USA Rare Earth, Inc. (USAR) — Tangible Net Worth Ratio
USA Rare Earth, Inc. (USAR) has a Tangible Net Worth Ratio of 97.4% as of June 2026. This metric is calculated by deducting intangible assets ($65.90 Million) from net assets ($2.55 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. Also explore how fast is USA Rare Earth, Inc. growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
USA Rare Earth, Inc. Tangible Net Worth Ratio (2015–2025)
This chart shows how USA Rare Earth, Inc.'s Tangible Net Worth Ratio has changed across 11 annual periods from 2015 to 2025. As of June 2026, the ratio stands at 97.4%, reflecting net assets of $2.55 Billion with intangible assets of $65.90 Million USD. Check USAR capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for USA Rare Earth, Inc. (2015–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for USA Rare Earth, Inc. from 2015 to 2025, covering 11 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 live market cap and overall valuation, see market value of USA Rare Earth, Inc..
| 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 | ▲ +3519.5 pp |
| 2022 | -3913.4% | $32.05 Million | $1.29 Billion | $66.86 Million | ▼ -3954.1 pp |
| 2021 | 40.7% | $2.29 Billion | $1.36 Billion | $5.54 Billion | ▼ -0.3 pp |
| 2020 | 41.0% | $2.42 Billion | $1.43 Billion | $5.61 Billion | ▼ -11.4 pp |
| 2019 | 52.3% | $3.14 Billion | $1.50 Billion | $6.28 Billion | ▼ -47.7 pp |
| 2018 | 100.0% | $30.86 Million | $0.00 | $47.70 Million | ▲ +0.0 pp |
| 2017 | 100.0% | $15.61 Million | $0.00 | $29.76 Million | ▲ +0.0 pp |
| 2016 | 100.0% | $10.27 Million | $0.00 | $17.37 Million | ▲ +0.0 pp |
| 2015 | 100.0% | $558.00K | $0.00 | $1.04 Million | — |