Largo Inc. (LGO) Income Statement
LGO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLGO revenue and net income
Where LGO's revenue goes
2025Each bar shows an amount and its share of revenue. LGO kept −62.3% of revenue as net income.
LGO profit margins
LGO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −12.0% | −21.7% | −1.7% | +35.0% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LGO quarterly EPS vs estimates
Largo beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.08).
LGO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.9M | $124.9M | $198.7M | $229.3M | $198.3M | $120.0M | $136.5M | $382.8M | $133.4M | $60.4M |
| Cost of revenue | $132.6M | $145.8M | $174.8M | $169.7M | $133.0M | $88.4M | $120.7M | $99.7M | $95.7M | $84.2M |
| Gross profit | −$22.8M | −$20.9M | $23.9M | $59.5M | $65.3M | $31.6M | $15.8M | $283.2M | $37.6M | −$23.8M |
| Sales, general & admin | $23.1M | $23.1M | $37.1M | $42.0M | $25.5M | $12.3M | $25.3M | $14.7M | $10.8M | $9.9M |
| Total operating expenses | $23.3M | $25.4M | $40.2M | $43.8M | $28.6M | $31.6M | $25.3M | $15.5M | $10.8M | $10.0M |
| Operating income | −$46.1M | −$46.3M | −$16.3M | $15.7M | $36.7M | $18.8M | −$9.5M | $267.6M | $26.8M | −$33.7M |
| Interest income | $283,000 | $1.5M | $2.0M | $1.1M | $403,000 | $1.1M | $5.0M | $659,310 | — | — |
| Interest expense | $13.1M | $9.5M | $9.6M | $1.6M | $1.1M | $1.3M | $13.7M | $29.1M | $36.9M | $32.2M |
| Income before taxes | −$51.7M | −$71.2M | −$35.1M | $4.0M | $31.8M | $7.7M | −$30.5M | $236.9M | −$7.2M | −$41.4M |
| Income taxes | $17.1M | −$20.7M | −$2.7M | $6.3M | $9.2M | $962,000 | $4.5M | $4.9M | $1.1M | $23.9M |
| Net income | −$68.5M | −$49.8M | −$30.3M | −$1.5M | $22.6M | $6.8M | −$35.0M | $232.0M | −$8.3M | −$41.4M |
| EBITDA | −$16.5M | −$33.1M | $3.8M | $29.0M | $55.4M | $26.5M | $19.7M | $288.8M | $50.6M | $9.9M |
| EPS (diluted) | −$0.86 | −$0.31 | −$0.33 | $0.07 | $0.39 | $0.09 | −$0.56 | $2.19 | −$0.17 | −$3.80 |
| Gross margin | −20.7% | −16.7% | 12.0% | 26.0% | 32.9% | 26.3% | 11.6% | 74.0% | 28.2% | −39.3% |
| Operating margin | −41.9% | −37.0% | −8.2% | 6.8% | 18.5% | 15.7% | −7.0% | 69.9% | 20.1% | −55.8% |
| Net margin | −62.3% | −39.9% | −15.3% | −0.6% | 11.4% | 5.6% | −25.7% | 60.6% | −6.2% | −68.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.0M | $27.1M | $22.3M | $33.3M | $26.1M | $28.2M | $24.3M | $29.9M | $28.6M | $42.2M | $44.2M | $44.0M |
| Cost of revenue | $48.0M | $34.2M | $25.8M | $34.3M | $30.1M | $42.5M | $30.2M | $29.5M | $36.4M | $49.7M | $43.2M | $42.6M |
| Gross profit | −$4.0M | −$7.1M | −$3.5M | −$1.1M | −$3.9M | −$14.2M | −$5.9M | $368,000 | −$7.8M | −$7.5M | $952,000 | $1.4M |
| Research & development | $25,000 | — | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | $4.5M | $9.5M | $9.5M | $4.8M | $3.5M | $5.2M | $1.6M | $8.8M | $6.3M | $7.8M | $8.6M | $9.4M |
| Total operating expenses | $5.6M | $4.5M | $35.3M | $5.0M | $3.5M | $5.3M | $1.8M | $9.0M | $6.8M | $7.8M | $9.9M | $1.4M |
| Operating income | −$9.6M | −$11.6M | −$13.1M | −$6.0M | −$7.5M | −$19.5M | −$7.7M | −$8.6M | −$14.6M | −$15.3M | −$8.9M | −$15.8M |
| Interest income | — | $8,000 | $86,000 | $20,000 | $56,000 | $121,000 | $92,000 | $255,000 | $870,000 | $306,000 | $280,000 | $546,000 |
| Interest expense | $24,000 | $3.5M | $4.0M | $4.0M | $3.0M | $2.2M | $2.4M | $2.5M | $2.8M | $1.8M | $4.1M | $2.4M |
| Income before taxes | −$16.4M | −$4.5M | −$22.1M | −$10.4M | −$7.3M | −$11.8M | −$19.3M | −$11.9M | −$21.7M | −$18.3M | −$16.4M | −$14.7M |
| Income taxes | $6.3M | $146,936 | — | $26.2M | −$1.6M | −$2.6M | −$6.3M | −$1.8M | −$7.2M | −$5.3M | −$3.1M | −$2.9M |
| Net income | −$21.9M | −$6.2M | −$17.3M | −$36.6M | −$5.7M | −$9.0M | −$12.9M | −$9.7M | −$14.3M | −$13.0M | −$11.9M | −$11.4M |
| EBITDA | −$10.0M | $6.0M | −$11.4M | −$1.0M | −$81,000 | −$4.0M | −$8.7M | −$3.9M | −$12.7M | −$7.8M | −$4.9M | −$5.6M |
| EPS (diluted) | −$0.21 | −$0.22 | $0.00 | −$0.57 | −$0.09 | −$0.20 | −$0.19 | −$0.13 | $0.21 | −$0.20 | −$0.11 | −$0.17 |
| Gross margin | −9.2% | −26.1% | −15.8% | −3.2% | −15.1% | −50.4% | −24.4% | 1.2% | −27.4% | −17.8% | 2.2% | 3.2% |
| Operating margin | −21.9% | −42.6% | −58.6% | −18.1% | −28.6% | −69.1% | −31.9% | −28.8% | −51.3% | −36.2% | −20.2% | −36.0% |
| Net margin | −49.9% | −22.9% | −77.6% | −109.9% | −21.7% | −31.9% | −53.2% | −32.3% | −50.0% | −30.7% | −27.0% | −25.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LGO's financial statements (latest annual report filed April 1, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LGO financial results
In fiscal year 2025 (ended December 31, 2025), Largo reported revenue of $109.9 million, down 12.0% from the year before. It had a net loss of $68.5 million, a net profit margin of −62.3%. Diluted earnings per share came to −$0.86. Over five years revenue grew at an average rate of −1.7% a year.
See the LGO stock overview for the latest quote and news, or the LGO chart for price history and technical indicators.
LGO income statement FAQ
What is Largo's annual revenue?
Largo reported total revenue of $109.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 12.0% from $124.9 million the previous year.
Is Largo profitable?
No. Largo reported a net loss of $68.5 million in fiscal 2025, a net profit margin of −62.3%; its operating margin was −41.9%.
What is Largo's gross margin?
Largo's gross margin was −20.7% in fiscal 2025: for every $100 of revenue, Largo kept $-21 after the direct cost of its products and services.
How fast is Largo growing?
Revenue grew −1.7% a year on average over the last five fiscal years, from $120.0 million to $109.9 million.
What are Largo's earnings per share?
Largo earned $-0.86 per diluted share in fiscal 2025, compared with $-0.31 a year earlier.
When will Largo report its next earnings?
Largo is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 after the market closes.
When does Largo's fiscal year end?
Largo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 1, 2026.