LGO

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Largo Inc.

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Key Metrics

Previous Close: $0.65
52-Week Range: $0.55 – $2.70
Market Cap: $66.19M
P/E (TTM): —
EPS (TTM): -1.08
Dividend Yield: —

Advanced Metrics

Price/Book: 0.42
PEG Ratio: —
Return on Equity: -39.44%
Return on Assets: -8.21%
Gross Margin: -23.11%
Operating Margin: -19.20%
Profit Margin: -60.27%
Current Ratio: 0.55
Debt/Equity: 0.70
Total Debt: $108.37M
Free Cash Flow: $-50.24M
Revenue Growth: -2.50%
Earnings Growth: —
Enterprise Value: $176.40M

LGO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$229.25M	$198.68M	$124.92M	$109.89M
Cost of Revenue	$169.72M	$174.76M	$145.82M	$132.64M
Gross Profit	$59.53M	$23.93M	-$20.90M	-$22.75M
Selling, General & Admin	$41.97M	$34.50M	$23.05M	$23.09M
Operating Expenses	$43.84M	$40.20M	$25.38M	$23.31M
Operating Income	$15.69M	-$16.28M	-$46.28M	-$46.06M
EBITDA	$28.96M	$3.82M	-$33.11M	-$16.54M
Pretax Income	$4.04M	-$35.06M	-$71.25M	-$51.67M
Income Tax	$6.26M	-$2.70M	-$20.68M	$17.06M
Net Income	-$1.45M	-$30.34M	-$49.83M	-$68.51M
Diluted EPS	-0.02	-0.47	-0.78	-1.01
Diluted Shares	64.45M	64.04M	64.83M	68.06M

LGO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$54.47M	$42.71M	$22.11M	$9.72M
Receivables	$20.98M	$25.60M	$9.74M	$11.06M
Inventory	$64.22M	$61.56M	$47.54M	$49.51M
Current Assets	$154.14M	$137.12M	$93.29M	$78.05M
Total Assets	$355.75M	$381.62M	$318.67M	$318.75M
Current Liabilities	$38.97M	$42.45M	$114.26M	$153.93M
Long-Term Debt	$36.00M	$75.00M	$17.50M	—
Total Debt	$42.05M	$76.53M	$92.28M	$107.07M
Total Liabilities	$81.20M	$125.82M	$147.44M	$182.22M
Retained Earnings	-$48.23M	-$77.64M	-$126.50M	-$187.33M
Shareholders' Equity	$265.39M	$248.65M	$164.82M	$130.35M
Working Capital	$115.17M	$94.67M	-$20.97M	-$75.88M
Net Debt	—	$32.29M	—	—

LGO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$3.46M	$21.20M	$11.16M	-$10.22M
Capital Expenditure	-$45.64M	-$53.70M	-$42.23M	-$27.44M
Free Cash Flow	-$42.18M	-$32.51M	-$31.07M	-$37.66M
Depreciation & Amortisation	$23.28M	$29.25M	$28.68M	$22.00M
Stock-Based Compensation	$2.37M	-$362.00K	$1.32M	$2.29M
Investing Cash Flow	-$60.15M	-$62.88M	-$42.23M	-$26.44M
Financing Cash Flow	$26.43M	$29.13M	$12.04M	$23.89M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Share Repurchases	-$6.09M	$0.00	—	—
Net Change in Cash	-$30.25M	-$12.56M	-$19.02M	-$12.77M

LGO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$28.23M	$26.12M	$33.26M	$22.27M	$27.53M
Cost of Revenue	$42.48M	$30.06M	$34.31M	$25.79M	$34.49M
Gross Profit	-$14.24M	-$3.94M	-$1.05M	-$3.52M	-$6.96M
Selling, General & Admin	$5.24M	$3.51M	$4.85M	$9.50M	$4.75M
Operating Expenses	$5.28M	$3.54M	$4.96M	$9.53M	$4.76M
Operating Income	-$19.52M	-$7.48M	-$6.01M	-$13.05M	-$11.72M
EBITDA	-$3.99M	-$81.00K	-$1.04M	-$11.43M	$6.06M
Pretax Income	-$11.82M	-$7.34M	-$10.43M	-$22.09M	-$4.58M
Income Tax	-$2.62M	-$1.59M	$26.19M	-$4.92M	$149.00K
Net Income	-$9.00M	-$5.67M	-$36.55M	-$17.28M	-$6.29M
Diluted EPS	-0.14	-0.09	-0.57	-0.22	-0.07
Diluted Shares	64.11M	64.13M	64.13M	78.02M	89.87M

LGO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$8.45M	$5.62M	$7.85M	$9.72M	$11.20M
Receivables	$17.82M	$17.30M	$18.67M	$11.06M	$10.11M
Inventory	$36.43M	$41.74M	$45.91M	$49.51M	$57.95M
Current Assets	$69.61M	$71.83M	$77.75M	$78.05M	$88.69M
Total Assets	$324.25M	$340.48M	$322.31M	$318.75M	$343.84M
Current Liabilities	$124.35M	$141.23M	$156.65M	$153.93M	$161.59M
Long-Term Debt	$13.75M	$13.75M	$10.00M	—	—
Total Debt	$92.11M	$95.07M	$106.00M	$107.07M	$108.37M
Total Liabilities	$153.91M	$171.14M	$186.02M	$182.22M	$188.28M
Retained Earnings	-$134.70M	-$140.33M	-$176.69M	-$187.33M	-$193.39M
Shareholders' Equity	$164.13M	$163.22M	$130.22M	$130.35M	$147.82M
Working Capital	-$54.74M	-$69.40M	-$78.91M	-$75.88M	-$72.89M
Net Debt	$5.30M	$8.13M	$2.15M	—	$97.16M

LGO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$5.61M	$6.76M	$1.15M	-$12.53M	-$9.95M
Capital Expenditure	-$8.69M	-$8.63M	-$8.29M	-$1.84M	-$6.62M
Free Cash Flow	-$14.30M	-$1.86M	-$7.13M	-$14.37M	-$16.57M
Depreciation & Amortisation	$5.68M	$4.31M	$5.31M	$6.70M	$7.13M
Stock-Based Compensation	$110.00K	$102.00K	$649.00K	$1.43M	$102.00K
Investing Cash Flow	-$7.68M	-$8.63M	-$8.29M	-$1.84M	-$6.62M
Financing Cash Flow	-$1.33M	-$263.00K	$9.31M	$16.18M	$18.00M
Dividends Paid	$0.00	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	-$14.63M	-$2.12M	$2.17M	$1.81M	$1.44M

Market Snapshot

About

Largo Inc. is a vertically integrated vanadium supplier and clean energy storage company. The company operates one of the world's highest-grade vanadium mines in Brazil and produces high-purity vanadium products used in steel manufacturing and energy storage applications. Largo is also developing vanadium redox flow battery (VRFB) energy storage systems to support renewable energy integration and grid stabilization.