Lithium Americas Financials
This page shows Lithium Americas (LAC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Lithium Americas passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Lithium Americas generates $0.31 in operating cash flow (-$13.0M OCF vs -$42.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Lithium Americas generated -$190.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 16.5% from the prior year.
Lithium Americas reported -$42.6M in net income in fiscal year 2024. This represents a decrease of 737.9% from the prior year.
Lithium Americas earned $-0.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 600.0% from the prior year.
Lithium Americas held $593.9M in cash against $0 in long-term debt as of fiscal year 2024.
Lithium Americas had 218M shares outstanding in fiscal year 2024. This represents an increase of 35.0% from the prior year.
Lithium Americas invested $177.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 6.0% from the prior year.
LAC Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | $9.7M+62.8% | $6.0M | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | $0-100.0% | $10K | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | -$199.2M-2233.2% | -$8.5M | N/A |
| EPS (Diluted) | $-0.83-1975.0% | $-0.04 | N/A |
LAC Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Total Assets | $1.5B+38.9% | $1.0B+139.2% | $436.9M |
| Current Assets | $388.6M-35.5% | $602.2M+192.5% | $205.9M |
| Cash & Equivalents | $385.3M-35.1% | $593.9M+203.8% | $195.5M |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $975.9M+138.1% | $409.9M+688.9% | $52.0M |
| Current Liabilities | $103.1M+76.9% | $58.3M+137.0% | $24.6M |
| Long-Term Debt | N/A | N/A | N/A |
| Total Equity | $475.6M-25.1% | $635.0M+65.0% | $384.9M |
| Retained Earnings | -$276.5M-396.6% | -$55.7M-323.3% | -$13.2M |
LAC Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Operating Cash Flow | $2.3M+127.9% | -$8.3M | N/A |
| Capital Expenditures | $172.2M+161.0% | $66.0M | N/A |
| Free Cash Flow | -$169.9M-128.8% | -$74.2M | N/A |
| Investing Cash Flow | -$172.2M-161.0% | -$66.0M | N/A |
| Financing Cash Flow | $46.3M-85.8% | $327.0M | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
LAC Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | -13.7% | N/A | N/A |
| Current Ratio | 3.77-6.6 | 10.33+2.0 | 8.37 |
| Debt-to-Equity | 2.05+1.4 | 0.65+0.5 | 0.14 |
| FCF Margin | N/A | N/A | N/A |
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Frequently Asked Questions
Is Lithium Americas profitable?
No, Lithium Americas (LAC) reported a net income of -$42.6M in fiscal year 2024.
What is Lithium Americas's earnings per share (EPS)?
Lithium Americas (LAC) reported diluted earnings per share of $-0.21 for fiscal year 2024. This represents a -600.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Lithium Americas's free cash flow?
Lithium Americas (LAC) generated -$190.7M in free cash flow during fiscal year 2024. This represents a 16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lithium Americas's operating cash flow?
Lithium Americas (LAC) generated -$13.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Lithium Americas's total assets?
Lithium Americas (LAC) had $1.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Lithium Americas's capital expenditures?
Lithium Americas (LAC) invested $177.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Lithium Americas have outstanding?
Lithium Americas (LAC) had 218M shares outstanding as of fiscal year 2024.
What is Lithium Americas's current ratio?
Lithium Americas (LAC) had a current ratio of 10.33 as of fiscal year 2024, which is generally considered healthy.
What is Lithium Americas's debt-to-equity ratio?
Lithium Americas (LAC) had a debt-to-equity ratio of 0.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lithium Americas's return on assets (ROA)?
Lithium Americas (LAC) had a return on assets of -4.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Lithium Americas's cash runway?
Based on fiscal year 2024 data, Lithium Americas (LAC) had $593.9M in cash against an annual operating cash burn of $13.0M. This gives an estimated cash runway of approximately 548 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Lithium Americas's Piotroski F-Score?
Lithium Americas (LAC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lithium Americas's earnings high quality?
Lithium Americas (LAC) has an earnings quality ratio of 0.31x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.