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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%
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 (below 1: weak)
Debt/Equity 0.82
P/E ratio 0.00
Fwd P/E (3.73) (negative: loss-making)
P/S ratio 0.37
P/B ratio 0.33
Past 5Y EPS Growth —
This Y EPS Growth 73.27% (at or above 15%: strong)
Next Y EPS Growth 7.41%
Next Y revenue growth 38.67% (at or above 10%: strong)
Next 5Y EPS Growth 41.71% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.7×; over the ten years it ranged from 0.7× in 2024 to 37.4× in 2020.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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

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.

Largo Inc. (LGO) Latest News

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stockrow.com/LGO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com