Quick Answer
USA Rare Earth, Inc. reported R&D Expense of $15.88 million for fiscal year 2025.
USA Rare Earth, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $15.88M | +150.5% |
| 2024 | $6.34M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $4.45M | +283.0% | +72.7% |
| June 30, 2025 | $2.58M | +49.4% | +52.6% |
| March 31, 2025 | $1.69M | -17.6% | +45.4% |
| September 30, 2024 | $1.16M | — | -32.6% |
| June 30, 2024 | $1.73M | — | -15.9% |
| March 31, 2024 | $2.05M | — | — |
- USA Rare Earth, Inc. showed an increase of +150.5% in R&D Expense compared to the prior fiscal year.
- Over the 2024–2025 period, USA Rare Earth, Inc.’s r&d expense has grown by 150.5% (from $6.34 million to $15.88 million).
- The most recent figure is from USA Rare Earth, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 30, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: