LAC

MKT CAP:$1B

Lithium Americas Corp.

Market Cap

$1B

Basic Materials·Industrial Materials·🇨🇦 Canada·NYSE

Materials·Industrial·🇨🇦·NYSE

Stock Price

$4.64-$0.13 (-2.73%)

Apr 24, 2026

Company Details

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass proje...

CEO

Jonathan David Evans

IPO Date

Sep 18, 2008

Website

www.lithiumamericas.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

$3M

EPS (Diluted)

$0.02

Free Cash Flow

-$197M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

349.4x

Earnings Reports

Q2 2024

May 14, 2026

PENDING

Q1 2024

May 13, 2024

$0EPS -$0.04

FY 2023

Mar 18, 2024

$0EPS -$0.02

Q3 2023

Nov 8, 2023

$0EPS -$0.00

Q2 2023

Aug 11, 2023

$0EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$0	$0	-$10M
Q2 20	$0	$0	-$7M
Q3 20	$0	$0	-$5M
Q4 20	$0	$0	-$7M
Q1 21	$0	$0	-$8M
Q2 21	$0	$0	-$13M
Q3 21	$0	$0	-$14M
Q4 21	$0	$0	-$8M
Q1 22	$0	$0	-$11M
Q2 22	$0	$0	-$14M
Q3 22	$0	$0	-$11M
Q4 22	$0	$0	-$24M
Q1 23	$0	$0	-$6M
Q2 23	$0	$0	-$5M
Q3 23	$0	$0	-$3M
Q1 24	$0	$0	-$6M

Valuation

Quarter	P/S	P/E
Q1 20	—	3.6x
Q2 20	—	6.0x
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q1 24	—	485.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	-$8M	-$36M
Q2 20	-$8M	-$33M
Q3 20	-$7M	-$17M
Q4 20	-$7M	-$7M
Q1 21	-$11M	-$12M
Q2 21	-$9M	-$9M
Q3 21	-$17M	-$18M
Q4 21	-$16M	-$17M
Q1 22	-$13M	-$13M
Q2 22	-$14M	-$17M
Q3 22	-$12M	-$13M
Q4 22	-$13M	-$14M
Q1 23	-$18M	-$28M
Q2 23	-$9M	-$55M
Q3 23	-$7M	-$66M
Q1 24	-$2M	-$48M

Capital Expenditures

Quarter	CapEx
Q1 20	$28M
Q2 20	$24M
Q3 20	$10M
Q4 20	$20.0K
Q1 21	$481.0K
Q2 21	$71.0K
Q3 21	$1M
Q4 21	$157.0K
Q1 22	$655.0K
Q2 22	$3M
Q3 22	$823.0K
Q4 22	$655.0K
Q1 23	$10M
Q2 23	$47M
Q3 23	$59M
Q1 24	$47M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	-100.0%	+92.2%
Q2 20	-100.0%	-3.9%
Q3 20	-100.0%	+107.2%
Q4 20	+100.0%	+1121.7%
Q1 21	—	-25.2%
Q2 21	—	+100.0%
Q3 21	—	+168.3%
Q4 21	—	+10.1%
Q1 22	—	+48.4%
Q2 22	—	+8.7%
Q3 22	—	-15.9%
Q4 22	—	+204.7%
Q1 23	—	-50.7%
Q2 23	—	-63.9%
Q3 23	—	-72.3%
Q1 24	—	-76.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$3M	—
Q2 20	$0	—
Q3 20	$702.0K	—
Q4 20	$2M	—
Q1 21	$1M	—
Q2 21	$1M	—
Q3 21	$925.0K	—
Q4 21	$3M	—
Q1 22	$300.0K	—
Q2 22	$559.0K	—
Q3 22	$0	—
Q4 22	$1M	—
Q1 23	$195	—
Q2 23	$0	—
Q3 23	$0	—
Q1 24	$1M	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 20	$5M	—	—
Q2 20	—	—	$7M
Q3 20	$2M	—	—
Q4 20	$5M	—	—
Q1 21	$4M	—	—
Q2 21	—	—	$13M
Q3 21	$3M	—	—
Q4 21	$5M	—	—
Q1 22	$718.0K	$11M	—
Q2 22	$1M	$13M	—
Q3 22	$1M	$10M	—
Q4 22	$6M	$18M	—
Q1 23	$2M	$4M	—
Q2 23	$4M	$1M	—
Q3 23	$3M	$520.0K	—
Q1 24	$4M	$1M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$492M	$0	$492M
Q2 22	$441M	$0	$441M
Q3 22	$186M	$207M	$392M
Q4 22	$636.0K	$0	$636.0K
Q1 23	$309M	$0	$309M
Q2 23	$262M	$0	$262M
Q3 23	$200M	$0	$200M
Q4 23	$196M	$0	$196M
Q1 24	$147M	$0	$147M
Q2 24	$376M	$0	$376M
Q3 24	$341M	$0	$341M
Q4 24	$594M	$264.0K	$594M
Q1 25	$447M	$0	$447M
Q2 25	$509M	$0	$509M
Q3 25	$385M	$0	$385M
Q4 25	$568M	$0	$568M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	90M	-2.3%	+1.3%
Q2 20	90M	+0.3%	+1.4%
Q3 20	91M	+0.7%	-1.5%
Q4 20	125M	+38.1%	+36.3%
Q1 21	115M	-8.2%	+28.0%
Q2 21	121M	+4.8%	+33.7%
Q3 21	120M	-0.6%	+32.1%
Q4 21	140M	+16.7%	+11.6%
Q1 22	143M	+2.0%	+24.1%
Q2 22	160M	+12.0%	+32.7%
Q3 22	143M	-10.7%	+19.1%
Q4 22	160M	+12.0%	+14.3%
Q1 23	143M	-10.7%	0.0%
Q2 23	160M	+12.0%	0.0%
Q3 23	160M	0.0%	+12.0%
Q1 24	162M	+1.2%	+1.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q1 24	$0	87

Revenue / Employee