Laredo Oil Financials

LRDC

Source SEC Filings (10-K/10-Q) Updated Feb 28, 2026 Currency USD FYE May

This page shows Laredo Oil (LRDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI LRDC FY2025 2026-04-22

Tiny reported revenue leaves the company operating mainly on financing inflows while liabilities dominate a shrinking asset base.

Across the last three filings, negative equity deepened from -$9.8M to -$12.6M even though reported revenue was negligible, so the balance sheet is being shaped more by accumulated losses and financing needs than by operating activity. That is why the latest year still required $3.1M of financing cash flow despite ending with only $63K of cash.

The liquidity squeeze is immediate, not just an accounting issue: the current ratio sat well below 0.1x, so near-term obligations tower over short-term resources. With current liabilities around $12.9M and cash at just $63K, the business depends on fresh capital or creditor patience rather than internally generated cash.

The cost structure looks detached from operating activity: selling and administrative expense was $1.8M against only $9K of revenue, so reported losses mostly reflect carrying the corporate platform rather than supporting active sales. Latest operating cash burn of $1.6M was smaller than the net loss of $3.2M, which suggests some non-cash charges but does not remove the ongoing funding need.

Financial Health Signals

Financial Profile 0/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Laredo Oil's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Laredo Oil has an operating margin of -35258.7%, meaning the company retains $-35259 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -9292.9% the prior year.

Liquidity

Laredo Oil's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

1/9

Laredo Oil passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.52x

For every $1 of reported earnings, Laredo Oil generates $0.52 in operating cash flow (-$1.6M OCF vs -$3.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-6.8x

Laredo Oil earns $-6.8 in operating income for every $1 of interest expense (-$3.3M vs $489K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9K

YoY-74.2%

5Y CAGR-74.1%

Laredo Oil generated $9K in revenue in fiscal year 2025. This represents a decrease of 74.2% from the prior year.

EBITDA

-$3.3M

YoY+2.4%

Laredo Oil's EBITDA was -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.4% from the prior year.

Net Income

-$3.2M

YoY-11.0%

Laredo Oil reported -$3.2M in net income in fiscal year 2025. This represents a decrease of 11.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$63K

YoY-50.2%

5Y CAGR-47.1%

10Y CAGR-3.0%

Laredo Oil held $63K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

75M

YoY+3.9%

5Y CAGR+6.5%

10Y CAGR+3.3%

Laredo Oil had 75M shares outstanding in fiscal year 2025. This represents an increase of 3.9% from the prior year.

Margins & Returns

Gross Margin

100.0%

YoY+0.0pp

5Y CAGR+97.8pp

Laredo Oil's gross margin was 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.

Operating Margin

-35258.7%

YoY-25965.8pp

5Y CAGR-35257.1pp

Laredo Oil's operating margin was -35258.7% in fiscal year 2025, reflecting core business profitability. This is down 25965.8 percentage points from the prior year.

Net Margin

-33767.1%

YoY-25907.6pp

5Y CAGR-33765.0pp

Laredo Oil's net profit margin was -33767.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 25907.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

LRDC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9K-74.2%	$36K	$0-100.0%	$668K-85.5%	$4.6M-43.6%	$8.1M
Cost of Revenue	N/A	N/A	N/A	$1.3M-73.1%	$4.8M-40.1%	$8.0M
Gross Profit	$9K-74.2%	$36K	N/A	-$619K-237.4%	-$183K-204.1%	$176K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.8M-36.5%	$2.9M+41.5%	$2.0M+74.1%	$1.2M+885.1%	$119K+59.1%	$75K
Operating Income	-$3.3M+2.0%	-$3.4M	N/A	-$2.2M-222.1%	-$683K-421.7%	-$131K
Interest Expense	$489K-4.2%	$511K+0.2%	$510K+274.5%	$136K+160.6%	$52K+44.9%	$36K
Income Tax	N/A	N/A	N/A	N/A	$0	$0
Net Income	-$3.2M-11.0%	-$2.9M-23.4%	-$2.3M-2091.2%	-$106K+71.2%	-$368K-120.6%	-$167K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	N/A	$1.6M+3.6%	$1.5M	$0-100.0%	$1.7M+5.8%	$1.6M+27016.4%	$6K	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	$1.6M+3.6%	$1.5M	$0-100.0%	$1.7M+5.8%	$1.6M+27016.4%	$6K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$631K-100.0%	$2.6B+367.5%	$561.8M+121420.7%	$462K-99.9%	$459.7M+1.5%	$453.0M+97476.1%	$464K	N/A
Operating Income	-$1.1M+100.0%	-$3.0B-328.6%	-$691.7M-51205.5%	-$1.3M+99.8%	-$608.1M+13.3%	-$701.8M-105536.4%	-$664K	N/A
Interest Expense	$151K-100.0%	$308.2M+11.5%	$276.3M+206214.4%	$134K-99.9%	$116.8M+11.3%	$104.9M+78423.4%	$134K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.2M+100.0%	-$3.3B-247.8%	-$952.1M-64179.3%	-$1.5M+99.6%	-$415.8M+49.0%	-$815.7M-173734.1%	-$469K	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LRDC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.4M-48.4%	$2.8M+417.3%	$542K-85.4%	$3.7M+33.6%	$2.8M+70.7%	$1.6M
Current Assets	$299K-85.2%	$2.0M+3775.6%	$52K-60.9%	$133K-91.8%	$1.6M+0.6%	$1.6M
Cash & Equivalents	$63K-50.2%	$127K+824.3%	$14K-87.4%	$109K-90.9%	$1.2M-21.9%	$1.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$169K	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$14.0M+0.2%	$14.0M+35.5%	$10.3M+58.9%	$6.5M+29.8%	$5.0M+43.4%	$3.5M
Current Liabilities	$12.9M-0.3%	$12.9M+33.9%	$9.7M+73.3%	$5.6M+76.6%	$3.2M+15.7%	$2.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$0
Total Equity	-$12.6M-12.4%	-$11.2M-14.3%	-$9.8M-249.7%	-$2.8M-25.1%	-$2.2M-19.7%	-$1.9M
Retained Earnings	-$25.9M-14.0%	-$22.7M-14.4%	-$19.9M-65.7%	-$12.0M-8.1%	-$11.1M-3.4%	-$10.7M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.4M-99.9%	$1.7B+6.6%	$1.6B+110300.6%	$1.4M-100.0%	$5.5B+10.8%	$4.9B+105589.4%	$4.7M+66.6%	$2.8M
Current Assets	$352K-99.9%	$632.0M+32.7%	$476.3M+159453.9%	$299K-100.0%	$1.7B-13.4%	$1.9B+95209.9%	$2.0M+0.5%	$2.0M
Cash & Equivalents	$264K-100.0%	$535.0M+130.4%	$232.2M+366830.5%	$63K-99.8%	$27.8M+307.8%	$6.8M+6367.3%	$106K-17.0%	$127K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$15.7M-99.9%	$15.0B+0.2%	$14.9B+106442.1%	$14.0M-99.9%	$17.4B+5.5%	$16.5B+103335.7%	$15.9M+13.7%	$14.0M
Current Liabilities	$14.7M-99.9%	$14.0B+1.3%	$13.8B+107125.4%	$12.9M-99.9%	$16.3B+6.0%	$15.3B+103688.8%	$14.8M+14.2%	$12.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$14.2M+99.9%	-$13.3B+0.6%	-$13.3B-105997.8%	-$12.6M+99.9%	-$11.9B-3.2%	-$11.5B-102397.9%	-$11.2M-0.4%	-$11.2M
Retained Earnings	-$31.4M+99.9%	-$30.2B-12.3%	-$26.9B-103575.2%	-$25.9M+99.9%	-$24.4B-1.7%	-$24.0B-103417.1%	-$23.2M-2.1%	-$22.7M

LRDC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.6M-160.8%	-$633K+62.9%	-$1.7M-42.2%	-$1.2M+2.5%	-$1.2M-13340.5%	$9K
Capital Expenditures	N/A	N/A	$303-99.5%	$58K	N/A	N/A
Free Cash Flow	N/A	N/A	-$1.7M-35.7%	-$1.3M	N/A	N/A
Investing Cash Flow	-$3.2M-2419.5%	$137K+114.7%	-$930K+34.6%	-$1.4M-337.9%	-$325K	$0
Financing Cash Flow	$3.1M+25.9%	$2.5M-2.7%	$2.5M+65.5%	$1.5M+25.9%	$1.2M-1.1%	$1.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	-$253K+100.0%	-$651.4M+24.4%	-$861.7M-1536259.1%	-$56K+100.0%	-$894.9M-100.7%	-$446.0M-176229.3%	-$253K-130.2%	-$110K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	-$3.1M+95.0%	-$62.1M-103.5%	$1.8B+99715.2%	-$1.8M-2114.5%	$87K
Financing Cash Flow	N/A	N/A	$1.0B+3667499.3%	-$27K-100.0%	$334.6M-60.6%	$848.8M+43315.7%	$2.0M+1558.5%	$118K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LRDC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	100.0%0.0pp	100.0%	N/A	-92.7%-88.7pp	-4.0%-6.2pp	2.2%
Operating Margin	-35258.7%-25965.8pp	-9292.9%	N/A	-329.3%-314.5pp	-14.9%-13.3pp	-1.6%
Net Margin	-33767.1%-25907.6pp	-7859.5%	N/A	-15.9%-7.9pp	-8.0%-6.0pp	-2.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-219.7%-117.5pp	-102.2%+326.3pp	-428.5%-425.7pp	-2.9%+10.4pp	-13.3%-3.0pp	-10.3%
Current Ratio	0.02-0.1	0.16+0.2	0.01-0.0	0.02-0.5	0.52-0.1	0.59
Debt-to-Equity	-1.12+0.1	-1.25-0.2	-1.06+1.3	-2.32-0.1	-2.24-2.2	0.00
FCF Margin	N/A	N/A	N/A	-188.5%	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	100.0%0.0pp	100.0%	N/A	100.0%0.0pp	100.0%0.0pp	100.0%	N/A
Operating Margin	N/A	-185526.1%-140696.7pp	-44829.4%	N/A	-35050.8%+7739.1pp	-42789.9%-31805.9pp	-10984.0%	N/A
Net Margin	N/A	-207203.6%-145500.8pp	-61702.8%	N/A	-23962.6%+25776.4pp	-49739.0%-41980.2pp	-7758.8%	N/A
Return on Equity	N/A	25.0%+17.8pp	7.1%	N/A	3.5%-3.6pp	7.1%	N/A	N/A
Return on Assets	-86.1%+108.2pp	-194.2%-134.7pp	-59.6%+42.7pp	-102.3%-94.7pp	-7.6%+8.9pp	-16.5%-6.5pp	-10.0%	N/A
Current Ratio	0.02-0.0	0.05+0.0	0.03+0.0	0.02-0.1	0.10-0.0	0.13-0.0	0.14-0.0	0.16
Debt-to-Equity	-1.10+0.0	-1.130.0	-1.120.0	-1.12+0.3	-1.46-0.0	-1.43-0.0	-1.42-0.2	-1.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$12.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Laredo Oil's annual revenue?

Laredo Oil (LRDC) reported $9K in total revenue for fiscal year 2025. This represents a -74.2% 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 Laredo Oil's revenue growing?

Laredo Oil (LRDC) revenue declined by 74.2% year-over-year, from $36K to $9K in fiscal year 2025.

Is Laredo Oil profitable?

No, Laredo Oil (LRDC) reported a net income of -$3.2M in fiscal year 2025, with a net profit margin of -33767.1%.

What is Laredo Oil's EBITDA?

Laredo Oil (LRDC) had EBITDA of -$3.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Laredo Oil's gross margin?

Laredo Oil (LRDC) had a gross margin of 100.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Laredo Oil's operating margin?

Laredo Oil (LRDC) had an operating margin of -35258.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Laredo Oil's net profit margin?

Laredo Oil (LRDC) had a net profit margin of -33767.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Laredo Oil's operating cash flow?

Laredo Oil (LRDC) generated -$1.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Laredo Oil's total assets?

Laredo Oil (LRDC) had $1.4M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Laredo Oil have outstanding?

Laredo Oil (LRDC) had 75M shares outstanding as of fiscal year 2025.

What is Laredo Oil's current ratio?

Laredo Oil (LRDC) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Laredo Oil's debt-to-equity ratio?

Laredo Oil (LRDC) had a debt-to-equity ratio of -1.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Laredo Oil's return on assets (ROA)?

Laredo Oil (LRDC) had a return on assets of -219.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Laredo Oil's cash runway?

Based on fiscal year 2025 data, Laredo Oil (LRDC) had $63K in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 0 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.

Why is Laredo Oil's debt-to-equity ratio negative or unusual?

Laredo Oil (LRDC) has negative shareholder equity of -$12.6M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Laredo Oil's Piotroski F-Score?

Laredo Oil (LRDC) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Laredo Oil's earnings high quality?

Laredo Oil (LRDC) has an earnings quality ratio of 0.52x, 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.

Can Laredo Oil cover its interest payments?

Laredo Oil (LRDC) has an interest coverage ratio of -6.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Laredo Oil?

Laredo Oil (LRDC) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.