USA Rare Earth Valuation Multiples

USA Rare Earth Overview

About USA Rare Earth

USA Rare Earth Inc is a vertically integrated, domestic rare earth magnet supply chain that supports the state of energy, mobility, and national security in the United States. USARE is developing an NdFeB magnet manufacturing plant in the United States, and establishing domestic rare earth and critical minerals supply, extraction, and processing capabilities to both supply its manufacturing plant and market surplus materials to third parties. Rare earth magnets are critical to various business sectors and industries, including the defense, automotive, aviation, industrial, medical and consumer electronics industries.

Founded

2023

HQ

Employees

29

Website

usare.com

Sectors

Advanced MaterialsDeepTech

Financials (LTM)

Revenue: $15M

EBITDA: $46M

EV

$4B

Valuation Multiples

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USA Rare Earth Financials

USA Rare Earth reported last 12-month revenue of $15M and EBITDA of $46M.

In the same LTM period, USA Rare Earth generated $2M in gross profit, $46M in EBITDA, and had net loss of ($234M).

USA Rare Earth P&L

In the most recent fiscal year, USA Rare Earth reported revenue of $2M and EBITDA of $83M.

USA Rare Earth expects next 12-month revenue of XXX and NTM EBITDA of XXX

USA Rare Earth Stock Performance

USA Rare Earth has current market cap of $4B, and enterprise value of $4B.

USA Rare Earth's stock price is $19.10.

USA Rare Earth Valuation Multiples

USA Rare Earth trades at 254.2x EV/Revenue multiple, and 85.3x EV/EBITDA.

USA Rare Earth Financial Valuation Multiples

As of April 8, 2026, USA Rare Earth has market cap of $4B and EV of $4B.

Equity research analysts estimate USA Rare Earth's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

USA Rare Earth has a P/E ratio of (17.8x).

USA Rare Earth Margins & Growth Rates

USA Rare Earth's revenue in the last 12 month grew by 649%.

USA Rare Earth's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $2.1M for the same period.

USA Rare Earth's rule of 40 is 3007% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

USA Rare Earth's rule of X is 7675% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

USA Rare Earth Public Comps

See public comps and valuation multiples for other Advanced Materials comps.

USA Rare Earth M&A Activity

USA Rare Earth acquired XXX companies to date.

Last acquisition by USA Rare Earth was on XXXXXXXX, XXXXX. USA Rare Earth acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

USA Rare Earth Investment Activity

USA Rare Earth invested in XXX companies to date.

USA Rare Earth made its latest investment on XXXXXXXX, XXXXX. USA Rare Earth invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).