USAR
USA Rare Earth, Inc.

USA Rare Earth, Inc.USAR

Basic Materials · Other Industrial Metals & Mining
19.04USD
-1.50%
Sep 23, 2026
USAR overview ready
Integrated Western Mine-to-Magnet Platform Supporting U.S. Rare Earth Supply Security
USAR is building an integrated Western mine-to-magnet platform: it has commissioned an initial commercial sintered NdFeB magnet-production line in Stillwater, Oklahoma; operates rare-earth processing and recycling development work in Colorado; and is advancing the Round Top heavy-rare-earth and critical-minerals project in Texas.
Strong narrative exposure
Exposed to the Critical Minerals Supply Security narrative through Rare Earth Magnet Supply — bottleneck supplier.
Price trend is broken
Longer-term context reads new trend, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
Valuation not measured
Fundamentals under pressure
Ev / sales is weak.
Primary risk
High operating losses and negative margins.
Market Aug 10Filing Jun 30Price action Aug 9Research Aug 9

Conviction Level

NarrativeHeat7.5ThemeHeat7.7PriceAction6.3Valuation0.3CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of daily advance.
The tactical setup reads daily advance, but the weekly structure is broken.
EntryReset + recovery

The recent reset toward the daily SMA200 aligned with support at the weekly SMA50. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$4.7B
Avg Volume (60D)
12.1M
60 sessions
Gross Margin
-9.7%
Trailing twelve months
Operating Margin
-949.5%
Trailing twelve months
Free Cash Flow Yield
-6.1%
P/E
N/M
EV / Sales
237.8x
Market metrics as of Aug 10, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2024

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
USA Rare Earth, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
USAR is building an integrated Western mine-to-magnet platform: it has commissioned an initial commercial sintered NdFeB magnet-production line in Stillwater, Oklahoma; operates rare-earth processing and recycling development work in Colorado; and is advancing the Round Top heavy-rare-earth and critical-minerals project in Texas.
Opportunity
High opportunity
Government, defense, semiconductor, energy and industrial buyers are supporting non-China rare-earth extraction, separation, metal/alloy conversion and NdFeB permanent-magnet capacity to reduce strategic supply-chain dependence.
Key risk
High operating losses and negative margins.

Narrative & Theme

Critical Minerals Supply Security
Part of Rare Earth Magnet Supply, with strong fit.
USAR is a direct fit for domestic rare-earth magnet supply rather than a generic critical-minerals adjacency.
Narrative HeatHeating up7.5 / 10
Theme HeatHeating up7.7 / 10

Business & Markets

Basic Materials · Other Industrial Metals & Mining
What they do

USA Rare Earth, Inc. mines, processes, and supplies rare earth and critical minerals primarily from its Round Top Mountain project in Texas, serving customers in the US, Europe, and Asia.

How it earns

The company generates revenue through the sale of rare earth and critical mineral products to industrial customers.

Products & services
Neodymium
Dysprosium
Terbium
Yttrium
Gallium
Hafnium
Praseodymium
Samarium
Rare earth minerals
Customers & end markets
Aerospace
Defense
Semiconductors
Data centers
Energy
Mobility
Healthcare
Industrial sectors
Market position

Niche player focused on developing domestic rare earth mineral supply and magnet manufacturing capabilities.

Demand drivers
High cyclicality

Demand for rare earth minerals is closely tied to industrial and technology sector cycles and government policy on supply chain security.