Lithium Argentina AG (LAR) financial statements
Net income was -$75M.
Free cash flow was -$30M.
The diluted share count rose 113% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Lithium Argentina AG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4M | $5M | — | — | — | — | — | — | — |
| Cost of revenue | $6M | $7M | — | — | — | — | — | — | — |
| Gross profit | -$2M | -$2M | — | — | — | — | — | — | — |
| Research and development | $423,000 | $578,000 | — | — | — | — | — | — | — |
| Selling, general and admin | $7M | $9M | $7M | $8M | $10M | $13M | $21M | $15M | $16M |
| Interest expense | — | $343,000 | $3M | $4M | $14M | $21M | $23M | $25M | $32M |
| Pre-tax income | — | -$14M | $55M | -$34M | -$39M | -$33M | $28M | -$26M | -$76M |
| Income tax | — | — | $1M | $1M | $0 | $0 | $11M | -$11M | $468,000 |
| Net income | -$33M | -$28M | $52M | -$36M | -$38M | -$94M | $1.3B | -$15M | -$75M |
| EPS (diluted) | — | -$0.32 | $0.56 | -$0.39 | -$0.32 | -$0.70 | $8.02 | -$0.09 | -$0.47 |
| Diluted shares | 76M | 89M | 92M | 92M | 119M | 134M | 161M | 161M | 162M |
| Gross margin | -42.3% | -40.4% | — | — | — | — | — | — | — |
| Net margin | -775.1% | -583.7% | — | — | — | — | — | — | — |
Balance sheet
Fiscal years, from Lithium Argentina AG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $55M | $42M | $84M | $148M | $511M | $194M | $122M | $86M | $61M |
| Receivables | $1M | $2M | $3M | $1M | $2M | $4M | $5M | $4M | $369,000 |
| Inventory | $2M | $2M | $1M | — | — | — | — | — | — |
| Total current assets | $61M | $47M | $93M | $154M | $533M | $356M | $134M | $117M | $85M |
| Property, plant and equipment | $18M | $5M | $159M | $2M | $4M | $9M | $9M | $9M | $9M |
| Total assets | $113M | $104M | $294M | $327M | $817M | $1.0B | $1.1B | $1.1B | $1.1B |
| Total current liabilities | $4M | $3M | $15M | $9M | $8M | $20M | $215M | $240M | $281M |
| Long-term debt | $751,000 | $18M | $117M | $125M | $29M | $3M | — | — | — |
| Total liabilities | $5M | $22M | $134M | $136M | $281M | $233M | $226M | $240M | $283M |
| Shareholders' equity | $109M | $82M | $160M | $191M | $536M | $784M | $829M | $828M | $768M |
| Net debt | -$55M | -$24M | $33M | -$23M | -$482M | -$191M | -$122M | -$86M | -$61M |
Cash flow
Fiscal years, from Lithium Argentina AG's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13M | -$19M | -$18M | -$31M | -$53M | -$65M | -$59M | -$22M | -$30M |
| Capital spending | $1M | $586,000 | $29M | $61M | $579,000 | $169,000 | $5M | $971,000 | $0 |
| Free cash flow | -$14M | -$19M | -$47M | -$92M | -$54M | -$65M | -$64M | -$23M | -$30M |
| Stock-based compensation | $12M | $5M | $4M | $7M | $6M | $1M | $8M | $7M | $15M |
| Net borrowing | -$125,000 | -$129,000 | -$135,000 | $0 | -$205M | -$25M | — | $0 | — |
| Free cash flow margin | -325.7% | -395.0% | — | — | — | — | — | — | — |
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How much free cash flow does Lithium Argentina AG generate?
-$30M in fiscal 2025 (operating cash flow minus capital spending).
From Lithium Argentina AG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.