Earnings Releases·Nov 12, 2026, 7:00 AM ET

Lithium Americas — Third Quarter 2026 Earnings Summary

Lithium Americas reported a net income of $90.1 million for Q3 2026 and $96.4 million for the nine months ended September 30, 2026, reversing prior-year net losses of $199.2 million and $223.9 million respectively.
The company updated the definitive capital cost estimate for Thacker Pass Phase 1 to $3.83 billion (up from $2.93 billion), raising the incremental funding requirement to approximately $995 million due to labor wage inflation and installation rate challenges.
Fiscal 2026 capital expenditure guidance was revised to $1.7 billion–$2.0 billion, with peak spending expected in 2026 as the project targets mechanical completion in late 2027 and ramp-up through 2028.
Strategic financing actions included a $650 million contribution to the Thacker Pass JV to increase ownership percentage, a $239 million DOE loan advance (bringing cumulative advances to $1.448 billion), and the issuance of $150 million in subordinated convertible debentures to Yorkville Advisors.
The company maintains a strong liquidity position with $1.3 billion in cash and restricted cash as of September 30, 2026, while total assets and liabilities increased to $3.95 billion and $1.85 billion respectively.