USA Rare Earth, Inc. (USAR) — Net Asset Quality Index
USA Rare Earth, Inc. (USAR) has a Net Asset Quality Index of 88.0% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $2.13 Billion minus total liabilities of $255.88 Million yields net assets of $1.88 Billion. A higher index indicates a stronger, lower-leverage balance sheet. For live market cap and overall valuation, see USA Rare Earth, Inc. market cap and net worth.
Quality Index
Net Assets
Total Assets
Total Liabilities
USA Rare Earth, Inc. Net Asset Quality Index Over Time (2022–2025)
This chart shows how USA Rare Earth, Inc.'s Net Asset Quality Index has evolved across 4 annual periods from 2022 to 2025. As of March 2026, the index stands at 88.0%, representing net assets of $1.88 Billion against total assets of $2.13 Billion USD. See USAR book value for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for USA Rare Earth, Inc. (2022–2025)
The table below presents the year-by-year Net Asset Quality Index for USA Rare Earth, Inc. from 2022 to 2025, covering 4 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check USAR strategic asset allocation to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 71.1% | $494.29 Million | $695.00 Million | $200.71 Million | ▲ +23.7 pp |
| 2024 | 47.4% | $32.77 Million | $69.07 Million | $36.30 Million | ▼ -47.4 pp |
| 2023 | 94.8% | $246.06 Million | $259.47 Million | $13.41 Million | ▲ +57.0 pp |
| 2022 | 37.9% | $2.19 Billion | $5.79 Billion | $3.60 Billion | — |