Live: USA Rare Earth Reports Q1 Results Tonight - Can the Stock Extend Its Triple-Digit Rally?

"Investors are watching USA Rare Earth ( NASDAQ:USAR) ahead of its Q1 2026 results, due today, May 13, a little after 4:00 PM EST. The integrated rare earth platform has transformed since its last report, and this earnings report is the first real look at the new operating shape."

"Q4 2025 delivered first-ever revenue of $1.64 million from the Less Common Metals acquisition closed in November 2025, with an EPS loss of $0.19 and a GAAP net loss of $50.2 million. Cash jumped from $16.76 million a year earlier to $359.9 million at year-end, then to roughly $1.75 billion after the $1.5 billion PIPE closed in January."

"I'll be watching four things closely. First, the status of the $1.6 billion Department of Commerce funding agreement, with definitive documentation targeted for April 2026. Any slippage matters, especially given the congressional review of the $1.58 billion Commerce investment reported in March."

"Second, Stillwater. Phase 1a is live, and management has guided to NdFeB magnet order fulfillment beginning in Q2 2026, ramping to a 600 MTPA run-rate by Q4 2026. Investors will look for confirmation of customer shipment timing and any conversion of the 12 signed MOUs and 70-plus active engagements into firm contracts."

USA Rare Earth is preparing to report Q1 2026 results on May 13 after 4:00 PM EST. The company’s operating profile has changed since the prior quarter, including first revenue from the Less Common Metals acquisition and a large increase in cash after a $1.5 billion PIPE. Since then, Stillwater Phase 1a has been commissioned, full ownership of Texas Mineral Resources has been achieved, first commercial yttrium production has occurred at LCM, and a $2.8 billion acquisition of Serra Verde in Brazil has been announced. Investors are focused on the status of a $1.6 billion Department of Commerce funding agreement, timing and ramp of NdFeB magnet order fulfillment starting in Q2 2026, and the cash burn trajectory versus available funding.

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