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Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas are driving growth and contributing most to the company’s financial performance.MP’s revenue mix is undergoing a structural shift: rare‑earth concentrate sales collapse to zero by late‑2025 while NDPR oxide & metal revenues ramp from zero to the company’s largest segment. That implies vertical integration—converting concentrate into higher‑value products—which could materially improve margins if throughput and offtake hold, but it also concentrates execution and market risk on the oxide/metal ramp; monitor production cadence, unit economics, and contract volumes to validate the upside.
Date | Rare Earth Concentrate | NDPR Oxide and Metal | Other |
|---|---|---|---|
Jun 30, 2026 | $0.00 | $94.43M | $1.20M |
Mar 31, 2026 | $0.00 | $71.14M | $1.04M |
Dec 31, 2025 | $0.00 | $34.85M | $723.00K |
Sep 30, 2025 | $0.00 | $30.91M | $730.00K |
Jun 30, 2025 | $11.88M | $25.05M | $610.00K |
Mar 31, 2025 | $30.11M | $24.32M | $1.18M |
Dec 31, 2024 | $36.81M | $23.73M | $453.00K |
Sep 30, 2024 | $43.05M | $19.18M | $695.00K |
Jun 30, 2024 | $24.43M | $6.53M | $301.00K |
Mar 31, 2024 | $40.08M | $8.33M | $281.00K |