USA Rare Earth, Inc.

NasdaqGM:USAR Stock Report

Market Cap: US$3.8b

USA Rare Earth Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Barbara Humpton

Chief executive officer

US$12.2m

Total compensation

CEO salary percentage1.37%
CEO tenureless than a year
CEO ownershipn/a
Management average tenureless than a year
Board average tenure1.2yrs

Recent management updates

Recent updates

Narrative Update • Sep 03

USAR: Federal Backing For Serra Verde Will Drive Mine To Magnet Chain

Analysts now frame USA Rare Earth with a revised $21 price target, down from $30, reflecting updated fair value work and recent Street research that highlights both the company's unique mine to magnet positioning outside Asia as well as the expected benefits from new leadership and the integration of Serra Verde. Analyst Commentary Recent Street research on USA Rare Earth shows a mix of optimism about the company’s mine to magnet model and a more cautious tone around execution and valuation.
Seeking Alpha • Sep 01

USA Rare Earth: Progress Over Perfection

Summary USA Rare Earth is rapidly scaling a vertically integrated rare earths business, yet the market remains skeptical of its long-term profitability. The recent quarterly results weren't impressive, but the numbers aren't relevant; focus on operational milestones, customer pipeline, and magnet production ramp at Stillwater and future expansions. USAR's valuation appears compelling, targeting $1.85B adjusted EBITDA by 2030 and ~80% free cash flow conversion, with debt expected to be generally covered by 2030. The stock is cheap at about 3.5x adjusted EBITDA targets with dips down to the $15 range—great buying opportunities. Read the full article on Seeking Alpha
Narrative Update • Aug 16

USAR: CHIPS Funding And Serra Verde Deal Will Drive Integrated Supply Chain

Analysts have trimmed their fair value estimate for USA Rare Earth from about $38.60 to roughly $37.38, reflecting lower modeled revenue growth and profit margins, along with a higher discount rate, even as they point to new leadership and long term funding agreements as support for the company’s next phase. Analyst Commentary Recent research shows a mixed but generally constructive tone around USA Rare Earth, with analysts focusing on the balance between fresh funding support, leadership changes and the execution risk that comes with the next build out phase.
Narrative Update • Jul 21

USAR: CHIPS Funding And New Leadership Will Drive Mine To Magnet Chain

Analysts now see fair value for USA Rare Earth at $30, down from $32. The change reflects updated sector valuation inputs along with continued confidence that new leadership and recently secured funding support the company’s mine to magnet build out.
Narrative Update • Jun 26

USAR: CHIPS Funding And Magnet Buildout Will Drive Future Mine To Magnet Chain

USA Rare Earth's analyst price target has edged slightly lower, with a fair value move from $33.00 to $32.00, as analysts factor in updated assumptions around discount rates, revenue growth, profit margins and a very high implied future P/E, while also highlighting new Department of Commerce funding agreements and broader support for the mine to magnet supply chain buildout. Analyst Commentary Recent Street research around USA Rare Earth shows a mix of optimism on the long term mine to magnet opportunity and caution around execution, funding deployment, and how to justify current valuation targets.
Analysis Article • Jun 19

USA Rare Earth (USAR) Stock Price Jumps on DOE Funding but Is Valuation Still Hard to Justify?

USA Rare Earth (USAR) has drawn fresh attention after recent trading showed sharp short term gains, with the stock up 8.3% in a day and 15.8% over the past week. See our latest analysis for USA Rare Earth. The latest moves come on top of a strong run for USA Rare Earth, with a 30 day share price return of 10.69%, a 90 day share price return of 32.23%, and a year to date share price return of 66.43%. The 1 year total shareholder return of 85.87% suggests momentum has been building rather than...
New Narrative • May 21

USAR Secures $19.3M Boost to Develop an Independent Rare Earth Supply Chain

USA Rare Earth (USAR) is trading higher in early Thursday action, up $1.13 per share , after announcing it has been selected by the U.S. Department of Energy to receive up to $19.3M in federal funding , pending final negotiations. The award comes through the DOE’s Critical Materials Innovation, Efficiency and Alternatives program and is aimed at advancing a pilot‑scale rare earth element (REE) separations project within the United States.
New Narrative • Apr 03

Magnet Capacity Expansion And Heavy Rare Earth Supply Will Reshape Long Term Ex China Chain

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth mining, processing, metals and magnet manufacturing platform focused on ex China supply for the U.S. and allies. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 20

Heavy Rare Earth Supply Risks Will Test Magnet Ramp Before Long Term Potential Emerges

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth mining, processing, metals, and magnet manufacturing platform focused on ex China supply for U.S. and allied customers. What are the underlying business or industry changes driving this perspective?
New Narrative • Mar 05

Magnet Capacity Ramp And Vertical Integration Will Reshape Long Term Rare Earth Supply Chains

Catalysts About USA Rare Earth USA Rare Earth is building an integrated rare earth supply chain, from mining and processing to metal, alloy and magnet manufacturing, focused on ex China customers. What are the underlying business or industry changes driving this perspective?

CEO Compensation Analysis

How has Barbara Humpton's remuneration changed compared to USA Rare Earth's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$311m

Mar 31 2026n/an/a

-US$440m

Dec 31 2025US$12mUS$167k

-US$325m

Compensation vs Market: Barbara's total compensation ($USD12.21M) is above average for companies of similar size in the US market ($USD7.07M).

Compensation vs Earnings: Insufficient data to compare Barbara's compensation with company performance.

CEO

Barbara Humpton (65 yo)

less than a year
Tenure
US$12,206,578
Compensation

Ms. Barbara W. Humpton is CEO & Director of USA Rare Earth, Inc. from October 1, 2025. Ms. Humpton was President of Siemens USA of Siemens Corporation until October 1, 2025. Ms. Humpton was an Independent...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Blitzer
Executive Chairman1.5yrsUS$702.77k0.36%
$ 13.5m
Barbara Humpton
CEO & Directorless than a yearUS$12.21mno data
William Steele
Chief Financial Officer1.5yrsUS$4.92m0.017%
$ 646.7k
David Kronenfeld
Consultantless than a yearUS$2.24m0.050%
$ 1.9m
Thrasyvoulos Moraitis
President & Directorno datano datano data
Patricia Ost
Vice President of Business Operations & Strategyno datano datano data
Christopher Boling
Corporate Controller & Principal Accounting Officer1.5yrsno datano data
John Lowe
VP & Head of Investor Relationsno datano datano data
Valerie Jacob
Chief Legal Officer & Corporate Secretaryless than a yearno datano data
Ronan Fogarty
Vice President of Salesno datano datano data
Victoria Sprenger
Head of People & Cultureno datano datano data
Matt Westbrook
Head of Government Operationsno datano datano data
0.5yrs
Average Tenure
58yo
Average Age

Experienced Management: USAR's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Blitzer
Executive Chairman1.5yrsUS$702.77k0.36%
$ 13.5m
Barbara Humpton
CEO & Directorless than a yearUS$12.21mno data
Thrasyvoulos Moraitis
President & Directorno datano datano data
Michael Davis
Directorno datano datano data
Otto Schwethelm
Independent Director1.5yrsUS$680.81k0.012%
$ 469.6k
Thomas Caulfield
Independent Directorless than a yearno data0.023%
$ 854.0k
Michael Senft
Lead Independent Director1.5yrsUS$674.82k0.012%
$ 469.6k
Carolyn Trabuco
Independent Director1.5yrsUS$678.81k0.0077%
$ 289.4k
1.2yrs
Average Tenure
66yo
Average Age

Experienced Board: USAR's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 23:31
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

USA Rare Earth, Inc. is covered by 9 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George GianarikasCanaccord Genuity
Derek SoderbergCantor Fitzgerald & Co.
Laurence AlexanderJefferies LLC