Friday 6 November 2026 Export LGO’s income statement to Excel — free account

Largo Inc.

LGO Basic Materials Other Industrial Metals & Mining

Largo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $109.9 million, down 12.0% from fiscal 2024.

Revenue: +68.5%
EPS: −133.3%
Free cash flow: −714.6%
Total debt: +20.2%

Quarter to June 2026, against a year earlier

0.32 0.01 −3.03%

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Market cap: $37.1M
P/E: 0.0×
Fwd P/E: −0.9×
Dividend yield: —
F-score: 2/9
Altman Z: −1.04
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 27.53%

Capital & Financial Ratios $m

Size

Market Cap 37.14

Revenue ttm 127.06

Net income ttm (81.25)

Free cash flow ttm (53.22)

Net debt Q 108.76

Valuation

P/E 0.00

Forward P/E (0.92)

Price / sales 0.26

Forward P/S Powerpack

Price / FCF 0.00

Price / book 0.24

Financial health

Current ratio Q 0.54

Debt / equity Q 0.82

Interest coverage Q (2.44)

Growth

Revenue growth Q +68.47%

Operating income growth Q −23.69%

EPS, this year +63.86%

EPS, next year A +31.51%

Revenue, next year A +41.64%

EPS, past 5 yrs —

EPS, next 5 yrs A +41.71%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.05%

10-year low 10-year high

P/B against its own 10 years 0.04%

10-year low 10-year high

EV/Sales against its own 10 years 17.52%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	43	23	10	5
Receivables	26	10	11	14
Inventory	62	48	50	58
Other	—	—	—	—
	137	93	78	91

	2023	2024	2025	Q'26
Payables	31	31	43	46
ST’ Debt	—	75	107	114
Other	7	3	1	4
	42	114	154	170

Compound Annual Growth %

	10y	5y	3y
Sales	—	(2.01%)	(21.74%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	(11.19%)	(20.77%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2023 Estimate −0.22 Actual −0.09

−0.28 −0.19 −0.10 −0.01 0.08

Sep 2022 Met 0.00

Dec 2022 Miss −0.15

Mar 2023 Miss −0.06

Jun 2023 Beat +0.13

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Sep 2022	−0.04	−0.04	Met by 0.00
Dec 2022	−0.09	−0.24	Miss by 0.15
Mar 2023	0.04	−0.02	Miss by 0.06
Jun 2023	−0.22	−0.09	Beat by 0.13

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.07)	(0.21)	—	—	—
’25	(0.14)	(0.09)	(0.57)	(0.22)	(1.01)
’24	(0.20)	(0.23)	(0.16)	(0.19)	(0.78)
’23	(0.02)	(0.09)	(0.19)	(0.21)	(0.51)
’22	(0.03)	0.28	(0.04)	(0.24)	(0.03)
’21	0.07	0.13	0.14	0.01	0.35
’20	0.07	(0.12)	0.04	0.12	0.11

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	28	44	—	—	—
’25	28	26	33	22	110
’24	42	29	30	24	125
’23	57	53	44	44	199
’22	43	85	54	48	229
’21	40	54	54	50	198
’20	42	10	27	42	122

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(7)	—	—	—
’25	(6)	7	1	(13)	(10)
’24	15	(6)	(5)	8	11
’23	5	18	(8)	6	21
’22	(4)	3	10	(5)	3
’21	2	19	16	3	40
’20	(1)	(64)	0	5	(60)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(17)	(15)	—	—	—
’25	(14)	(2)	(7)	(14)	(38)
’24	5	(18)	(13)	(5)	(31)
’23	(18)	14	(33)	(4)	(42)
’22	(8)	(8)	(3)	(37)	(57)
’21	(7)	14	9	(4)	12
’20	(4)	(69)	(4)	0	(78)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	61	129	402	104	122	198	229	199	125	110	127		+6.7%	156	179	204	+22.9%
	Gross margin, %	(39.32)	28.21	73.97	10.41	27.32	32.92	25.97	12.04	(16.73)	(20.71)	(12.25)		+18.6 pt	Powerpack Largo Inc.’s next three years, line by line Analysts expect revenue to grow 22.9% a year to 2028 — faster than the 6.7% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(42)	(7)	249	(23)	8	32	4	(35)	(71)	(52)	(54)		+2.3%
	EBT margin, %	(68.48)	(5.39)	61.88	(22.65)	6.35	16.02	1.76	(17.64)	(57.03)	(47.03)	(42.11)		+21.4 pt
	Net income	(42)	(8)	244	(27)	7	23	(2)	(32)	(51)	(69)	(81)		+5.6%
Per share, $
Per share, $	Revenue	0.16	0.28	0.77	1.94	2.16	3.10	3.56	3.10	1.95	1.62	1.23		+29.5%
	Earnings	(0.11)	(0.02)	0.47	(0.50)	0.12	0.35	(0.03)	(0.51)	(0.78)	(1.01)	(1.07)		+27.9%
	Cash flow	(0.03)	0.10	0.52	1.96	(1.06)	0.62	0.05	0.33	0.17	(0.15)	(0.27)		+19.2%
	Capex	(0.03)	(0.03)	(0.03)	(0.71)	(0.32)	(0.43)	(0.93)	(0.98)	(0.66)	(0.40)	(0.24)		+33.3%
	Free cash flow	(0.06)	0.06	0.49	1.25	(1.38)	0.19	(0.88)	(0.65)	(0.48)	(0.56)	(0.52)		+27.7%
	Book value	0.05	0.12	0.58	5.09	4.38	4.15	4.26	3.99	2.67	2.01	1.35		+50.0%
	Shares, m	387	468	522	53	56	64	64	64	64	68	81		(17.6%)
Valuation, ×
Valuation, ×	P/E	118.73	118.73	118.73	0.00	93.56	26.46	0.00	0.00	0.00	0.00	0.00		47.6
	P/S	0.00	0.00	0.00	35.26	5.12	2.99	1.53	0.73	0.88	0.58	0.26		4.7
	P/B	67.11	149.48	35.12	15.14	2.52	2.23	1.27	0.57	0.64	0.47	0.24		27.5
	EV/Sales	0.00	0.00	0.00	36.05	5.74	2.65	1.47	0.93	1.44	1.55	1.19		5.0
	EV/FCF	0.00	0.00	0.00	62.87	(9.00)	42.48	(5.94)	(4.44)	(5.75)	(4.50)	(2.84)		7.6
Cash, $m
Cash, $m	Operating cash flow	(12)	45	272	105	(60)	40	3	21	11	(10)	(28)		(1.8%)
	Capex	(12)	(15)	(15)	(38)	(18)	(27)	(60)	(63)	(42)	(27)	(25)		+9.9%
	Free cash flow	(24)	30	257	67	(78)	12	(57)	(42)	(31)	(38)	(53)		+5.2%
Balance, $m
Balance, $m	Working capital	(47)	(26)	104	78	93	118	115	95	(21)	(76)	(79)		+5.5%
	Net debt	206	140	(69)	(128)	(54)	(67)	(13)	32	70	97	109		(8.1%)
	Shareholders’ equity	20	57	303	272	247	266	275	256	171	137	139		+23.6%
Returns, %
Returns, %	ROA	(14.90)	(2.90)	68.38	(6.88)	2.06	7.38	(0.43)	(8.23)	(14.23)	(21.50)	(23.90)		(6.6) pt
	ROIC	(9.43)	8.23	74.28	(3.76)	5.51	10.04	0.70	(4.86)	(12.89)	(12.52)	(10.28)		(3.1) pt
	ROE	(105.36)	(20.70)	135.29	(9.38)	2.60	8.80	(0.54)	(11.44)	(23.34)	(44.52)	(53.17)		+60.8 pt
People
People	Employees	—	—	1,232	—	436	478	479	533	500	500	—		(12.1%)
	Revenue/emp, $m	0.00	0.00	0.33	0.00	0.28	0.41	0.48	0.37	0.25	0.22	—		n/m

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
USGO U.S. GoldMining Inc.	$69.9M	— (loss-making)	—	—	n/m	−294.01% (below 0%: shrinking)	0.00%	0.00%	Compare
ATLX Atlas Lithium Corporation	$50.6M	— (loss-making)	— (loss-making)	−33.80% (below 0%: shrinking)	n/m	−38.67% (below 0%: shrinking)	97.29%	0.00%	Compare
WWR Westwater Resources, Inc.	$48.8M	— (loss-making)	—	—	n/m	+23.54% (above 0%: growing)	0.00%	0.00%	Compare
ELBM Electra Battery Materials Corporation	$43.7M	— (loss-making)	—	—	n/m	−57.28% (below 0%: shrinking)	0.00%	0.00%	Compare
XPL Solitario Resources Corp.	$43.6M	— (loss-making)	— (loss-making)	+104.00% (above 0%: growing)	n/m	−71.23% (below 0%: shrinking)	0.00%	0.00%	Compare
NEXM NexMetals Mining Corp.	$42.8M	— (loss-making)	—	—	n/m	+48.49% (above 0%: growing)	—	0.00%	Compare
LGO Largo Inc.	$37.1M	— (loss-making)	— (loss-making)	+68.47% (above 0%: growing)	n/m	−714.62% (below 0%: shrinking)	(9.16%)	(21.67%)
OMEX Odyssey Marine Exploration, Inc.	$26.0M	— (loss-making)	— (loss-making)	+78.52% (above 0%: growing)	n/m	−185.97% (below 0%: shrinking)	100.00%	(4,006.24%)	Compare
FNUC Snow Lake Resources Ltd.	$23.0M	— (loss-making)	—	—	n/m	−129.62% (below 0%: shrinking)	—	0.00%	Compare
Median of peers	$43.6M	—	—	+78.52%	—	−64.25%	0.00%	0.00%

All 56 Other Industrial Metals & Mining stocks →

Largo Inc. (LGO) Latest News

30 Oct

Impact 3 · 10:16 AM · InvestorsHub

Largo Begins Copper, Gold and PGM Production in Q3 2026, Revises Vanadium Guidance

Impact 3 · 6:51 AM · TMX Newsfile

Largo Reports Q3 2026 Production and Sales Results Reflecting Vanadium Diversification with First Production of Copper, Gold and Platinum Group Metals; Advances Commercial Bank Debt Restructuring

8 Oct

Impact 4 · 6:38 AM · TMX Newsfile

Largo Receives Environmental Permit for GAN Open Pit Vanadium-Copper-Gold-PGM Mine Development

2 Oct

Impact 4 · 7:53 PM · GlobeNewswire

ARCF IV Participates in US$5.7 million Registered Direct Offering

29 Sep

Impact 3 · 5:01 PM · TMX Newsfile

Largo Announces Closing of US$5.7 Million Registered Direct Offering

25 Sep

Impact 3 · 8:00 AM · CNW Group

LARGO ANNOUNCES PRICING OF US$5.7 MILLION REGISTERED DIRECT OFFERING

23 Sep

Impact 4 · 8:18 AM · TMX Newsfile

Largo Announces Strategic Focus on Higher-Margin Products; Provides Update on Copper-Platinum Group Metal Margins and Potential Expansion; and Further Advances Debt Restructuring

14 Sep

Impact 4 · 9:29 AM · InvestorsHub

Largo Restructures Debt and Begins Copper-PGM Concentrate Sales

Impact 3 · 6:59 AM

Largo Provides Financial, Operational and Commercial Updates

21 Aug

Impact 3 · 10:03 AM · MarketBeat

Largo Q2 Earnings Call Highlights

20 Aug

Impact 4 · 4:15 PM

Largo Secures US$82.2 Million Debt Restructuring, Extending Maturity to 2030

14 Aug

Impact 4 · 4:42 PM

Largo Reports Q2 2026 Financial Results Reflecting 68% Revenue Growth and Positive Adjusted EBITDA, Despite Raw Material Input Cost Pressures; and Provides Guidance for New Copper-Platinum Group Metals Production

10 Aug

Impact 4 · 7:55 AM

Largo Starts Production of Copper and Platinum Group Metals as By-Products of Vanadium Operations Following Mining Agency Approval

6 Aug

Impact 3 · 8:15 AM

Largo Announces Senior Leadership Transition with Appointment of James Bannantine as Co-CEO Bringing Experience in Mining Turnarounds, Energy and U.S. Government Relationships

23 Jul

Impact 4 · 7:58 AM

Largo Reports Strong Q2 2026 Production and Sales Growth and Highlights Strengthened U.S. Market Position

7 Jul

Impact 4 · 4:05 PM

Largo Secures US$60.1 Million Delivery Order from the U.S. Department of War Under Five-Year U.S. Defense Logistics Agency Contract

30 Jun

Impact 4 · 7:56 PM

Largo Awarded a Five-Year U.S. Department of Defense Contract to Supply High-Purity Vanadium Pentoxide with Fixed-Price Delivery Orders to Support the U.S. National Defense Stockpile

27 May

Impact 4 · 5:37 PM · TMX Newsfile

Largo Announces Plans to Evaluate Strategic Alternatives to Maximize Value of Its Tungsten Assets in Canada and Brazil

14 May

Impact 3 · 10:08 AM · TMX Newsfile

Largo Reports Q1 2026 Financial Results Reflecting Strong Operating Performance at Maracás Menchen Mine and the Impact of High U.S. Import Tariffs on Brazilian Products in Early 2026

14 Apr

Impact 4 · 6:53 PM · TMX Newsfile

Largo Reports Strong Production and Sales in Q1 2026; Files Request for Authorization to Produce and Sell Copper, Platinum Group Metals, Nickel and Cobalt as By-Products of Vanadium Operations; and Announces Sole Chief Operating Officer and General Counsel Promotion

7 Apr

Impact 4 · 3:20 PM · Insider Monkey

How Tariff Disruption Hit Largo’s (LGO) Vanadium Sales in Late 2025

1 Apr

Impact 4 · 9:13 AM · TMX Newsfile

Largo Reports Fourth Quarter and Full Year 2025 Financial Results Reflecting the Impact of U.S. Tariffs on Q4 2025 Sales; Stronger Operating Momentum with Further Positive Copper-Platinum Group Metals Flotation Test Results and Benefit from Recent U.S. Tariff Relief Entering 2026

23 Feb

Impact 4 · 8:13 AM · TMX Newsfile

Largo Terminates Previously Announced Iron Ore Calcine Commercial Agreement, Advancing Discussions with Alternative Potential Buyers, and Provides Tariffs and Vanadium Markets Update

12 Feb

Impact 4 · 6:11 AM · TMX Newsfile

Largo Provides Update on Status of Iron Ore Calcine Commercial Transaction and Strengthening U.S. and E.U. Ferrovanadium Markets

10 Feb

Impact 4 · 10:14 PM · Simply Wall St.

Largo (TSX:LGO) Is Up 30.1% After Upbeat 2026 V2O5 Output Guidance From Maracás Menchen

7 Feb

Impact 3 · 8:34 AM

Largo Insiders May Regret Not Buying More, Market Cap Hits CA$140m

5 Feb

Impact 4 · 6:22 PM · TMX Newsfile

Largo Reports Q4 and Full Year 2025 Operational and Sales Results; Provides 2026 Outlook and Vanadium Guidance; Reports Positive Precious Metals Results on Recent Copper Flotation Tests.

20 Jan

Impact 4 · 8:00 AM · Business Wire

Largo Signs Definitive Agreement for US$56 Million Sale of Iron Ore Calcine as Previously Announced

12 Jan

Impact 3 · 8:00 AM · Business WireMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

Largo Announces Copper Mineralization Studies Across its Maracás Menchen Vanadium Deposits; Extends US$6 Million Secured Loan

8 Jan

Impact 3 · 8:00 AM · Business Wire

Largo Announces US$60 Million At-The-Market Equity Offering Program

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

Largo Inc. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier

Largo Inc. (LGO) Latest News

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