Produces vanadium pentoxide for steel production.
Dec 2025Revenue $110M/yrExpenses $162M/yr
Fell below break-even Feb 2023
Figures by year
When will Largo be profitable again?
Its expenses passed its revenue in Feb 2023. In the 12 months to Dec 2025, revenue was $110M and expenses $162M.
| Fiscal year to | Revenue | Expenses | Pre-tax profit |
|---|---|---|---|
| Dec 2025 | $110M | $162M | −$51.7M |
| Dec 2024 | $125M | $196M | −$71.2M |
| Dec 2023 | $199M | $234M | −$35.1M |
| Dec 2022 | $229M | $225M | $4.04M |
| Dec 2021 | $198M | $167M | $31.8M |
| Dec 2020 | $120M | $112M | $7.72M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.