LITHIUM AMERICAS CORP. LAC

Basic materials SIC 1000 - Metal Mining NAICS Mining, Quarrying, and Oil and Gas Extraction › Mining (except Oil and Gas) › Metal Ore Mining derived NYSE

Lithium Americas Corp. (the "Company" or "LAC") is a Canadian-based resource and materials company focused on developing, building and operating significant lithium deposits and chemical processing facilities. The Company's flagship asset is Thacker Pass, a sedimentary-based lithium deposit located in the McDermitt Caldera in Humboldt County, in northern Nevada ("Thacker Pass" or the "Project"). Thacker Pass is owned by Lithium Nevada LLC ("LN"), a wholly owned subsidiary of Lithium Nevada Ventures LLC ("Lithium Nevada Ventures"), the joint venture ("JV") between General Motors Holdings LLC ("GM") and the Company (together, the "JV Partners"). The Company currently owns a 62% interest in Thacker Pass and manages the Project, and GM owns a 38% interest in Thacker Pass. The terms "LN" and "LAC" are used throughout the report to denote the owners of the Project.

Last close 2.07 2026-10-23
Market cap $751.5M 2026-06-30 share count
52-week range 2.04 - 6.96

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.50

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
SG&A $52.8M$28.1M$24.6M———
Total operating expenses $52.8M$28.3M$28.8M———
Operating income ——$23.7M-$6.9M-$2.7M—
Interest expense —$0$377.0K———
Pre-tax income -$86.3M-$42.6M-$5.1M———
Income tax $0$0$0———
Net income -$86.3M-$42.6M-$5.1M-$67.8M-$47.0M—
EPS, basic -0.50-0.21-0.03———
EPS, diluted -0.50-0.21-0.03———
Shares, diluted (wtd. avg.) 243.7M200.8M160.4M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $568.2M$593.9M$195.8M$636.0K——
Receivables $4.1M$557.0K$4.5M———
Total current assets $911.6M$602.5M$205.9M———
Property, plant and equipment $1.34B$398.9M$200.6M———
Total assets $2.58B$1.04B$436.9M$27.8M$10.9M—
Accounts payable $87.8M$700.0K$4.6M———
Total current liabilities $176.8M$58.3M$24.6M———
Total liabilities $992.4M$99.6M$52.0M———
Retained earnings -$221.1M-$55.7M-$13.2M———
Total equity $1.06B$635.0M$384.9M-$55.8M-$41.7M-$12.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$61.2M-$13.0M-$39.5M———
Depreciation and amortisation $46.0K$46.0K$135.0K———
Stock-based compensation $6.2M$5.2M$5.6M———
Capital expenditure $765.0M$177.7M$188.9M———
Investing cash flow -$765.0M-$177.7M-$188.9M———
Financing cash flow $1.14B$589.1M$423.6M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-193861.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M -75M -50M -25M 0 Net income, FY2021: -47M Net income, FY2022: -67.8M Net income, FY2023: -5.1M Net income, FY2024: -42.6M Net income, FY2025: -86.3M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — —
Gross profit — — — — — —
Net income — -$47.0M -$67.8M -$5.1M -$42.6M -$86.3M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Unregistered share sale Item 3.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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