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LGO · NASDAQ · Industrial Materials

Largo (LGO)

Produces vanadium and ilmenite from a single Brazilian mine.

$0.7240
At close+0.04 (+5.39%)
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Largo Inc.LGOMaterials

Processes vanadium products and ilmenite concentrate at its Maracás Menchen mine in Bahia, Brazil. Revenue is concentrated in that operation, alongside an interest in Storion, a U.S. vanadium-electrolyte venture.

Mining, processing and global delivery underpin a vanadium-and-ilmenite business centered on the Maracás Menchen Project in Bahia, Brazil. The open-pit operation produces VPURE and VPURE+ vanadium products and ilmenite concentrate for customers worldwide.

That mine is the sole material project and has generated substantially all revenue since operations began, making mine production and sales execution central to the business. Largo also retains an interest in Storion Energy, a U.S. joint venture focused on vanadium electrolyte for utility-scale flow batteries. Brazilian debt-repayment deferrals and continued financing efforts shape the operating plan.

Company facts

CEOAlberto Arias and Daniel Tellechea
ListedApr 26, 2010
ExchangeNASDAQ
HeadquartersToronto, ON
CountryCanada
Employees500
CIK0001400438
ISINCA5170971017

Market cap$53.5M
EPS (ttm)−$1.06
P/E (ttm)−0.6799
ROE-60.2%
P/B0.5583
P/S0.4238
Dividend yieldDiv yield
Beta2.66vs XLB 1.44

No analyst consensus on record.

Next report
Nov 11, 2026
in 69 days
EPS estimate
−$0.11
Revenue estimate
$34.6M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported−$0.19−$0.22−$0.09−$0.16−$0.18−$0.07−$0.21Pending
Estimate−$0.07−$0.10−$0.08−$0.08−$0.09$0.02−$0.15−$0.11
Surprise−171.4%−120.0%−12.5%−100.0%−100.0%−450.0%−40.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Apr '26May '26Aug '26Nov '26
Reported$16.9M$19.8M$19.2M$33.3M$22.3M$27.5M$44.0MPending
Estimate$75.5M$22.3M$27.1M$38.5M$34.6M
Surprise−77.7%0.0%+1.4%+14.3%
Estimate−$0.11
ReportedDue Nov 11, 2026
Estimate$34.6M
ReportedDue Nov 11, 2026
View details

Debt to equity86.30%
Current ratio53.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$29.9M$24.3M$28.2M$26.1M$33.3M$22.3M$27.1M$44.0M
Net income−$9.7M−$12.9M−$9.0M−$5.7M−$36.6M−$17.3M−$6.2M−$21.9M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$8.6M−$7.7M−$19.5M−$7.5M−$6.0M−$13.1M−$11.6M−$9.6M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $5.5M · Total debt $114.1M · Total assets $345.8M · Shareholders' equity $132.3M

Revenue
$44.0M
Operating income
−$9.6M
Net income
−$21.9M
View details

No dividends on record.

Strategic holders1 holder · as of Nov 12, 20255.89%4.37M shares
Otherremainder94.11%69.90M shares

74.27M company shares as of Aug 22, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
West Family Investments, Inc.Strategic
5.89%4.37M13Gfiled Nov 12, 2025

13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Compare

CompanyPriceChange
Largo$0.7240+5.39%$53.5M0.4+129.5%
Affiliated Managers Group$355.00−0.32%$9.42B12.39.03.7+29.9%
Median12.39.03.7+29.9%