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Stocks · Materials · Mining & Quarrying of Nonmetallic Minerals (No Fuels)

Largo Inc.

LGO Clue Score30
Ontario, Canada CIK 0001400438
$0.45 -4.56% Close, 12 Oct 2026
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Price $0.45 −95.83% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2020Revenue120.0Net income6.8EPS, diluted0.11Fiscal year 2021Revenue198.3 +65.3%Net income22.6 +233.8%EPS, diluted0.35 +218.2%Fiscal year 2022Revenue229.3 +15.6%Net income−1.5 −106.4%EPS, diluted−0.03 −108.6%Fiscal year 2023Revenue198.7 −13.3%Net income−30.3EPS, diluted−0.51Fiscal year 2024Revenue124.9 −37.1%Net income−49.8EPS, diluted−0.78Fiscal year 2025Revenue109.9 −12.0%Net income−68.5EPS, diluted−1.01
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 120.0 198.3 229.3 198.7 124.9 109.9
Growth +65.3% +15.6% −13.3% −37.1% −12.0%
Net income 6.8 22.6 −1.5 −30.3 −49.8 −68.5
Growth +233.8% −106.4%
EPS, diluted 0.11 0.35 −0.03 −0.51 −0.78 −1.01
Growth +218.2% −108.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2020Gross margin101.4%Net margin5.6%Free cash flow margin−64.7%Fiscal year 2021Gross margin100.0%Net margin11.4%Free cash flow margin6.2%Fiscal year 2022Net margin−0.6%Free cash flow margin−16.9%Fiscal year 2023Net margin−15.3%Free cash flow margin−16.3%Fiscal year 2024Net margin−39.9%Free cash flow margin−24.9%Fiscal year 2025Net margin−62.3%Free cash flow margin−34.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 101.4% 100.0% n/a n/a n/a n/a
Net margin 5.6% 11.4% −0.6% −15.3% −39.9% −62.3%
Free cash flow margin −64.7% 6.2% −16.9% −16.3% −24.9% −34.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−59.5Capital expenditure−18.1Free cash flow−77.6Fiscal year 2021Operating cash flow39.8Capital expenditure−27.4Free cash flow12.4Fiscal year 2022Operating cash flow3.5Capital expenditure−42.2Free cash flow−38.7 −412.9%Fiscal year 2023Operating cash flow21.2Capital expenditure−53.5Free cash flow−32.3Fiscal year 2024Operating cash flow11.2Capital expenditure−42.2Free cash flow−31.1Fiscal year 2025Operating cash flow−10.2Capital expenditure−27.4Free cash flow−37.7
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −59.5 39.8 3.5 21.2 11.2 −10.2
Capital expenditure −18.1 −27.4 −42.2 −53.5 −42.2 −27.4
Free cash flow −77.6 12.4 −38.7 −32.3 −31.1 −37.7
Growth −412.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2020Cash79.1Shareholders’ equity247.2Fiscal year 2021Cash83.8Total debt0.0Net cash (debt)83.8Shareholders’ equity265.7Debt to equity0.00Fiscal year 2022Cash54.5Total debt36.0Net cash (debt)18.5Shareholders’ equity265.4Debt to equity0.14Fiscal year 2023Cash42.7Total debt75.0Net cash (debt)−32.3Shareholders’ equity248.7Debt to equity0.30Fiscal year 2024Cash22.1Total debt17.5Net cash (debt)4.6Shareholders’ equity164.8Debt to equity0.11Fiscal year 2025Cash9.7Total debt0.0Net cash (debt)9.7Shareholders’ equity130.4Debt to equity0.00
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 79.1 83.8 54.5 42.7 22.1 9.7
Total debt n/a 0.0 36.0 75.0 17.5 0.0
Net cash (debt) n/a 83.8 18.5 −32.3 4.6 9.7
Shareholders’ equity 247.2 265.7 265.4 248.7 164.8 130.4
Debt to equity n/a 0.00 0.14 0.30 0.11 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
120.0 198.3 229.3 198.7 124.9 109.9
Growth +65.3% +15.6% −13.3% −37.1% −12.0%
48.9 75.1 94.5 103.5 68.5 52.6
121.6 198.3 n/a n/a n/a n/a
Growth +63.0%
0.0 3.8 12.7 6.1 3.4 0.7
3.3 6.4 14.3 11.8 5.4 8.3
7.7 31.8 4.0 −35.1 −71.2 −51.7
−1.0 9.2 6.3 −2.7 −20.7 17.1
6.8 22.6 −1.5 −30.3 −49.8 −68.5
Growth +233.8% −106.4%
Per share
0.12 0.35 −0.03 −0.51 −0.78 −1.01
0.11 0.35 −0.03 −0.51 −0.78 −1.01
Growth +218.2% −108.6%
56.4 64.0 64.4 64.0 64.1 67.8
61.4 65.0 64.4 64.0 64.1 67.8
Growth +6.0% −0.9% −0.6% +0.1% +5.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 1.7% a year over five years.
  • The diluted share count rose 10.5% in five years, which is dilution.
  • A net loss in 4 of 6 years on file.