USA Rare Earth, Inc. (USAR) — Net Asset Quality Index
USA Rare Earth, Inc. (USAR) has a Net Asset Quality Index of 84.9% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $3.00 Billion minus total liabilities of $453.37 Million yields net assets of $2.55 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check how high is USA Rare Earth, Inc.'s earnings quality to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
USA Rare Earth, Inc. Net Asset Quality Index Over Time (2015–2025)
This chart shows how USA Rare Earth, Inc.'s Net Asset Quality Index has evolved across 11 annual periods from 2015 to 2025. As of June 2026, the index stands at 84.9%, representing net assets of $2.55 Billion against total assets of $3.00 Billion USD. See USAR book value for net asset value and shareholders' equity analysis.
Annual Net Asset Quality Index for USA Rare Earth, Inc. (2015–2025)
The table below presents the year-by-year Net Asset Quality Index for USA Rare Earth, Inc. from 2015 to 2025, covering 11 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. For live market cap and overall valuation, see USA Rare Earth, Inc. market cap and net worth.
| 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 | ▲ +46.9 pp |
| 2022 | 47.9% | $32.05 Million | $66.86 Million | $34.81 Million | ▲ +6.7 pp |
| 2021 | 41.2% | $2.29 Billion | $5.54 Billion | $3.26 Billion | ▼ -1.9 pp |
| 2020 | 43.1% | $2.42 Billion | $5.61 Billion | $3.19 Billion | ▼ -6.9 pp |
| 2019 | 50.0% | $3.14 Billion | $6.28 Billion | $3.14 Billion | ▼ -14.7 pp |
| 2018 | 64.7% | $30.86 Million | $47.70 Million | $16.84 Million | ▲ +12.2 pp |
| 2017 | 52.4% | $15.61 Million | $29.76 Million | $14.15 Million | ▼ -6.7 pp |
| 2016 | 59.1% | $10.27 Million | $17.37 Million | $7.10 Million | ▲ +5.5 pp |
| 2015 | 53.6% | $558.00K | $1.04 Million | $483.00K | — |