USA Rare Earth Reports Second Quarter 2026 Financial Results
USA Rare Earth reported Q2 2026 revenue of $5.8 million and ended the quarter with a cash balance of $1.53 billion, bolstered by recent capital raises. The company executed definitive agreements for up to $1.6 billion in U.S. Department of Commerce funding and announced a definitive agreement to acquire Serra Verde Group for $2.8 billion, while CEO Barbara Humpton announced her retirement effective October 1, 2026, to be succeeded by Thras Moraitis.
Key figures
- Revenue
- 5800000
- Doe funding
- $19.3 million
- Net loss q2
- $10.3 million
- Texas grant
- $14.2 million
- Cash balance
- $1.53 billion
- France investment
- €175 million
- Serra verde deal value
- $2.8 billion
- Chips act funding total
- $1.6 billion
- Chips act loan capacity
- $1.3 billion
- Chips act federal funding
- $277 million
AI analysis
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