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Profile & Fundamentals

Lithium Americas Profile & Fundamentals

Name: Lithium Americas financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

Lithium Americas Corp., a resource and materials company, focuses on developing, building, and operating of lithium deposits and chemical processing facilities in the United States and Canada. The company's flagship asset is the Thacker Pass project located in the McDermitt Caldera in Humboldt County, northern Nevada, as well as invests in exploration properties in the United States and Canada. Lithium Americas Corp. was incorporated in 2023 and is headquartered in Vancouver, Canada.

Company profile record

Lithium Americas Corp

Common Stock · Materials · Diversified Metals & Mining

Official website

Company

Company / asset: Lithium Americas Corp
Security type: Common Stock
Sector: Materials
Industry: Diversified Metals & Mining
HQ: 🇨🇦 Canada
Head office: 3260 ? 666 Burrard Street, Vancouver, BC, Canada, V6C 2X8

Leadership & scale

Chief executive: Mr. Jonathan David Evans
CEO year born: 1971
Full-time employees: 94
Fiscal year end: December
IPO date: 2018-01-25

Fundamentals snapshot

Updated 2026-09-14

Market Cap: USD 1.1B
P/E: --
Revenue (Q2 26): USD 0.00
Profit (Q2 26): USD 2.1M
Dividend Yield: --
Revenue (FY 25): USD 0.00
Shares in public float: 346.3M
Insider ownership: 6.97%

Reporting & identifiers

Symbol: LAC.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: CA53680Q2071
Asset ID: equity_4278512d-ae80-57cf-96af-bf9d5cf8590e

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Van Eck Associates Corporation10,932,556 shares · 6.66% · Reported 2026-03-31
D. E. Shaw & Co LP5,866,986 shares · 3.58% · Reported 2026-06-30
VanEck Rare Earth & Strat Mtls ETF5,765,134 shares · 3.51% · Reported 2026-08-29
Millennium Management LLC5,611,452 shares · 3.42% · Reported 2026-06-30
Connor Clark & Lunn Inv Mgmt Ltd4,769,224 shares · 2.91% · Reported 2026-03-31
Ghisallo Capital Management LLC3,919,802 shares · 2.39% · Reported 2026-03-31
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.3,551,275 shares · 2.16% · Reported 2026-03-31

View more holders (8)

VanEck RreErth&StratMtlsETFA$Acc3,411,275 shares · 2.08% · Reported 2026-08-31
Marshall Wace Asset Management Ltd3,186,424 shares · 1.94% · Reported 2026-03-31
Multipartner Konwave Transtn Mtls C CHF3,167,791 shares · 1.93% · Reported 2026-05-31
Global X MSCI Argentina ETF2,788,085 shares · 1.70% · Reported 2026-08-31
Firetrail Investments Pty Limited2,134,056 shares · 1.30% · Reported 2026-06-30
Jane Street Group LLC2,016,471 shares · 1.23% · Reported 2026-03-31
SELDON CAPITAL LP1,858,689 shares · 1.13% · Reported 2026-06-30
L1 Capital Pty Ltd1,369,956 shares · 0.83% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company is currently in a pre-revenue development stage, which means its financial statements show zero revenue and massive operating losses. Over the past year, the company has experienced a heavy cash drain, with free cash flow deeply negative as it pours money into building its flagship mine. The reports agree that traditional financial metrics like earnings per share are currently irrelevant, as this is a balance-sheet transition story. However, there is a clear disagreement on how to handle the near-term outlook. Some assessments warn that the ongoing cash burn and stock dilution make the stock highly speculative and painful to hold right now. Others emphasize that this cash drain is a temporary and necessary step to unlock massive future profits. Once commercial production begins around 2028, revenues are expected to scale rapidly, turning the company into a highly profitable cash generator.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

AI Review

Profit margins are currently non-existent because the company has no active sales. The reports agree that traditional valuation measures like price-to-earnings ratios are useless right now, and investors should focus on the company's cheap price-to-book ratio, which suggests the market is overly pessimistic. Looking ahead, there is strong consensus that the company will achieve exceptionally high once production begins. This profitability will be protected by a domestic pricing premium, as US automakers will pay more for secure, local minerals to qualify for government subsidies. The main disagreement is the timing and smoothness of this margin expansion. Some worry that early engineering bottlenecks and high startup costs will squeeze margins in the first year of production. Others believe the mine's low-cost clay extraction method will immediately deliver highly profitable, utility-like cash flows that shield the company from global commodity price drops.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	620,000	-11,525,000	-22,127,000	-98.71	-3,568.87	-3,568.87	-1,858.87
2017-12-31	4,290,000	-14,599,000	-33,250,000	-42.26	-589.35	-775.06	-340.3
2018-12-31	4,843,000	-20,546,000	-28,267,000	-40.41	-583.67	-583.67	-424.24
2019-12-31	0	-47,497,000	51,665,000	Not reported	Not reported	Not reported	Not reported
2020-12-31	0	-20,917,000	-26,549,129	Not reported	Not reported	Not reported	Not reported
2021-12-31	0	-44,871,000	-47,026,000	Not reported	Not reported	Not reported	Not reported
2022-12-31	0	-57,620,000	-67,798,000	Not reported	Not reported	Not reported	Not reported
2023-12-31	0	-228,470,000	-5,088,000	Not reported	Not reported	Not reported	Not reported
2024-12-31	0	-190,706,000	-42,528,000	Not reported	Not reported	Not reported	Not reported
2025-12-31	0	-840,730,224	-122,087,000	Not reported	Not reported	Not reported	Not reported

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	81,022,000
2018-01-01	88,666,500
2019-01-01	91,995,000
2020-01-01	125,432,300
2021-01-01	139,989,300
2022-01-01	160,047,700
2023-01-01	161,778,000
2024-01-01	200,817,000
2025-01-01	243,658,000
2026-01-01	401,738,000

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Dividends & Actions
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Company Events
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