What is Lithium Argentina AG's earnings per share (EPS)?

Lithium Argentina AG (LAR) reported diluted earnings per share of $-0.47 for fiscal year 2025. This represents a -422.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lithium Argentina AG Financials

LAR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Lithium Argentina AG (LAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LAR FY2025 2026-04-22

A cash-burning balance sheet has shifted from funding-cushion abundance toward active near-term liquidity management.

The reported profit spike of $1.29B arrived alongside -$59.0M of operating cash flow, so the earnings surge did not mark a cash-producing operating turn. Two years later, cash was lower at $61.1M versus $122.3M, which shows the business is still being carried by prior financing and asset resources rather than by internally generated cash.

Short-term liquidity is tighter than the capital structure first suggests: current assets of $84.7M covered only part of current liabilities of $281.0M, which makes near-term obligations the key operational constraint. Balance-sheet depth still exists, though, because total equity of $816.9M remained well above total liabilities of $282.8M; the strain is about timing and access to liquid resources, not a debt-heavy balance sheet.

The latest cash burn was not capex-driven: free cash flow of -$30.0M matched operating cash flow while capital spending was $0, so outflows came from ongoing operating needs rather than new asset buildout. That matters because the earlier financing cushion has been used up; an earlier funding inflow of $531.4M has dwindled to cash of $61.1M, leaving much less room to absorb continued burn without fresh funding or asset monetization.

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Lithium Argentina AG's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Lithium Argentina AG carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Lithium Argentina AG's current ratio of 0.30 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Lithium Argentina AG earns a strong -9.4% return on equity (ROE), meaning it generates $-9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is down from -1.7% the prior year.

Piotroski F-Score Weak

1/9

Lithium Argentina AG passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, Lithium Argentina AG generates $0.39 in operating cash flow (-$30.0M OCF vs -$76.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$76.9M

YoY-404.5%

Lithium Argentina AG reported -$76.9M in net income in fiscal year 2025. This represents a decrease of 404.5% from the prior year.

EPS (Diluted)

$-0.47

YoY-422.2%

Lithium Argentina AG earned $-0.47 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 422.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$30.0M

YoY-31.5%

Lithium Argentina AG generated -$30.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.5% from the prior year.

Cash & Debt

$61.1M

YoY-28.5%

5Y CAGR-16.2%

Lithium Argentina AG held $61.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

162M

YoY+0.3%

5Y CAGR+9.9%

Lithium Argentina AG had 162M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-9.4%

YoY-7.7pp

5Y CAGR+9.6pp

Lithium Argentina AG's ROE was -9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Lithium Argentina AG invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

LAR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$468K+104.4%	-$10.7M-200.0%	$10.7M	$0	$0-100.0%	$1.2M
Net Income	-$76.9M-404.5%	-$15.2M-101.2%	$1.3B+1476.9%	-$93.6M-143.1%	-$38.5M-6.2%	-$36.2M
EPS (Diluted)	$-0.47-422.2%	$-0.09-181.8%	$0.11+145.8%	$-0.24	N/A	$-0.38

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LAR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.1B-2.8%	$1.1B+7.2%	$1.1B+3.8%	$1.0B+24.4%	$817.3M+150.2%	$326.7M
Current Assets	$84.7M-27.8%	$117.4M-12.1%	$133.6M-62.5%	$356.1M-33.1%	$532.6M+245.1%	$154.3M
Cash & Equivalents	$61.1M-28.5%	$85.5M-30.1%	$122.3M-37.1%	$194.5M-61.9%	$510.6M+244.8%	$148.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$369K-89.8%	$3.6M-21.2%	$4.6M+15.5%	$4.0M+102.7%	$2.0M+57.4%	$1.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$282.8M+17.7%	$240.3M+6.3%	$226.1M-2.8%	$232.5M-17.3%	$281.0M+106.6%	$136.0M
Current Liabilities	$281.0M+16.9%	$240.3M+11.8%	$214.9M+994.1%	$19.6M+137.9%	$8.3M-5.7%	$8.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$130.5M
Total Equity	$816.9M-8.3%	$890.9M+7.5%	$828.9M+5.7%	$784.0M+46.2%	$536.3M+181.2%	$190.7M
Retained Earnings	-$745.0M-11.3%	-$669.5M-1.3%	-$661.2M-142.9%	-$272.2M-52.4%	-$178.7M-27.5%	-$140.2M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$1.1B-2.8%	$1.1B+7.2%	$1.1B+3.8%	$1.0B+24.4%	$817.3M+150.2%	$326.7M+11.2%	$293.8M+182.7%	$103.9M
Current Assets	$84.7M-27.8%	$117.4M-12.1%	$133.6M-62.5%	$356.1M-33.1%	$532.6M+245.1%	$154.3M+66.1%	$92.9M+98.0%	$46.9M
Cash & Equivalents	$61.1M-28.5%	$85.5M-30.1%	$122.3M-37.1%	$194.5M-61.9%	$510.6M+244.8%	$148.1M+77.1%	$83.6M+101.0%	$41.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	$1.2M-23.6%	$1.6M
Accounts Receivable	$369K-89.8%	$3.6M-21.2%	$4.6M+15.5%	$4.0M+102.7%	$2.0M+57.4%	$1.3M-51.8%	$2.6M+33.3%	$1.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$282.8M+17.7%	$240.3M+6.3%	$226.1M-2.8%	$232.5M-17.3%	$281.0M+106.6%	$136.0M+1.4%	$134.2M+519.6%	$21.7M
Current Liabilities	$281.0M+16.9%	$240.3M+11.8%	$214.9M+994.1%	$19.6M+137.9%	$8.3M-5.7%	$8.8M-41.6%	$15.0M+346.0%	$3.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$130.5M+8.5%	$120.2M+547.5%	$18.6M
Total Equity	$816.9M-8.3%	$890.9M+7.5%	$828.9M+5.7%	$784.0M+46.2%	$536.3M+181.2%	$190.7M+19.5%	$159.6M+94.0%	$82.3M
Retained Earnings	-$745.0M-11.3%	-$669.5M-1.3%	-$661.2M-142.9%	-$272.2M-52.4%	-$178.7M-27.5%	-$140.2M-112.9%	-$65.8M+52.2%	-$137.6M

LAR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$30.0M-37.3%	-$21.8M+63.0%	-$59.0M+9.6%	-$65.2M-22.6%	-$53.2M-72.2%	-$30.9M
Capital Expenditures	$0-100.0%	$971K-81.6%	$5.3M+3030.8%	$169K-70.8%	$579K-99.1%	$61.3M
Free Cash Flow	-$30.0M-31.5%	-$22.8M+64.5%	-$64.3M+1.7%	-$65.4M-21.6%	-$53.8M+41.7%	-$92.2M
Investing Cash Flow	$6.3M+107.3%	-$85.9M-119.6%	-$39.1M+83.1%	-$230.9M-99.3%	-$115.8M-171.9%	-$42.6M
Financing Cash Flow	-$332K-100.5%	$68.8M+467.5%	$12.1M+151.6%	-$23.5M-104.4%	$531.4M+285.6%	$137.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$4.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$277K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$4.9M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$12.7M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$7.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LAR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-9.4%-7.7pp	-1.7%-157.1pp	155.4%+167.4pp	-11.9%-4.8pp	-7.2%+11.8pp	-19.0%
Return on Assets	-7.0%-5.6pp	-1.4%-123.5pp	122.1%+131.3pp	-9.2%-4.5pp	-4.7%+6.4pp	-11.1%
Current Ratio	0.30-0.2	0.49-0.1	0.62-17.5	18.13-46.4	64.51+46.9	17.63
Debt-to-Equity	0.35+0.1	0.270.0	0.27-0.0	0.30-0.2	0.52-0.2	0.68
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.30-0.2	0.49-0.1	0.62-17.5	18.13-46.4	64.51+46.9	17.63+11.4	6.20-7.8	13.96
Debt-to-Equity	0.35+0.1	0.270.0	0.27-0.0	0.30-0.2	0.52-0.2	0.68-0.1	0.75+0.5	0.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Lithium Argentina AG profitable?

No, Lithium Argentina AG (LAR) reported a net income of -$76.9M in fiscal year 2025.

What is Lithium Argentina AG's return on equity (ROE)?

Lithium Argentina AG (LAR) has a return on equity of -9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lithium Argentina AG's free cash flow?

Lithium Argentina AG (LAR) generated -$30.0M in free cash flow during fiscal year 2025. This represents a -31.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lithium Argentina AG's operating cash flow?

Lithium Argentina AG (LAR) generated -$30.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lithium Argentina AG's total assets?

Lithium Argentina AG (LAR) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lithium Argentina AG's capital expenditures?

Lithium Argentina AG (LAR) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Lithium Argentina AG have outstanding?

Lithium Argentina AG (LAR) had 162M shares outstanding as of fiscal year 2025.

What is Lithium Argentina AG's current ratio?

Lithium Argentina AG (LAR) had a current ratio of 0.30 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Lithium Argentina AG's debt-to-equity ratio?

Lithium Argentina AG (LAR) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lithium Argentina AG's return on assets (ROA)?

Lithium Argentina AG (LAR) had a return on assets of -7.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lithium Argentina AG's cash runway?

Based on fiscal year 2025 data, Lithium Argentina AG (LAR) had $61.1M in cash against an annual operating cash burn of $30.0M. This gives an estimated cash runway of approximately 24 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Lithium Argentina AG's Piotroski F-Score?

Lithium Argentina AG (LAR) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lithium Argentina AG's earnings high quality?

Lithium Argentina AG (LAR) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lithium Argentina AG?

Lithium Argentina AG (LAR) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.