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Lithium Americas (LAC) Financials

Lithium Americas logo
$4.76 +0.11 (+2.26%)
Closing price 03:59 PM Eastern
Extended Trading
$4.76 +0.01 (+0.21%)
As of 06:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Lithium Americas

Annual Income Statements for Lithium Americas

This table shows Lithium Americas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -47 -68 -5.09 -43 -50
Consolidated Net Income / (Loss)		 -47 -68 -5.09 -43 -86
Net Income / (Loss) Continuing Operations		 -47 -68 -5.09 -43 -86
Total Pre-Tax Income 		-47 -68 -5.09 -43 -86
Total Operating Income		 -47 -65 -29 -28 -53
Total Gross Profit		 -2.65 -4.04 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00 0.00
Total Cost of Revenue		 2.65 4.04 0.00 0.00 0.00
Total Operating Expenses		 44 61 29 28 53
Selling, General & Admin Expense		 5.12 9.55 25 28 53
Exploration Expense		 36 47 4.15 0.20 0.02
Total Other Income / (Expense), net		 -0.00 -2.90 24 -14 -33
Other Income / (Expense), net		 -0.00 -2.90 24 -14 -33
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.11 -36
Basic Earnings per Share		 - - ($0.03) ($0.21) ($0.50)
Weighted Average Basic Shares Outstanding		 160.05K 160.05K 160.36M 200.82M 243.66M
Diluted Earnings per Share		 ($0.29) ($0.42) ($0.03) ($0.21) ($0.50)
Weighted Average Diluted Shares Outstanding		 160.05K 160.05K 160.36M 200.82M 243.66M
Weighted Average Basic & Diluted Shares Outstanding		 160.05K 160.05K 160.36K 218.69M 347.37M

Quarterly Income Statements for Lithium Americas

This table shows Lithium Americas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -6.26 -6.56 -8.54 -21 -12 -14 -201 177 9.67
Consolidated Net Income / (Loss)		 -6.26 -6.56 -8.54 -21 -12 -13 -199 138 4.63
Net Income / (Loss) Continuing Operations		 -6.26 -6.56 -8.54 -21 -12 -13 -199 138 4.63
Total Pre-Tax Income 		-6.26 -6.56 -8.54 -21 -12 -13 -199 138 4.63
Total Operating Income		 -5.80 -6.42 -6.15 -9.92 -6.54 -7.85 -9.70 -29 -11
Total Gross Profit		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Cost of Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 5.80 6.42 6.15 9.92 6.54 7.85 9.70 29 11
Selling, General & Admin Expense		 5.80 6.41 5.96 9.92 6.52 7.85 9.70 29 11
Exploration Expense		 0.00 0.01 0.19 - 0.02 0.00 0.00 - 0.00
Total Other Income / (Expense), net		 -0.46 -0.14 -2.38 -11 -4.99 -5.40 -189 166 16
Other Income / (Expense), net		 -0.46 -0.13 -2.37 -11 -4.99 -5.40 -189 166 16
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 0.00 0.11 0.82 0.80 1.48 -39 -5.04
Basic Earnings per Share		 ($0.04) ($0.03) ($0.04) ($0.10) ($0.05) ($0.06) ($0.83) $0.44 $0.00
Weighted Average Basic Shares Outstanding		 162.04M 204.47M 218.04M 200.82M 218.60M 219.58M 238.70M 243.66M 353.18M
Diluted Earnings per Share		 ($0.04) ($0.03) ($0.04) ($0.10) ($0.05) ($0.06) ($0.83) $0.44 $0.00
Weighted Average Diluted Shares Outstanding		 162.04M 204.47M 218.04M 200.82M 218.60M 219.58M 238.70M 243.66M 353.18M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 218.69M 218.90M 241.66M 303.49M 347.37M 351.06M

Annual Cash Flow Statements for Lithium Americas

This table details how cash moves in and out of Lithium Americas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 8.37 11 195 398 311
Net Cash From Operating Activities		 4.33 11 -40 -13 -61
Net Cash From Continuing Operating Activities		 4.33 11 -40 -13 -61
Net Income / (Loss) Continuing Operations		 -47 -68 -5.09 -43 -86
Consolidated Net Income / (Loss)		 -47 -68 -5.09 -43 -86
Depreciation Expense		 0.66 1.52 0.14 0.05 0.05
Amortization Expense		 - - 0.69 0.95 1.00
Non-Cash Adjustments To Reconcile Net Income		 48 68 -27 11 16
Changes in Operating Assets and Liabilities, net		 2.55 9.27 -7.96 17 8.29
Net Cash From Investing Activities		 4.03 0.00 -189 -178 -765
Net Cash From Continuing Investing Activities		 4.03 0.00 -189 -178 -765
Purchase of Property, Plant & Equipment		 - - -189 -178 -765
Net Cash From Financing Activities		 0.00 0.00 424 589 1,138
Net Cash From Continuing Financing Activities		 0.00 0.00 424 589 1,138
Repayment of Debt		 - - 0.00 -2.24 -5.45
Issuance of Debt		 - - - 0.00 212
Issuance of Common Equity		 - - 320 592 501
Other Financing Activities, net		 - - 120 -0.84 430

Quarterly Cash Flow Statements for Lithium Americas

This table details how cash moves in and out of Lithium Americas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -48 229 -35 253 -147 62 -124 520 302
Net Cash From Operating Activities		 -2.18 -2.64 0.08 -8.28 -19 -31 2.31 -14 -18
Net Cash From Continuing Operating Activities		 -2.18 -2.64 0.08 -8.28 -19 -31 2.31 -14 -18
Net Income / (Loss) Continuing Operations		 -6.26 -6.56 -8.54 -21 -12 -13 -199 138 4.63
Consolidated Net Income / (Loss)		 -6.26 -6.56 -8.54 -21 -12 -13 -199 138 4.63
Depreciation Expense		 0.00 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Amortization Expense		 0.20 0.25 0.25 0.25 0.25 0.26 0.26 0.23 0.31
Non-Cash Adjustments To Reconcile Net Income		 3.33 4.85 3.10 -0.02 3.19 -4.74 192 -175 -8.08
Changes in Operating Assets and Liabilities, net		 0.55 -1.20 5.26 13 -11 -13 8.81 23 -15
Net Cash From Investing Activities		 -46 -31 -35 -66 -118 -236 -172 -239 -299
Net Cash From Continuing Investing Activities		 -46 -31 -35 -66 -118 -236 -172 -239 -299
Purchase of Property, Plant & Equipment		 -46 -31 -35 -66 -118 -236 -172 -239 -299
Net Cash From Financing Activities		 -0.01 262 -0.06 327 -10 328 46 774 620
Net Cash From Continuing Financing Activities		 -0.01 262 -0.06 327 -10 328 46 774 620
Repayment of Debt		 0.00 - - -2.24 -9.29 221 -9.73 -207 -0.83
Issuance of Debt		 - - - - 0.00 - 57 146 432
Issuance of Common Equity		 - - -0.05 330 0.00 - - 401 190
Other Financing Activities, net		 -0.01 -0.01 -0.01 -0.80 -1.20 -1.19 -1.20 434 -1.22

Annual Balance Sheets for Lithium Americas

This table presents Lithium Americas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 11 28 437 1,045 2,579
Total Current Assets		 1.81 1.94 206 602 912
Cash & Equivalents		 0.93 0.64 196 594 568
Restricted Cash		 0.00 0.00 - 0.29 337
Accounts Receivable		 0.88 1.30 4.49 0.56 4.11
Prepaid Expenses		 - - 5.87 7.73 1.92
Plant, Property, & Equipment, net		 3.29 3.94 201 399 1,344
Total Noncurrent Assets		 5.75 9.51 30 44 323
Long-Term Investments		 - - 11 4.15 4.86
Other Noncurrent Operating Assets		 0.00 0.00 19 28 6.73
Other Noncurrent Nonoperating Assets		 - - 0.00 12 312
Total Liabilities & Shareholders' Equity		 11 28 437 1,045 2,579
Total Liabilities		 53 62 52 100 992
Total Current Liabilities		 4.52 54 25 58 177
Accounts Payable		 4.21 9.91 4.60 0.70 88
Accrued Expenses		 - - 19 52 83
Other Current Liabilities		 - - 1.23 5.82 5.53
Total Noncurrent Liabilities		 48 8.05 27 41 816
Long-Term Debt		 40 0.00 - 0.00 351
Capital Lease Obligations		 - - 3.02 17 16
Asset Retirement Reserve & Litigation Obligation		 - - 0.11 0.29 0.47
Other Noncurrent Operating Liabilities		 8.02 8.05 24 24 448
Commitments & Contingencies		 - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -42 -34 385 945 1,587
Total Preferred & Common Equity		 -42 -34 385 635 1,059
Total Common Equity		 -42 -34 385 635 1,059
Common Stock		 151 226 398 691 1,280
Retained Earnings		 -193 -260 -13 -56 -221
Noncontrolling Interest		 - - 0.00 310 528

Quarterly Balance Sheets for Lithium Americas

This table presents Lithium Americas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,018 1,339 1,452 3,113
Total Current Assets		 449 512 389 1,212
Cash & Equivalents		 447 509 385 759
Restricted Cash		 - - - 449
Accounts Receivable		 0.62 0.58 2.03 3.13
Prepaid Expenses		 2.08 - 1.29 1.65
Plant, Property, & Equipment, net		 476 810 1,041 1,667
Total Noncurrent Assets		 93 17 22 233
Long-Term Investments		 2.20 - 5.36 0.26
Other Noncurrent Operating Assets		 80 5.22 3.01 8.38
Other Noncurrent Nonoperating Assets		 12 12 14 224
Total Liabilities & Shareholders' Equity		 1,018 1,339 1,452 3,113
Total Liabilities		 83 303 555 1,236
Total Current Liabilities		 43 52 103 165
Accounts Payable		 3.05 5.95 47 70
Accrued Expenses		 35 40 51 89
Other Current Liabilities		 5.74 5.69 5.60 5.79
Total Noncurrent Liabilities		 40 251 452 1,071
Long-Term Debt		 - - - 703
Capital Lease Obligations		 15 14 13 17
Asset Retirement Reserve & Litigation Obligation		 0.29 0.29 0.29 0.47
Other Noncurrent Operating Liabilities		 24 237 439 351
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 935 1,036 896 1,877
Total Preferred & Common Equity		 626 616 476 1,344
Total Common Equity		 626 616 476 1,344
Common Stock		 692 695 752 1,566
Retained Earnings		 -66 -79 -277 -222
Noncontrolling Interest		 310 420 421 533

Annual Metrics And Ratios for Lithium Americas

This table displays calculated financial ratios and metrics derived from Lithium Americas' official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - 303,488,288.00
DEI Adjusted Shares Outstanding		 - - - - 303,488,288.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - -0.17
Growth Metrics		 - - - - -
Profitability Metrics		 - - - - -
Net Operating Profit after Tax (NOPAT)		 -33 -45 -20 -20 -37
Return On Investment Capital (ROIC_SIMPLE)		 - - -5.19% -2.06% -1.91%
Earnings before Interest and Taxes (EBIT)		 -47 -68 -4.71 -43 -86
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -46 -66 -3.88 -42 -85
Valuation Ratios		 - - - - -
Leverage & Solvency		 - - - - -
Liquidity Ratios		 - - - - -
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -45 -205 -191 -400
Efficiency Ratios		 - - - - -
Capital & Investment Metrics		 - - - - -
Invested Capital		 -2.32 -3.21 181 353 715
Increase / (Decrease) in Invested Capital		 0.00 -0.89 184 171 363
Book Value per Share		 ($260.46) ($215.04) $2.40 $3.16 $3.49
Tangible Book Value per Share		 ($296.37) ($274.49) $2.40 $3.16 $3.49
Total Capital		 -1.38 -34 388 962 1,938
Total Debt		 40 0.72 3.02 17 351
Total Long-Term Debt		 40 0.00 3.02 17 351
Net Debt		 39 0.09 -204 -581 -559
Capital Expenditures (CapEx)		 -4.03 0.00 189 178 765
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3.34 -52 -14 -50 -171
Debt-free Net Working Capital (DFNWC)		 -2.40 -52 181 544 735
Net Working Capital (NWC)		 -2.71 -52 181 544 735
Net Nonoperating Expense (NNE)		 14 22 -15 23 49
Net Nonoperating Obligations (NNO)		 39 31 -204 -593 -871
Total Depreciation and Amortization (D&A)		 0.66 1.52 0.83 0.99 1.05
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.21) ($0.50)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 161.78M 200.82M 243.66M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.02) ($0.21) ($0.50)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 161.78M 200.82M 243.66M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 160.36K 218.69M 347.37M
Normalized Net Operating Profit after Tax (NOPAT)		 -33 -45 -20 -20 -37
Debt Service Ratios		 - - - - -
Payout Ratios		 - - - - -

Quarterly Metrics And Ratios for Lithium Americas

This table displays calculated financial ratios and metrics derived from Lithium Americas' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 161,778,274.00 161,778,274.00 161,778,274.00 161,778,274.00 218,686,462.00 218,904,876.00 241,662,806.00 303,488,288.00 347,369,613.00
DEI Adjusted Shares Outstanding		 161,778,274.00 161,778,274.00 161,778,274.00 161,778,274.00 218,686,462.00 218,904,876.00 241,662,806.00 303,488,288.00 347,369,613.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.04 -0.04 -0.05 -0.13 -0.06 -0.06 -0.83 0.58 0.03
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
EBITDA Growth		 0.00% 0.00% 0.00% - -85.86% -106.62% -2,306.16% - 144.00%
EBIT Growth		 0.00% 0.00% 0.00% - -84.03% -102.31% -2,235.93% - 140.15%
NOPAT Growth		 0.00% 0.00% 0.00% - -12.63% -22.24% -57.69% - -142.55%
Net Income Growth		 0.00% 0.00% 0.00% - -84.00% -102.12% -2,233.19% - 140.15%
EPS Growth		 0.00% 0.00% 0.00% - -25.00% -100.00% -1,975.00% - 100.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% - -763.87% -1,056.93% 2,653.57% - 3.13%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - -38.52%
Invested Capital Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 137.55%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
EBITDA Q/Q Growth		 0.00% -3.68% -31.58% - 0.00% -15.27% -1,432.30% - -96.41%
EBIT Q/Q Growth		 0.00% -4.57% -30.19% - 0.00% -14.95% -1,403.22% - -96.64%
NOPAT Q/Q Growth		 0.00% -10.63% 4.14% - 0.00% -20.07% -23.65% - 61.41%
Net Income Q/Q Growth		 0.00% -4.65% -30.22% - 0.00% -14.95% -1,403.22% - -96.64%
EPS Q/Q Growth		 0.00% 25.00% -33.33% - 0.00% -20.00% -1,283.33% - -100.00%
Operating Cash Flow Q/Q Growth		 0.00% -21.05% 103.18% - 0.00% -62.11% 107.57% - -28.98%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% - 0.00% -8.05% 4.39% - -68.17%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% - 0.00% 7.94% -4.68% - 59.27%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Operating Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
EBIT Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% - 100.00% 100.00% 100.00% - 100.00%
Interest Burden Percent		 100.02% 100.09% 100.12% - 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% - -5.12% -5.27% -27.36% - -4.99%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - -86.36%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% - -3.43% -3.14% -14.52% - -3.49%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% - -7.66% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.06 -4.49 -4.31 -6.94 -4.58 -5.49 -6.79 -29 -11
NOPAT Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% - -3.12% -3.06% -98.16% - 2.72%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -0.72% -0.48% -0.52% -0.75% -1.48% -0.43%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Earnings before Interest and Taxes (EBIT)		 -6.26 -6.55 -8.53 -21 -12 -13 -199 138 4.63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -6.06 -6.28 -8.27 -21 -11 -13 -199 138 4.96
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 - 0.69 0.70 1.92 - 0.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 - 0.69 0.70 1.92 - 0.47
Price to Revenue (P/Rev)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 - 0.63 0.67 1.90 - 0.58
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 - 0.02 0.01 0.01 - 0.38
Long-Term Debt to Equity		 0.00 0.00 0.00 - 0.02 0.01 0.01 - 0.38
Financial Leverage		 0.00 0.00 0.00 - -0.48 -0.49 -0.44 - -0.41
Leverage Ratio		 0.00 0.00 0.00 - 1.09 1.29 1.62 - 1.47
Compound Leverage Factor		 0.00 0.00 0.00 - 1.09 1.29 1.62 - 1.47
Debt to Total Capital		 0.00% 0.00% 0.00% - 1.63% 1.34% 1.40% - 27.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% - 1.63% 1.34% 1.40% - 27.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% - 32.56% 39.96% 46.27% - 20.52%
Common Equity to Total Capital		 0.00% 0.00% 0.00% - 65.81% 58.70% 52.33% - 51.76%
Debt to EBITDA		 0.00 0.00 0.00 - -0.33 -0.26 -0.05 - -10.43
Net Debt to EBITDA		 0.00 0.00 0.00 - 9.25 9.24 1.55 - 7.08
Long-Term Debt to EBITDA		 0.00 0.00 0.00 - -0.33 -0.26 -0.05 - -10.43
Debt to NOPAT		 0.00 0.00 0.00 - -0.76 -0.66 -0.53 - -17.91
Net Debt to NOPAT		 0.00 0.00 0.00 - 21.33 23.20 15.88 - 12.15
Long-Term Debt to NOPAT		 0.00 0.00 0.00 - -0.76 -0.66 -0.53 - -17.91
Altman Z-Score		 0.00 0.00 0.00 - 3.47 1.15 0.50 - 0.62
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% - 33.10% 40.50% 46.93% - 29.96%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 - 10.35 9.88 3.77 - 7.36
Quick Ratio		 0.00 0.00 0.00 - 10.30 9.83 3.76 - 4.62
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -495 -535 -511 -392 -685
Operating Cash Flow to CapEx		 -4.73% -8.53% 0.24% - -15.98% -12.97% 1.34% - -6.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 -2,181.00 -440.00 8.40 - 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -48,262.00 -5,598.67 -3,461.00 - 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Inventory Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 352 490 529 504 715 1,164
Invested Capital Turnover		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 490 529 504 363 674
Enterprise Value (EV)		 0.00 0.00 0.00 - 310 354 957 - 677
Market Capitalization		 1,076 429 432 - 434 429 914 - 632
Book Value per Share		 $0.00 $0.00 $0.00 $3.16 $2.86 $2.82 $1.97 $3.49 $3.87
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $3.16 $2.86 $2.82 $1.97 $3.49 $3.87
Total Capital		 0.00 0.00 0.00 962 950 1,050 909 1,938 2,597
Total Debt		 0.00 0.00 0.00 17 15 14 13 351 720
Total Long-Term Debt		 0.00 0.00 0.00 17 15 14 13 351 720
Net Debt		 0.00 0.00 0.00 -582 -433 -495 -378 -559 -488
Capital Expenditures (CapEx)		 46 31 35 66 118 236 172 239 299
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -50 -41 -49 -100 -171 -160
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 544 406 460 286 735 1,048
Net Working Capital (NWC)		 0.00 0.00 0.00 544 406 460 286 735 1,048
Net Nonoperating Expense (NNE)		 2.20 2.06 4.23 14 6.95 7.76 192 -166 -16
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -593 -445 -507 -392 -871 -713
Total Depreciation and Amortization (D&A)		 0.20 0.27 0.26 0.26 0.27 0.27 0.27 0.24 0.33
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.10) ($0.05) ($0.06) ($0.83) $0.44 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 200.82M 218.60M 219.58M 238.70M 243.66M 353.18M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.10) ($0.05) ($0.06) ($0.83) $0.44 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 200.82M 218.60M 219.58M 238.70M 243.66M 353.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 218.69M 218.90M 241.66M 303.49M 347.37M 351.06M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.06 -4.49 -4.31 -6.94 -4.58 -5.49 -6.79 -20 -7.77
Normalized NOPAT Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -6,263.00 -1,091.50 -852.60 - 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 -4,062.10 -749.00 -430.78 - 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 -52,344.00 -6,250.17 -4,322.00 - 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 -50,143.10 -5,907.67 -3,900.18 - 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

MarketBeat overview: Lithium Americas (LAC) posted a highly volatile 2025 Q4 with a rare large net income, financed largely by a substantial funding round. Below is a concise, data-driven summary of key trends from the last four years of quarterly statements, focused on the most actionable items for retail investors.

  • Q4 2025 net income (continuing operations) rose to $137.7 million, with basic and diluted earnings per share of $0.44, marking a rare positive quarterly bottom line.
  • Q4 2025 financing activity surged to $773.54 million in net cash from financing activities, including $401.18 million from common equity issuance and $145.68 million from debt issuance, significantly improving liquidity.
  • Q3 2025 operating cash flow was positive at $2.31 million, signaling a degree of stabilization in cash generation from operations before the year-end spike.
  • Q4 2025 earnings per share (basic and diluted) were $0.44, aligning with the strong reported net income for the quarter.
  • Revenue was effectively zero in multiple quarters (e.g., Q3 2025 and Q2 2025 show Total Revenue of $0.0), indicating the company remains in a development/pre-revenue phase.
  • Sizable capital expenditures drove investing cash outflows (e.g., Q4 2025 PPE purchases of $239.38M; Q3 2025 $172.17M; Q2 2025 $235.57M; Q1 2025 $117.93M), consistent with ongoing asset build-out.
  • Latest asset base remains substantial, with Total Assets around $1.34B–$1.45B in 2025 quarters (e.g., $1.339B in Q2 2025 and $1.451B in Q3 2025), supported by PP&E and investments.
  • Net income was negative in most 2025 quarters (e.g., Q3 2025 net income -$199.16M; Q2 2025 -$13.25M; Q1 2025 -$11.53M; Q4 2024 -$21.28M), highlighting ongoing profitability challenges.
  • Q4 2025 operating cash flow was negative (-$14.15M) despite strong financing inflows, indicating continued cash burn from operations.
  • While equity issuance boosted liquidity, it introduces dilution risk for existing shareholders, a consideration for investors evaluating ownership stake and value.
05/20/26 06:41 PM ETAI Generated. May Contain Errors.

Lithium Americas Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lithium Americas' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Lithium Americas' net income appears to be on an upward trend, with a most recent value of -$86.26 million in 2025, rising from -$47.03 million in 2021. The previous period was -$42.63 million in 2024. See where experts think Lithium Americas is headed by visiting Lithium Americas' forecast page.

Lithium Americas' total operating income in 2025 was -$52.84 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $52.84 million

Over the last 4 years, Lithium Americas' total revenue changed from $0.00 in 2021 to $0.00 in 2025, a change of 0.0%.

Lithium Americas' total liabilities were at $992.40 million at the end of 2025, a 896.3% increase from 2024, and a 1,788.9% increase since 2021.

In the past 4 years, Lithium Americas' cash and equivalents has ranged from $636 thousand in 2022 to $593.89 million in 2024, and is currently $568.23 million as of their latest financial filing in 2025.

Over the last 4 years, Lithium Americas' book value per share changed from -260.46 in 2021 to 3.49 in 2025, a change of -101.3%.


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Financial statements for NYSE:LAC last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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