SGML

MKT CAP:$2B

Sigma Lithium Corporation

Market Cap

$2B

Basic Materials·Industrial Materials·🇧🇷 Brazil·NASDAQ

Materials·Industrial·🇧🇷·NASDAQ

Stock Price

$20.16+$5.95 (+41.87%)

Apr 23, 2026

Company Details

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area ...

CEO

Ana Cabral-Gardner

IPO Date

Jul 3, 2018

Website

www.sigmalithiumresources.com

Key Metrics TTM

Revenue

$171M

— YoY

Net Income

$14M

EPS (Diluted)

$0.11

Free Cash Flow

-$43M

Revenue / Share

$1.47

Gross Margin

48.3%

Operating Margin

-3.6%

Net Margin

8.3%

FCF Margin

-25.0%

P/S

12.7x

P/E

153.5x

Earnings Reports

Q1 2025

May 13, 2026

PENDING

FY 2025

Mar 30, 2026

$110M-27.9%EPS -$0.45

FY 2024

Mar 31, 2025

$153MEPS -$0.46

Q4 2024

Mar 31, 2025

$49MEPS -$0.07

Q1 2024

Mar 29, 2024

$27MEPS -$0.06

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 17	$0	$0	-$13.2K
Q3 17	$0	$0	-$21.0K
Q4 17	$0	-$6.1K	-$733.4K
Q1 18	$0	-$3.7K	-$14.9K
Q3 18	$0	-$3.8K	-$1M
Q4 18	$0	-$5.2K	-$4M
Q1 19	$0	-$22.1K	-$806.1K
Q2 19	$0	-$1.5K	-$1M
Q3 19	$0	-$11.5K	-$746.9K
Q4 19	$0	-$14.3K	-$142.8K
Q1 20	$0	-$12.5K	-$323.2K
Q2 21	$0	-$8.1K	-$540.0K
Q3 21	$0	-$10.7K	-$8M
Q3 23	$95M	$61M	$0
Q1 24	$27M	$6M	-$230.2K
Q4 24	$49M	$16M	$2M

Valuation

Quarter	P/S	P/E
Q2 17	—	—
Q3 17	—	—
Q4 17	—	—
Q1 18	—	—
Q3 18	—	—
Q4 18	—	—
Q1 19	—	—
Q2 19	—	—
Q3 19	—	—
Q4 19	—	—
Q1 20	—	—
Q2 21	—	—
Q3 21	—	—
Q3 23	35.2x	123.8x
Q1 24	12.8x	70.6x
Q4 24	7.5x	91.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 17	-$11.4K	-$11.4K
Q3 17	-$19.8K	-$19.8K
Q4 17	-$584.9K	-$2M
Q1 18	-$7.1K	-$136.9K
Q3 18	-$2M	-$4M
Q4 18	$334.4K	-$4M
Q1 19	-$318.7K	-$2M
Q2 19	$3M	$2M
Q3 19	-$1M	-$1M
Q4 19	-$443.4K	-$1M
Q1 20	-$353.3K	-$589.3K
Q2 21	-$657.8K	-$665.1K
Q3 21	$147.2K	-$3M
Q3 23	-$6M	-$17M
Q1 24	-$8M	-$11M
Q4 24	-$12M	-$12M

Capital Expenditures

Quarter	CapEx
Q2 17	$0
Q3 17	$0
Q4 17	$1M
Q1 18	$129.8K
Q3 18	$2M
Q4 18	$4M
Q1 19	$1M
Q2 19	$849.4K
Q3 19	$320.1K
Q4 19	$729.5K
Q1 20	$236.0K
Q2 21	$7.3K
Q3 21	$3M
Q3 23	$10M
Q1 24	$3M
Q4 24	$385.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	—	+19.4%
Q3 17	—	-28.4%
Q4 17	—	+8153.7%
Q1 18	—	+104.8%
Q3 18	—	+8820.8%
Q4 18	—	+17516.1%
Q1 19	—	+9.9%
Q2 19	—	+7906.4%
Q3 19	—	-36.5%
Q4 19	—	-96.1%
Q1 20	—	-59.9%
Q2 21	—	-54.8%
Q3 21	—	+989.0%
Q3 23	—	+66383.6%
Q1 24	—	+8384.1%
Q4 24	—	+8594.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 17	$0	—
Q3 17	$0	—
Q4 17	$122.8K	—
Q1 18	$0	—
Q3 18	$643.5K	—
Q4 18	-$190.2K	—
Q1 19	$1.9K	—
Q2 19	$382.4K	—
Q3 19	$239.4K	—
Q4 19	-$435.0K	—
Q1 20	$90.8K	—
Q2 21	$0	—
Q3 21	$7M	—
Q3 23	-$2M	-1.8%
Q1 24	$0	0.0%
Q4 24	$3M	5.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 17	—	$13.2K	—	—
Q3 17	—	$21.0K	—	—
Q4 17	—	$721.2K	—	—
Q1 18	—	$310.8K	$9.9K	—
Q3 18	—	$2M	$157.2K	—
Q4 18	—	$188.5K	—	—
Q1 19	—	$784.1K	—	—
Q2 19	—	$1M	—	—
Q3 19	—	$841.2K	—	—
Q4 19	—	$114.1K	—	—
Q1 20	—	$310.6K	—	—
Q2 21	—	—	—	$531.9K
Q3 21	—	$8M	—	—
Q3 23	—	$9M	$1M	—
Q1 24	$201.7K	$5M	$779.0K	—
Q4 24	—	$6M	$2M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$103M	$0	$103M
Q2 22	$90M	$0	$90M
Q3 22	$62M	$0	$62M
Q4 22	$70M	$0	$70M
Q1 23	$50M	$0	$50M
Q2 23	$33M	$0	$33M
Q3 23	$21M	$0	$21M
Q4 23	$47M	$0	$47M
Q1 24	$79M	$0	$79M
Q2 24	$75M	$0	$75M
Q3 24	$65M	$0	$65M
Q4 24	$48M	$0	$48M
Q1 25	$31M	$0	$31M
Q2 25	$15M	$0	$15M
Q3 25	$6M	$0	$6M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 17	677K	+23.0%	+61.3%
Q3 17	677K	0.0%	+61.3%
Q4 17	670K	-1.1%	+59.6%
Q1 18	670K	0.0%	+21.7%
Q3 18	67M	+9900.0%	+9790.1%
Q4 18	67M	0.0%	+9790.1%
Q1 19	67M	+0.0%	+9903.6%
Q2 19	68M	+1.7%	+10076.6%
Q3 19	69M	+1.0%	+2.8%
Q4 19	69M	0.0%	+2.8%
Q1 20	69M	+0.1%	+2.8%
Q2 21	87M	+26.8%	+28.2%
Q3 21	87M	0.0%	+26.9%
Q3 23	109M	+24.9%	+58.4%
Q1 24	110M	+1.3%	+60.4%
Q4 24	117M	+5.7%	+33.7%

Shares Outstanding