Every 10-Q that Lithium Americas Corp. (LAC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LAC filings page.
Lithium Americas Corp. reports a return to profitability while aggressively building out the Thacker Pass lithium project. For the six months ended June 30, 2026, net income was $6.3 million versus a loss of $24.8 million a year earlier, driven largely by $20.0 million of gains on the Orion convertible derivative and a $9.9 million gain on the DOE-related JV warrant, partly offset by higher general and administrative expenses.
Cash and restricted cash rose to $1.28 billion, supported by $1.03 billion of net financing inflows, including $774.0 million of new DOE Loan advances and $258.2 million from equity offerings. Total assets increased to $3.54 billion, with $2.09 billion invested in mineral properties, plant and equipment, mainly Thacker Pass.
Thacker Pass Phase 1 construction is advancing, with $1.62 billion of the planned $2.93 billion Capex already capitalized and 2026 Capex guidance of $1.3–$1.6 billion. Debt also increased: the DOE Loan balance reached $988.0 million, and Orion convertible debt and production payment liabilities totaled $202.0 million. The company continues to fund development through DOE project finance, convertible instruments, at-the-market equity sales and a new up to $175 million Yorkville convertible debenture agreement.
Lithium Americas Corp. reported Q1 2026 net income of $4.6 million, compared with a net loss of $11.5 million a year earlier. The improvement was driven mainly by a $14.3 million non-cash gain on the revaluation of the embedded derivative in its Orion convertible notes and a $5.4 million gain on the JV warrant, partly offset by higher general and administrative expenses of $11.1 million.
Cash and restricted cash rose to $1.21 billion as of March 31, 2026, from $905.6 million at year-end 2025, helped by a $432 million second advance under the U.S. DOE loan and $189.7 million of equity raised under an at-the-market program in the quarter. Mineral properties, plant and equipment, net, increased to $1.67 billion as construction at the Thacker Pass lithium project advanced.
The company capitalized $294.5 million of total Thacker Pass-related capex in Q1 2026 and has now invested $1.28 billion toward Phase 1, against a total Phase 1 capital estimate of $2.93 billion. For fiscal 2026, it targets total Thacker Pass Phase 1 capex of $1.3 billion to $1.6 billion and continues to aim for mechanical completion in late 2027.
Lithium Americas Corp. (LAC) filed its Q3 2025 report, posting a net loss of $199.2 million, largely driven by a $190.4 million loss on the fair value of the embedded conversion feature tied to Orion’s convertible notes. Cash and restricted cash were $385.6 million as of September 30, 2025.
Thacker Pass construction advanced: construction in progress reached $1.02 billion, with $145.9 million capitalized in the quarter and $720.0 million capitalized to date. The JV with GM (38%) remains consolidated, with non‑controlling interest at $420.6 million. Year‑to‑date financing provided $364.2 million, including proceeds from the Orion financing and an ATM program that raised $66.1 million through September 30.
After quarter‑end, LAC completed a $250 million ATM program for $246.4 million net, amended its DOE loan to $2.23 billion with $184 million of early debt service deferred and issued 5% equity and JV warrant commitments, and drew $435 million on the DOE loan. Orion converted $97.5 million of notes into 25.79 million shares. Common shares outstanding were 303,488,288 as of November 12, 2025.
Lithium Americas Corp. (LAC) reported progress toward commercializing the Thacker Pass project while continuing to operate as a pre-revenue developer. The company recorded a Q2 net loss of $13.25 million and a six-month net loss of $24.78 million, or $0.06 and $0.11 per share for the quarter and six months, respectively. Cash and restricted cash totaled $509.1 million at June 30, 2025, while total assets were $1.339 billion and total liabilities were $303.3 million. Mineral properties, plant and equipment rose to $810.1 million, reflecting capitalized Phase 1 construction activity.
The quarter included material financing and project milestones disclosed in the filing: a $220 million Orion investment (including $195 million of convertible notes and a $25 million production payment agreement), GM and LAC cash contributions at FID totaling $291.6 million to the JV, consolidation of the JV with GM holding a $419.5 million non-controlling interest, and an executed $2.26 billion DOE loan expected to be drawn beginning in H2 2025. Construction and procurement activity advanced with detailed engineering ~70% complete and targeted Phase 1 completion in late 2027.