your badges 52W Range $11–$44 7% of range Analyst Rating BUY 14 analysts Price Target $36 +162% upside P/E -6.0 ROE -164.2% Net Profit Margin -18110.7%

USAR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $13.59
Market Cap (MRQ) $3.33B
P/E -6.0
EPS $-3.31
Revenue $2M
ROE -164.2%
Debt/Equity (MRQ) 0.0
52W Range $11–$44

USAR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2M
2024-12-31 → 2025-12-31
EPS$-3.31
2024-12-31 → 2025-12-31
Free Cash Flow$-86M
2025-12-31 → 2025-12-31
Net margin-18110.7%
2025-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend USAR 5Y avg Peer Median Verdict
P/E -6.0 · · ·
P/S 1803.0 · · ·
P/B (MRQ) 1.3 · 3.9 Undervalued
EV / EBITDA -44.3 · · ·
Price / FCF (TTM) -13.5 · · ·
Price / Cash Flow (TTM) -31.3 · · ·
EV / Revenue 1585.0 · · ·
EV / FCF -30.2 · · ·
Price / Tangible Book (MRQ) 1.3 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -66.4%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 17, 2026 $-0.15 $-0.13 -17.6%
March 31, 2026 May 13, 2026 $-0.12 $-0.14 13.9%
Dec. 31, 2025 $-0.48 $-0.13 -278.4%
Sept. 30, 2025 $-0.25 $-0.08 -216.1%
June 30, 2025 $-0.08 $-0.11 24.1%
March 31, 2025 $0.58 $0.33 75.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 20252024
Revenue $2M$0
Cost of Revenue $1M$0
Gross Profit $195.0K$0
R&D Expense $16M$6M
SG&A Expense $43M$9M
Operating Income $-60M$-16M
Interest Income $5M$292.0K
Other Non-op $-239M$-807.0K
Pretax Income $-299M$-16M
Income Tax $-160.0K$0
Net Income $-298M$-16M
EPS (Basic) $-3.31$-0.40
EPS (Diluted) $-3.31$-0.40
Shares (Basic) 98,021,00059,538,000
Shares (Diluted) 98,021,00059,538,000
EBITDA $-59M$-4M
Balance Sheet 26
Metric Trend 20252024
Cash & Equivalents $360M$17M
Inventory $19M$0
Prepaid Expense $3M$378.0K
Other Current Assets $286.0K·
Current Assets $385M$22M
PP&E (Net) $85M$27M
PP&E (Gross) $87M$28M
Accum. Depreciation $2M$1M
Goodwill $135M$0
Intangibles $69M·
Other Non-current Assets $176.0K$52.0K
Total Assets $695M$69M
Accounts Payable $11M$2M
Accrued Liabilities $14M$3M
Short-term Debt $2M$831.0K
Current Liabilities $38M$7M
Capital Leases $185.0K$0
Deferred Tax $17M$0
Total Liabilities $192M$15M
Total Debt $2M·
Common Stock $15.0K$6.0K
Retained Earnings $-387M$-73M
AOCI $130.0K$0
Stockholders' Equity $494M$34M
Liabilities + Equity $695M$69M
Shares Outstanding 148,055,00060,091,000
Cash Flow 11
Metric Trend 20252024
D&A $763.0K$235.0K
Stock-based Comp $9M$2M
Amort. of Intangibles $678.0K$0
Other Non-cash $239M·
Operating Cash Flow $-49M$-13M
CapEx $37M$3M
Investing Cash Flow $-140M$-3M
Stock Repurchased ·$247M
Net Stock Activity ·$-247M
Financing Cash Flow $532M$20M
Free Cash Flow $-86M·
Profitability 8
Metric Trend 20252024
Gross Margin 11.9%·
Operating Margin -3621.6%·
Net Margin -18110.7%·
Pretax Margin -18179.2%·
EBITDA Margin -3575.2%·
ROA -77.9%5.6%
ROE -164.2%69.8%
ROIC -12.0%·
Liquidity & Solvency 3
Metric Trend 20252024
Current Ratio 10.20.0
Quick Ratio 9.50.0
Debt / Equity 0.0·
Efficiency 2
Metric Trend 20252024
Asset Turnover 0.0·
Inventory Turnover 0.2·
Per Share 5
Metric Trend 20252024
Book Value / Share $3.34·
Revenue / Share $0.02·
Cash Flow / Share $-0.50·
Cash / Share $2.43·
EPS (TTM) $-3.31$-0.40
Valuation (TTM) 14
Metric Trend 20252024
Revenue TTM $2M$0
Net Income TTM $-298M$-16M
Market Cap $1.76B·
Enterprise Value $1.40B·
P/E -3.6-28.7
P/S 1072.3·
P/B 3.6·
P / Tangible Book 6.1·
P / Cash Flow -36.0·
P / FCF -20.4·
EV / EBITDA -23.9·
EV / FCF -16.3·
EV / Revenue 854.4·
Earnings Yield -27.8%-3.5%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-31
Revenue $2M $0 ·
Gross Margin % 11.9% · ·
Operating Margin % -3621.6% · ·
Net Income $-298M $-16M $7M
Diluted EPS $-3.31 $-0.40 ·

Institutional owners (13F) 443 filers · $3.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 443
Value held $3.4B
New positions 134
Exited positions 40
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
134 (-27 vs prior Q) 40 (-2 vs prior Q) 160 (+42 vs prior Q) 75 (+36 vs prior Q) +13.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $335,794,575 15,560,453 9.82% Shares
STATE STREET CORP $291,809,637 13,522,226 8.54% Shares
Alyeska Investment Group, L.P. $243,645,128 11,290,321 7.13% Shares
UBS Group AG $192,360,754 8,913,844 5.63% Shares
VANGUARD CAPITAL MANAGEMENT LLC $177,832,321 8,240,608 5.20% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $118,591,746 5,495,447 3.47% Shares
GEODE CAPITAL MANAGEMENT, LLC $104,857,436 4,858,203 3.07% Shares
JANE STREET GROUP, LLC $103,251,668 4,784,600 3.02% Put option
Bayshore Capital Advisors, LLC $95,788,980 4,438,785 2.80% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $91,771,108 4,252,600 2.68% Call option
RENAISSANCE TECHNOLOGIES LLC $85,264,738 3,951,100 2.49% Shares
Hood River Capital Management LLC $79,605,340 3,688,848 2.33% Shares
JANE STREET GROUP, LLC $78,009,542 3,614,900 2.28% Call option
VANGUARD GROUP INC $71,834,184 6,036,486 2.10% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $63,790,480 2,956,000 1.87% Put option
Inflection Point Holdings II LLC $47,312,500 3,125,000 1.38% Shares
CITADEL ADVISORS LLC $46,409,948 2,150,600 1.36% Call option
Marex Group Ltd $46,232,323 2,142,369 1.35% Shares
REAVES W H & CO INC $43,160,000 2,000,000 1.26% Shares
JPMORGAN CHASE & CO $41,909,429 1,983,632 1.23% Shares
CITADEL ADVISORS LLC $37,865,347 1,754,650 1.11% Shares
CITADEL ADVISORS LLC $36,720,528 1,701,600 1.07% Put option
NORTHERN TRUST CORP $34,306,870 1,589,753 1.00% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $32,765,389 1,518,322 0.96% Shares
BANK OF AMERICA CORP /DE/ $32,761,569 1,518,145 0.96% Shares
Capital World Investors $32,375,179 1,500,240 0.95% Shares
MORGAN STANLEY $27,827,323 1,289,496 0.81% Shares
VANGUARD FIDUCIARY TRUST CO $27,802,442 1,288,343 0.81% Shares
ALTFEST L J & CO INC $27,202,130 1,260,525 0.80% Shares
CITIGROUP INC $26,784,254 1,241,161 0.78% Shares
Zimmer Partners, LP $24,433,308 1,132,220 0.71% Shares
ALLIANCEBERNSTEIN L.P. $20,595,254 1,360,770 0.60% Shares
Artisan Partners Limited Partnership $20,581,342 953,723 0.60% Shares
Driehaus Capital Management LLC $20,334,705 942,294 0.59% Shares
FMR LLC $20,320,650 941,643 0.59% Shares
D. E. Shaw & Co., Inc. $18,235,100 845,000 0.53% Call option
Korea Investment CORP $18,108,339 839,126 0.53% Shares
GOLDMAN SACHS GROUP INC $17,947,007 831,650 0.52% Shares
PEAK6 LLC $17,434,482 807,900 0.51% Call option
Point72 Asset Management, L.P. $16,992,092 787,400 0.50% Call option
LMR Partners LLP $16,264,328 753,676 0.48% Shares
Yaupon Capital Management LP $15,106,000 700,000 0.44% Shares
Walleye Trading LLC $14,790,932 685,400 0.43% Call option
Bank of New York Mellon Corp $13,509,855 626,036 0.40% Shares
NOMURA ASSET MANAGEMENT CO LTD $13,309,832 616,767 0.39% Shares
Nuveen, LLC $13,181,755 610,832 0.39% Shares
LPL Financial LLC $12,497,215 579,111 0.37% Shares
Squarepoint Ops LLC $11,786,046 546,156 0.34% Shares
Ghisallo Capital Management LLC $10,790,000 500,000 0.32% Shares
Trustees of the University of Pennsylvania $10,640,969 493,094 0.31% Shares

Show all 443 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
VB (Rare Earths) Ltd, Vision Blue Resources Ltd Sept. 11, 2026 7.90% Initial filing · SEC
Gutnick Mordechai Zev, Critical Minerals Trust, Springfield Six One Three LLC ×2 filings June 9, 2026 6.80% Amendment M&A / sale SEC
Michael Blitzer, Inflection Point Holdings II LLC ×4 filings Sept. 17, 2025 5.80% Amendment · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 16 insiders · 7 officers · 11 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Barbara Humpton Chief Executive Officer Oct. 1, 2025 A · 0 0 $0
Joshua Ballard Chief Executive Officer Aug. 13, 2025 A · 0 0 $0
William Robert Steele Jr Chief Financial Officer May 20, 2026 M 42,002 0 0 $0
Thrasyvoulos Moraitis President Sept. 3, 2026 A · 0 0 $0
Stephen James Ridge Chief Operating Officer March 13, 2025 A 66,162 0 0 $0
Valerie Jacob Chief Legal Officer March 17, 2026 A · 0 0 $0
David Thomas Kronenfeld Chief Legal Officer Feb. 12, 2026 J 76,374 0 0 $0
Michael Lawrence Davis Director Sept. 3, 2026 A · 0 0 $0
Carolyn Trabuco Director Aug. 19, 2026 A 18,783 1 1 $-266,630
Michael Blitzer Director July 19, 2026 A 877,983 1 0 $2,144,000
Thomas Caulfield Director July 7, 2026 A 3,226 0 0 $0
Michael F Senft Director June 3, 2026 A 30,483 0 0 $0
Otto C Schwethelm Director June 3, 2026 A 30,483 0 0 $0
Mordechai Zev Gutnick Director May 20, 2026 M 30,483 0 0 $0
Tready Smith Director Oct. 1, 2025 A 37,073 0 0 $0
Paul J Kern · May 20, 2026 M 209,518 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 25 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PBW · Invesco Exchange-Traded Fund Trust 1.25% 303,306 SH Oct. 2, 2026 Daily
JSML · Janus Detroit Street Trust 0.33% 81,072 NS July 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.25% 207,791 SH Aug. 19, 2026 Daily
VAW · VANGUARD WORLD FUND 0.25% 511,679 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.20% 1,825,426 SH Sept. 11, 2026 Daily
PICK · iShares, Inc. 0.18% 286,880 SH Sept. 11, 2026 Daily
FMAT · FIDELITY COVINGTON TRUST 0.18% 68,137 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.13% 1,118,062 SH Aug. 19, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.12% 6,941 NS July 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.11% 105,925 SH Aug. 19, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.10% 48,306 NS July 31, 2026 N-PORT
IWM · iShares Trust 0.10% 4,955,719 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.09% 93,014 NS July 31, 2026 N-PORT
IGE · iShares Trust 0.07% 34,290 SH Sept. 11, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.06% 1,256,339 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.05% 80,921 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.04% 2,020,736 SH Aug. 19, 2026 Daily
WSML · iShares Trust 0.03% 11,799 SH Sept. 11, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.02% 2,176,236 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.01% 6,022,904 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 16,054 SH Aug. 19, 2026 Daily
IWV · iShares Trust 0.00% 50,281 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.00% 229,917 SH Sept. 11, 2026 Daily
ISCB · iShares Trust · 8,007 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 115,440 SH Sept. 11, 2026 Daily

USAR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 14 analysts BUY
Median target $35.00 +157.5%
4 28.6% Strong Buy
9 64.3% Buy
1 7.1% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

9 analysts · 2026-10-04

Mean target $35.56 +161.6%

← Below all targets Current price $13.59
Low$21.00 Mean$35.56 High$45.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
USAR $1.76B -3.6 · -18110.7% -164.2% 11.9%
MP $8.96B -101.0 10.1% -38.3% -5.8% ·
MTRN $2.58B 34.7 6.0% 4.2% 8.1% 17.3%
ALM · -11.3 · -498.0% -81.6% 7.3%
SSMR · · · · · ·
EMAT · · · · 14.9% ·
CRML · -6.4 · · -128.3% ·
CMP · -6.9 11.3% -6.4% -33.9% 15.3%

Latest News Recent headlines mentioning this company

23
USA Rare Earth (USAR) Acquired Serra Verde. Can it Manage the Debt and Production Ramp? Yahoo Finance · 3 weeks, 1 day ago China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that Yahoo Finance · 3 months, 3 weeks ago Here's Why USA Rare Earth Shares Rose Again Today Yahoo Finance · 4 months, 1 week ago Here's Why USA Rare Earth Stock Crashed This Week Nasdaq · 4 months, 2 weeks ago USA Rare Earth (USAR) to Acquire Serra Verde Group for $2.8B to Secure Critical Mineral Supply Chain Yahoo Finance · 5 months ago USA Rare Earth (USAR) Expands in Brazil, Climbs 13% Yahoo Finance · 5 months, 1 week ago Stock Market Today, April 20: USA Rare Earth Surges After Announcing $2.8 Billion Serra Verde Acquisition Nasdaq · 5 months, 1 week ago USA Rare Earth (USAR) Loses 8.82% as Lawmaker Questions Lutnick Conflict of Interest Yahoo Finance · 6 months, 1 week ago USA Rare Earth vs. MP Materials: Which Mining Stock Should You Buy in 2026? Yahoo Finance · 6 months, 1 week ago

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26

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Source: SEC 10-Q filed Aug 10, 2026