NASDAQ : LGO
Largo Inc. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 0.3465 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 38.99M
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Financial statements
Largo Inc. (LGO) reported revenue of 127.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 127.06M | 109.89M | 124.92M | 198.68M | 229.25M | 198.28M |
| Cost of Revenue | 150.60M | 132.64M | 145.82M | 170.69M | 167.41M | 133.01M |
| Gross Profit | -23.54M | -22.75M | -20.90M | 27.99M | 61.84M | 65.27M |
| Selling, General & Admin | 22.30M | 20.81M | 21.73M | 34.17M | 33.87M | 24.33M |
| Other Operating Expenses | 148.00K | 130.00K | 314.00K | 270.00K | 183.00K | 147.00K |
| Operating Expenses | 21.71M | 23.86M | 30.21M | 45.90M | 44.62M | 33.54M |
| Operating Income | -45.26M | -46.61M | -51.10M | -17.91M | 17.22M | 31.73M |
| Interest Expense | -15.32M | -13.01M | -9.15M | -9.36M | -1.46M | -981.00K |
| Interest & Investment Income | 106.00K | 283.00K | 1.52M | 2.02M | 1.11M | 403.00K |
| Earnings From Equity Investments | -4.06M | -6.19M | ||||
| Currency Exchange Gain (Loss) | 3.08M | 8.68M | -12.52M | -183.00K | 1.58M | 610.00K |
| Other Non Operating Income (Expenses) | 58.00K | -7.00K | ||||
| EBT Excluding Unusual Items | -61.46M | -56.85M | -71.25M | -25.43M | 18.51M | 31.76M |
| Gain (Loss) on Sale of Assets | 5.18M | |||||
| Asset Writedown | 7.97M | -8.93M | -2.30M | |||
| Other Unusual Items | -692.00K | -12.17M | ||||
| Pretax Income | -53.51M | -51.67M | -71.25M | -35.06M | 4.04M | 31.76M |
| Income Tax Expense | 27.74M | 17.06M | -20.68M | -2.70M | 6.26M | 9.19M |
| Earnings From Continuing Operations | -81.25M | -68.74M | -50.56M | -32.36M | -2.23M | 22.57M |
| Minority Interest in Earnings | -826.00K | 229.00K | 737.00K | 2.02M | 775.00K | |
| Net Income | -82.07M | -68.51M | -49.83M | -30.34M | -1.45M | 22.57M |
| Net Income to Common | -82.07M | -68.51M | -49.83M | -30.34M | -1.45M | 22.57M |
| Shares Outstanding (Basic) | 83.61M | 67.83M | 64.09M | 64.04M | 64.45M | 64.05M |
| Shares Outstanding (Diluted) | 83.61M | 67.83M | 64.09M | 64.04M | 64.45M | 65.05M |
| EPS (Basic) | -0.98 | -1.01 | -0.78 | -0.47 | -0.02 | 0.35 |
| EPS (Diluted) | -0.99 | -1.01 | -0.78 | -0.47 | -0.02 | 0.35 |
| Free Cash Flow | -53.22M | -37.66M | -31.07M | -42.46M | -53.24M | 12.38M |
| Free Cash Flow Per Share | -0.64 | -0.56 | -0.48 | -0.66 | -0.83 | 0.19 |
| Gross Margin | -18.53% | -20.71% | -16.73% | 14.09% | 26.97% | 32.92% |
| Operating Margin | -35.62% | -42.42% | -40.91% | -9.01% | 7.51% | 16.00% |
| Profit Margin | -64.59% | -62.34% | -39.89% | -15.27% | -0.63% | 11.38% |
| Free Cash Flow Margin | -41.89% | -34.27% | -24.87% | -21.37% | -23.23% | 6.24% |
| EBITDA | -24.50M | -25.62M | -21.84M | 15.63M | 40.41M | 54.39M |
| EBITDA Margin | -19.29% | -23.32% | -17.48% | 7.87% | 17.63% | 27.43% |
| D&A For EBITDA | 20.75M | 20.99M | 29.27M | 33.54M | 23.19M | 22.66M |
| EBIT | -45.26M | -46.61M | -51.10M | -17.91M | 17.22M | 31.73M |
| EBIT Margin | -35.62% | -42.42% | -40.91% | -9.01% | 7.51% | 16.00% |
| Effective Tax Rate | 155.11% | 28.93% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.10M | 9.72M | 22.11M | 42.71M | 54.47M | 83.79M |
| Cash & Short-Term Investments | 5.10M | 9.72M | 22.11M | 42.71M | 54.47M | 83.79M |
| Accounts Receivable | 5.59M | 3.41M | 5.47M | 19.08M | 18.29M | 22.14M |
| Other Receivables | 8.53M | 7.65M | 4.27M | 6.52M | 2.69M | 1.54M |
| Receivables | 14.12M | 11.06M | 9.74M | 25.60M | 20.98M | 23.68M |
| Inventory | 58.45M | 49.51M | 47.54M | 61.56M | 64.22M | 45.32M |
| Prepaid Expenses | 13.16M | 7.38M | 5.76M | 6.53M | 14.01M | 6.73M |
| Restricted Cash | 382.00K | 382.00K | 530.00K | 712.00K | 470.00K | 448.00K |
| Other Current Assets | 7.61M | |||||
| Total Current Assets | 91.21M | 78.05M | 93.29M | 137.12M | 154.14M | 159.98M |
| Property, Plant & Equipment | 221.06M | 209.65M | 188.25M | 230.85M | 189.75M | 146.66M |
| Long-Term Investments | 4.49M | 4.64M | ||||
| Other Intangible Assets | 993.00K | 1.41M | 2.25M | 6.15M | 7.26M | 3.93M |
| Long-Term Deferred Tax Assets | 4.78M | 5.01M | 22.07M | 7.50M | 4.60M | 3.34M |
| Other Long-Term Assets | 23.66M | 19.99M | 12.80M | |||
| Total Assets | 346.20M | 318.75M | 318.67M | 381.62M | 355.75M | 313.91M |
| Accounts Payable | 19.95M | 17.66M | 21.66M | 31.44M | 26.63M | 14.05M |
| Accrued Expenses | 23.59M | 21.46M | 9.11M | 398.00K | 6.06M | 4.05M |
| Short-Term Debt | 35.03M | 27.85M | 4.00M | 15.00M | ||
| Current Portion of Long-Term Debt | 79.22M | 79.22M | 74.78M | |||
| Current Portion of Leases | 600.00K | 581.00K | 563.00K | |||
| Current Income Taxes Payable | 2.65M | 3.75M | 813.00K | 2.54M | ||
| Current Unearned Revenue | 5.76M | 3.54M | 3.89M | 3.55M | 1.70M | 5.47M |
| Other Current Liabilities | 4.29M | 453.00K | 4.01M | 6.46M | ||
| Total Current Liabilities | 170.48M | 153.93M | 114.26M | 42.45M | 38.97M | 41.67M |
| Long-Term Debt | 17.50M | 75.00M | 36.00M | |||
| Long-Term Leases | 925.00K | 1.47M | 1.99M | |||
| Other Long-Term Liabilities | 30.18M | 28.29M | 15.68M | 7.44M | 4.75M | 4.56M |
| Total Liabilities | 206.81M | 182.22M | 147.44M | 125.82M | 81.20M | 48.21M |
| Common Stock | 449.31M | 423.28M | 412.99M | 412.30M | 411.65M | 415.98M |
| Retained Earnings | -214.90M | -187.33M | -126.50M | -77.64M | -48.23M | -49.33M |
| Comprehensive Income & Other | -101.97M | -105.60M | -121.67M | -86.00M | -98.03M | -100.96M |
| Total Common Equity | 132.45M | 130.35M | 164.82M | 248.65M | 265.39M | 265.70M |
| Minority Interest | 6.95M | 6.18M | 6.41M | 7.15M | 9.16M | |
| Shareholders' Equity | 139.40M | 136.54M | 171.23M | 255.80M | 274.55M | 265.70M |
| Total Liabilities & Equity | 346.20M | 318.75M | 318.67M | 381.62M | 355.75M | 313.91M |
| Total Debt | 114.25M | 107.07M | 92.28M | 76.53M | 42.05M | 17.55M |
| Net Cash (Debt) | -109.15M | -97.35M | -70.17M | -33.81M | 12.42M | 66.24M |
| Net Cash Per Share | -1.31 | -1.44 | -1.09 | -0.53 | 0.19 | 1.02 |
| Filing Date Shares Outstanding | 103.13M | 83.67M | 64.11M | 64.05M | 64.00M | 64.75M |
| Total Common Shares Outstanding | 103.13M | 83.67M | 64.11M | 64.05M | 64.00M | 64.73M |
| Working Capital | -79.27M | -75.88M | -20.97M | 94.67M | 115.17M | 118.31M |
| Book Value Per Share | 1.28 | 1.56 | 2.57 | 3.88 | 4.15 | 4.10 |
| Tangible Book Value | 131.45M | 128.94M | 162.56M | 242.50M | 258.13M | 261.77M |
| Tangible Book Value Per Share | 1.27 | 1.54 | 2.54 | 3.79 | 4.03 | 4.04 |
| Buildings | 250.64M | 235.62M | 195.98M | 243.03M | 183.97M | 160.51M |
| Machinery | 771.00K | 735.00K | 940.00K | 346.00K | 321.00K | 4.21M |
| Construction In Progress | 7.38M | 6.05M | 13.71M | 11.77M | 29.42M | 5.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -82.07M | -68.51M | -49.83M | -30.34M | -1.45M | 22.57M |
| Depreciation & Amortization | 20.75M | 20.99M | 29.27M | 33.54M | 23.19M | 22.66M |
| Other Amortization | 1.26M | 841.00K | 842.00K | 839.00K | 271.00K | |
| Loss (Gain) From Sale of Assets | -2.84M | -5.18M | 156.00K | |||
| Asset Writedown & Restructuring Costs | 1.09M | |||||
| Loss (Gain) on Equity Investments | 6.90M | 6.19M | ||||
| Stock-Based Compensation | 2.07M | 2.29M | 1.32M | -362.00K | 2.37M | 3.13M |
| Provision & Write-off of Bad Debts | -58.00K | 7.00K | ||||
| Other Operating Activities | 61.06M | 40.58M | 19.71M | 5.50M | -2.90M | 6.99M |
| Change in Accounts Receivable | 6.49M | -595.00K | 14.10M | -3.86M | 3.57M | -5.45M |
| Change in Inventory | -38.87M | -22.89M | -18.65M | 1.29M | -15.71M | -11.05M |
| Change in Accounts Payable | -8.95M | 8.61M | -383.00K | 4.61M | 5.18M | 1.82M |
| Change in Unearned Revenue | 2.14M | -352.00K | 336.00K | 1.85M | -3.77M | 2.25M |
| Change in Other Net Operating Assets | 3.94M | 7.81M | 13.36M | 7.96M | -7.23M | -3.15M |
| Operating Cash Flow | -28.13M | -10.22M | 11.16M | 21.20M | 3.46M | 39.78M |
| Capital Expenditures | -25.10M | -27.44M | -42.23M | -63.66M | -56.70M | -27.40M |
| Sale of Property, Plant & Equipment | 933.00K | |||||
| Divestitures | 1.00M | |||||
| Sale (Purchase) of Intangibles | -157.00K | -3.44M | ||||
| Investing Cash Flow | -25.10M | -26.44M | -42.23M | -62.88M | -60.15M | -27.40M |
| Long-Term Debt Issued | 107.02M | 44.35M | 70.00M | 55.00M | 15.00M | |
| Total Debt Issued | 157.47M | 107.02M | 44.35M | 70.00M | 55.00M | 15.00M |
| Long-Term Debt Repaid | -92.23M | -27.68M | -35.58M | -30.57M | -25.02M | |
| Lease Payments | -600.00K | -580.00K | -569.00K | -230.00K | ||
| Total Debt Repaid | -138.29M | -92.23M | -27.68M | -35.58M | -30.57M | -25.02M |
| Net Debt Issued (Repaid) | 19.18M | 14.79M | 16.68M | 34.42M | 24.43M | -10.02M |
| Issuance of Common Stock | 34.88M | 10.09M | 277.00K | 3.16M | ||
| Repurchase of Common Stock | -6.09M | |||||
| Other Financing Activities | -1.53M | -984.00K | -4.64M | -5.29M | 7.82M | -45.00K |
| Financing Cash Flow | 52.53M | 23.89M | 12.04M | 29.13M | 26.43M | -6.90M |
| Foreign Exchange Rate Adjustments | 179.00K | 378.00K | -1.58M | 804.00K | 933.00K | -831.00K |
| Net Cash Flow | -513.00K | -12.39M | -20.61M | -11.76M | -29.32M | 4.64M |
| Free Cash Flow | -53.22M | -37.66M | -31.07M | -42.46M | -53.24M | 12.38M |
| Free Cash Flow Margin | -41.89% | -34.27% | -24.87% | -21.37% | -23.23% | 6.24% |
| Free Cash Flow Per Share | -0.64 | -0.56 | -0.48 | -0.66 | -0.83 | 0.19 |
| Levered Free Cash Flow | -62.45M | -30.35M | -27.60M | -34.11M | -39.66M | 6.12M |
| Unlevered Free Cash Flow | -52.87M | -22.22M | -21.89M | -28.26M | -38.75M | 6.74M |
| Free Cash Flow After Leases | -53.22M | -37.66M | -31.67M | -43.04M | -53.81M | 12.15M |
| Cash Interest Paid | 13.18M | 12.97M | 6.30M | 7.07M | 616.00K | |
| Cash Income Tax Paid | 297.00K | 181.00K | -2.91M | 686.00K | 4.74M | 3.10M |
| Change in Working Capital | -35.25M | -7.42M | 8.76M | 11.86M | -17.96M | -15.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 38.99M | 79.60M | 110.95M | 147.93M | 347.12M | 599.45M |
| Enterprise Value | 157.15M | 185.48M | 176.42M | 184.38M | 310.26M | 529.61M |
| Last Close Price | 0.35 | 0.94 | 1.72 | 2.31 | 5.38 | 9.26 |
| PE Ratio | 26.56 | |||||
| PS Ratio | 0.31 | 0.72 | 0.89 | 0.74 | 1.51 | 3.02 |
| PB Ratio | 0.28 | 0.58 | 0.65 | 0.58 | 1.26 | 2.26 |
| P/TBV Ratio | 0.30 | 0.62 | 0.68 | 0.61 | 1.34 | 2.29 |
| P/FCF Ratio | 48.43 | |||||
| P/OCF Ratio | 9.94 | 6.98 | 100.32 | 15.07 | ||
| EV/Sales Ratio | 1.24 | 1.69 | 1.41 | 0.93 | 1.35 | 2.67 |
| EV/EBITDA Ratio | 11.79 | 7.68 | 9.74 | |||
| EV/EBIT Ratio | 18.02 | 16.69 | ||||
| EV/FCF Ratio | 42.79 | |||||
| Debt / Equity Ratio | 0.82 | 0.78 | 0.54 | 0.30 | 0.15 | 0.07 |
| Debt / EBITDA Ratio | 4.89 | 1.04 | 0.32 | |||
| Debt / FCF Ratio | 1.42 | |||||
| Net Debt / Equity Ratio | 0.78 | 0.71 | 0.41 | 0.13 | -0.04 | -0.25 |
| Net Debt / EBITDA Ratio | -4.45 | -3.80 | -3.21 | 2.16 | -0.31 | -1.22 |
| Net Debt / FCF Ratio | -2.05 | -2.58 | -2.26 | -0.80 | 0.23 | -5.35 |
| Asset Turnover | 0.37 | 0.34 | 0.36 | 0.54 | 0.69 | 0.65 |
| Inventory Turnover | 3.01 | 2.73 | 2.67 | 2.71 | 3.06 | 3.30 |
| Quick Ratio | 0.11 | 0.14 | 0.28 | 1.61 | 1.94 | 2.58 |
| Current Ratio | 0.54 | 0.51 | 0.82 | 3.23 | 3.96 | 3.84 |
| Return on Equity (ROE) | -52.63% | -44.67% | -23.68% | -12.20% | -0.82% | 8.80% |
| Return on Assets (ROA) | -8.24% | -9.14% | -9.12% | -3.04% | 3.21% | 6.49% |
| Return on Invested Capital (ROIC) | -18.06% | -19.61% | -19.25% | -6.49% | -4.11% | 11.50% |
| Return on Capital Employed (ROCE) | -25.80% | -28.30% | -25.00% | -5.30% | 5.40% | 11.70% |
| Earnings Yield | -289.34% | -86.07% | -44.91% | -20.51% | -0.42% | 3.77% |
| FCF Yield | -136.51% | -47.32% | -28.00% | -28.71% | -15.34% | 2.07% |
| Buyback Yield / Dilution | -30.41% | -5.84% | -0.08% | 0.63% | 0.92% | -6.01% |