MP (MP Materials) Research & Development: $25.6 Mil (TTM As of Mar. 2026)


MP MP Materials Corp MP
68 GF Score
Price $55.62
GF Value $32.08
Valuation Significantly Overvalued
! 2 Warning Signs
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What is MP Materials Research & Development?

MP Materials MP -1.57% 68 Research & Development is $25.6 Mil as of Mar. 2026. GuruFocus rates MP with a GF Score™ of 68/100 and a GF Value™ of $32.08 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. MP Materials's Research & Development for the three months ended in Mar. 2026 was $1.9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $25.6 Mil.

MP Materials  (NYSE:MP) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

MP Materials Research & Development Related Terms

MP Materials Research & Development Historical Data

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The historical data trend for MP Materials's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MP Materials Research & Development Chart

MP Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 4.20 4.25 14.93 9.31 24.21

MP Materials Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 2.50 19.03 2.21 1.91
MP
68GF Score
MP Materials Corp MP
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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MP Materials Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $25.6 Mil mean?
MP Materials (MP) has a Research & Development of $25.6 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on MP Materials and its competitors.
Is MP Materials' Research & Development too high?
MP Materials' current Research & Development is $25.6 Mil. Overall, MP Materials has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MP Materials' Research & Development compare to USAR and MTRN?
MP Materials' Research & Development of $25.6 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Metals & Mining company?
A good Research & Development depends on the Metals & Mining industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on MP Materials and its competitors. MP Materials's current Research & Development is $25.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MP Materials stock overvalued right now?
Based on GuruFocus' analysis, MP Materials (MP) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.08, compared to a current price of $55.62 — trading 73.4% above its estimated fair value. The current Research & Development is $25.6 Mil. MP Materials' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For MP Materials (MP), the current Research & Development is $25.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MP Materials (MP) Overvalued in 2026?

Based on GuruFocus' analysis, MP Materials stock appears to be overvalued. The current stock price of $55.62 is trading 73.4% above its estimated GF Value™ of $32.08. GuruFocus considers MP Materials to be Significantly Overvalued.

Key valuation signals for MP:

  • Research & Development: $25.6 Mil
  • GF Value™: $32.08 vs. price of $55.62 (73.4% above fair value)
  • GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the MP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MP Materials Business Description

Address 1700 S. Pavilion Center Drive, Suite 800, Las Vegas, NV, USA, 89135
MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas. The company's operations are organized into two reportable segments: Materials and Magnetics.
68GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$55.62
Price
$32.08
GF Value