USA Rare Earth, Inc. — Earnings Quality Grade C

USAR · Basic Materials

Some red flags

Revenue

$2M

2025

Net Income

-$298M

2025

Gross Margin

11.9%

Free Cash Flow

-$86M

Screening Summary

Passed

Watch

Failed

—

M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。

Financial Trends

Revenue & Net Income ($B)

Margins (%)

18-Point Screening

Revenue Quality

—

A1DSO Change

Insufficient data

—

A2AR vs Revenue Growth

Insufficient data

—

A3Revenue vs CFFO

Insufficient data

Expense Quality

—

B1Inventory vs COGS

Insufficient data

—

B2CapEx vs Revenue

Insufficient data

B3SG&A Ratio

SG&A/Gross Profit = 22120.5%, exceeds 70%

—

B4Gross Margin

Insufficient data

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 0.16. Below 1.0

C2Free Cash Flow

FCF is negative ($-0.1B)

✓

C3Accruals Ratio

Accruals ratio = -35.8%. Low accruals

✓

C4Cash vs Debt

Cash $0.4B covers debt $0.0B

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.2B = 41% of equity

D2Leverage

Interest coverage = -428.1x (<2x). Financial stress

—

D3Soft Asset Growth

Insufficient data

✓

D4Asset Impairment

Write-offs normal

Acquisition Risk

✗

E1Serial Acquirer FCF

FCF after acquisitions negative for 3 years

—

E2Goodwill Surge

Insufficient data

Manipulation Score

—

F1Beneish M-Score

Calculation error: float division by zero

持仓监控

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Altman Z-Score

1.15

Grey Zone

0 Distress1.102.605.0+ Safe

0.4999

Liquidity

-0.5574

Cumulative profit

-0.4296

Operating efficiency

2.4544

Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25