MP Materials Corp. (MP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -1.91M | -46.85M | -42.05M | -3.65M | -63.2M | 30.48M | -6.84M | 30.84M | -41.13M | -13.78M | 11.02M | 9.97M | 55.49M | 29.09M | 94.56M | 98.89M | 120.97M | 31.51M | 22.5M | 38.63M |
| Operating CF Margin % | -1.44% | -45.18% | -78.52% | -6.37% | -103.93% | 49.97% | -10.88% | 98.67% | -84.48% | -33.45% | 20.99% | 15.57% | 57.98% | 31.2% | 75.98% | 68.88% | 72.76% | 31.79% | 22.55% | 52.84% |
| Operating CF Growth % | 96.98% | -253.74% | -514.38% | -111.85% | -53.67% | 321.15% | -162.1% | 209.41% | -174.11% | -147.37% | -88.34% | -89.92% | -54.13% | -7.66% | 320.35% | 155.97% | 1195.89% | 776.41% | 978.71% | 2689.41% |
| Net Income | -7.97M | 9.43M | -41.78M | -30.87M | -22.65M | -22.34M | -25.52M | -34.05M | 16.49M | -16.26M | -4.28M | 7.39M | 37.45M | 67.01M | 63.18M | 73.27M | 85.55M | 48.99M | 42.76M | 27.17M |
| Depreciation & Amortization | 41.37M | 3.23M | 22.87M | 42.16M | 0 | 0 | 18.88M | 18.96M | 18.39M | 18.86M | 13.66M | 7.22M | 8.12M | 7.69M | 2.1M | 5.83M | 5.26M | 4.62M | 6.95M | 6.67M |
| Stock-Based Compensation | 0 | 9.57M | 0 | 5.55M | 7.35M | 4.56M | 5.45M | 5.7M | 7.47M | 6.2M | 6.3M | 5.73M | 7.01M | 6.76M | 7.81M | 7.44M | 9.77M | 8.21M | 4.55M | 4.5M |
| Deferred Taxes | -5.18M | -904K | -11.55M | -13.38M | -4.56M | -11.54M | -9.29M | -14.1M | 7.14M | -4.7M | -200K | 5.98M | 7.38M | -24.32M | 20.45M | 18.63M | 23.48M | 17.43M | 182K | -1.42M |
| Other Non-Cash Items | -3.03M | 10.44M | 4.11M | -21.53M | 12.96M | 19.25M | 10.1M | 4.82M | -47.58M | -5.41M | 1.11M | 1.11M | -7.74M | 35.21M | -22.07M | -127K | -34.98M | -30.45M | -13.26M | -8.81M |
| Working Capital Changes | -27.1M | -78.61M | -15.7M | 14.41M | -56.3M | 40.55M | -6.48M | 49.51M | -43.03M | -12.46M | -5.57M | -17.47M | 3.27M | -63.25M | 23.09M | -6.14M | 31.88M | -17.28M | -18.69M | 10.54M |
| Change in Receivables | 15.37M | -94.46M | 1.85M | 43.38M | -57.21M | -39.12M | -1.25M | 9.92M | -13.19M | -14.22M | -2.07M | 10.14M | 11.61M | -16.84M | 16.73M | 89K | 13.9M | -13.91M | -28.92M | 5.75M |
| Change in Inventory | -8.85M | -30.95M | -31.63M | -21.34M | -31.1M | 1.31M | -1.31M | -20.6M | -20.94M | -21.6M | -14.09M | -6.38M | -5.02M | -1.93M | -18.83M | -2.63M | -927K | -4.57M | 1.38M | -2.21M |
| Change in Payables | -2.83M | 2.33M | 5.86M | 2.99M | -1.79M | 2.63M | 5.56M | 771K | -7.63M | 2.7M | 8.35M | 3.84M | -3.59M | 3.23M | 4.21M | 1.7M | -7.18M | 1.23M | 5.69M | 3.06M |
| Cash from Investing | -259.81M | 73.03M | -333.05M | 69.68M | -15.7M | -21.64M | 20.73M | -29.74M | 40.71M | -269.13M | -390.28M | 265.93M | 462.19M | -315.24M | -325.08M | -666.85M | -49.8M | -35.68M | -39.11M | -25.39M |
| Capital Expenditures | -77.38M | -62.41M | -50.5M | -29.01M | -30.47M | -41.65M | -46.44M | -46.49M | -51.84M | -72.97M | -58.69M | -55.77M | -74.46M | -112.26M | -91.75M | -67.65M | -54.93M | -37.45M | -41.73M | -25.39M |
| CapEx % of Revenue | 58.21% | 60.18% | 94.29% | 50.54% | 50.1% | 68.29% | 73.8% | 148.72% | 106.48% | 177.09% | 111.76% | 87.11% | 77.81% | 120.4% | 73.73% | 47.12% | 33.04% | 37.79% | 41.83% | 34.73% |
| Acquisitions | 0 | 1.67M | 0 | 0 | 1.67M | 0 | 0 | 0 | 0 | 18K | 0 | 0 | -536.65M | 852.46M | -525.87M | 0 | 5.13M | -2.62M | 2.62M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -1.67M | 12M | 24.27M | 0 | 0 | 0 | 0 | 96K | 1.75M | 1.05M | 0 | 536.65M | -852.46M | 525.87M | 0 | 0 | 4.38M | 0 | 0 |
| Cash from Financing | -18.55M | -7.3M | 1.26B | -2.73M | -5M | -10.83M | -25.33M | -1.55M | 32.92M | -1.34M | -978K | -777K | -6.82M | -4.76M | -651K | -873K | -17.91M | -3.5M | -880K | -1.3M |
| Debt Issued (Net) | -912K | -1.91M | -1.15M | -2.5M | -1.36M | -794K | -541K | -1.38M | 318.09M | -631K | -634K | -621K | -846K | -695K | -651K | -671K | -3.82M | -728K | -717K | -714K |
| Equity Issued (Net) | 0 | 0 | -1.65M | -235K | -3.64M | -5.54M | -24.3M | -175K | -200.76M | -709K | -344K | -156K | -5.98M | -4.06M | 0 | -202K | -14.09M | -2.77M | -36K | -193K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -1.65M | -235K | -3.64M | -5.54M | -24.3M | -175K | -200.76M | -709K | -344K | -156K | -5.98M | -4.06M | 0 | -202K | -14.09M | -2.77M | -36K | -193K |
| Other Financing | -17.63M | -5.39M | 1.26B | 0 | 0 | -4.5M | -484K | 0 | -84.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6K | -127K | -396K |
| Net Change in Cash | -280.54M | 18.87M | 885.5M | 63.3M | -83.91M | -1.99M | -11.45M | -469K | 32.52M | -284.25M | -380.24M | 275.12M | 510.86M | -290.9M | -231.17M | -568.83M | 53.26M | -7.68M | -17.5M | 11.94M |
| Free Cash Flow | -79.28M | -109.26M | -92.54M | -32.66M | -93.67M | -11.17M | -53.29M | -15.65M | -92.96M | -86.75M | -47.67M | -45.81M | -18.97M | -83.17M | 2.81M | 31.24M | 66.04M | -5.94M | -19.23M | 13.24M |
| FCF Margin % | -59.65% | -105.36% | -172.81% | -56.91% | -154.03% | -18.32% | -84.68% | -50.05% | -190.95% | -210.54% | -90.77% | -71.55% | -19.82% | -89.19% | 2.26% | 21.76% | 39.72% | -6% | -19.28% | 18.11% |
| FCF Growth % | 15.35% | -877.89% | -73.67% | -108.75% | -0.75% | 87.12% | -11.78% | 65.84% | -390.03% | -4.31% | -1797.05% | -246.63% | -128.73% | -1299.43% | 114.6% | 135.93% | 762.84% | 34.55% | -158.97% | 332.22% |
| FCF per Share | -0.40 | -0.55 | -0.53 | -0.20 | -0.57 | -0.07 | -0.32 | -0.09 | -0.50 | -0.49 | -0.27 | -0.26 | -0.10 | -0.43 | 0.01 | 0.16 | 0.34 | -0.03 | -0.10 | 0.07 |
| FCF Conversion (FCF/Net Income) | 0.24x | -4.97x | 1.01x | 0.12x | 2.79x | -1.36x | 0.27x | -0.91x | -2.49x | 0.85x | -2.58x | 1.35x | 1.48x | 0.43x | 1.50x | 1.35x | 1.41x | 0.64x | 0.53x | 1.42x |
| Interest Paid | 0 | 0 | 0 | 0 | 13M | 331K | 0 | 0 | 0 | 943K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 135K | 870K | 0 | 0 | 0 | -3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |