LAC · XBRL financial data
Lithium Americas financial statements, every fiscal year
The same tables from 3 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (LAC's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| General and administrative | 25 | 28 | 53 |
| Total operating expenses | 29 | 28 | 53 |
| Other operating income (expense) | 0 | 0 | — |
| Interest expense | 0 | 0 | — |
| Other income (expense) | 3 | 15 | 9 |
| Income tax expense (benefit) | 0 | 0 | 0 |
| Net income (loss) | (5) | (43) | (86) |
| Earnings per share, basic USD per share | (0.03) | (0.21) | (0.50) |
| Earnings per share, diluted USD per share | (0.03) | (0.21) | (0.50) |
| Weighted average shares, basic millions of shares | 160 | 201 | 244 |
| Weighted average shares, diluted millions of shares | 160 | 201 | 244 |
| Operating profit (loss) | 24 | — | — |
| Profit (loss) | (4) | — | — |
| Earnings per share, basic USD per share | (0.02) | — | — |
| Earnings per share, diluted USD per share | (0.02) | — | — |
Balance sheet
CSVFiscal years (LAC's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Cash and cash equivalents | 196 | 594 | 568 |
| Total current assets | 206 | 602 | 912 |
| Property and equipment, net | 201 | 399 | 1,344 |
| Right-of-use asset | 4 | 3 | 7 |
| Total assets | 437 | 1,045 | 2,579 |
| Accounts payable | 5 | 1 | 88 |
| Accrued liabilities | 19 | 52 | 83 |
| Total current liabilities | 25 | 58 | 177 |
| Lease liability, non-current | — | 3 | 6 |
| Total liabilities | 52 | 100 | 992 |
| Accumulated deficit | (13) | (56) | (221) |
| Total stockholders' equity | 385 | 635 | 1,059 |
| Total liabilities and equity | 437 | 1,045 | 2,579 |
| Common shares outstanding (cover page) millions of shares | 162 | 219 | 347 |
| Cash and cash equivalents | 196 | — | — |
| Total current assets | 206 | — | — |
| Total assets | 440 | — | — |
| Total current liabilities | 25 | — | — |
| Total liabilities | 32 | — | — |
| Total equity | 407 | — | — |
| Total equity and liabilities | 440 | — | — |
Cash flows
CSVFiscal years (LAC's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Net income (loss) | (5) | (43) | (86) |
| Stock-based compensation | 6 | 5 | 6 |
| Net cash from operating activities | (40) | (13) | (61) |
| Purchases of property and equipment | 189 | 178 | 765 |
| Net cash from investing activities | (189) | (178) | (765) |
| Net cash from financing activities | 424 | 589 | 1,138 |
| Net change in cash | 195 | 398 | 311 |
| Net cash from operating activities | (38) | — | — |
| Net cash from investing activities | (190) | — | — |
| Net cash from financing activities | 423 | — | — |
Compare with peers
SIC 1000 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 1000 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Lithium Americas | 823 | not reported | (5.6)* | 363.0M | 147.7 quarters | 10-QJun 30, 2026 |
| Niocorp Developments | 415 | not reported | (4)* | 145.8M | 103.5 quarters | 10-KJun 30, 2026 |
| USA Rare Earth | 1,530 | 5.8 | (57)* | 244.7M | 26.9 quarters | 10-QJun 30, 2026 |
| Dakota Gold | 99 | not reported | (7.4)* | 134.2M | 13.5 quarters | 10-QJun 30, 2026 |
| Ivanhoe Electric | 257 | 0.7 | (20)* | 159.6M | 12.9 quarters | 10-QJun 30, 2026 |
| TMC the metals | 99 | not reported | (20)* | 441.1M | 4.9 quarters | 10-QJun 30, 2026 |
| U.S. Gold | 27 | not reported | (3.5) | 16.5M | 7.7 quarters | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.