Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $0.00 | $1.64M |
| Gross profit | — | $0.00 | $195K |
| Gross margin | — | — | 11.9% |
| Operating income | — | -$15.6M | -$59.5M |
| Operating margin | — | — | -3621.6% |
| Net income | — | -$15.7M | -$298M |
| Net margin | — | — | -18110.7% |
| EPS (diluted) | — | -$0.40 | -$3.31 |
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Operating cash flow | — | -$13.0M | -$49.0M |
| Capital expenditures | — | $3.11M | $37.4M |
| Free cash flow | — | -$16.1M | -$86.3M |
| Share buybacks | — | $247M | — |
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Cash & equivalents | $276K | $16.8M | $360M |
| Total assets | $259M | $69.1M | $695M |
| Total liabilities | $13.4M | $15.1M | $192M |
| Shareholders' equity | $42.5M | $34.0M | $494M |
| Retained earnings | -$12.9M | -$72.9M | -$387M |
| Shares (wtd avg diluted) | — | 59.5M | 98.0M |
Every figure is extracted from USA Rare Earth, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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