USA Rare Earth, Inc. (USAR) FY2026 Q2 Balance Sheet

Income StatementCash FlowBalance Sheet

Balance Sheet

As of 2026-06-30

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USA Rare Earth, Inc. (USAR) FY2026 Q2 Balance SheetBalance sheet as of 2026-06-30. The chart shows assets, liabilities and equity at that date.Current liabilities$51.01 MCurrent assets$1.67 BLiabilities$451.51 MAssets$3.00 BNon-current liabilities$400.49 MEquity$2.54 BGross equity(calculated)$3.00 BNon-current assets$1.33 B12% Series A Cumulative Convertible PreferredStock subject to possible redemption$10.35 MHOLDINGSASSET CLASSASSETSCLAIM CLASSCLAIM SUB-CLASSCLAIMSCash and cash equivalentsOther assets, currentInventoriesPrepaid expensesAccounts receivableDeferred arrangement costsProperty, plant and equipment, netGoodwillOther intangible assets, netEquipment depositsMineral interestsOperating lease right-of-use assetsOther assets, non-currentAccrued liabilitiesAccounts payableContract liabilities, currentOperating leases, currentFinance leases, currentWarrant liabilityDeferred tax liabilityContract liabilities, non-currentDeferred grant incomeOperating leases, non-currentFinance leases, non-currentAdditional paid-in capitalCommon stockCurrent assetsNon-current assetsAssetsCurrent liabilitiesNon-current liabilitiesLiabilitiesEquityGross equity (calculated)Non-controlling interestAccumulated deficitAccumulated other comprehensive (loss) income12% Series A Cumulative Convertible Preferred Stock subject to possible redemptionAccrued liabilitiesAccrued liabilities$31.68 MAccounts payableAccounts payable$17.37 MCurrent liabilitiesCurrent liabilities$51.01 MCurrent assetsCurrent assets$1.67 BContract liabilities, currentContract liabilities, current$1.33 MCash and cash equivalentsCash and cash equivalents$1.53 BOperating leases, currentOperating leases, current$350.00 KLiabilitiesLiabilities$451.51 MFinance leases, currentFinance leases, current$290.00 KOther assets, currentOther assets, current$73.69 MWarrant liabilityWarrant liability$364.19 MAssetsAssets$3.00 BInventoriesInventories$50.14 MDeferred tax liabilityDeferred tax liability$15.67 MNon-current liabilitiesNon-current liabilities$400.49 MPrepaid expensesPrepaid expenses$12.35 MContract liabilities, non-currentContract liabilities, non-current$9.60 MEquityEquity$2.54 BAccounts receivableAccounts receivable$6.27 MDeferred grant incomeDeferred grant income$8.48 MOperating leases, non-currentOperating leases, non-current$2.11 MDeferred arrangement costsDeferred arrangement costs$912.09 MFinance leases, non-currentFinance leases, non-current$445.00 KGross equity (calculated)Gross equity(calculated)$3.00 BNon-current assetsNon-current assets$1.33 BProperty, plant and equipment, netProperty, plant and equipment, net$146.75 MGoodwillGoodwill$134.85 MOther intangible assets, netOther intangible assets, net$65.90 M12% Series A Cumulative Convertible Preferred Stock subject to possible redemption12% Series A Cumulative Convertible PreferredStock subject to possible redemption$10.35 MAdditional paid-in capitalAdditional paid-in capital$3.00 BEquipment depositsEquipment deposits$46.90 MMineral interestsMineral interests$17.34 MOperating lease right-of-use assetsOperating lease right-of-use assets$2.15 MOther assets, non-currentOther assets, non-current$255.00 KCommon stockCommon stock$24.00 KNon-controlling interestNon-controlling interest−$1.06 MAccumulated deficitAccumulated deficit−$464.68 MAccumulated other comprehensive (loss) incomeAccumulated other comprehensive (loss) income−$927.00 K
Chart details

USA Rare Earth, Inc. (USAR) FY2026 Q2 Balance Sheet

Balance sheet as of 2026-06-30. The chart shows assets, liabilities and equity at that date.

Assets
2,998,827,000 US dollars
Current assets
1,672,589,000 US dollars
Non-current assets
1,326,238,000 US dollars
Liabilities
451,508,000 US dollars
Current liabilities
51,014,000 US dollars
Non-current liabilities
400,494,000 US dollars
Equity
2,536,972,000 US dollars
12% Series A Cumulative Convertible Preferred Stock subject to possible redemption
10,347,000 US dollars
Noncontrolling interest
negative 1,056,000 US dollars. Included in consolidated equity; this amount is not added again.
Cash and cash equivalents
1,530,147,000 US dollars
Other assets, current
73,687,000 US dollars
Inventories
50,138,000 US dollars
Prepaid expenses
12,347,000 US dollars
Accounts receivable
6,270,000 US dollars
Deferred arrangement costs
912,091,000 US dollars
Property, plant and equipment, net
146,751,000 US dollars
Goodwill
134,848,000 US dollars
Other intangible assets, net
65,899,000 US dollars
Equipment deposits
46,904,000 US dollars
Mineral interests
17,339,000 US dollars
Operating lease right-of-use assets
2,151,000 US dollars
Other assets, non-current
255,000 US dollars
Accrued liabilities
31,679,000 US dollars
Accounts payable
17,367,000 US dollars
Contract liabilities, current
1,328,000 US dollars
Operating leases, current
350,000 US dollars
Finance leases, current
290,000 US dollars
Note payable
0 US dollars
Warrant liability
364,189,000 US dollars
Deferred tax liability
15,665,000 US dollars
Contract liabilities, non-current
9,602,000 US dollars
Deferred grant income
8,482,000 US dollars
Operating leases, non-current
2,111,000 US dollars
Finance leases, non-current
445,000 US dollars
Earnout liability
0 US dollars
Additional paid-in capital
3,003,612,000 US dollars
Common stock
24,000 US dollars
Non-controlling interest
negative 1,056,000 US dollars
Accumulated deficit
negative 464,681,000 US dollars
Accumulated other comprehensive (loss) income
negative 927,000 US dollars
Gross equity (calculated)
3,003,636,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

  • Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
  • Treasury shares and other negative equity contributions reduce equity.
USA Rare Earth, Inc. (USAR) FY2026 Q2 Balance Sheet Sankey chart
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