USA Rare Earth, Inc. (USAR) — Tangible Net Worth Ratio
USA Rare Earth, Inc. (USAR) has a Tangible Net Worth Ratio of 86.1% as of December 2025. This metric is calculated by deducting intangible assets ($68.61 Million) from net assets ($494.29 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See USAR net asset value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
USA Rare Earth, Inc. Tangible Net Worth Ratio (2022–2025)
This chart shows how USA Rare Earth, Inc.'s Tangible Net Worth Ratio has changed across 4 annual periods from 2022 to 2025. As of December 2025, the ratio stands at 86.1%, reflecting net assets of $494.29 Million with intangible assets of $68.61 Million USD. Also explore USAR net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for USA Rare Earth, Inc. (2022–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for USA Rare Earth, Inc. from 2022 to 2025, covering 4 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of USA Rare Earth, Inc..
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.4% | $503.19 Million | $68.61 Million | $695.00 Million | ▲ +16237.4 pp |
| 2024 | -16151.1% | $7.04 Million | $1.14 Billion | $24.14 Million | ▼ -15757.1 pp |
| 2023 | -394.0% | $246.06 Million | $1.22 Billion | $259.47 Million | ▼ -435.3 pp |
| 2022 | 41.3% | $2.19 Billion | $1.29 Billion | $5.79 Billion | — |