Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data LITHIUM AMERICAS CORP. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
General and administrative
24.6
28.1
52.8
Operating expenses
28.8
28.3
52.8
Operating income
-2.65
-6.94
23.7
Interest expense
2.65
4.04
0.38
0
Other non-operating income
23.7
-14.3
-33.4
Pre-tax income
-42.6
-86.3
Income tax
0
0
0
0
0
Income from continuing operations
-47.1
-67.8
-3.93
Net income to minority interests
0
0.11
-35.8
Net income
-47
-67.8
-5.09
-42.6
-86.3
EBITDA
23.8
EPS, basic
-0.44
-0.63
-0.03
-0.21
-0.50
EPS, diluted
-0.44
-0.63
-0.03
-0.21
-0.50
Shares, basic (weighted)
160
201
244
Shares, diluted (weighted)
160
201
244
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
0.93
0.64
196
594
568
Receivables
0.88
1.3
4.49
0.56
4.11
Other current assets
5.78
7.47
Total current assets
1.81
1.94
206
602
912
Property, plant and equipment
3.29
3.94
201
399
1,344
Lease right-of-use assets
3.69
3.46
6.73
Other non-current assets
19
27.9
6.73
Total assets
10.9
27.8
437
1,045
2,579
Accounts payable
4.21
9.91
4.6
0.7
87.8
Accrued liabilities
18.8
51.8
83.4
Total current liabilities
4.52
54.2
24.6
58.3
177
Lease liabilities
2.59
6.2
Other non-current liabilities
3.5
3.5
3.5
Total liabilities
52.5
62.3
52
99.6
992
Paid-in capital
15
35.6
0
Retained earnings
-193
-260
-13.2
-55.7
-221
Shareholders' equity
385
635
1,059
Minority interests
0
310
528
Total equity
-41.7
-55.8
385
945
1,587
Total liabilities and equity
10.9
27.8
437
1,045
2,579
Shares outstanding
162
218
314
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-47
-67.8
-5.09
-42.6
-86.3
Depreciation and amortization
0.14
0.05
0.05
Stock-based compensation
5.58
5.17
6.21
Deferred income tax
0
0
Change in receivables
-4.27
3.73
-1.15
Change in payables
-1.32
-0.02
13.7
Cash from operations
-42.9
-52
-39.5
-13
-61.2
Capital expenditures
-0.53
-1.51
-189
-178
-765
Cash from investing
2.25
-20.6
-189
-178
-765
Cash from financing
41.1
72.3
424
589
1,138
Net change in cash
0.42
-0.3
195
398
311
Free cash flow
-43.5
-53.5
-228
-191
-826
Interest paid
0.17
0.27
1.35
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.75 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-3.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.6%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
66.7%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
146.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
352.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
21.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
5.47x
Current assets / current liabilities.
Quick ratio
3.52x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.51x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share
-$2.69
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.09
Cash from operations / diluted weighted shares.
Book value per share
$3.92
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/B
0.70x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.70x
Market cap / tangible book value, when positive.
FCF yield
-108.1%
Free cash flow / market cap.
Earnings yield
-5.5%
Net income / market cap (the inverse of P/E).
Was LITHIUM AMERICAS CORP. profitable in fiscal 2025?
No. It reported a net loss of $86.3M.
How much free cash flow did LITHIUM AMERICAS CORP. generate in fiscal 2025?
Cash from operations of $61.2M minus capital expenditures of $765.0M left free cash flow of -$826.3M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.