity
REA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
REA balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $22.8M | $6,000 | $800,000 |
| Cash & equivalents | $22.8M | $6,000 | $800,000 |
| Receivables | $0 | $50,000 | $20,000 |
| Inventory | $0 | $0 | $0 |
| Other current assets | $269,000 | $11,000 | $52,000 |
| Total current assets | $23.1M | $67,000 | $872,000 |
| Property, plant & equipment (net) | $23.7M | $34,000 | $49,000 |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $2.0M | $0 | $0 |
| Total assets | $48.8M | $101,000 | $921,000 |
| Liabilities | |||
| Accounts payable | $1.5M | $244,000 | $494,000 |
| Short-term debt | $1.1M | — | — |
| Total current liabilities | $3.9M | $266,000 | $502,000 |
| Long-term debt | $0 | $0 | $0 |
| Lease obligations | $20,000 | $0 | — |
| Other long-term liabilities | $16.5M | $95,000 | $0 |
| Total liabilities | $20.4M | $361,000 | $502,000 |
| Shareholders' equity | |||
| Common stock & paid-in capital | $1,000 | — | — |
| Retained earnings (deficit) | −$19.8M | −$9.9M | −$5.9M |
| Accumulated other comprehensive income | −$267,000 | −$334,000 | −$35,000 |
| Minority interest | $2.3M | $0 | — |
| Total shareholders' equity | $26.2M | −$260,000 | $419,000 |
| Key figures | |||
| Total debt | $1.1M | — | — |
| Net cash (debt) | $21.7M | — | — |
| Working capital | $19.3M | −$199,000 | $370,000 |
| Tangible book value | $26.2M | −$260,000 | $419,000 |
| Book value per share | $1.35 | −$0.01 | $0.02 |
| Shares outstanding | 19.4M | 19.7M | 19.7M |
| Current ratio | 5.99 | 0.25 | 1.74 |
| Quick ratio | 5.92 | 0.21 | 1.63 |
| Debt / equity | 0.04 | — | — |
| Equity / assets | 53.6% | −257.4% | 45.5% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $76.7M | $20.4M |
| Cash & equivalents | $10.1M | $20.4M |
| Short-term investments | $66.6M | — |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $1.3M | $448,000 |
| Total current assets | $78.0M | $20.8M |
| Property, plant & equipment (net) | $739,000 | $518,000 |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $23.6M | $26.1M |
| Total assets | $102.4M | $47.4M |
| Liabilities | ||
| Accounts payable | $1.6M | $711,000 |
| Total current liabilities | $2.5M | $3.1M |
| Long-term debt | $0 | $0 |
| Lease obligations | $64,000 | $14,000 |
| Other long-term liabilities | $12.6M | $32.5M |
| Total liabilities | $15.1M | $35.6M |
| Shareholders' equity | ||
| Common stock & paid-in capital | $2,000 | $1,000 |
| Retained earnings (deficit) | −$49.4M | −$36.6M |
| Accumulated other comprehensive income | −$492,000 | −$342,000 |
| Minority interest | $2.3M | $2.3M |
| Total shareholders' equity | $85.0M | $9.5M |
| Key figures | ||
| Working capital | $75.6M | $17.7M |
| Tangible book value | $85.0M | $9.5M |
| Book value per share | $4.67 | $0.64 |
| Shares outstanding | 18.2M | 15.0M |
| Current ratio | 31.80 | 6.70 |
| Quick ratio | 31.28 | 6.56 |
| Equity / assets | 83.0% | 20.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
REA financial position
At the end of fiscal 2025 (December 31, 2025), Rare Earths Americas had total assets of $48.8 million (up 48,253.5% from a year earlier), total liabilities of $20.4 million and shareholders' equity of $26.2 million. It held $22.8 million in cash and short-term investments against $1.1 million of debt, a net cash position of $21.7 million. Its current ratio was 5.99. In the latest quarter (ended June 30, 2026) total assets were $102.4 million and equity $85.0 million.
Related: REA income statement, REA cash flow statement, REA key metrics. See the REA stock overview for the latest quote and news.
REA balance sheet FAQ
What are Rare Earths Americas's total assets?
Rare Earths Americas reported total assets of $48.8 million at the end of fiscal 2025 (December 31, 2025), compared with $0.1 million a year earlier.
How much debt does Rare Earths Americas have?
Rare Earths Americas had $1.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does Rare Earths Americas have?
Rare Earths Americas held $22.8 million in cash and short-term investments at the end of fiscal 2025; with $1.1 million of debt that is net cash of $21.7 million.
What is Rare Earths Americas's book value?
Rare Earths Americas's shareholders' equity (book value) was $26.2 million at the end of fiscal 2025, or $1.35 per share.
What is Rare Earths Americas's current ratio?
Rare Earths Americas had current assets of $23.1 million and current liabilities of $3.9 million, a current ratio of 5.99 (it can cover its short-term obligations).