MP Materials annual net debt
2019
2020
2021
2022
2023
2024
2025
MP Materials Net Debt Growth & History (MP)
MP Materials's net debt was −$155.6M for fiscal 2025.
View full MP Materials company overviewMP Materials annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$155.6M | −$789.5M | — |
| 2024 | 2024-12-31 | $633.9M | $206.9M | +48.45% |
| 2023 | 2023-12-31 | $427.0M | −$115.5M | −21.29% |
| 2022 | 2022-12-31 | $542.5M | $1.05B | — |
| 2021 | 2021-12-31 | −$503.2M | $11.0M | — |
| 2020 | 2020-12-31 | −$514.2M | −$512.6M | — |
| 2019 | 2019-12-31 | −$1.6M | — | — |
MP Materials quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $523.4M | −$133.6M | −20.33% |
| Q1 2026 | 2026-03-31 | $131.3M | −$588.4M | −81.75% |
| Q4 2025 | 2025-12-31 | −$155.6M | −$789.5M | — |
| Q3 2025 | 2025-09-30 | −$137.4M | −$798.7M | — |
| Q2 2025 | 2025-06-30 | $657.0M | $8.2M | +1.27% |
| Q1 2025 | 2025-03-31 | $719.8M | $72.6M | +11.21% |
| Q4 2024 | 2024-12-31 | $633.9M | $206.9M | +48.45% |
| Q3 2024 | 2024-09-30 | $661.3M | $519.5M | +366.36% |
| Q2 2024 | 2024-06-30 | $648.8M | $888.1M | — |
| Q1 2024 | 2024-03-31 | $647.2M | $619.1M | +2202.26% |
| Q4 2023 | 2023-12-31 | $427.0M | −$115.5M | −21.29% |
| Q3 2023 | 2023-09-30 | $141.8M | −$107.8M | −43.19% |
| Q2 2023 | 2023-06-30 | −$239.3M | −$251.5M | — |
| Q1 2023 | 2023-03-31 | $28.1M | $585.6M | — |
| Q4 2022 | 2022-12-31 | $542.5M | $1.05B | — |
| Q3 2022 | 2022-09-30 | $249.6M | $753.6M | — |
| Q2 2022 | 2022-06-30 | $12.2M | $534.5M | — |
| Q1 2022 | 2022-03-31 | −$557.5M | −$53.2M | — |
| Q4 2021 | 2021-12-31 | −$503.2M | $11.0M | — |
| Q3 2021 | 2021-09-30 | −$504.0M | — | — |
| Q2 2021 | 2021-06-30 | −$522.3M | — | — |
| Q1 2021 | 2021-03-31 | −$504.3M | — | — |
| Q4 2020 | 2020-12-31 | −$514.2M | — | — |
MP Materials net debt trends
Over the last five fiscal years, MP Materials's net debt increased from −$514.2M to −$155.6M, a change of $358.5M. The latest reported quarter, Q2 2026, shows $523.4M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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