Largo Inc. (NASDAQ: LGO)

$0.73-3.05%today

Brazilian ADR trading on the NASDAQ, priced in US dollars.

Market Cap: $74.13M
P/E (TTM): —
P/B: 0.5x
EPS (TTM): $-0.94
Dividend Yield: —
52-Week Range: $0.55 – $2.70
Volume: 370K
Previous Close: $0.75

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-3.05%

1 Week

-7.59%

1 Month

+17.74%

YTD

-22.34%

1 Year

-45.52%

5 Years

-94.78%

About Largo Inc.

US Ticker: LGO
B3 Ticker: —
Exchange: NASDAQ
Currency: USD
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Headquarters: Toronto, ON, Canada
Employees: 500
CEO: Mr. Jesús Alberto Arias López
Founded: 1988

Largo Inc., together with its subsidiaries, produces, supplies, and sells vanadium and ilmenite products in Canada and internationally.

It operates through six segments: Sales and Trading; Mine Properties; Corporate; Exploration and Evaluation Properties; Clean Energy; and Largo Physical Vanadium.

The company offers vanadium pentoxide flakes and powder, vanadium trioxide powder, and ferrovanadium, as well as ilmenite concentrate; and vanadium flow battery electrolyte and technology.

Its products are used in steel, aerospace, defense, chemical and catalysts, master alloys, and titanium dioxide production applications.

The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021.

Largo Inc. was incorporated in 1988 and is headquartered in Toronto, Canada.

www.largoinc.com

Analyst Ratings

Consensus of 2 Wall Street analysts · sourced from Yahoo Finance

None

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$1.50

Average

$1.95

High

$2.40

The average target is +166.58% above the current price of $0.73.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Largo Inc.'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Solid

Net Margin: -60.4%
ROE: -44.3%
Rev Growth (YoY): -0.99%
Net Debt / EBITDA: —
Current Ratio: 0.55×
Interest Coverage: —
Free Cash Flow: -43.7M
Payout Ratio: 0.0%

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$108,799,675	-1.0%	$109,887,000	-12.0%	$124,920,000	-37.1%	$198,684,000	-13.3%	$229,251,000	+15.6%	$198,280,000	+65.3%	$119,987,000	-12.1%	$136,480,388	-64.3%	$382,821,964	+187.0%	$133,378,131	+120.7%	$60,436,723	+1003.5%	$5,476,727	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	-$15,598,447	+31.4%	-$22,753,000	-8.9%	-$20,898,000	-187.3%	$23,926,000	-59.8%	$59,532,000	-8.8%	$65,270,000	+106.6%	$31,597,000	+100.2%	$15,785,742	-94.4%	$283,157,493	+652.5%	$37,631,014	+258.4%	-$23,763,113	-51.4%	-$15,692,986	-27727.4%	-$56,394	-80.0%	-$31,331	+49.7%	-$62,234	+47.3%	-$117,999	-3171.4%	-$3,607	+18.1%	-$4,402	+31.8%	-$6,452	-241.7%	-$1,888	-29.6%	-$1,457
Operating income	-$38,103,602	+17.3%	-$46,064,000	+0.5%	-$46,280,000	-184.3%	-$16,277,000	-203.8%	$15,687,000	-57.3%	$36,714,000	+95.3%	$18,798,000	+297.1%	-$9,536,110	-103.6%	$267,617,453	+896.9%	$26,845,328	+179.6%	-$33,714,753	-35.6%	-$24,854,974	-94.5%	-$12,778,000	-149.1%	-$5,129,000	-44.0%	-$3,561,915	-9.3%	-$3,258,461	-32.2%	-$2,463,897	-90.3%	-$1,294,420	+81.1%	-$6,861,912	-227.6%	-$2,094,526	-39.2%	-$1,505,155
EBITDA	—	—	-$16,537,000	+50.1%	-$33,110,000	-965.8%	$3,824,000	-86.8%	$28,963,000	-47.7%	$55,398,000	+108.8%	$26,529,000	+34.7%	$19,690,302	-93.2%	$288,819,629	+471.2%	$50,567,793	+408.9%	$9,936,016	+139.3%	-$25,283,000	-54.7%	-$16,342,000	-220.7%	-$5,096,000	-45.6%	-$3,499,681	-11.4%	-$3,140,463	-30.6%	-$2,403,881	-86.3%	-$1,290,018	+82.1%	-$7,198,711	-37.3%	-$5,243,110	-40.3%	-$3,736,044
Net profit	-$65,711,858	+4.1%	-$68,509,000	-37.5%	-$49,828,000	-64.2%	-$30,343,000	-1991.2%	-$1,451,000	-106.4%	$22,571,000	+233.8%	$6,761,000	+119.3%	-$35,020,275	-115.1%	$231,974,332	+2901.1%	-$8,281,510	+80.0%	-$41,388,289	+55.8%	-$93,652,040	-107.6%	-$45,107,937	-314.9%	-$10,871,831	+57.1%	-$25,343,673	-565.8%	-$3,806,499	-11.6%	-$3,410,457	-325.1%	-$802,276	+87.2%	-$6,277,528	-18.5%	-$5,296,353	-114.7%	-$2,467,361
Gross margin	-14.3%	+6.4 p.p.	-20.7%	-4.0 p.p.	-16.7%	-28.8 p.p.	12.0%	-13.9 p.p.	26.0%	-7.0 p.p.	32.9%	+6.6 p.p.	26.3%	+14.8 p.p.	11.6%	-62.4 p.p.	74.0%	+45.8 p.p.	28.2%	+67.5 p.p.	-39.3%	+247.2 p.p.	-286.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	-35.0%	+6.9 p.p.	-41.9%	-4.9 p.p.	-37.0%	-28.9 p.p.	-8.2%	-15.0 p.p.	6.8%	-11.7 p.p.	18.5%	+2.8 p.p.	15.7%	+22.7 p.p.	-7.0%	-76.9 p.p.	69.9%	+49.8 p.p.	20.1%	+75.9 p.p.	-55.8%	+398.0 p.p.	-453.8%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA margin	—	—	-15.0%	+11.5 p.p.	-26.5%	-28.4 p.p.	1.9%	-10.7 p.p.	12.6%	-15.3 p.p.	27.9%	+5.8 p.p.	22.1%	+7.7 p.p.	14.4%	-61.0 p.p.	75.4%	+37.5 p.p.	37.9%	+21.5 p.p.	16.4%	+478.1 p.p.	-461.6%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net margin	-60.4%	+1.9 p.p.	-62.3%	-22.5 p.p.	-39.9%	-24.6 p.p.	-15.3%	-14.6 p.p.	-0.6%	-12.0 p.p.	11.4%	+5.7 p.p.	5.6%	+31.3 p.p.	-25.7%	-86.3 p.p.	60.6%	+66.8 p.p.	-6.2%	+62.3 p.p.	-68.5%	+1641.5 p.p.	-1710.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue growth (YoY)	-1.0%	+11.0 p.p.	-12.0%	+25.1 p.p.	-37.1%	-23.8 p.p.	-13.3%	-29.0 p.p.	15.6%	-49.6 p.p.	65.3%	+77.3 p.p.	-12.1%	+52.3 p.p.	-64.3%	-251.4 p.p.	187.0%	+66.3 p.p.	120.7%	-882.8 p.p.	1003.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Effective tax rate	—	—	-33.0%	-62.0 p.p.	29.0%	+21.3 p.p.	7.7%	-147.4 p.p.	155.1%	+126.2 p.p.	28.9%	+16.5 p.p.	12.5%	+27.3 p.p.	-14.8%	-16.9 p.p.	2.1%	+17.3 p.p.	-15.3%	+42.6 p.p.	-57.9%	-53.2 p.p.	-4.7%	-4.4 p.p.	-0.3%	-0.3 p.p.	0.0%	-63.4 p.p.	63.4%	+63.4 p.p.	-0.0%	+36.1 p.p.	-36.1%	-68.3 p.p.	32.1%	+18.8 p.p.	13.3%	-48.7 p.p.	62.0%	+28.0 p.p.	34.0%
Interest coverage	—	—	-2.93×	+55.1%	-6.53×	-147.4%	-2.64×	-176.4%	3.45×	-88.2%	29.16×	+319.8%	6.95×	+569.6%	-1.48×	-116.2%	9.13×	+1293.6%	0.66×	+239.2%	-0.47×	+93.1%	-6.83×	+91.9%	-84.48×	-666.0%	-11.03×	+93.4%	-167.43×	+90.4%	-1741.56×	-7056.1%	-24.34×	+63.9%	-67.50×	-421.3%	-12.95×	—	—	—	—

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$97,099,294	+1099.4%	-$9,716,000	-110.9%	-$4,606,000	-114.0%	$32,929,656	+365.2%	-$12,417,000	+81.3%	-$66,240,000	-21.9%	-$54,357,000	+57.6%	-$128,148,062	-96.5%	-$65,221,765	-144.0%	$148,135,189	-27.7%	$204,984,748	+31.0%	$156,449,207	-13.4%	$180,563,547	+32.5%	$136,264,170	+182.2%	$48,285,972	+1524.6%	-$3,389,370	-346.1%	-$759,698	+12.4%	-$867,575	-80.8%	-$479,816	+61.4%	-$1,241,461	+1.5%	-$1,259,750
Net Debt / Equity	0.65×	+978.4%	-0.07×	-166.7%	-0.03×	-121.0%	0.13×	+384.5%	-0.05×	+81.2%	-0.25×	-13.4%	-0.22×	+53.1%	-0.47×	-182.2%	-0.17×	-106.6%	2.51×	-75.6%	10.27×	+116.3%	4.75×	+275.5%	1.26×	+63.1%	0.78×	+191.0%	0.27×	+849.3%	-0.04×	-116.9%	-0.02×	+38.0%	-0.03×	-38.4%	-0.02×	+79.2%	-0.09×	+55.5%	-0.21×
Net Debt / EBITDA	—	—	0.59×	+322.3%	0.14×	-98.4%	8.61×	+2108.6%	-0.43×	+64.1%	-1.20×	+41.6%	-2.05×	+68.5%	-6.51×	-2782.0%	-0.23×	-107.7%	2.93×	-85.8%	20.63×	+433.4%	-6.19×	+44.0%	-11.05×	+58.7%	-26.74×	-93.8%	-13.80×	-1378.4%	1.08×	+241.5%	0.32×	-53.0%	0.67×	+909.0%	0.07×	-71.9%	0.24×	-29.8%	0.34×
Debt / Equity	0.73×	—	—	—	0.11×	-65.5%	0.31×	+94.2%	0.16×	+139.9%	0.07×	-34.1%	0.10×	—	—	—	0.22×	-93.2%	3.24×	-68.5%	10.30×	+114.0%	4.81×	+260.8%	1.33×	+53.9%	0.87×	+211.2%	0.28×	+583.3%	0.04×	+211.1%	0.01×	—	—	—	0.00×	—	—	—	—
Current ratio	0.55×	+8.3%	0.51×	-37.9%	0.82×	-74.7%	3.23×	-18.3%	3.96×	+3.0%	3.84×	+24.0%	3.10×	+54.8%	2.00×	+43.8%	1.39×	+90.7%	0.73×	+113.0%	0.34×	+74.2%	0.20×	-25.0%	0.26×	-79.0%	1.25×	-79.6%	6.10×	+494.4%	1.03×	-7.1%	1.11×	+44.1%	0.77×	+190.1%	0.26×	-52.3%	0.55×	-88.5%	4.82×
Return on equity (ROE)	-44.3%	+8.2 p.p.	-52.6%	-22.3 p.p.	-30.2%	-18.0 p.p.	-12.3%	-11.7 p.p.	-0.5%	-9.0 p.p.	8.5%	+5.8 p.p.	2.7%	+15.5 p.p.	-12.8%	-71.9 p.p.	59.1%	+73.1 p.p.	-14.0%	+193.4 p.p.	-207.4%	+76.9 p.p.	-284.3%	-252.7 p.p.	-31.6%	-25.4 p.p.	-6.2%	+7.8 p.p.	-14.0%	-10.0 p.p.	-4.0%	+3.4 p.p.	-7.4%	-4.9 p.p.	-2.4%	+22.6 p.p.	-25.0%	+14.2 p.p.	-39.2%	+1.2 p.p.	-40.5%
Return on assets (ROA)	-19.0%	+2.4 p.p.	-21.5%	-5.9 p.p.	-15.6%	-8.0 p.p.	-7.7%	-7.2 p.p.	-0.4%	-7.6 p.p.	7.2%	+4.9 p.p.	2.3%	+11.7 p.p.	-9.4%	-66.6 p.p.	57.2%	+60.0 p.p.	-2.8%	+12.9 p.p.	-15.7%	+25.4 p.p.	-41.2%	-28.6 p.p.	-12.5%	-9.4 p.p.	-3.1%	+7.3 p.p.	-10.4%	-8.3 p.p.	-2.1%	+3.1 p.p.	-5.2%	-3.4 p.p.	-1.8%	+15.5 p.p.	-17.3%	+7.1 p.p.	-24.4%	+14.0 p.p.	-38.4%
Book value / share	$1.65	-13.8%	$1.92	-25.5%	$2.57	-33.5%	$3.86	-6.2%	$4.12	+0.8%	$4.08	+1.4%	$4.03	-21.2%	$5.11	-16.4%	$6.11	+383.9%	$1.26	+145.0%	$0.52	-73.8%	$1.97	-86.1%	$14.14	-27.9%	$19.61	-27.5%	$27.03	+10.8%	$24.39	+34.3%	$18.16	+9.8%	$16.54	-17.2%	$19.98	+31.3%	$15.22	+37.0%	$11.11

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

Dividend History

$0.00

Largo Inc. has not paid dividends over the past decade.

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Largo Inc. trades on 2 exchanges. Prices on this page are the NASDAQ ADR (LGO).

Exchange	Ticker	Currency
NASDAQpriced here	LGO	USD
Toronto (TSX)	LGO	CAD

Frequently Asked Questions

Why hold Largo Inc. LGO ADR instead of local B3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Largo Inc. listed?

Largo Inc. trades on 2 exchanges. The line quoted on this page is NASDAQ in the United States (LGO, US dollars). It also trades on Toronto (TSX) in Canada (LGO, Canadian dollars).

On how many exchanges does Largo Inc. trade?

2. NASDAQ — LGO (USD) · Toronto (TSX) — LGO (CAD). Prices shown on this page are the NASDAQ line, LGO.

What is Largo Inc.'s primary listing?

Largo Inc.'s primary listing is on NASDAQ in the United States, where it trades as LGO in US dollars — the line quoted on this page. It has no directly listed share on Brazil’s B3. The company also trades on Toronto (TSX) in Canada (LGO, Canadian dollars).

How can I buy Largo Inc. stock in the United States?

Largo Inc. is listed on the NASDAQ under LGO, priced in US dollars. Any US brokerage offering NASDAQ-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 3, 2026

← All stocks & ETFs