USA Rare Earth, Inc. (USAR) — Tangible Net Worth Ratio
USA Rare Earth, Inc. (USAR) has a Tangible Net Worth Ratio of 96.4% as of March 2026. This metric is calculated by deducting intangible assets ($67.25 Million) from net assets ($1.88 Billion) 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. For live market cap and overall valuation, see USAR market cap overview.
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 March 2026, the ratio stands at 96.4%, reflecting net assets of $1.88 Billion with intangible assets of $67.25 Million USD. Also explore USA Rare Earth, Inc. (USAR) equity growth 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. See USAR FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 86.1% | $494.29 Million | $68.61 Million | $695.00 Million | ▲ +3479.3 pp |
| 2024 | -3393.2% | $32.77 Million | $1.14 Billion | $69.07 Million | ▼ -2999.3 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 | — |