USA Rare Earth shares traded lower on Tuesday after the company reported second-quarter results that missed analyst expectations following Monday's market close. Revenue came in at $5.82 million, below estimates of $8.05 million, while the adjusted loss was 15 cents per share versus expectations for a 13-cent loss. CEO Barbara Humpton said the company is shifting from building out operations to serving customers and creating shareholder value, adding that market urgency "has never been greater" and that the company is among the few firms positioned to meet it. USA Rare Earth ended the quarter with approximately $1.53 billion in cash and said it expects to complete the Round Top definitive feasibility study in the fourth quarter of 2026 while reaching 600 MTPA of run-rate magnet manufacturing capacity at its Stillwater facility. After falling 9.40% in Monday after-hours trading, the shares were down 3.78% at $18.32 at the time of publication on Tuesday.