USA Rare Earth, Inc. (USAR) - Net Assets
Based on the latest financial reports, USA Rare Earth, Inc. (USAR) has net assets worth $503.19 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($695.00 Million) and total liabilities ($191.81 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. Read USA Rare Earth, Inc. balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $503.19 Million |
| % of Total Assets | 72.4% |
| Annual Growth Rate | -38.77% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3364.08 |
USA Rare Earth, Inc. - Net Assets Trend (2022–2025)
This chart illustrates how USA Rare Earth, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore USA Rare Earth, Inc. assets under control for the complete picture of this company's asset base.
Annual Net Assets for USA Rare Earth, Inc. (2022–2025)
The table below shows the annual net assets of USA Rare Earth, Inc. from 2022 to 2025. For live valuation and market cap data, see USAR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $503.19 Million | +7043.33% |
| 2024-12-31 | $7.04 Million | -97.14% |
| 2023-12-31 | $246.06 Million | -88.78% |
| 2022-12-31 | $2.19 Billion | -- |
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 567.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (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 |
|---|---|
|
Minor International Public Company Limited
BK:MINT
|
$3.66 Billion |
|
Bechtle AG
XETRA:BC8
|
$3.66 Billion |
|
STO Express Co Ltd
SHE:002468
|
$3.66 Billion |
|
St Galler Kantonalbank AG
SW:SGKN
|
$3.67 Billion |
|
ENAGAS A.A. ADR1/2/EO150
F:EG40
|
$3.66 Billion |
|
Juneyao Airlines
SHG:603885
|
$3.66 Billion |
|
CGN Power Co Ltd
F:94C
|
$3.65 Billion |
|
National Health Investors Inc
NYSE:NHI
|
$3.65 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 24,135,931 to 492,633,000, a change of 468,497,069 (1941.1%).
- 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 552,599,069.
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 | $552.60 Million | +112.17% |
| Total Change | $- | 1941.08% |
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: 5.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.33x to 5.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $79.72 | $26.33 | x |
| 2023-12-31 | $10.17 | $26.33 | x |
| 2024-12-31 | $1.08 | $26.33 | x |
| 2025-12-31 | $5.03 | $26.33 | 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 (-6.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -1.09% | 0.00% | 0.00x | 2.64x | $-243.08 Million |
| 2023 | 2.74% | 0.00% | 0.00x | 1.05x | $-17.86 Million |
| 2024 | 32.73% | 0.67% | 48.76x | 1.00x | $5.49 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: $112,165,026
- Average return on equity (ROE) among peers: -309.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| USA Rare Earth, Inc. (USAR) | $503.19 Million | -1.09% | 0.38x | $3.66 Billion |
| Almonty Industries Inc. Common Shares (ALM) | $22.92 Million | -31.05% | 4.18x | $1.65 Billion |
| REalloys Inc. (ALOY) | $-1.15 Million | 0.00% | 0.00x | $589.33 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $7.68 Million | -531.18% | 4.68x | $133.83 Million |
| China Natural Resources Inc (CHNR) | $13.20 Million | -174.58% | 6.18x | $4.90 Million |
| Compass Minerals International Inc (CMP) | $288.50 Million | -153.73% | 1.20x | $1.00 Billion |
| Critical Metals Corp. Ordinary Shares (CRML) | $23.23K | -2159.22% | 4.02x | $1.11 Billion |
| Electra Battery Materials Corp (ELBM) | $-60.81K | 0.00% | 0.00x | $54.97 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $795.63 Million | -12.74% | 0.20x | $467.91 Million |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-5.61 Million | 0.00% | 0.00x | $4.72 Billion |
| Foremost Lithium Resource & Technology Ltd. Common stock (FMST) | $513.73K | -37.37% | 0.12x | $19.86 Million |
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. It explores for neodymium, dysprosium, terbium, yttrium, gallium, beryllium, lithium, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. USA Rare Earth, Inc. was founded in 2019 and is based in Stillwater… Read more