Largo (LGO) Financial Statements & Analysis

Largo (LGO) Income Statement

Largo reported revenue of $109.89M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 12.0% from $124.92M a year earlier. Largo posted a net loss of $68.51M, compared with a net loss of $49.83M a year earlier. Gross margin was -20.7% and operating margin -41.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $44.00M, up 68.5% from the same quarter a year earlier.

Largo Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Largo Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	109.89	124.92	198.68	229.25	198.28	119.99	140.01	521.41	133.38
Cost of Revenue	132.64	145.82	174.76	169.72	133.01	88.39	94.81	99.66	95.75
Gross Profit	-22.75	-20.90	23.93	59.53	65.27	31.60	12.38	283.16	37.63
Operating Expenses
Research & Development	0.00	0.00	6.12	12.70	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	23.10	23.05	34.50	41.97	25.48	12.31	16.53	14.67	10.78
Operating Expenses	23.31	25.38	40.20	43.85	28.56	31.60	23.36	15.54	10.79
Operating Income	-46.06	-46.28	-16.28	15.69	36.71	18.80	-10.90	364.29	26.85
Other Income/Expense
Interest Income	0.28	1.52	2.02	1.11	0.40	1.15	6.56	0.90	0.00
Interest Expense	13.14	9.46	9.63	1.65	1.13	1.30	9.06	34.40	36.86
Other Income/Expense	7.25	-24.97	-11.17	-11.11	-4.23	0.00	-20.36	-41.64	-34.03
Income
Income Before Tax	-51.68	-71.25	-35.06	4.04	31.76	7.72	-31.26	322.65	-7.18
Income Tax Expense	17.06	-20.68	-2.70	6.27	9.19	0.96	4.95	6.70	1.10
Net Income	-68.51	-49.83	-30.34	-1.45	22.57	6.76	-36.21	231.97	-8.28
Net Income - Continuous Operations	-68.74	-49.83	-32.36	-2.23	22.57	6.76	-36.21	231.97	-8.28
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-16.54	-33.11	3.82	28.96	55.40	37.11	20.79	387.12	61.05
EBIT	-38.53	-61.79	-25.43	5.69	32.89	16.83	-	-	-
Depreciation & Amortization	22.00	28.68	29.25	2.40	0.97	18.39	31.70	31.25	33.23
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-	-	-	-1.00	6.00	-
Diluted EPS	-1.00	-1.00	-	-	-	-	-	5.00	-
Basic Shares Outstanding	68.06	62.09	64.04	64.45	64.05	61.36	53.50	64.23	46.80
Diluted Shares Outstanding	68.06	64.08	64.04	64.45	65.05	61.36	53.50	64.23	46.80

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Largo Financial Statements

What was Largo's revenue in fiscal 2025?

Largo reported revenue of $109.89M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 12.0% from $124.92M a year earlier.

Is Largo profitable?

No. Largo reported a net loss of $68.51M in fiscal 2025. In fiscal 2024 it lost $49.83M.

What is Largo's operating margin?

Largo's operating income was −$46.06M on revenue of $109.89M in fiscal 2025, an operating margin of -41.9%, compared with -37.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition