Largo (LGO) Gross Profit (2021 - 2024)

Largo (LGO) recorded quarterly Gross Profit of -$1.8 billion in Q2 2024, up 25.51% quarter-over-quarter from -$2.4 billion in Q2 2023, and up 25.51% on a YoY basis from -$1.4 billion in Q3 2023.

Largo (LGO) Gross Profit (2021 - 2024) Analysis & Trends

Largo's Gross Profit history runs 4 years deep, the most recent figure standing at -$1.8 billion for Q2 2024.

  • In Q2 2024, Gross Profit rose 25.51% year-over-year to -$1.8 billion; the TTM figure through Jun 2024 stood at -$4.1 billion (changed N/A YoY), while the FY2021 annual figure was $198.3 million, up 63.03% from the prior year.
  • Gross Profit was -$1.8 billion for Q2 2024 at Largo, up from -$2.4 billion in the prior quarter.
  • In the past five years, Gross Profit ranged from a high of $50.3 million in Q4 2021 to a low of -$2.4 billion in Q2 2023.
  • Historically, Gross Profit has averaged -$1.0 billion across 4 years, with a median of -$871.4 million in 2022.
  • Biggest YoY gain for Gross Profit was 25.51% in 2024; the steepest drop was 25.51% in 2024.
  • A 4-year view of Gross Profit shows it stood at $50.3 million in 2021, then retreated by 15.18% to $42.7 million in 2022, then slumped by 5715.26% to -$2.4 billion in 2023, then rose by 25.51% to -$1.8 billion in 2024.
  • The last three Gross Profit figures came in at -$1.8 billion (Q2 2024), -$2.4 billion (Q2 2023), and $42.7 million (Q1 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn -
2 Bhp 421.29 Bn 411.77 Bn -
3 Skeena Resources 17.36 Bn 17.34 Bn -
4 Ioneer 10.78 Bn 10.76 Bn -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn
6 Iperionx 8.57 Bn 8.52 Bn -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn
10 Largo 77,111.03 -8.46 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2024 -1.79 Bn
Jun 30, 2024 -1.79 Bn
Jun 30, 2023 -2.40 Bn
Jun 30, 2023 -2.40 Bn
Mar 31, 2022 42.69 Mn
Mar 31, 2022 42.69 Mn
Dec 31, 2021 50.32 Mn
Dec 31, 2021 50.32 Mn