USA Rare Earth, Inc.

Metal Mining

USAR Mining & Metals People in Mining & Metals SEC CIK 0001970622 ↗

Computed from SEC EDGAR filings and closing prices — not copied from any wealth ranking. Dataset . How we calculate this.

Market capitalisation
$3.81B
Covers every share class this company has on file.
Insiders on file
2
people who have filed Form 3, 4 or 5 naming this issuer
Value of insider-held stock
Not available
from the holdings reported on Forms 3/4/5; this figure has no separate as-of date on file
Insider-held share of market cap
Not available
insider-held value divided by market capitalisation

What USA Rare Earth, Inc. reports

Revenue and net income below are for fiscal period FY2025, the period label carried by this company’s own annual XBRL filings to the SEC. Fiscal years do not line up between companies — one company’s FY2026 can cover much the same months as another’s FY2025 — so compare the periods, not just the numbers.

Revenue
$1.64M
FY2025 annual revenue, from this company’s own annual XBRL filings to the SEC
Net income
-$297.56M
FY2025 a loss for the period, from this company’s own annual XBRL filings to the SEC
Employees
132
Yahoo Finance
Where the employee count comes from

Headcount comes from Yahoo Finance, not from a filing. The date beside it is the day we retrieved the figure — it is not the date the company counted its staff, and Yahoo does not publish that date. Unlike the SEC filings behind the other figures on this page, this one carries no open licence, so we publish the number and nothing else from that source.

Insiders at USA Rare Earth, Inc.

Shares is what each person last reported holding here.

Everyone below has filed at least one insider report against this company.

Value is that share count priced at the same closing price used everywhere else on this site. A row priced from only some of a person’s securities says so — we do not quietly present a partial sum as a complete one.

Rows are grouped by the role each person reports.

The role comes from the relationship boxes a person ticks on their own insider filings — officer, director, ten per cent owner — not from anything we infer. Somebody who is both an officer and a director appears once, in the combined group, so the row count still matches the figure at the top of this page. Where no filing states a role we say so instead of guessing one.

People who file insider reports against USA Rare Earth, Inc..
Insider Reported role Shares Value Last action
Officers who also sit on the board 1
Michael Blitzer CEO 10,172,500 Not available M Option exercise or conversion May 20, 2026 position reported
Directors 1
Thomas Caulfield Board Member 52,500 Not available A Grant or award Jul 7, 2026 position reported

Events from filings

Detected automatically in the filings linked below. Each headline is built from the numbers in those filings, not written by a model. Newest first; events older than 45 days stay listed and are marked as older.

USA Rare Earth, Inc. (USAR) filed a Form 8-K under Item 5.02 (directors and officers) on Sep 4, 2026

Director or officer change filing

The company filed a current report that includes Item 5.02, the item used to report departures, elections or appointments of directors and certain officers, and related pay arrangements. We record only that this filing exists: we have not extracted who left, who joined or whose role changed. Open the filing to read it.

Form 8-K filed Sep 4, 2026, items 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 8.01, 9.01. SEC filing ↗

Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.

Recent insider transactions

Of the 12 rows we hold, 1 are open-market purchases (P) and 1 open-market sales (S) — the only codes we count as buying or selling.

The rest — awards, shares withheld to pay tax, option exercises, gifts and so on — follow from an employment contract or a transfer arranged off-market, not from a decision to buy or sell, so counting them would turn this into a pay table.

A price of 0.00 is a real reported figure on gifts (G) and share awards (A) — not a gap in our data.

Insider transactions disclosed to the SEC for USA Rare Earth, Inc., newest first, each with the filing behind it.
Date Insider Transaction Shares Price Value Filing
Jul 7, 2026 Thomas Caulfield A Grant or award 271 $0.00 $0 SEC filing ↗
Jun 3, 2026 Thomas Caulfield M Option exercise or conversion 2,548 $0.00 $0 SEC filing ↗
Jun 3, 2026 Thomas Caulfield A Grant or award 407 $0.00 $0 SEC filing ↗
May 20, 2026 Michael Blitzer M Option exercise or conversion 18,199 $0.00 $0 SEC filing ↗
May 20, 2026 Michael Blitzer M Option exercise or conversion 12,284 $0.00 $0 SEC filing ↗
Jan 29, 2026 Michael Blitzer P Open-market purchase 100,000 $21.44 $2.14M SEC filing ↗
Jan 1, 2026 Michael Blitzer J Other acquisition or disposition 562,500 $0.00 $0 SEC filing ↗
Sep 15, 2025 Michael Blitzer J Other acquisition or disposition 3,125,000 $0.00 $0 SEC filing ↗
Aug 13, 2025 Michael Blitzer S Open-market sale 2,091,849 $15.75 $32.95M SEC filing ↗
Aug 13, 2025 Michael Blitzer M Option exercise or conversion 2,091,849 $0.00 $0 SEC filing ↗
Mar 12, 2025 Michael Blitzer M Option exercise or conversion 50,000 $0.00 $0 SEC filing ↗
Nov 18, 2024 Michael Blitzer M Option exercise or conversion 6,200,000 $0.00 $0 SEC filing ↗

From SEC Form 4 filings. Every row links to the filing it came from. How we calculate this.

What a Form 4 is

The report an officer, director or large shareholder must file after trading their own company’s stock.

Corporate ownership links — 10 filers hold a position

Who owns USA Rare Earth, Inc.

Each row is one filer naming this company.

Funds, trusts and other companies file the same ownership forms that executives do. Everything below is taken from those filings, with the position exactly as the filing states it.

Do not add these figures together. 9 of the positions below were reported on filings shared by several filers at once.

Why the same shares appear twice

On a joint filing every named filer is listed against the whole position, so the same block of stock appears under each name. Those rows are marked joint.

Filers holding a position in USA Rare Earth, Inc.

Funds, trusts and companies that disclose an ownership position in USA Rare Earth, Inc..
Owner Reported role Shares Filed
Critical Minerals Trust TenPercentOwner 13,671,026
Inflection Point Holdings II LLC Other,TenPercentOwner 9,325,000 joint
Bayshore Capital Advisors, LLC TenPercentOwner 1,994,537 joint
Bayshore Rare Earths II, LLC TenPercentOwner 1,994,537 joint
Harraden Circle Investments, LLC TenPercentOwner 892,825 joint
Harraden Circle Investors GP, LLC TenPercentOwner 892,825 joint
Harraden Circle Investors GP, LP TenPercentOwner 892,825 joint
Harraden Circle Investors, LP TenPercentOwner 892,825 joint
Harraden Circle Special Opportunities, LP TenPercentOwner 892,825 joint
Harraden Circle Strategic Investments, LP TenPercentOwner 892,825 joint

See the full ownership map — every entity that files as an owner of a US public company.

Subsidiaries — 12 legal entities

Subsidiaries of USA Rare Earth, Inc.

12 legal entities named in the subsidiary exhibit filed with this company’s most recent 10-K. . Filing on SEC.gov.

This is not the full list. SEC rules only require a company to name its significant subsidiaries.

What that leaves out

Smaller entities are left out of the exhibit entirely. A short list here means a short exhibit — it does not mean the company owns nothing else. Nothing on this page is inferred: every name below is copied from the filing.

Subsidiaries USA Rare Earth, Inc. names in its most recent annual report, with the place each one is organised.
Subsidiary Organised in
Indian Ocean Rare Metals Pte Ltd Singapore
Laconia Acquisition Sub Limited England and Wales
Laconia Intermediate Acquisition Sub, Inc. Delaware
LCMG Limited United Kingdom
Less Common Metals Europe SAS France
Less Common Metals LTD United Kingdom
Round Top Mountain Development, LLC Delaware
USA Rare Earth Magnets, LLC Delaware
USA Rare Earth Management Co, LLC Florida
USA Rare Earth Real Estate, LLC Oklahoma
USA Rare Earth Services, LLC Florida
USA Rare Earth, LLC Delaware
What counts as a subsidiary

A subsidiary is a separate legal entity this company controls; it is not the same thing as a brand, a division or an office. These entities do not file with the SEC in their own right, so there is no separate page to open for them.

Think a number here is wrong? Open the linked filing and compare — how to report it.

Sources and technical notes

Every figure on this page comes from filings to the U.S. SEC via EDGAR. Nothing here is estimated, and nothing is taken from press coverage or company websites.