USA Rare Earth Inc. (USAR) reported its first-quarter results after Wednesday's closing bell, and the numbers were better than analysts expected on both the top and bottom lines.
The company posted adjusted losses of 12 cents per share, beating the consensus estimate for a loss of 14 cents. Revenue hit $5.7 million, easily surpassing the $4.23 million Wall Street was looking for.
CEO Barbara Humpton framed the quarter as a period of fundamental transformation. “The first quarter of 2026 was a period of fundamental transformation for USA Rare Earth, defined by the successful execution of our $1.5 billion PIPE financing and the announcement of an agreement for the 100% economic consolidation of our Round Top project,” she said. “These steps, alongside the commissioning of Phase 1a at Stillwater, provide additional resources and operational momentum that continue to propel USA Rare Earth's mission to become the global rare earth leader and serve the most demanding sectors of the modern economy.”
The company also said it plans to host an investor day in the third quarter of 2026.
Looking ahead, USA Rare Earth expects to reach 600 metric tons per annum (MTPA) of run-rate magnet manufacturing capacity at its Stillwater facility by the fourth quarter of 2026. It also aims to hit 3,000 MTPA of run-rate metal making and alloy capacity at LCM by the same period.
In extended trading Wednesday, shares of USA Rare Earth were up 1.49% to $25.80.
