Saturday 17 October 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. In the quarter to June 2026, revenue grew 68.5%, EPS fell 133.3%, free cash flow fell 714.6% and total debt rose 20.2%, each against the same quarter a year earlier.

0.45 0.02 +4.65%

Follow LGO

Alert me

Market cap: $49.5M
P/E: 0.0×
Fwd P/E: −3.7×
Dividend yield: —
F-score: 2/9
Altman Z: −1.04
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 27.55%

Capital & Financial Ratios $m

Market Cap 49.54

Revenue 127.06

Net Income (81.25)

Free Cash Flow (53.22)

Net Debt 108.76

Current Ratio 0.54

Debt/Equity 0.82

P/E ratio 0.00

Fwd P/E (3.73)

P/S ratio 0.37

P/B ratio 0.33

Past 5Y EPS Growth —

This Y EPS Growth 73.27%

Next Y EPS Growth 7.41%

Next Y revenue growth 39.64%

Next 5Y EPS Growth 41.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.26%

10-year low 10-year high

P/B against its own 10 years 0.20%

10-year low 10-year high

EV/Sales against its own 10 years 21.50%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

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%)

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.80	2.60	8.40	6.20	4.00	7.86	4.75	1.86	1.38	0.85	Analyst estimates 2026–2028 Powerpack
	High	5.60	10.80	35.60	24.60	12.80	18.71	14.27	7.06	2.84	2.70
People
People	Employees	—	—	1,232	—	436	478	479	533	500	500
	Revenue/emp, $m	0.00	0.00	0.33	0.00	0.28	0.41	0.48	0.37	0.25	0.22
Income, $m
Income, $m	Revenue	61	129	402	104	122	198	229	199	125	110
	Gross margin, %	(39.32)	28.21	73.97	10.41	27.32	32.92	25.97	12.04	(16.73)	(20.71)
	EBT	(42)	(7)	249	(23)	8	32	4	(35)	(71)	(52)
	EBT margin, %	(68.48)	(5.39)	61.88	(22.65)	6.35	16.02	1.76	(17.64)	(57.03)	(47.03)
	Net income	(42)	(8)	244	(27)	7	23	(2)	(32)	(51)	(69)
	Depreciation	25	26	24	24	18	23	23	29	29	22
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
	Earnings	(0.11)	(0.02)	0.47	(0.50)	0.12	0.35	(0.03)	(0.51)	(0.78)	(1.01)
	Cash flow	(0.03)	0.10	0.52	1.96	(1.06)	0.62	0.05	0.33	0.17	(0.15)
	Capex	(0.03)	(0.03)	(0.03)	(0.71)	(0.32)	(0.43)	(0.93)	(0.98)	(0.66)	(0.40)
	Free cash flow	(0.06)	0.06	0.49	1.25	(1.38)	0.19	(0.88)	(0.65)	(0.48)	(0.56)
	Book value	0.05	0.12	0.58	5.09	4.38	4.15	4.26	3.99	2.67	2.01
	Shares, m	387	468	522	53	56	64	64	64	64	68
Valuation, ×
Valuation, ×	P/E	118.73	118.73	118.73	0.00	93.14	26.46	0.00	0.00	0.00	0.00
	P/S	0.00	0.00	0.00	35.26	5.10	2.99	1.53	0.73	0.88	0.58
	P/B	67.11	149.48	35.12	15.14	2.51	2.23	1.27	0.57	0.64	0.47
	EV/Sales	0.00	0.00	0.00	36.05	5.72	2.65	1.47	0.93	1.44	1.55
	EV/FCF	0.00	0.00	0.00	62.87	(8.96)	42.48	(5.94)	(4.44)	(5.75)	(4.50)
Cash, $m
Cash, $m	Operating cash flow	(12)	45	272	105	(60)	40	3	21	11	(10)
	Capex	(12)	(15)	(15)	(38)	(18)	(27)	(60)	(63)	(42)	(27)
	Free cash flow	(24)	30	257	67	(78)	12	(57)	(42)	(31)	(38)
Balance, $m
Balance, $m	Working capital	(47)	(26)	104	78	93	118	115	95	(21)	(76)
	Total debt	209	186	91	—	25	17	41	76	92	107
	Net debt	206	140	(69)	(128)	(54)	(67)	(13)	32	70	97
	Shareholders’ equity	20	57	303	272	247	266	275	256	171	137
Returns, %
Returns, %	ROA	(14.90)	(2.90)	68.38	(6.88)	2.06	7.38	(0.43)	(8.23)	(14.23)	(21.50)
	ROIC	(9.43)	8.23	74.28	(3.76)	5.51	10.04	0.70	(4.86)	(12.89)	(12.52)
	ROE	(105.36)	(20.70)	135.29	(9.38)	2.60	8.80	(0.54)	(11.44)	(23.34)	(44.52)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ATLX Atlas Lithium Corporation	$69.2M	— (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.	$54.5M	— (loss-making)	—	—	n/m	+23.54% (above 0%: growing)	0.00%	0.00%	Compare
NEXM NexMetals Mining Corp.	$52.4M	— (loss-making)	—	—	n/m	+48.49% (above 0%: growing)	—	0.00%	Compare
ELBM Electra Battery Materials Corporation	$49.7M	— (loss-making)	—	—	n/m	−57.28% (below 0%: shrinking)	0.00%	0.00%	Compare
LGO Largo Inc.	$49.5M	— (loss-making)	— (loss-making)	+68.47% (above 0%: growing)	n/m	−714.62% (below 0%: shrinking)	(9.16%)	(21.67%)
XPL Solitario Resources Corp.	$48.8M	— (loss-making)	— (loss-making)	+104.00% (above 0%: growing)	n/m	−71.23% (below 0%: shrinking)	0.00%	0.00%	Compare
GRFXY Graphex Group Limited Sponsored ADR	$45.1M	— (loss-making)	—	−17.91% (below 0%: shrinking)	n/m	−155.11% (below 0%: shrinking)	33.07%	0.00%	Compare
OMEX Odyssey Marine Exploration, Inc.	$37.6M	— (loss-making)	— (loss-making)	−42.30% (below 0%: shrinking)	n/m	−136.14% (below 0%: shrinking)	100.00%	(9,869.58%)	Compare
FNUC Snow Lake Resources Ltd.	$33.7M	— (loss-making)	—	—	n/m	−129.62% (below 0%: shrinking)	—	0.00%	Compare
Median of peers	$49.3M	—	—	−25.85%	—	−64.25%	16.54%	0.00%

All 46 Other Industrial Metals & Mining stocks →

Largo Inc. (LGO) key facts

Concern: Largo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $109.9 million, down 12.0% from fiscal 2024.
Largo Inc. (LGO) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, LGO traded at $0.45, a market capitalization of $49.5 million.
Return on equity was −44.5% and debt-to-equity 0.82.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −1.04 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.