Piedmont Lithium Inc Financials
Piedmont Lithium Inc (PLL) reported $105.1M in revenue over the twelve months to Jun 30, 2025. 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).
Piedmont Lithium is still turning higher sales into larger cash needs rather than a self-funding operating base.
Free cash flow remained-$53.6M in FY2024 even after capital spending fell to$10.7M , so cash use was no longer mainly a project-build story. That shift matches operating cash flow of-$42.9M and receivables rising to$5.6M , which suggests the newer revenue base is absorbing working capital instead of supplying it.
FY2024 revenue reached
The balance sheet is still equity-funded: cash of
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Piedmont Lithium Inc'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.
Piedmont Lithium Inc has an operating margin of -55.7%, meaning the company loses $56 on every $100 of revenue. This results in a profitability score of 27/100. This is up from -98.9% the prior year.
Piedmont Lithium Inc's revenue surged 150.8% year-over-year to $99.9M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
Piedmont Lithium Inc carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Piedmont Lithium Inc's current ratio of 2.23 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
Piedmont Lithium Inc's operations used $42.9M of cash, and capex of $10.7M added to the outflow, for a free cash flow shortfall of $53.6M. This results in a cash flow score of 7/100.
Piedmont Lithium Inc posts a -21.7% return on equity (ROE), meaning it loses $22 for every $100 of shareholders' equity. This results in a returns score of 35/100. This is down from -6.6% the prior year.
Piedmont Lithium Inc scores 1.04, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($159.1M) relative to total liabilities ($51.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Piedmont Lithium Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Piedmont Lithium Inc reported a net loss of $64.8M while operations used $42.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Piedmont Lithium Inc reported an operating loss of $55.7M against $1.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Piedmont Lithium Inc generated $99.9M in revenue in fiscal year 2024. This represents an increase of 150.8% from the prior year.
Piedmont Lithium Inc's EBITDA was -$55.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 41.7% from the prior year.
Piedmont Lithium Inc reported -$64.8M in net income in fiscal year 2024. This represents a decrease of 197.4% from the prior year.
Piedmont Lithium Inc earned -$3.30 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 189.5% from the prior year.
Cash & Balance Sheet
Piedmont Lithium Inc recorded an outflow of $53.6M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 2.8% from the prior year.
Piedmont Lithium Inc held $87.8M in cash against $3.7M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Piedmont Lithium Inc's gross margin was 10.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Piedmont Lithium Inc's operating margin was -55.7% in fiscal year 2024, reflecting core business profitability. This is up 43.1 percentage points from the prior year.
Piedmont Lithium Inc's net profit margin was -64.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10.1 percentage points from the prior year.
Piedmont Lithium Inc's ROE was -21.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 15.2 percentage points from the prior year.
Capital Allocation
Piedmont Lithium Inc invested $10.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.2% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
PLL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9M-40.7% | $20.0M-56.1% | $45.6M+64.8% | $27.7M+109.1% | $13.2M-1.3% | $13.4M | N/A | $47.1M |
| Cost of Revenue | $13.5M-32.1% | $19.9M-48.8% | $38.8M+55.0% | $25.0M+98.5% | $12.6M-0.9% | $12.7M | N/A | $23.4M |
| Gross Profit | -$1.6M-1317.9% | $134K-98.0% | $6.8M+157.3% | $2.7M+323.8% | $626K-9.4% | $691K | N/A | $23.8M |
| SG&A Expenses | $6.4M-5.1% | $6.8M-44.2% | $12.1M+28.1% | $9.5M+5.0% | $9.0M+11.4% | $8.1M | N/A | $11.2M |
| Operating Income | -$9.6M+19.0% | -$11.9M+4.8% | -$12.5M+16.6% | -$14.9M-9.6% | -$13.6M+7.2% | -$14.7M | N/A | $16.0M |
| Interest Expense | $532K-5.2% | $561K+4.7% | $536K+217.2% | $169K+122.4% | $76K-65.8% | $222K | N/A | $8K |
| Income Tax | $0 | $0+100.0% | -$37K | $0+100.0% | -$2K+99.9% | -$3.1M | N/A | $2.0M |
| Net Income | -$9.7M+37.7% | -$15.6M-40.4% | -$11.1M+33.3% | -$16.7M-25.2% | -$13.3M+43.5% | -$23.6M | N/A | $22.9M |
| EPS (Diluted) | -$0.44+38.0% | -$0.71-34.0% | -$0.53+38.4% | -$0.86-24.6% | -$0.69+43.4% | -$1.22+8.3% | -$1.33-211.8% | $1.19 |
Not reported in any period shown, so not listed: R&D Expenses.
PLL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $318.5M-2.6% | $327.0M-6.5% | $349.9M+6.3% | $329.2M-3.1% | $339.6M+1.3% | $335.2M-12.1% | $381.3M-4.1% | $397.4M |
| Current Assets | $65.3M-20.8% | $82.5M-19.6% | $102.6M+39.4% | $73.7M-12.0% | $83.7M-2.7% | $86.0M+13.0% | $76.2M-37.7% | $122.2M |
| Cash & Equivalents | $56.1M-14.2% | $65.4M-25.6% | $87.8M+36.5% | $64.4M+9.1% | $59.0M-17.4% | $71.4M-0.4% | $71.7M-24.1% | $94.5M |
| Accounts Receivable | $4.1M-65.4% | $11.9M+111.3% | $5.6M+420.2% | $1.1M-91.9% | $13.3M+213.6% | $4.2M+613.8% | $595K-97.4% | $23.3M |
| Total Liabilities | $40.9M-6.4% | $43.7M-15.4% | $51.6M+20.0% | $43.0M+7.5% | $40.0M+65.8% | $24.1M-50.7% | $48.9M-0.8% | $49.3M |
| Current Liabilities | $36.1M-6.0% | $38.4M-16.7% | $46.1M+24.5% | $37.0M+2.8% | $36.0M+91.5% | $18.8M-54.5% | $41.4M-3.5% | $42.9M |
| Long-Term Debt | $3.0M-13.4% | $3.4M-6.4% | $3.7M-10.7% | $4.1M+97.8% | $2.1M+913.2% | $204K+1357.1% | $14K-68.2% | $44K |
| Total Equity | $277.6M-2.0% | $283.3M-5.0% | $298.2M+4.2% | $286.2M-4.5% | $299.6M-3.7% | $311.1M-6.4% | $332.3M-4.5% | $348.1M |
| Retained Earnings | -$217.0M-4.7% | -$207.2M-8.2% | -$191.6M-6.2% | -$180.5M-10.2% | -$163.8M-8.9% | -$150.5M-18.6% | -$126.8M-24.3% | -$102.0M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
PLL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M+88.7% | -$19.2M-197.9% | -$6.4M+16.5% | -$7.7M-1576.7% | -$459K+98.4% | -$28.3M-638.9% | -$3.8M-115.3% | $25.1M |
| Capital Expenditures | $280K-79.5% | $1.4M+1279.8% | $99K-94.9% | $2.0M-38.8% | $3.2M-41.2% | $5.4M-53.8% | $11.7M-27.9% | $16.3M |
| Free Cash Flow | -$2.5M+88.0% | -$20.5M-214.3% | -$6.5M+32.4% | -$9.7M-164.2% | -$3.7M+89.2% | -$33.8M-116.7% | -$15.6M-276.9% | $8.8M |
| Investing Cash Flow | -$6.8M-193.1% | -$2.3M-283.3% | -$603K+85.1% | -$4.1M+64.3% | -$11.4M-139.6% | $28.7M+252.2% | -$18.9M-0.2% | -$18.8M |
| Financing Cash Flow | -$369K+62.5% | -$984K-103.2% | $30.5M+78.1% | $17.1M+2752.0% | -$646K+2.0% | -$659K-703.7% | -$82K+84.4% | -$527K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PLL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -13.8%-14.4pp | 0.7%-14.3pp | 15.0%+5.4pp | 9.6%+4.9pp | 4.7%-0.4pp | 5.2% | N/A | 50.4% |
| Operating Margin | -80.9%-21.7pp | -59.3%-32.0pp | -27.3%+26.6pp | -53.9% | -103.0% | -109.5% | N/A | 33.9% |
| Net Margin | -82.1%-4.0pp | -78.2%-53.8pp | -24.4%+35.9pp | -60.3% | -100.8% | -176.2% | N/A | 48.6% |
| Return on Equity | -3.5%+2.0pp | -5.5%-1.8pp | -3.7%+2.1pp | -5.8%-1.4pp | -4.5%+3.1pp | -7.6% | N/A | 6.6% |
| Return on Assets | -3.1%+1.7pp | -4.8%-1.6pp | -3.2%+1.9pp | -5.1%-1.1pp | -3.9%+3.1pp | -7.0% | N/A | 5.8% |
| Current Ratio | 1.81-0.3x | 2.15-0.1x | 2.23+0.2x | 1.99-0.3x | 2.32-2.3x | 4.57+2.7x | 1.84-1.0x | 2.85 |
| Debt-to-Equity | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.000.0x | 0.000.0x | 0.00 |
| FCF Margin | -20.7% | -102.6% | -14.3%+20.6pp | -34.9%-7.3pp | -27.6% | -251.8% | N/A | 18.7% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Piedmont Lithium Inc Ranks
Frequently Asked Questions
What is Piedmont Lithium Inc's annual revenue?
Piedmont Lithium Inc (PLL) reported $99.9M in total revenue for fiscal year 2024. This represents a 150.8% 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 Piedmont Lithium Inc's revenue growing?
Piedmont Lithium Inc (PLL) revenue grew by 150.8% year-over-year, from $39.8M to $99.9M in fiscal year 2024.
Is Piedmont Lithium Inc profitable?
No, Piedmont Lithium Inc (PLL) reported a net income of -$64.8M in fiscal year 2024, with a net profit margin of -64.8%.
What is Piedmont Lithium Inc's EBITDA?
Piedmont Lithium Inc (PLL) had EBITDA of -$55.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Piedmont Lithium Inc have?
As of fiscal year 2024, Piedmont Lithium Inc (PLL) had $87.8M in cash and equivalents against $3.7M in long-term debt.
What is Piedmont Lithium Inc's gross margin?
Piedmont Lithium Inc (PLL) had a gross margin of 10.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Piedmont Lithium Inc's operating margin?
Piedmont Lithium Inc (PLL) had an operating margin of -55.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Piedmont Lithium Inc's net profit margin?
Piedmont Lithium Inc (PLL) had a net profit margin of -64.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Piedmont Lithium Inc's return on equity (ROE)?
Piedmont Lithium Inc (PLL) has a return on equity of -21.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Piedmont Lithium Inc's free cash flow?
Piedmont Lithium Inc (PLL) recorded an outflow of $53.6M in free cash flow during fiscal year 2024. This represents a 2.8% 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 Piedmont Lithium Inc's operating cash flow?
Piedmont Lithium Inc (PLL) recorded an outflow of $42.9M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Piedmont Lithium Inc's total assets?
Piedmont Lithium Inc (PLL) had $349.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Piedmont Lithium Inc's capital expenditures?
Piedmont Lithium Inc (PLL) invested $10.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Piedmont Lithium Inc's current ratio?
Piedmont Lithium Inc (PLL) had a current ratio of 2.23 as of fiscal year 2024, which is generally considered healthy.
What is Piedmont Lithium Inc's debt-to-equity ratio?
Piedmont Lithium Inc (PLL) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Piedmont Lithium Inc's return on assets (ROA)?
Piedmont Lithium Inc (PLL) had a return on assets of -18.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does Piedmont Lithium Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, Piedmont Lithium Inc (PLL) held $94.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $42.9M over that year. Dividing the one by the other, the reported balance equals about 26 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Piedmont Lithium Inc's Altman Z-Score?
Piedmont Lithium Inc (PLL) has an Altman Z-Score of 1.04, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Piedmont Lithium Inc's Piotroski F-Score?
Piedmont Lithium Inc (PLL) has a Piotroski F-Score of 3 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 Piedmont Lithium Inc's earnings high quality?
Piedmont Lithium Inc (PLL) reported a net loss of $64.8M while operations used $42.9M 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.
Can Piedmont Lithium Inc cover its interest payments?
Piedmont Lithium Inc (PLL) reported an operating loss of $55.7M against $1.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Piedmont Lithium Inc?
Piedmont Lithium Inc (PLL) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.