Largo Inc. (LGO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Apr 1, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LGO SEC filings page.
Largo Inc. (LGO) reported $109.9M in revenue for fiscal year 2025, down 12.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Revenue is shrinking while losses deepen, cash generation turns negative, and the balance sheet becomes more dependent on financing.
From FY2024 to FY2025, revenue declined from$124.9M to$109.9M while the net loss widened from$50.6M to$68.7M . More importantly, operating cash flow moved from$11.2M positive to-$10.2M , so accounting losses and cash weakness are now pointing in the same direction rather than offsetting each other.
The financing profile changed sharply: the debt-to-equity ratio rose from 0.0x to 0.8x, while total liabilities increased to
Capital spending remains substantial even as operations weaken: FY2025 capital expenditures were
Financial Health Signals
Largo Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Largo Inc. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Largo Inc. reported a net loss of $68.7M while operations used $10.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Largo Inc. held $9.7M in cash against $107.1M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
LGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
LGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2540-F | Q4'2440-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K |
|---|---|---|---|---|---|---|
| Total Assets | $318.8M0.0% | $318.7M-16.5% | $381.6M+7.3% | $355.8M+13.3% | $313.9M+5.4% | $297.8M |
| Current Assets | $78.0M-16.3% | $93.3M-32.0% | $137.1M-11.0% | $154.1M-3.6% | $160.0M+16.5% | $137.3M |
| Cash & Equivalents | $9.7M-56.0% | $22.1M-48.2% | $42.7M-21.6% | $54.5M-35.0% | $83.8M+5.9% | $79.1M |
| Inventory | $49.5M+4.2% | $47.5M-22.8% | $61.6M-4.1% | $64.2M+41.7% | $45.3M+28.3% | $35.3M |
| Accounts Receivable | $11.1M+13.6% | $9.7M-61.9% | $25.6M+22.0% | $21.0M-11.4% | $23.7M+24.0% | $19.1M |
| Total Liabilities | $182.2M+23.6% | $147.4M+17.2% | $125.8M+55.0% | $81.2M+68.4% | $48.2M-4.8% | $50.6M |
| Current Liabilities | $153.9M+34.7% | $114.3M+169.1% | $42.5M+8.9% | $39.0M-6.5% | $41.7M-6.0% | $44.3M |
| Non-Current Liabilities | $28.3M-14.8% | $33.2M-60.2% | $83.4M+97.4% | $42.2M+545.2% | $6.5M+4.0% | $6.3M |
| Long-Term Debt | $107.1M | $0-100.0% | $925K-37.2% | $1.5M-25.9% | $2.0M | $0 |
| Total Equity | $136.5M-20.3% | $171.2M-33.1% | $255.8M-6.8% | $274.6M+3.3% | $265.7M+7.5% | $247.2M |
| Retained Earnings | -$187.3M-48.1% | -$126.5M-62.9% | -$77.6M-61.0% | -$48.2M+2.2% | -$49.3M+31.4% | -$71.9M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
LGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
LGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.51), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Largo Inc. LGO | FY2025 | $109.9M | -$68.7M | -62.5% | $54.6M | — |
| Atlas Lithium Corporation ATLX | FY2025 | $121K | -$28.1M | N/A | $72.5M | — |
| Brazil Potash Corp. GRO | FY2025 | N/A | -$52.2M | N/A | $133.2M | — |
| Fury Gold Mines Limited FURY | FY2021 | N/A | $16.8M | N/A | $97.6M | — |
| Nova Minerals Corp NVA | FY2026 | N/A | -$25.6M | N/A | $2.8B | — |
| Odyssey Marine Exploration, Inc OMEX | FY2025 | $354K | -$43.1M | N/A | $39.0M | — |
Where Largo Inc. Ranks
Frequently Asked Questions
What is Largo Inc.'s annual revenue?
Largo Inc. (LGO) reported $109.9M in total revenue for fiscal year 2025. This represents a -12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Largo Inc.'s revenue growing?
Largo Inc. (LGO) revenue declined by 12.0% year-over-year, from $124.9M to $109.9M in fiscal year 2025.
Is Largo Inc. profitable?
No, Largo Inc. (LGO) reported a net income of -$68.7M in fiscal year 2025, with a net profit margin of -62.5%.
How much debt does Largo Inc. have?
As of fiscal year 2025, Largo Inc. (LGO) had $9.7M in cash and equivalents against $107.1M in long-term debt.
What is Largo Inc.'s net profit margin?
Largo Inc. (LGO) had a net profit margin of -62.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Largo Inc.'s return on equity (ROE)?
Largo Inc. (LGO) has a return on equity of -50.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Largo Inc.'s free cash flow?
Largo Inc. (LGO) recorded an outflow of $37.7M in free cash flow during fiscal year 2025. This represents a -21.2% 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 Largo Inc.'s operating cash flow?
Largo Inc. (LGO) recorded an outflow of $10.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Largo Inc.'s total assets?
Largo Inc. (LGO) had $318.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Largo Inc.'s capital expenditures?
Largo Inc. (LGO) invested $27.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Largo Inc.'s current ratio?
Largo Inc. (LGO) had a current ratio of 0.51 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Largo Inc.'s debt-to-equity ratio?
Largo Inc. (LGO) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Largo Inc.'s return on assets (ROA)?
Largo Inc. (LGO) had a return on assets of -21.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Largo Inc.'s P/E ratio?
Largo Inc. (LGO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $54.6M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Largo Inc.'s price-to-sales ratio?
Largo Inc. (LGO) trades at 0.5x sales, its market capitalization divided by revenue of $109.9M revenue, FY2025. The market capitalization is $54.6M as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Largo Inc.'s Piotroski F-Score?
Largo Inc. (LGO) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Largo Inc.'s earnings high quality?
Largo Inc. (LGO) reported a net loss of $68.7M while operations used $10.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.