Earnings Releases·Nov 13, 2026, 9:28 AM ET

REalloys Inc. — Third Quarter 2026 Earnings Summary

Net revenues reached $0.4 million for the quarter ended September 30, 2026, up from $0.2 million in the prior-year period, while the nine-month net loss widened to $174.1 million ($2.83 per share) from $29.5 million ($0.75 per share) in the prior-year period, driven largely by $158.2 million in non-cash charges including $139.2 million in stock-based compensation.
The company maintains a virtually debt-free balance sheet with $116.2 million in cash and $123.4 million in working capital, funding all committed programs and R&D from existing cash without reliance on future financing.
Strategic execution has advanced with the November 2026 execution of a non-binding term sheet with the U.S. Army for a Heavy Rare Earth Processing Facility at Tooele Army Depot, alongside a target to begin initial separated oxide production at the SRC facility in the second half of 2027.
Future outlook targets initial U.S. magnet production of approximately 3,000 tonnes per year by 2030, with the Heavy Rare Earth Metallization Facility commissioned in Q1 2028 and NdPr metallization capability accessed at SRC beginning Q1 2027.