MP Materials posted a 28% year-over-year revenue increase in Q4 2025, driven by elevated demand for rare earth elements (REEs) used in clean energy and defense applications. The company also advanced its domestic processing capacity, reinforcing its strategic role in U.S. critical materials supply chains.
- Q4 2025 revenue: $267 million, up 28% YoY
- NdFeB magnet production increased 22% YoY
- REE separation output reached 1,800 metric tons in Q4
- Announced $120 million investment in Texas magnet facility
- Lynas Advanced Materials joint venture supporting U.S. processing capacity
- Shares rose 6.3% in after-hours trading
MP Materials delivered robust financial results in the fourth quarter of 2025, reporting consolidated revenue of $267 million, up from $208 million in the same period the prior year. This growth reflects strong demand for rare earth oxides and finished magnets, particularly from electric vehicle manufacturers and defense contractors. The company attributed the increase to higher shipment volumes and improved pricing, with its neodymium-iron-boron (NdFeB) magnet production rising 22% compared to Q4 2024. The performance underscores MP Materials’ expanding role in securing U.S. supply chains for rare earth elements (REEs), a category of critical minerals essential for wind turbines, EV motors, and advanced semiconductors. The company’s Lynas Advanced Materials (LAM) joint venture in California continues to ramp up processing capacity, with REE separation output reaching 1,800 metric tons in Q4—up 15% from the previous quarter. MP also announced a $120 million investment to expand its magnetic materials facility in Texas, aimed at supporting long-term supply commitments to major U.S. automakers and defense partners. Market participants are closely tracking MP’s progress as the U.S. government prioritizes domestic production of strategic materials. The company’s ability to scale output while maintaining quality standards positions it as a key beneficiary of federal incentives under the Inflation Reduction Act and the Defense Production Act. Analysts note that MP’s operational improvements and strategic partnerships are reducing reliance on foreign sources, particularly in China, which historically dominated the global REE supply chain. The stock, trading under the ticker MP, reacted positively to the earnings release, with shares rising 6.3% in after-hours trading. Investors are particularly focused on MP’s ability to deliver consistent output in 2026, given rising demand forecasts from the Department of Energy and the growing semiconductor industry’s need for high-performance magnets.