Largo Inc. (LGO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 27.15M | 22.27M | 33.26M | 26.12M | 28.23M | 24.27M | 29.91M | 28.56M | 42.19M | 44.17M | 59.74M | 70.36M | 77.61M | 64.31M | 74.94M | 84.08M | 43.21M | 50.16M | 53.86M | 53.83M |
| Revenue Growth % | -3.85% | -8.23% | 11.23% | -8.55% | -33.07% | -45.06% | -49.94% | -59.41% | -45.64% | -31.32% | -20.28% | -16.32% | 79.59% | 28.23% | 39.13% | 56.19% | 8.57% | 18.7% | 96.04% | 544.69% |
| Cost of Goods Sold | 34.24M | 25.79M | 34.31M | 30.06M | 42.48M | 30.19M | 29.54M | 36.38M | 49.71M | 43.22M | 57.83M | 57M | 62.08M | 57.07M | 62.98M | 50.91M | 29.84M | 38.61M | 32.13M | 35.4M |
| COGS % of Revenue | 126.11% | 115.81% | 103.16% | 115.09% | 150.44% | 124.42% | 98.77% | 127.38% | 117.83% | 97.84% | 96.81% | 81.02% | 79.99% | 88.74% | 84.05% | 60.55% | 69.06% | 76.98% | 59.65% | 65.77% |
| Gross Profit | -7.09M | -3.52M | -1.05M | -3.94M | -14.24M | -5.93M | 368K | -7.82M | -7.52M | 952K | 1.91M | 13.35M | 15.53M | 7.24M | 11.96M | 33.17M | 13.37M | 11.54M | 21.73M | 18.43M |
| Gross Margin % | -26.11% | -15.81% | -3.16% | -15.09% | -50.44% | -24.42% | 1.23% | -27.38% | -17.83% | 2.16% | 3.19% | 18.98% | 20.01% | 11.26% | 15.95% | 39.45% | 30.94% | 23.02% | 40.35% | 34.23% |
| Gross Profit Growth % | 50.24% | 40.58% | -385.33% | 49.62% | -89.39% | -722.48% | -80.69% | -158.56% | -148.43% | -86.86% | -84.06% | -59.74% | 16.15% | -37.25% | -45% | 80% | 14.96% | 8.39% | 234.54% | 1621.66% |
| Operating Expenses | 4.47M | 9.53M | 4.96M | 3.54M | 5.28M | 1.82M | 8.99M | 6.82M | 7.75M | 9.89M | 17.74M | 16.14M | 14M | 9.87M | 16.14M | 11.41M | 8.06M | 8.63M | 7.19M | 7.43M |
| OpEx % of Revenue | 16.48% | 42.8% | 14.92% | 13.54% | 18.7% | 7.49% | 30.06% | 23.88% | 18.38% | 22.4% | 29.7% | 22.93% | 18.04% | 15.34% | 21.54% | 13.57% | 18.65% | 17.21% | 13.34% | 13.8% |
| Selling, General & Admin | 4.47M | 9.5M | 4.85M | 3.51M | 5.24M | 1.57M | 8.81M | 5.57M | 7.11M | 8.02M | 17.74M | 16.14M | 14M | 9.87M | 16.14M | 11.41M | 8.06M | 8.63M | 6.46M | 7.43M |
| SG&A % of Revenue | 16.48% | 42.67% | 14.58% | 13.42% | 18.54% | 6.46% | 29.46% | 19.49% | 16.86% | 18.16% | 29.7% | 22.93% | 18.04% | 15.34% | 21.54% | 13.57% | 18.65% | 17.21% | 11.99% | 13.8% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 28K | 113K | 31K | 44K | 250K | 179K | 1000K | 643K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 731K | 0 |
| Operating Income | -11.56M | -13.05M | -6.01M | -7.48M | -19.52M | -7.74M | -8.62M | -14.64M | -15.27M | -8.94M | -15.83M | -2.78M | 1.53M | -2.62M | -4.19M | 21.76M | 5.31M | 2.91M | 14.55M | 11M |
| Operating Margin % | -42.59% | -58.61% | -18.08% | -28.63% | -69.14% | -31.91% | -28.83% | -51.27% | -36.21% | -20.24% | -26.51% | -3.95% | 1.97% | -4.08% | -5.59% | 25.88% | 12.28% | 5.8% | 27.01% | 20.43% |
| Operating Income Growth % | 40.78% | -68.57% | 30.26% | 48.93% | -27.81% | 13.4% | 45.55% | -426.54% | -1099.24% | -240.75% | -278.12% | -112.78% | -71.2% | -190.17% | -128.79% | 97.84% | -17.58% | -36.57% | 379.03% | 765.39% |
| EBITDA | -4.53M | -6.35M | -707K | -3.17M | -13.84M | 462K | -3.04M | -8.47M | -6.55M | -1.55M | -5M | 6.89M | 12.48M | 6.17M | 3.98M | 27.68M | 10.09M | 9.06M | 19.63M | 16.84M |
| EBITDA Margin % | -16.67% | -28.53% | -2.13% | -12.14% | -49.01% | 1.9% | -10.18% | -29.67% | -15.53% | -3.5% | -8.37% | 9.79% | 16.08% | 9.59% | 5.32% | 32.92% | 23.35% | 18.06% | 36.45% | 31.28% |
| EBITDA Growth % | 67.29% | -1475.11% | 76.77% | 62.59% | -111.28% | 129.84% | 39.1% | -223.02% | -152.47% | -125.09% | -225.44% | -75.12% | 23.72% | -31.89% | -79.7% | 64.37% | -14.55% | -12.27% | 211.17% | 4207.14% |
| D&A (Non-Cash Add-back) | 7.04M | 6.7M | 5.31M | 4.31M | 5.68M | 8.21M | 5.58M | 6.17M | 8.72M | 7.39M | 10.84M | 9.67M | 10.95M | 8.79M | 8.17M | 5.92M | 4.78M | 6.15M | 5.08M | 5.84M |
| EBIT | -11.56M | -18.13M | -6.34M | -4.39M | -9.67M | -16.93M | -9.45M | -18.91M | -16.5M | -12.28M | -15.93M | -3.17M | 1.45M | -2.68M | -4.27M | 22.53M | 1M | 30.9K | 13.82M | 14.19M |
| Net Interest Income | -3.45M | -3.87M | -4.02M | -2.9M | -2.03M | -2.27M | -2.23M | -1.94M | -1.51M | -3.82M | -1.81M | -1.28M | -714K | -548K | 105K | -101K | 7K | -208K | -253K | -26K |
| Interest Income | 7.89K | 86K | 19.78K | 56K | 121K | 89.4K | 255K | 869.82K | 306K | 280K | 546K | 480K | 712K | 311K | 401K | 213K | 184K | 137K | 102K | 110K |
| Interest Expense | 3.46M | 3.96M | 4.04M | 2.95M | 2.15M | 2.36M | 2.48M | 2.81M | 1.81M | 4.1M | 2.35M | 1.76M | 1.43M | 859K | 296K | 314K | 177K | 345K | 355K | 136K |
| Other Income/Expense | 7.04M | -9.04M | -4.41M | 138K | 7.7M | -11.54M | -3.31M | -7.07M | -3.04M | -7.44M | -4.19M | -3.38M | -562.23K | -20.7M | 1.48M | 458.06K | -4.48M | -3.25M | -1.08M | 3.06M |
| Pretax Income | -4.52M | -22.09M | -10.43M | -7.34M | -11.82M | -19.29M | -11.93M | -21.71M | -18.31M | -16.38M | -20.03M | -6.16M | 966.34K | -23.32M | -2.71M | 22.22M | 824K | -335.87K | 13.47M | 14.06M |
| Pretax Margin % | -16.64% | -99.18% | -31.34% | -28.1% | -41.87% | -79.47% | -39.9% | -76.04% | -43.41% | -37.08% | -33.52% | -8.75% | 1.25% | -36.26% | -3.61% | 26.42% | 1.91% | -0.67% | 25.01% | 26.12% |
| Income Tax | 146.94K | -4.92M | 26.19M | -1.59M | -2.62M | -6.3M | -1.84M | -7.23M | -5.31M | -3.08M | -3.88M | 1.75M | 2.6M | -2.15M | 885.32K | 4.41M | 2.8M | -1.12M | 4.28M | 5.69M |
| Effective Tax Rate % | -3.25% | 22.29% | -251.2% | 21.62% | 22.13% | 32.65% | 15.46% | 33.3% | 28.98% | 18.8% | 19.4% | -28.38% | 268.81% | 9.22% | -32.7% | 19.83% | 340.05% | 334.12% | 31.75% | 40.44% |
| Net Income | -6.2M | -17.28M | -36.55M | -5.67M | -9M | -12.92M | -9.66M | -14.28M | -12.97M | -11.95M | -15.48M | -7.63M | -1.67M | -21.17M | -2.91M | 17.99M | -1.87M | 786.34K | 9.19M | 8.37M |
| Net Margin % | -22.85% | -77.59% | -109.89% | -21.72% | -31.88% | -53.23% | -32.31% | -50% | -30.74% | -27.04% | -25.91% | -10.85% | -2.16% | -32.92% | -3.88% | 21.39% | -4.33% | 1.57% | 17.07% | 15.55% |
| Net Income Growth % | 31.08% | -33.78% | -278.26% | 60.27% | 30.59% | -8.14% | 37.57% | -87.05% | -674.99% | 43.58% | -432.69% | -142.45% | 10.61% | -2792.6% | -131.61% | 114.79% | -145.17% | -88.57% | 260.65% | 219.41% |
| Net Income (Continuing) | -4.66M | -17.16M | -36.62M | -5.75M | -9.21M | -12.99M | -10.09M | -14.48M | -13.01M | -13.3M | -16.14M | -7.9M | -1.63M | -21.17M | -3.59M | 17.81M | -1.98M | 786.34K | 9.19M | 8.37M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.77M | 6.18M | 6.06M | 6.13M | 6.21M | 6.41M | 6.48M | 9.45M | 9.63M | 7.11M | 8.5M | 8.99M | 12.42M | 9.16M | 9.2M | -38.62K | 185.03K | 0 | 0 | 0 |
| EPS (Diluted) | -0.07 | -0.22 | -0.56 | -0.09 | -0.14 | -0.20 | -0.15 | -0.22 | -0.20 | -0.19 | -0.18 | -0.09 | -0.02 | -0.24 | -0.04 | 0.28 | -0.03 | 0.01 | 0.14 | 0.13 |
| EPS Growth % | 50.71% | -10% | -273.33% | 59.14% | 30% | -5.26% | 16.67% | -144.44% | -958.2% | 20.83% | -344.44% | -132.14% | 37.42% | -2067.21% | -128.93% | 115.38% | -143.14% | -88.91% | 250% | 208.33% |
| EPS (Basic) | -0.07 | -0.22 | -0.56 | -0.09 | -0.14 | -0.20 | -0.15 | -0.22 | -0.20 | -0.19 | -0.18 | -0.09 | -0.02 | -0.24 | -0.04 | 0.28 | -0.03 | 0.01 | 0.14 | 0.13 |
| Diluted Shares Outstanding | 89.87M | 78.02M | 64.13M | 64.13M | 64.11M | 64.11M | 64.11M | 64.08M | 64.05M | 64.05M | 64.05M | 64.05M | 64.01M | 64.01M | 64.22M | 65.13M | 64.75M | 64.75M | 65.72M | 65.7M |
| Basic Shares Outstanding | 89.87M | 78.02M | 64.13M | 64.13M | 64.11M | 64.11M | 64.11M | 64.08M | 64.05M | 64.05M | 64.05M | 64.05M | 64.01M | 64.01M | 64.22M | 64.82M | 61.63M | 64.73M | 64.68M | 64.57M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |