MP Materials annual operating expenses
2019
2020
2021
2022
2023
2024
2025
MP Materials Operating Expenses Growth & History (MP)
MP Materials's operating expenses was $181.0M for fiscal 2025.
View full MP Materials company overviewMP Materials annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $181.0M | −$192.3M | −51.50% |
| 2024 | 2024-12-31 | $373.3M | $102.1M | +37.66% |
| 2023 | 2023-12-31 | $271.2M | $71.1M | +35.51% |
| 2022 | 2022-12-31 | $200.1M | $33.5M | +20.10% |
| 2021 | 2021-12-31 | $166.6M | −$2.4M | −1.42% |
| 2020 | 2020-12-31 | $169.0M | $88.0M | +108.58% |
| 2019 | 2019-12-31 | $81.0M | — | — |
MP Materials quarterly operating expenses
Q1.20
Q2.20
Q1.21
Q3.21
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $68.2M | −$33.0M | −32.63% |
| Q1 2026 | 2026-03-31 | $40.5M | −$55.1M | −57.60% |
| Q4 2025 | 2025-12-31 | $11.3M | −$93.6M | −89.21% |
| Q3 2025 | 2025-09-30 | $120.6M | $18.1M | +17.67% |
| Q2 2025 | 2025-06-30 | $101.3M | $16.5M | +19.50% |
| Q1 2025 | 2025-03-31 | $95.6M | $14.5M | +17.84% |
| Q4 2024 | 2024-12-31 | $104.9M | $30.1M | +40.24% |
| Q3 2024 | 2024-09-30 | $102.5M | $32.4M | +46.27% |
| Q2 2024 | 2024-06-30 | $84.8M | $21.2M | +33.38% |
| Q1 2024 | 2024-03-31 | $81.1M | $18.4M | +29.29% |
| Q4 2023 | 2023-12-31 | $74.8M | $19.1M | +34.16% |
| Q3 2023 | 2023-09-30 | $70.1M | $24.8M | +54.72% |
| Q2 2023 | 2023-06-30 | $63.5M | $15.7M | +32.91% |
| Q1 2023 | 2023-03-31 | $62.7M | $11.5M | +22.45% |
| Q4 2022 | 2022-12-31 | $55.8M | — | — |
| Q3 2022 | 2022-09-30 | $45.3M | −$383,000 | −0.84% |
| Q2 2022 | 2022-06-30 | $47.8M | — | — |
| Q1 2022 | 2022-03-31 | $51.2M | $31.1M | +154.97% |
| Q3 2021 | 2021-09-30 | $45.7M | — | — |
| Q1 2021 | 2021-03-31 | $20.1M | $2.0M | +11.18% |
| Q2 2020 | 2020-06-30 | $91.6M | — | — |
| Q1 2020 | 2020-03-31 | $18.1M | — | — |
MP Materials operating expenses trends
Over the last five fiscal years, MP Materials's operating expenses increased from $169.0M to $181.0M, a change of $12.0M. The latest reported quarter, Q2 2026, shows $68.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review MP Materials source filings ↗