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Largo Inc. logo

Largo Inc.

LGO

NASDAQBasic MaterialsIndustrial Materials

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Regular session

$0.7301

−$0.0139 · -1.87%

Aug 24, 2:47 PM ET

LGO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

16

Strong Down

Sentiment

64

Bullish

Risk resilience

20

High Risk

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Company profile

Company website

Headquartered in Toronto, Canada, Largo Inc. specializes in vanadium-centric solutions. The company's primary focus involves developing and marketing utility-scale electrical energy storage systems, based on vanadium technology, within Canada. Its vanadium products, sourced from the Maracás Menchen Mine in Brazil, encompass a diverse range: VPURE+ flakes for master alloys and aerospace use; VPURE flakes, ferrovanadium, and vanadium carbon nitride crucial for the steel sector; and VPURE+ powder utilized in catalyst applications. Additionally, Largo offers renewable energy solutions through its Largo Clean Energy division. The company's operations are segmented into Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Established in 1988, the organization rebranded from Largo Resources Ltd. to Largo Inc. in November 2021.

Industry
Industrial Materials
Sector
Basic Materials
Headquarters
CA
CEO
Jesús Alberto Arias López
Listed since
Apr 26, 2010
Employees
500

Market position

Day range

Current $0.7301

52-week range

Current $0.7301

Open
$0.745
Previous close
$0.744
Volume
384.28K
0.27× average
Average volume
1.41M
Average daily volume
Market cap
54.23M USD
Beta
2.31
Market reference 1
50-day average
$0.6858
+6.46% above average
200-day average
$1.0597
-31.10% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
54.07M USD
P/E (TTM)
-0.69×
P/B (TTM)
0.57×
P/S (TTM)
0.43×
EV / EBITDA
-3.27×
Earnings yield
-107.41%
Free cash flow yield
-59.05%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-12.73%
Operating margin
-31.77%
Net margin
-64.87%
Return on equity
-52.56%
Return on assets
-21.49%
Return on invested capital
-27.95%

Financial health

Debt / equity
0.86×
Current ratio
0.51×
Altman Z-score
-0.96
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%4%-34%-72%Gross margin, FY2021: 32.92%Gross margin, FY2022: 25.97%Gross margin, FY2023: 12.04%Gross margin, FY2024: -16.73%Gross margin, FY2025: -20.71%Operating margin, FY2021: 18.52%Operating margin, FY2022: 6.84%Operating margin, FY2023: -8.19%Operating margin, FY2024: -37.05%Operating margin, FY2025: -41.92%Net margin, FY2021: 11.38%Net margin, FY2022: -0.63%Net margin, FY2023: -15.27%Net margin, FY2024: -39.89%Net margin, FY2025: -62.34%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 32.92%. Gross margin FY2022 25.97%. Gross margin FY2023 12.04%. Gross margin FY2024 -16.73%. Gross margin FY2025 -20.71%. Operating margin FY2021 18.52%. Operating margin FY2022 6.84%. Operating margin FY2023 -8.19%. Operating margin FY2024 -37.05%. Operating margin FY2025 -41.92%. Net margin FY2021 11.38%. Net margin FY2022 -0.63%. Net margin FY2023 -15.27%. Net margin FY2024 -39.89%. Net margin FY2025 -62.34%.

Income trends

Revenue

109.89M USD-12.03%

Operating income

−46.06M USD+0.47%

Net income

−68.51M USD-37.49%
Income trends across reported periods259.03M USD139.92M USD20.82M USD−98.29M USDRevenue, FY2021: 198.28M USDRevenue, FY2022: 229.25M USDRevenue, FY2023: 198.68M USDRevenue, FY2024: 124.92M USDRevenue, FY2025: 109.89M USDOperating income, FY2021: 36.71M USDOperating income, FY2022: 15.69M USDOperating income, FY2023: −16.28M USDOperating income, FY2024: −46.28M USDOperating income, FY2025: −46.06M USDNet income, FY2021: 22.57M USDNet income, FY2022: −1.45M USDNet income, FY2023: −30.34M USDNet income, FY2024: −49.83M USDNet income, FY2025: −68.51M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 198.28M USD. Revenue FY2022 229.25M USD. Revenue FY2023 198.68M USD. Revenue FY2024 124.92M USD. Revenue FY2025 109.89M USD. Operating income FY2021 36.71M USD. Operating income FY2022 15.69M USD. Operating income FY2023 −16.28M USD. Operating income FY2024 −46.28M USD. Operating income FY2025 −46.06M USD. Net income FY2021 22.57M USD. Net income FY2022 −1.45M USD. Net income FY2023 −30.34M USD. Net income FY2024 −49.83M USD. Net income FY2025 −68.51M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue109.89M USD124.92M USD198.68M USD229.25M USD198.28M USD
Cost of goods sold132.64M USD145.82M USD174.76M USD169.72M USD133.01M USD
Gross profit−22.75M USD−20.9M USD23.93M USD59.53M USD65.27M USD
Selling, general, and administrative23.1M USD23.05M USD34.5M USD41.97M USD25.48M USD
Operating expenses23.31M USD25.38M USD40.2M USD43.85M USD28.56M USD
Interest income283K USD1.52M USD2.02M USD1.11M USD403K USD
Interest expense13.14M USD9.46M USD9.63M USD1.65M USD1.13M USD
Depreciation and amortization22M USD28.68M USD29.25M USD23.28M USD22.51M USD
Operating income−46.06M USD−46.28M USD−16.28M USD15.69M USD36.71M USD
Net income−68.51M USD−49.83M USD−30.34M USD−1.45M USD22.57M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 11 misses, 0 met estimates
Average EPS surprise
-204.93%
11 comparable reports
Latest EPS result
-0.21
Estimate -0.15 · Miss by 40.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.07-0.16-0.39-0.62Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ2 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual -0.19, estimate -0.07, surprise -171.43%, Miss. Q2 2025, reported May 15, 2025: actual -0.14, estimate -0.1, surprise -40.00%, Miss. Q3 2025, reported Aug 12, 2025: actual -0.09, estimate -0.08, surprise -12.50%, Miss. Q4 2025, reported Nov 11, 2025: actual -0.57, estimate -0.08, surprise -612.50%, Miss. Q2 2026, reported Apr 1, 2026: actual -0.18, estimate -0.09, surprise -100.00%, Miss. Q2 2026, reported May 13, 2026: actual -0.07, estimate 0.02, surprise -450.00%, Miss. Q3 2026, reported Aug 14, 2026: actual -0.21, estimate -0.15, surprise -40.00%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate -0.11, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates80.19M58.24M36.29M14.33MQ1 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25MetQ2 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 16.86M USD, estimate 75.5M USD, surprise -77.66%, Miss. Q2 2025, reported May 15, 2025: actual 28.24M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 19.17M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 11, 2025: actual 33.26M USD, estimate 33.26M USD, surprise 0.00%, Met estimate. Q2 2026, reported Apr 1, 2026: actual 22.27M USD, estimate 22.27M USD, surprise 0.00%, Met estimate. Q2 2026, reported May 13, 2026: actual 27.53M USD, estimate 27.15M USD, surprise +1.40%, Beat. Q3 2026, reported Aug 14, 2026: actual 44M USD, estimate 38.5M USD, surprise +14.28%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 34.6M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

1 institution

LGO news

seekingalpha.com

Largo Inc. (LGO:CA) Q2 2026 Earnings Call Transcript

Largo Inc. (LGO:CA) Q2 2026 Earnings Call Transcript

Read source
newsfilecorp.com

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

All amounts expressed are in U.S. dollars, denoted by "$". Key Highlights: Largo and its subsidiary, Largo Vanádio de Maracás S.A.

Read source
accessnewswire.com

Largo Physical Vanadium Announces Postponement of Annual Meeting

TORONTO, ON / ACCESS Newswire / August 18, 2026 / Largo Physical Vanadium Corp. ("LPV" or the "Company") (TSX.V:VAND)(OTCQX:VANAF) today announced that it has postponed its previously scheduled annual meeting of…

Read source
newsfilecorp.com

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

All amounts expressed are in U.S. dollars, denoted by "$". Toronto, Ontario--(Newsfile Corp. - August 14, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium…

Read source
newsfilecorp.com

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

All amounts expressed are in U.S. dollars, denoted by "$". Key Highlights: Approval of Brazil's National Mining Agency ("ANM") allows Largo to produce and sell copper concentrates with platinum group metals ("PGM") from…

Read source
newsfilecorp.com

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

All amounts expressed are in U.S. dollars, denoted by "$". Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company"), the world's largest primary vanadium…

Read source

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