Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Laredo Oil, Inc. 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
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
10.9
9.82
9.36
8.48
8.15
4.59
0.67
0
0.04
0.01
Cost of revenue
10.6
10.1
8.75
8.28
7.97
4.78
1.29
Gross profit
0.27
-0.28
0.61
0.2
0.18
-0.18
-0.62
0.04
0.01
Selling, general and administrative
0.49
0.37
0.3
0.08
0.08
0.12
1.18
2.05
2.9
1.84
Operating expenses
0.88
0.66
0.5
0.31
0.31
0.5
1.58
7.12
3.43
3.33
Operating income
-0.61
-0.93
0.12
-0.11
-0.13
-0.68
-2.2
-7.12
-3.39
-3.32
Interest expense
0.03
0.03
0.03
0.03
0.04
0.05
0.14
0.51
0.51
0.49
Other non-operating income
0
0.01
0
0.13
0.07
0.86
0.63
Income tax
0
0
0
0
0
0
Net income
-0.66
-0.96
0.1
-0.15
-0.17
-0.37
-0.9
-7.89
-2.87
-3.18
EBITDA
-0.13
-0.67
-2.14
-7.08
-3.37
-3.29
EPS, basic
-0.01
-0.02
0.00
0.00
0.00
-0.01
EPS, diluted
-0.01
-0.02
0.00
0.00
0.00
-0.01
Shares, basic (weighted)
54.5
54.5
54.5
54.5
54.5
54.5
Shares, diluted (weighted)
54.5
54.5
54.5
54.5
54.5
54.5
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.39
0.33
0.11
0.29
1.53
1.2
0.11
0.01
0.13
0.06
Receivables
0
0.17
Other current assets
0.05
0.02
0.04
0.04
0.06
0.27
0.02
0.04
0.02
0.02
Total current assets
0.44
0.38
0.27
0.36
1.62
1.63
0.13
0.05
2.02
0.3
Property, plant and equipment
0
0.81
3.17
0.46
0.75
1.11
Total assets
0.44
0.38
0.27
0.36
1.62
2.77
3.7
0.54
2.8
1.45
Accounts payable
0.03
0.04
0.01
0.01
0.02
0.27
1.24
2.26
2.3
2.03
Accrued liabilities
1.06
1.67
1.21
1.43
1.58
1.56
1.74
2.26
3.17
3.75
Total current liabilities
1.79
2.29
1.84
2.06
2.73
3.16
5.58
9.67
12.9
12.9
Long-term debt
0
0
0
1.25
0.86
0.54
0.89
0.83
Total liabilities
1.79
2.29
1.84
2.06
3.49
5.01
6.5
10.3
14
14
Total debt
0
0
Paid-in capital
8.19
8.59
8.83
8.84
8.84
8.84
9.18
10.1
11.5
13.3
Retained earnings
-9.54
-10.5
-10.4
-10.6
-10.7
-11.1
-12
-19.9
-22.7
-25.9
Shareholders' equity
-1.35
-1.91
-1.57
-1.7
-1.87
-2.24
-2.8
-9.78
-11.2
-12.6
Total equity
-1.35
-1.91
-1.57
-1.7
-1.87
-2.24
-2.8
-9.78
-11.2
-12.6
Total liabilities and equity
0.44
0.38
0.27
0.36
1.62
2.77
3.7
0.54
2.8
1.45
Shares outstanding
54.5
54.5
54.5
54.5
54.5
54.5
54.5
66.2
72
74.8
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-0.66
-0.96
0.1
-0.15
-0.17
-0.37
-0.9
-7.89
-2.87
-3.18
Depreciation and amortization
0
0.01
0.06
0.04
0.02
0.03
Stock-based compensation
0.58
0.4
0.24
0.01
0
0.28
0.16
1.1
Change in receivables
-0.01
0.01
Change in payables
0.24
0.5
-0.45
0.22
0.01
-0.34
0.1
0.15
-0.01
-0.06
Cash from operations
0.31
-0.06
-0.22
0.18
0.01
-1.23
-1.2
-1.71
-0.63
-1.65
Capital expenditures
-0.06
-0
Acquisitions
-0.06
Cash from investing
0
0
0
0
0
-0.33
-1.42
-0.93
0.14
-3.17
Stock issued
0
0.27
1.22
Cash from financing
0
0
0
0
1.23
1.22
1.54
2.54
2.47
3.11
Net change in cash
0.31
-0.06
-0.22
0.18
1.24
-0.34
-1.09
-0.1
1.98
-1.71
Free cash flow
-1.26
-1.71
Interest paid
0.04
0.1
0.08
0.08
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to February 28, 2026; growth uses fiscal years. Valuation uses the share price of $0.60 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
100.0%
Gross profit / revenue.
Operating margin
-193,357.0%
Operating income / revenue.
EBITDA margin
-192,399.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-221,717.0%
Net income / revenue.
Operating cash flow margin
-58,020.0%
Cash from operations / revenue.
Return on assets (ROA)
-491.3%
Net income / average total assets.
SG&A / revenue
136,454.0%
Selling, general and administrative expense / revenue.
D&A / revenue
958.3%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-74.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-75.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-74.1%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-74.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y
-44.3%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-48.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-26.9%
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
-2.3%
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
0.02x
Current assets / current liabilities.
Quick ratio
0.02x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.02x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/S
15,067x
Market cap / revenue.
EV/Sales
14,983x
Enterprise value / revenue.
Earnings yield
-14.7%
Net income / market cap (the inverse of P/E).
What was Laredo Oil, Inc.'s revenue in fiscal 2025?
Laredo Oil, Inc. reported revenue of $9.4K for fiscal 2025, 74.2% lower than the year before.
Was Laredo Oil, Inc. profitable in fiscal 2025?
No. It reported a net loss of $3.2M.
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.