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LGO on Nasdaq

Largo Inc.

Largo Inc. is a Canadian Mining and Quarrying of Nonmetallic Minerals company.2 It is headquartered in Toronto, Canada.2 Its shares trade on Nasdaq under the symbol LGO.2

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Last updated Oct 21, 2026.

Overview

$109.9MRevenue, fiscal 20253
-$68.7MNet income, fiscal 20253

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  • TickerLGO on Nasdaq2
  • IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)2
  • HeadquartersToronto, Canada2
  • Incorporated inOntario, Canada4
  • Business addressCommerce Court West, 5300-199 Bay Street, Toronto, Ontario, M5L 1B94
  • Filer category, Emerging growth company4
  • Legal formCorporation2
  • LEI549300DNLDBZOCZKIM082
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address55 University Avenue, M5J 2H7 Toronto, Canada2
  • Registered withMinistry of Government and Consumer Services, 16196812

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-62.6%Net margin3
-12.0%Revenue growth, 20253
-50.3%Return on equity3
0.00×Debt to equity3
-$37.7MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fev Revenues brought in 60% of the revenue Largo Inc. broke down this way in fiscal 2025.

  1. Fev Revenues$63.8M360%up 23% from 2024
  2. V 2 O 5 Revenues$37.8M336%down 35% from 2024
  3. V2O3 Revenues$4.1M34%down 51% from 2024
Products and services by year
Products and services20242025
Fev Revenues$51.8M$63.8M
V 2 O 5 Revenues$58.4M$37.8M
V2O3 Revenues$8.4M$4.1M

Business segments

Sales Trading brought in 36% of the revenue Largo Inc. broke down this way in fiscal 2025.

  1. Sales Trading$92.4M336%down 7% from 2024
  2. Mine Properties Plant And Equipment$87.4M334%down 22% from 2024
  3. Corporate1$75.8M330%down 18% from 2024
Business segments by year
Business segments20242025
Sales Trading$99.7M$92.4M
Mine Properties Plant And Equipment$112.0M$87.4M
Corporate1$92.2M$75.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue48¢$52.6M
  • Research and development1¢$714.0K
  • Selling, general and admin8¢$8.3M
  • Other costs17¢$18.2M
  • Interest12¢$13.0M
  • Income tax16¢$17.1M

Out of $109.9M in revenue.3 The company lost money this year.

Financial statements

Revenue56783$109.9M in 2025−8% since 2020
0$100.0M$200.0M$300.0M2020: $120.0M$120.0M20202021: $198.3M$198.3M2021+65%2022: $229.3M$229.3M2022+16%2023: $198.7M$198.7M2023−13%2024: $124.9M$124.9M2024−37%2025: $109.9M$109.9M2025−12%
Gross profit5$198.3M in 2021+63% since 2020
0$50.0M$100.0M$150.0M$200.0M2020: $121.6M$121.6M20202021: $198.3M$198.3M2021+63%
Net income56783-$68.7M in 2025
-$75.0M-$50.0M-$25.0M0$25.0M2020: $6.8M$6.8M20202021: $22.6M$22.6M2021+234%2022: -$2.2M-$2.2M20222023: -$32.4M-$32.4M2023+1354%2024: -$50.6M-$50.6M2024+56%2025: -$68.7M-$68.7M2025+36%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Revenues$109.9M$124.9M
Operating costs-$132.6M-$145.8M
Professional, consulting and management fees-$12.5M-$16.3M
Foreign exchange gain (loss)$8.7M-$12.5M
Other general and administrative expenses-$8.3M-$5.4M
Share-based payments-$2.3M-$1.3M
Finance costs-$13.1M-$9.5M
Interest income$283.0K$1.5M
Technology start-up costs-$714.0K-$3.4M
Recovery (write-down) of vanadium assets$294.0K-$1.1M
Exploration and evaluation costs-$216.0K-$2.3M
Gain on disposal of interest in subsidiary$5.2M$0
Share of net loss from investment in associate-$6.2M$0
Total Expenses-$161.6M-$196.2M
Net loss before tax-$51.7M-$71.2M
Income tax recovery$0$2.8M
Deferred income tax (expense) recovery-$17.1M$17.9M
Net loss-$68.7M-$50.6M
Unrealized gain (loss) on foreign currency translation$10.1M-$35.3M
Other comprehensive loss-$58.7M-$85.9M
Owners of the Company-$68.5M-$49.8M
Non-controlling interests-$229.0K-$737.0K
Owners of the Company-$58.4M-$85.2M
Non-controlling interests-$229.0K-$737.0K
Basic loss per Common Share-$1.01-$0.78
Diluted loss per Common Share-$1.01-$0.78
- Basic67.8M shares64.1M shares
- Diluted67.8M shares64.1M shares

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Corporate structure

Largo Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Largo Inc.

  • Largo Inc. Toronto, Ontario, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Largo Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$191.9M3 Dec 31, 2025$170.8M3 Dec 31, 2024+12.4%
Operating-lease assets (leased space)$08 Dec 31, 2024$1.3M8 Dec 31, 2023−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.7M3 Dec 31, 2025$22.1M3 Dec 31, 2024−56.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1.4M3 Dec 31, 2025$2.3M3 Dec 31, 2024−37.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$49.5M3 Dec 31, 2025$47.5M3 Dec 31, 2024+4.2%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorDaniel Tellechea named Nov 6, 20259
  • Executive OfficerDavid Harris named Nov 6, 20259
  • Executive OfficerFrancesco DAlessio named Nov 6, 20259
  • Executive OfficerGordon Babcock named Nov 6, 20259
  • Executive OfficerLuis Rendon named Nov 6, 20259
  • DirectorAlberto Arias named Nov 6, 20259
  • DirectorAndrea Weinberg named Nov 6, 20259
  • DirectorDavid Brace named Nov 6, 20259
  • DirectorJonathan Lee named Nov 6, 20259

Former names

  • Largo Resources Ltd.May 14, 2007 to Nov 3, 20214

Timeline

  1. Apr 17, 1988Founded Largo Inc. is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.16) a share, on Nov 12, 2025.10

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

175 filings to the SEC since October 2021: 7 annual reports, 7 large holders, 2 private raises, 159 other. The latest 20:

  1. Oct 8, 2026RW EDGAR
  2. Oct 8, 20266-K EDGAR
  3. Sep 29, 20266-K EDGAR
  4. Sep 29, 20266-K EDGAR
  5. Sep 29, 2026424B5 EDGAR
  6. Sep 23, 20266-K EDGAR
  7. Sep 14, 20266-K EDGAR
  8. Aug 27, 20266-K EDGAR
  9. Aug 21, 20266-K EDGAR
  10. Aug 14, 20266-K EDGAR
  11. Aug 14, 20266-K EDGAR
  12. Aug 10, 20266-K EDGAR
  13. Aug 6, 20266-K EDGAR
  14. Jul 23, 20266-K EDGAR
  15. Jul 10, 20266-K EDGAR
  16. Jul 9, 20266-K EDGAR
  17. Jul 7, 20266-K EDGAR
  18. Jul 7, 20266-K EDGAR
  19. Jul 1, 20266-K EDGAR
  20. Jun 17, 20266-K EDGAR

The 175 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$6.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $6.0M in all. Private raises (Form D) $6.0M.$0$2M$4M$6M$8M2025 · Private raises (Form D): $6.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$6.0M$6.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 22, 2025Filed a private offering of securities9 Form D: $17.4 million offered in all Form D
  2. Oct 22, 2025Raised $6 million in a private offering of securities14 Form D: $12 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 38. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Grantham, Mayo, Van Otterloo & Co. LLC5,050,356$3.1M0.0%No change
DLD Asset Management, LP2,211,800$1.4M0.4%New
Marshall Wace, Llp1,131,956$713.1K0.0%−559,544
Renaissance Technologies LLC1,007,000$638.6K0.0%−286,300
Brooklands Fund Management Ltd725,000$482.3K0.4%−35,119
Sprott Inc.753,516$477.9K0.0%−1,223
West Family Investments, Inc.2,200,845$466.3K0.1%No change
Two Sigma Investments, LP544,797$345.5K0.0%−737,606
Goldman Sachs Group Inc369,120$234.1K0.0%−60,545
Bank Of America Corp /de/344,273$218.3K0.0%−152,862
XTX Topco Ltd270,792$171.7K0.0%+76,503
Susquehanna International Group, Llp192,480$122.1K0.0%New
Centiva Capital, LP118,749$75.3K0.0%−94,198
Jane Street Group, LLC92,746$57.5K0.0%−304,483
Nano Cap New Millennium Growth Fund L P75,000$47.6K0.0%+10,000
Group One Trading LLC67,531$42.8K0.0%+36,785
UBS Group AG50,767$32.2K0.0%+6,480
Resurgent Financial Advisors LLC40,000$25.4K0.0%New
Morgan Stanley30,888$19.6K0.0%−6,988
Toronto Dominion Bank28,001$17.4K0.0%New
Russell Investments Group, Ltd.15,450$9.6K0.0%−78,910
Simplex Trading, LLC13,865$8.8K0.0%New
Mraz, Amerine & Associates, Inc.13,850$8.8K0.0%No change
Geode Capital Management, LLC11,075$7.0K0.0%−21,062
Millennium Management LLC11,000$6.8K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Largo Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLargo Inc.1
  • CIK0001400438
  • Filer status<br>emerging growth company an emerging growth company1
  • Incorporated inCanada15
  • Industry code (SIC)1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressCommerce Court West, 5300-199 Bay Street, Toronto, Ontario, M5L 1B9, Ontario, Canada1
  • Phone41686197971
  • Shares outstanding83,673,905 as of Dec 31, 20253
  • AuditorKPMG LLP, Toronto, Ontario, Canada PCAOB ID 85; no auditor attestation of internal control over financial reporting15
  • On EDGAR sinceMay 14, 20071
  • Filings208 in all: 6-K (154), D (8), 40-F (5), 424B5 (3), EFFECT (3), F-3 (3), SCHEDULE 13G/A (3), SD (3)1
    All 24 form types

    40-F/A (2), 424B3 (2), CORRESP (2), F-10 (2), F-X (2), REGDEX (2), S-8 (2), SC 13G (2), SC 13G/A (2), UPLOAD (2), 40FR12B (1), 6-K/A (1), CERT (1), F-10/A (1), RW (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (40-F) Apr 1, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesLGONasdaq

From the cover page of the 40-F filed Apr 1, 2026 (Section 12(b) of the Exchange Act).15

Sources

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