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

- Company: USA Rare Earth, Inc. (USAR)
- Period: As of 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-10, accession number 0001970622-26-000057
- Page: https://plicit.ai/financials/usar/fy2026-q2-balance-sheet
- Chart image: https://plicit.ai/charts/usar-fy2026-q2-balance-sheet-sankey.png

## Chart details

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.