REalloys Third-Quarter Net Revenue $413,000, Cash About $116.2 Million at Quarter End
Rare earth materials company REalloys on November 13 reported results for the third quarter of 2026. The company is headquartered in Euclid, Ohio, and works across rare earth metals and magnet materials.
Third-quarter net revenue was $413,000, compared with $186,000 a year earlier. The net loss was $30.5 million, or $0.44 per share, compared with a net loss of $25.6 million, or $0.58 per share, a year earlier; the quarter's loss included $25.3 million of non-cash share-based compensation. Gross margin on sales at the Euclid facility was about 36 percent.
At quarter end, the company held about $116.2 million in cash, with total assets of $197.4 million, working capital of $123.4 million, and essentially no debt. For the first nine months of 2026, net revenue was $1.923 million and the net loss was $174.1 million, including $158.2 million of non-cash charges.
On capacity, the company invested $16.5 million in SRC during the first nine months, comprising $11.6 million for the heavy rare earth metallization facility, $3.7 million for processing facility upgrades, and $1.2 million for process development, with about $56 million of SRC commitments remaining. The metallization facility targets first production in the first quarter of 2028, processing about 50 tonnes of dysprosium and terbium oxides a year. After the SRC upgrade, targeted output is about 525 tonnes of NdPr metal, 30 tonnes of dysprosium oxide, and 15 tonnes of terbium oxide a year, with the company holding supply rights to about 80 percent of output. Its U.S. platform targets about 3,000 tonnes a year of sintered NdFeB magnets before 2030, with about $10 million of research, pilot, and qualification spending planned before 2027. On November 3, the company signed a non-binding term sheet with the U.S. Army for about 200 acres at Tooele Army Depot, with an initial 50-year term and a 25-year renewal option.
Source: REalloys
Published by GSM · USA (original Chinese edition)
Photo: 图：稀土元素钕的金属样品，钕是制造钕铁硼永磁体的关键原料。来源：Hi-Res Images of Chemical Elements，Wikimedia Commons，CC BY 3.0。 / Photo: A metal sample of the rare-earth element neodymium, a key material for NdFeB permanent magnets. Source: Hi-Res Images of Chemical Elements, Wikimedia Commons, CC BY 3.0.
