Lithium Americas Corp.
LAC NYSE Metal Mining Financials FY2023–FY2025
Last close · Oct 23, 2026
$2.07
1.4%What Lithium Americas Corp. does
No business description yet.
- Legal name
- LITHIUM AMERICAS CORP.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 19, 2026
- Accession · CIK
- 0001193125-26-115081
0001966983
Revenue and margins
Lithium Americas Corp. had — of revenue in fiscal 2025.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was −$826M in fiscal 2025, — of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Lithium Americas Corp. returned — to shareholders in fiscal 2025. The diluted share count rose 21.3%.
Balance sheet
Cash, debt and the ratios that show how comfortably Lithium Americas Corp. can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $196M | $594M | $568M |
| Current ratio | 8.4x | 10.3x | 5.2x |
| Quick ratio | 8.4x | 10.3x | 5.2x |
| Total assets | $437M | $1.0B | $2.6B |
| Total liabilities | $52.0M | $99.6M | $992M |
| Shareholders' equity | $385M | $635M | $1.1B |
| Net debt (− = net cash) | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✕ | ✓ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | — | ✓ | ✕ |
| Share count didn't rise | — | ✕ | ✕ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | — | — | — |
| F-score | — / 3 | — / 6 | — / 6 |
| Accruals ratio | 7.9% | −4.0% | −1.4% |
| Altman Z'' | — | — | — |
3 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Interest expense | $0.4M | $0.0M | — |
| Pretax income | — | −$42.6M | −$86.3M |
| Income tax | $0.0M | $0.0M | $0.0M |
| Net income | −$5.1M | −$42.6M | −$86.3M |
| Diluted EPS | −$0.03 | −$0.21 | −$0.50 |
| Diluted shares | 0.16B | 0.20B | 0.24B |
| Cash flow | |||
| Cash from operations | −$39.5M | −$13.0M | −$61.2M |
| Capital expenditure | $189M | $178M | $765M |
| Free cash flow | −$228M | −$191M | −$826M |
| Depreciation and amortization | $0.1M | $0.0M | $0.0M |
| Stock-based compensation | $5.6M | $5.2M | $6.2M |
| Balance sheet | |||
| Cash and short-term investments | $196M | $594M | $568M |
| Finance lease liabilities | — | $19.0M | $14.2M |
| Current assets | $206M | $602M | $912M |
| Current liabilities | $24.6M | $58.3M | $177M |
| Property and equipment, net | $201M | $399M | $1.3B |
| Total assets | $437M | $1.0B | $2.6B |
| Total liabilities | $52.0M | $99.6M | $992M |
| Shareholders' equity | $385M | $635M | $1.1B |
| Returns | |||
| Return on equity | −1.3% | −8.4% | −10.2% |
| Return on assets | −1.2% | −5.8% | −4.8% |
| Return on tangible equity | −1.3% | −6.7% | −8.1% |
| Growth | |||
| Share count change | — | 25.2% | 21.3% |
| Financial health | |||
| Current ratio | 8.4x | 10.3x | 5.2x |
| Quick ratio | 8.4x | 10.3x | 5.2x |
| Quality scores | |||
| Accruals ratio | 7.9% | −4.0% | −1.4% |
Source: SEC EDGAR XBRL filings (CIK 0001966983). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.