Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Lithium Argentina AG 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
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
4.29
4.84
Cost of revenue
6.1
6.8
Gross profit
-1.81
-1.96
Research and development
0.42
0.58
Interest expense
0.34
2.93
3.64
14.3
20.9
22.7
25.2
31.9
Interest income
1.47
5.17
Pre-tax income
-13.8
55.3
-34
-38.6
-32.5
28.2
-25.9
-76.4
Income tax
1.45
1.22
0
0
10.7
-10.7
0.47
Income from continuing operations
-13.8
53.9
-35.2
-38.6
-32.5
17.6
-15.2
-76.9
Net income to minority interests
0
0
-0.01
-1.43
Net income
-33.3
-28.3
51.7
-36.2
-38.5
-93.6
1,288
-15.2
-75.4
EPS, basic
-0.44
-0.32
0.58
-0.38
-0.32
-0.70
8.29
-0.09
-0.47
EPS, diluted
-0.44
-0.32
0.56
-0.39
-0.32
-0.70
8.02
-0.09
-0.47
Balance sheet
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
55.4
41.6
83.6
148
511
194
122
85.5
61.1
Receivables
1.02
1.95
2.6
1.25
1.97
3.99
4.61
3.63
0.37
Inventory
2.09
1.62
1.24
Total current assets
61.2
46.9
92.9
154
533
356
134
117
84.7
Property, plant and equipment
18.1
5.42
159
1.94
4.37
9.03
9.25
8.99
9.37
Lease right-of-use assets
3.99
4.45
2
1.5
0.97
Total assets
113
104
294
327
817
1,017
1,055
1,131
1,100
Accounts payable
3.55
2.82
11.9
5.2
7.35
16.5
9.65
Total current liabilities
3.72
3.36
15
8.75
8.26
19.6
215
240
281
Total liabilities
4.72
21.7
134
136
281
233
226
240
283
Total debt
0.93
18.6
120
130
Retained earnings
-109
-138
-65.8
-140
-179
-272
-661
-670
-745
Shareholders' equity
829
828
768
Minority interests
0
62.7
49.1
Total equity
109
82.3
160
191
536
784
829
891
817
Total liabilities and equity
113
104
294
327
817
1,017
1,055
1,131
1,100
Cash flow statement
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-33.3
-28.3
51.7
-36.2
-38.5
-93.6
1,288
-15.2
-76.9
Cash from operations
-12.9
-18.5
-17.6
-30.9
-53.2
-65.2
-59
-21.8
-30
Capital expenditures
-1.06
-0.59
-29.3
-61.3
-0.58
-0.17
-5.29
-0.97
0
Cash from investing
-25.6
-10.7
-8.36
-42.6
-116
-231
-39.1
-85.9
6.28
Debt repaid
-0.13
-0.13
-0.14
0
-205
-24.7
0
Stock issued
100
400
0
Cash from financing
85.4
15.8
67.9
138
531
-23.5
12.1
68.8
-0.33
Exchange rate effect
0.38
-0.35
0.1
0.11
0.14
3.43
13.8
2.15
-0.4
Net change in cash
47.3
-13.8
42
64.5
363
-316
-72.2
-36.8
-24.4
Free cash flow
-14
-19.1
-46.9
-92.2
-53.8
-65.4
-64.3
-22.8
-30
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $5.52 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-9.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-6.8%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-7.3%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-2.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
2.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
27.5%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.30x
Current assets / current liabilities.
Quick ratio
0.22x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.22x
(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.
EPS, basic
-$0.47
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$905.8M
Share price x shares outstanding.
Enterprise value
$844.7M
Market cap + total debt - cash - short-term investments.
P/B
1.18x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.18x
Market cap / tangible book value, when positive.
FCF yield
-3.3%
Free cash flow / market cap.
Earnings yield
-8.3%
Net income / market cap (the inverse of P/E).
Was Lithium Argentina AG profitable in fiscal 2025?
No. It reported a net loss of $75.4M.
How much free cash flow did Lithium Argentina AG generate in fiscal 2025?
Cash from operations of $30.0M minus capital expenditures of $0.0 left free cash flow of -$30.0M.
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.