MP Materials Reports 49% Q1 Revenue Surge to $90.6M, Lands $400M Defense Contract Amid Executive Stock Sales

According to Quiver Quantitative, MP Materials, the leading U.S. rare earth producer, reported first-quarter 2026 revenue of $90.6 million, up 49% year-over-year. The company recently secured a $400 million contract from the U.S. Department of Defense to strengthen domestic magnet supply chains amid heightened geopolitical tensions.

However, despite strong financial performance, company insiders have been actively selling shares. Over the past six months, MP Materials executives conducted 25 stock transactions—23 sales and only 2 purchases. CEO and Chairman James H. Litinsky sold approximately 1.49 million shares, generating roughly $97.12 million.