USA Rare Earth, Inc. Net Assets
USA Rare Earth, Inc. net assets. Based on the latest financial reports, USA Rare Earth, Inc. (USAR) has net assets worth $2.55 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.00 Billion) and total liabilities ($453.37 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of USA Rare Earth, Inc. to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.55 Billion |
| % of Total Assets | 84.88% |
| Annual Growth Rate | 97.1% |
| 5-Year Change | -78.38% |
| 10-Year Change | 4713.38% |
| Growth Volatility | 2967.5 |
Net Assets of USA Rare Earth, Inc. (2015–2025)
Net assets of USA Rare Earth, Inc. from 2015 to 2025. This chart illustrates how USA Rare Earth, Inc.'s net assets have evolved over time, based on quarterly financial data. See USA Rare Earth, Inc. balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for USA Rare Earth, Inc. (2015–2025)
The table below shows the annual net assets of USA Rare Earth, Inc. from 2015 to 2025. For live market cap and overall valuation, see market value of USA Rare Earth, Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $494.29 Million | +1408.30% |
| 2024-12-31 | $32.77 Million | -86.68% |
| 2023-12-31 | $246.06 Million | +667.86% |
| 2022-12-31 | $32.05 Million | -98.60% |
| 2021-12-31 | $2.29 Billion | -5.44% |
| 2020-12-31 | $2.42 Billion | -23.07% |
| 2019-12-31 | $3.14 Billion | +10085.72% |
| 2018-12-31 | $30.86 Million | +97.73% |
| 2017-12-31 | $15.61 Million | +51.99% |
| 2016-12-31 | $10.27 Million | +1740.32% |
| 2015-12-31 | $558.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to USA Rare Earth, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 69519.4% over the analyzed period, potentially due to dividend distributions or operating losses.
USA Rare Earth, Inc. Net Assets Breakdown (December 2025)
USA Rare Earth, Inc. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.00K | 0.00% |
| Other Comprehensive Income | $130.00K | 0.03% |
| Other Components | $879.85 Million | 178.60% |
| Total Equity | $492.63 Million | 100.00% |
USA Rare Earth, Inc. Competitors by Market Cap
The table below lists competitors of USA Rare Earth, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ID Logistics Group SA
PA:IDL
|
$2.13 Billion |
|
Songcheng Performance Develop
SHE:300144
|
$2.13 Billion |
|
China Automotive Engineering Research Institute Co Ltd
SHG:601965
|
$2.13 Billion |
|
Banco do Nordeste do Brasil S.A
SA:BNBR3
|
$2.13 Billion |
|
Daetwyl I
SW:DAE
|
$2.13 Billion |
|
Lovisa Holdings Ltd
AU:LOV
|
$2.13 Billion |
|
IHS HOLDING LTD. DL-3
F:4JB
|
$2.13 Billion |
|
Autohome Inc ADR
F:8AHB
|
$2.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in USA Rare Earth, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,128,000 to 492,633,000, a change of 462,505,000 (1535.1%).
- Net loss of 297,559,000 reduced equity.
- New share issuances of 213,327,000 increased equity.
- Other comprehensive income increased equity by 130,000.
- Other factors increased equity by 546,607,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-297.56 Million | -60.4% |
| Share Issuances | $213.33 Million | +43.3% |
| Other Comprehensive Income | $130.00K | +0.03% |
| Other Changes | $546.61 Million | +110.96% |
| Total Change | $- | 1535.13% |
Book Value vs Market Value Analysis
This analysis compares USA Rare Earth, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 103.89x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.08 | $8.71 | x |
| 2018-12-31 | $0.17 | $8.71 | x |
| 2019-12-31 | $7.10 | $8.71 | x |
| 2020-12-31 | $5.06 | $8.71 | x |
| 2021-12-31 | $4.77 | $8.71 | x |
| 2022-12-31 | $1.00 | $8.71 | x |
| 2023-12-31 | $10.17 | $8.71 | x |
| 2024-12-31 | $1.35 | $8.71 | x |
| 2025-12-31 | $5.03 | $8.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently USA Rare Earth, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -60.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18110.71%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.41x
- Recent ROE (-60.40%) is below the historical average (24.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 139.96% | 61.79% | 1.21x | 1.87x | $725.20K |
| 2016 | 94.57% | 57.31% | 0.98x | 1.69x | $8.68 Million |
| 2017 | 14.90% | 0.00% | 0.00x | 1.91x | $764.20K |
| 2018 | 215.83% | 0.00% | 0.00x | 1.55x | $63.52 Million |
| 2019 | -11.30% | -41.80% | 0.14x | 2.00x | $-669.46 Million |
| 2020 | -5.07% | -12.61% | 0.17x | 2.32x | $-364.36 Million |
| 2021 | 14.50% | 34.23% | 0.17x | 2.42x | $102.95 Million |
| 2022 | -86.78% | 0.00% | 0.00x | 2.43x | $-26.59 Million |
| 2023 | 2.74% | 0.00% | 0.00x | 1.05x | $-17.86 Million |
| 2024 | -52.23% | -1.34% | 17.04x | 2.29x | $-18.75 Million |
| 2025 | -60.40% | -18110.71% | 0.00x | 1.41x | $-346.82 Million |
Industry Comparison
This section compares USA Rare Earth, Inc.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $168,343,952
- Average return on equity (ROE) among peers: -28.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| USA Rare Earth, Inc. (USAR) | $2.55 Billion | 139.96% | 0.18x | $2.13 Billion |
| Almonty Industries Inc. Common Shares (ALM) | $39.07 Million | -41.71% | 5.56x | $4.28 Billion |
| REalloys Inc. (ALOY) | $204.93K | -206.65% | 0.14x | $419.98 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $2.81 Million | -175.68% | 1.02x | $47.41 Million |
| Blue Moon Metals Inc (BMM) | $163.85 Million | -16.53% | 0.13x | $363.87 Million |
| China Natural Resources Inc (CHNR) | $29.13 Million | 151.25% | 0.12x | $5.03 Million |
| Compass Minerals International Inc (CMP) | $529.60 Million | 11.23% | 3.61x | $960.43 Million |
| Critical Metals Corp. Ordinary Shares (CRML) | $151.00 Million | -0.23% | 0.06x | $918.05 Million |
| Electra Battery Materials Corp (ELBM) | $198.38 Million | -13.52% | 0.03x | $45.44 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $570.80 Million | 10.32% | 0.16x | $429.47 Million |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-1.40 Million | 0.00% | 0.00x | $1.02 Billion |
About USA Rare Earth, Inc.
USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia. It primarily explores neodymium, dysprosium, terbium, yttrium, gallium, hafnium, praseodymium, samarium, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. It products are used in aerosp… Read more