Lithium Americas swings to Q2 net income of $1.7 million from $13.2 million loss
Lithium Americas reported second-quarter 2026 net income of $1.7 million, compared with a net loss of $13.2 million a year earlier, and net income of $6.3 million for the first six months versus a loss of $24.8 million. The company said it is still targeting $1.3 billion to $1.6 billion of fiscal 2026 Capex for Thacker Pass Phase 1 and will finalize a definitive capital estimate by the end of Q3 2026, which may change the cost outlook shareholders have been watching.
Key points
- Q2 2026 net income of $1.7 million versus a net loss of $13.2 million in Q2 2025; diluted EPS of $(0.02) versus $(0.06)
- Six-month net income of $6.3 million versus a net loss of $24.8 million in the same period of 2025
- Fiscal 2026 Thacker Pass Phase 1 Capex target of $1.3 billion to $1.6 billion; tariff exposure estimated at $80 million to $100 million
- On August 5, 2026, agreed to Yorkville Debentures of $150 million at the initial closing, with up to $25 million more at the company's discretion
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.