NYSE : LAC
Lithium Americas Corp. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 2.13 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 776.30M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 64.69M | 52.82M | 28.10M | 24.60M | 9.54M | 5.12M |
| Operating Expenses | 64.69M | 52.84M | 28.30M | 28.75M | 60.86M | 44.49M |
| Operating Income | -64.69M | -52.84M | -28.30M | -28.75M | -60.86M | -44.49M |
| Interest Expense | -377.00K | -3.59M | -2.36M | |||
| Interest & Investment Income | 2.94M | |||||
| Other Non Operating Income (Expenses) | 11.27M | -34.13M | -7.67M | 25.72M | -786.00K | -294.00K |
| EBT Excluding Unusual Items | -53.42M | -86.97M | -35.97M | -462.00K | -65.23M | -47.15M |
| Gain (Loss) on Sale of Investments | -1.78M | 711.00K | -6.66M | -2.56M | ||
| Other Unusual Items | -4.63M | |||||
| Pretax Income | -55.20M | -86.26M | -42.63M | -5.09M | -67.80M | -47.15M |
| Earnings From Continuing Operations | -55.20M | -86.26M | -42.63M | -5.09M | -67.80M | -47.15M |
| Earnings From Discontinued Operations | 122.00K | |||||
| Net Income to Company | -55.20M | -86.26M | -42.63M | -5.09M | -67.80M | -47.03M |
| Minority Interest in Earnings | -42.00M | -35.83M | 105.00K | |||
| Net Income | -97.20M | -122.09M | -42.53M | -5.09M | -67.80M | -47.03M |
| Net Income to Common | -97.20M | -122.09M | -42.53M | -5.09M | -67.80M | -47.03M |
| Shares Outstanding (Basic) | 315.38M | 243.66M | 200.82M | 160.36M | 160.05M | 160.05M |
| Shares Outstanding (Diluted) | 315.38M | 243.66M | 200.82M | 160.36M | 160.05M | 160.05M |
| EPS (Basic) | -0.31 | -0.50 | -0.21 | -0.03 | -0.42 | -0.29 |
| EPS (Diluted) | -0.40 | -0.50 | -0.21 | -0.03 | -0.42 | -0.29 |
| Free Cash Flow | -1.08B | -826.27M | -190.71M | -228.47M | -57.62M | -44.87M |
| Free Cash Flow Per Share | -3.42 | -3.39 | -0.95 | -1.43 | -0.36 | -0.28 |
| EBITDA | -64.64M | -52.80M | -28.25M | -28.61M | -60.06M | -43.84M |
| D&A For EBITDA | 54.00K | 46.00K | 46.00K | 135.00K | 801.00K | 658.00K |
| EBIT | -64.69M | -52.84M | -28.30M | -28.75M | -60.86M | -44.49M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 822.78M | 568.23M | 593.88M | 195.52M | 636.00K | 933.00K |
| Short-Term Investments | 92.00K | |||||
| Cash & Short-Term Investments | 822.78M | 568.23M | 593.88M | 195.61M | 636.00K | 933.00K |
| Other Receivables | 2.21M | 4.11M | 557.00K | 4.49M | 3.00K | 124.00K |
| Receivables | 2.21M | 4.11M | 557.00K | 4.49M | 3.00K | 124.00K |
| Prepaid Expenses | 1.05M | 1.92M | 7.73M | 5.78M | 1.30M | 754.00K |
| Restricted Cash | 456.41M | 337.38M | 288.00K | |||
| Total Current Assets | 1.28B | 911.64M | 602.46M | 205.88M | 1.94M | 1.81M |
| Property, Plant & Equipment | 2.09B | 1.35B | 402.41M | 204.24M | 13.45M | 9.04M |
| Long-Term Investments | 174.00K | 4.86M | 4.15M | 11.16M | 12.45M | |
| Long-Term Deferred Charges | 154.58M | 311.81M | 11.53M | |||
| Other Long-Term Assets | 7.93M | 24.39M | 15.60M | |||
| Total Assets | 3.54B | 2.58B | 1.04B | 436.89M | 27.84M | 10.85M |
| Accounts Payable | 101.33M | 87.85M | 700.00K | 4.59M | 9.91M | 4.21M |
| Accrued Expenses | 127.45M | 83.44M | 51.76M | 18.77M | ||
| Current Portion of Long-Term Debt | 43.57M | |||||
| Current Portion of Leases | 5.81M | 5.53M | 5.82M | 878.00K | 724.00K | 303.00K |
| Other Current Liabilities | 348.00K | |||||
| Total Current Liabilities | 234.59M | 176.82M | 58.28M | 24.59M | 54.21M | 4.52M |
| Long-Term Debt | 1.14B | 514.50M | 3.50M | 3.50M | 5.95M | 45.94M |
| Long-Term Leases | 15.99M | 15.67M | 16.82M | 3.02M | 1.62M | 1.75M |
| Other Long-Term Liabilities | 196.53M | 285.41M | 21.00M | 20.86M | 478.00K | 326.00K |
| Total Liabilities | 1.59B | 992.40M | 99.60M | 51.96M | 62.26M | 52.54M |
| Common Stock | 1.55B | 1.28B | 655.07M | 383.06M | ||
| Additional Paid-In Capital | 84.78M | 35.62M | 15.02M | 226.01M | 150.94M | |
| Retained Earnings | -219.41M | -221.15M | -55.68M | -13.15M | -260.43M | -192.63M |
| Total Common Equity | 1.42B | 1.06B | 635.00M | 384.93M | -34.42M | -41.69M |
| Minority Interest | 532.44M | 527.89M | 310.34M | |||
| Shareholders' Equity | 1.95B | 1.59B | 945.34M | 384.93M | -34.42M | -41.69M |
| Total Liabilities & Equity | 3.54B | 2.58B | 1.04B | 436.89M | 27.84M | 10.85M |
| Total Debt | 1.16B | 535.70M | 26.14M | 7.39M | 51.86M | 48.00M |
| Net Cash (Debt) | -338.23M | 32.52M | 567.75M | 188.21M | -51.23M | -47.06M |
| Net Cash Per Share | -1.07 | 0.13 | 2.83 | 1.17 | -0.32 | -0.29 |
| Filing Date Shares Outstanding | 363.04M | 347.37M | 218.47M | 161.78M | 160.05M | 160.05M |
| Total Common Shares Outstanding | 361.84M | 314.33M | 218.47M | 161.78M | 160.05M | 160.05M |
| Working Capital | 1.05B | 734.82M | 544.18M | 181.30M | -52.27M | -2.71M |
| Book Value Per Share | 3.92 | 3.37 | 2.91 | 2.38 | -0.22 | -0.26 |
| Tangible Book Value | 1.42B | 1.06B | 635.00M | 384.93M | -34.42M | -41.69M |
| Tangible Book Value Per Share | 3.92 | 3.37 | 2.91 | 2.38 | -0.22 | -0.26 |
| Machinery | 4.04M | 3.96M | 2.64M | 2.62M | 2.74M | 1.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -97.20M | -122.09M | -42.53M | -5.09M | -67.80M | -47.03M |
| Depreciation & Amortization | 1.07M | 1.05M | 992.00K | 827.00K | 1.52M | 658.00K |
| Loss (Gain) From Sale of Investments | 1.78M | -711.00K | 6.66M | -31.56M | 2.56M | |
| Stock-Based Compensation | 7.68M | 6.21M | 5.17M | 5.58M | 2.35M | 1.80M |
| Other Operating Activities | 37.12M | 49.26M | -69.00K | -269.00K | 516.00K | 119.00K |
| Change in Accounts Receivable | -1.17M | -1.15M | 3.73M | -4.26M | -423.00K | -525.00K |
| Change in Accounts Payable | -230.00K | 13.69M | -22.00K | -1.31M | 9.27M | 2.55M |
| Change in Other Net Operating Assets | 15.29M | -7.47M | 13.06M | -3.44M | ||
| Operating Cash Flow | -35.66M | -61.22M | -13.01M | -39.53M | -51.99M | -42.94M |
| Capital Expenditures | -1.04B | -765.04M | -177.69M | -188.94M | -5.62M | -1.93M |
| Investment in Securities | -15.02M | |||||
| Other Investing Activities | 4.18M | |||||
| Investing Cash Flow | -1.04B | -765.04M | -177.69M | -188.94M | -20.64M | 2.25M |
| Long-Term Debt Issued | 646.75M | 23.51M | ||||
| Long-Term Debt Repaid | -4.78M | -836.00K | -34.00K | -374.00K | -263.00K | |
| Lease Payments | -374.00K | -263.00K | ||||
| Net Debt Issued (Repaid) | 1.20B | 641.97M | -836.00K | -34.00K | -374.00K | 23.25M |
| Issuance of Common Stock | 650.56M | 401.18M | 262.15M | 365.65M | 72.71M | 20.11M |
| Other Financing Activities | -5.90M | 94.55M | 327.76M | 58.02M | -2.26M | |
| Financing Cash Flow | 1.85B | 1.14B | 589.08M | 423.64M | 72.34M | 41.11M |
| Net Cash Flow | 770.05M | 311.44M | 398.37M | 195.17M | -297.00K | 421.00K |
| Free Cash Flow | -1.08B | -826.27M | -190.71M | -228.47M | -57.62M | -44.87M |
| Free Cash Flow Per Share | -3.42 | -3.39 | -0.95 | -1.43 | -0.36 | -0.28 |
| Levered Free Cash Flow | -1.35B | -1.01B | -158.77M | -193.78M | -35.07M | -21.46M |
| Unlevered Free Cash Flow | -1.35B | -1.01B | -158.77M | -193.55M | -32.83M | -19.98M |
| Free Cash Flow After Leases | -1.08B | -826.27M | -190.71M | -228.47M | -57.99M | -45.13M |
| Cash Interest Paid | 1.18M | 1.35M | 268.00K | 168.00K | 3.02M | |
| Change in Working Capital | 13.89M | 5.07M | 16.76M | -9.02M | 8.85M | 2.03M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 736.35M | 1.32B | 652.63M | 1.04B | ||
| Enterprise Value | 1.62B | 1.77B | 339.63M | 885.81M | ||
| Last Close Price | 2.03 | 4.36 | 2.97 | 6.40 | ||
| PB Ratio | 0.38 | 0.83 | 0.69 | 2.70 | ||
| P/TBV Ratio | 0.52 | 1.25 | 1.03 | 2.70 | ||
| Debt / Equity Ratio | 0.60 | 0.34 | 0.03 | 0.02 | -1.51 | -1.15 |
| Net Debt / Equity Ratio | 0.17 | -0.02 | -0.60 | -0.49 | -1.49 | -1.13 |
| Net Debt / EBITDA Ratio | -5.23 | 0.62 | 20.10 | 6.58 | -0.85 | -1.07 |
| Net Debt / FCF Ratio | -0.31 | 0.04 | 2.98 | 0.82 | -0.89 | -1.05 |
| Quick Ratio | 3.52 | 3.24 | 10.20 | 8.14 | 0.01 | 0.23 |
| Current Ratio | 5.47 | 5.16 | 10.34 | 8.37 | 0.04 | 0.40 |
| Return on Equity (ROE) | -3.70% | -6.81% | -6.41% | -2.90% | ||
| Return on Assets (ROA) | -1.66% | -1.82% | -2.39% | -7.73% | -196.62% | -259.19% |
| Return on Capital Employed (ROCE) | -2.00% | -2.20% | -2.90% | -7.00% | 230.80% | -702.40% |
| Earnings Yield | -19.92% | -9.24% | -6.52% | -0.49% | ||
| FCF Yield | -146.50% | -62.53% | -29.22% | -22.00% | ||
| Buyback Yield / Dilution | -44.14% | -21.33% | -25.23% | -0.20% |