{"data":{"ticker":"MP","slug":"mp-materials","name":"MP Materials","exchange":"NYSE","sector":"Basic Materials","headquarters":"Las Vegas, Nevada","ceo":"James Henry Litinsky","employees":998,"website":"https://mpmaterials.com","founded":"2017","layers":[{"slug":"raw-materials","name":"Raw Materials & Mining"}],"exposure":{"score":35,"tier":"Growing","rationale":"MP Materials mines and refines rare earths at Mountain Pass and manufactures magnets used in servers, robotics, EVs, and defense, with DoD and Apple offtakes. Robotics and data center demand is a growing pillar, but EV and defense markets still dominate volumes."},"quote":{"price":35.41,"change24hPct":4.95,"change7dPct":-10.51,"change30dPct":-23.26,"change1yPct":-39.57,"high52w":72.65,"low52w":33.74,"marketCap":6306576896,"peRatio":null,"eps":-0.33,"volume24h":308883483},"nextEarningsDate":"2026-11-05","summary":"MP Materials operates the only mine-to-magnet rare earth supply chain in the United States. It mines and refines rare earth elements at Mountain Pass and manufactures the high-strength magnets used in servers, robotics, EVs, and defense systems.","explainer":["MP Materials operates the only mine-to-magnet rare earth supply chain in the United States. It mines and refines rare earth elements at Mountain Pass and manufactures the high-strength magnets used in servers, robotics, EVs, and defense systems.","Its output centers on NdPr production, the key rare earth inputs for permanent magnets, and finished rare earth magnets. Offtake agreements with the US Department of Defense and Apple anchor demand for that magnet capacity, giving the business committed buyers as it scales.","Founded in 2017 and headquartered in Las Vegas, Nevada, MP Materials trades on the NYSE and employs about 1,000 people under CEO James Litinsky."],"buildoutRole":"MP Materials sits in the Raw Materials & Mining layer of the buildout. Rare earth magnets go into the servers and robotics that the AI economy runs on, and MP is the only US company producing them from mine to finished magnet. Data center and robotics demand is a growing pillar, backed by DoD and Apple offtakes, but EV and defense markets still dominate volumes. Supercycle scores it 35 out of 100.","faq":[{"q":"What does MP Materials do?","a":"MP Materials mines and refines rare earths at Mountain Pass and manufactures rare earth magnets, operating the only complete mine-to-magnet supply chain in the United States."},{"q":"How is MP Materials exposed to AI?","a":"Through materials demand. Its magnets go into servers and robotics, a growing pillar of its business, though EV and defense markets still dominate volumes. Supercycle scores it 35 out of 100."},{"q":"Who buys from MP Materials?","a":"The US Department of Defense and Apple both hold offtake agreements for its magnet output, alongside demand from server, robotics, EV, and defense markets."},{"q":"Where is MP Materials headquartered and who leads it?","a":"MP Materials is headquartered in Las Vegas, Nevada, was founded in 2017, and is led by CEO James Litinsky. It employs about 1,000 people and trades on the NYSE."},{"q":"Is MP a pure play AI stock?","a":"No. It is a rare earth producer whose magnets feed AI-adjacent markets like servers and robotics alongside EVs and defense. Its score of 35 out of 100 reflects that mixed demand."}],"history1y":[{"date":"2026-09-28","close":46.45},{"date":"2026-09-29","close":45.43},{"date":"2026-09-30","close":47.29},{"date":"2026-10-01","close":46.09},{"date":"2026-10-02","close":46.97},{"date":"2026-10-05","close":46.84},{"date":"2026-10-06","close":48.53},{"date":"2026-10-07","close":46.31},{"date":"2026-10-08","close":46.14},{"date":"2026-10-09","close":46.14},{"date":"2026-10-12","close":43.36},{"date":"2026-10-13","close":42.43},{"date":"2026-10-14","close":39.95},{"date":"2026-10-15","close":41.61},{"date":"2026-10-16","close":40.17},{"date":"2026-10-19","close":38.95},{"date":"2026-10-20","close":39.05},{"date":"2026-10-21","close":39.5},{"date":"2026-10-22","close":38.56},{"date":"2026-10-23","close":38.3},{"date":"2026-10-26","close":37.47},{"date":"2026-10-27","close":40.87},{"date":"2026-10-28","close":41.06},{"date":"2026-10-29","close":41.64},{"date":"2026-10-30","close":39.57},{"date":"2026-11-02","close":38.35},{"date":"2026-11-03","close":37.83},{"date":"2026-11-04","close":35.91},{"date":"2026-11-05","close":33.74},{"date":"2026-11-06","close":35.41}],"incomeStatements":[{"ticker":"MP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":224441000,"cost_of_revenue":282056000,"gross_profit":-57615000,"operating_expense":0,"operating_income":-145088000,"net_income":-85874000,"earnings_per_share":-0.5,"earnings_per_share_diluted":-0.5,"research_and_development":24208000,"selling_general_and_administrative_expenses":112066000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":203855000,"cost_of_revenue":270643000,"gross_profit":-66788000,"operating_expense":0,"operating_income":-163742000,"net_income":-65424000,"earnings_per_share":-0.57,"earnings_per_share_diluted":-0.57,"research_and_development":9307000,"selling_general_and_administrative_expenses":83299000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":253445000,"cost_of_revenue":148423000,"gross_profit":105022000,"operating_expense":0,"operating_income":3611000,"net_income":24307000,"earnings_per_share":0.14,"earnings_per_share_diluted":0.14,"research_and_development":14932000,"selling_general_and_administrative_expenses":79245000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":527510000,"cost_of_revenue":110574000,"gross_profit":416936000,"operating_expense":0,"operating_income":334962000,"net_income":289004000,"earnings_per_share":1.52,"earnings_per_share_diluted":1.52,"research_and_development":4249000,"selling_general_and_administrative_expenses":75857000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"MP","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":3864160000,"current_assets":2165801000,"cash_and_equivalents":1166011000,"total_liabilities":1885403000,"current_liabilities":299049000,"total_debt":1007170000,"shareholders_equity":1978757000,"retained_earnings":234428000},{"ticker":"MP","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":2333558000,"current_assets":1031322000,"cash_and_equivalents":282442000,"total_liabilities":1278678000,"current_liabilities":164019000,"total_debt":914527000,"shareholders_equity":1054880000,"retained_earnings":320302000},{"ticker":"MP","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":2336452000,"current_assets":1131177000,"cash_and_equivalents":263351000,"total_liabilities":970673000,"current_liabilities":108550000,"total_debt":688809000,"shareholders_equity":1365779000,"retained_earnings":385726000},{"ticker":"MP","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":2237787000,"current_assets":1293828000,"cash_and_equivalents":136627000,"total_liabilities":925153000,"current_liabilities":97481000,"total_debt":678459000,"shareholders_equity":1312634000,"retained_earnings":361419000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":24997823,"portfolioPct":0.0010255060002857645,"change":"increased","period":"2026-06-30"}],"news":[{"title":"MP Materials Shares Rise as Revenue Jumps 176%","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mp-materials-shares-rise-revenue-160808547.html?.tsrc=rss","date":"2026-11-06"},{"title":"MP Materials Rare-Earth Earnings Were Rock Solid. What’s Up With the Stock?","source":null,"url":"https://finance.yahoo.com/m/d99738df-4643-391c-9cfe-172b13aad1d1/mp-materials-rare-earth.html?.tsrc=rss","date":"2026-11-06"},{"title":"Here's What $5,000 in USA Rare Earth Could Be Worth by 2030 If It Reaches MP Materials' Market Cap","source":null,"url":"https://www.fool.com/investing/2026/11/06/what-5k-usa-rare-earth-worth-mp-materials-stock/?.tsrc=rss","date":"2026-11-06"},{"title":"MP Materials (MP) Q3 2026 Earnings Call Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/06/mp-materials-mp-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-06"},{"title":"MP Materials Corp (MP) (Q3 2026) Earnings Call Highlights: Rare Earth Output Surges 41% as ...","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mp-materials-corp-mp-q3-052120355.html?.tsrc=rss","date":"2026-11-06"},{"title":"MP Materials Corp. (MP) Tops Q3 Earnings and Revenue Estimates","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mp-materials-corp-mp-tops-000008633.html?.tsrc=rss","date":"2026-11-06"},{"title":"MP Materials Reports Third Quarter 2026 Results","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mp-materials-reports-third-quarter-210500048.html?.tsrc=rss","date":"2026-11-05"},{"title":"Why Rare Earth Stock MP Materials Dropped 11.9% in October","source":null,"url":"https://www.fool.com/investing/2026/11/05/why-rare-earth-stock-mp-materials-dropped-11-9-in-october/?.tsrc=rss","date":"2026-11-05"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.668Z","tier":"free","source":"https://supercyclehq.com/stock/mp-materials","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/MP","html":"https://supercyclehq.com/stock/mp-materials","md":"https://supercyclehq.com/stock/mp-materials.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}