LICY · Li-Cycle Holdings Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $4.70M | $8.40M | $4.20M | - | $2.80M | $3.60M | $3.60M | - | $1.71M |
| Cost of Revenue | - | $20.10M | $20.20M | $16.80M | - | - | - | - | - | - |
| Gross Profit | - | ($15.40M) | ($11.80M) | ($12.60M) | - | - | - | - | - | - |
| R&D | - | - | - | - | - | $2.20M | $800.0K | $500.0K | - | $576.6K |
| SG&A | - | $12.90M | $15.30M | $31.70M | - | $5.90M | $6.60M | $4.50M | - | $5.29M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $4.20M | $2.60M | $4.20M | - | - | - | - | - | - |
| Operating Income | - | ($44.00M) | ($42.80M) | ($44.20M) | - | ($39.10M) | ($42.50M) | ($21.10M) | - | ($6.17M) |
| Interest Expense | - | $17.30M | $15.60M | $11.50M | - | $5.90M | $3.70M | $4.00M | - | $3.53M |
| Income Tax | - | $0 | $0 | $0 | - | $0 | $0 | $100.0K | - | $0 |
| Net Income | - | ($30.70M) | ($32.00M) | ($136.70M) | - | ($130.50M) | ($35.30M) | ($10.10M) | - | ($27.52M) |
| EPS - Basic | - | ($1.38) | ($1.45) | ($0.76) | - | ($0.12) | ($0.20) | ($0.22) | - | ($0.07) |
| EPS - Diluted | - | $2.43 | ($1.45) | ($0.76) | - | ($0.12) | ($0.20) | ($0.22) | - | ($0.07) |
Balance Sheet
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.60M | $32.20M | $57.00M | $109.10M | $70.60M | $137.40M | $288.80M | $563.70M | $517.90M | $2.35M |
| Accounts Receivable | $12.10M | $8.20M | $5.70M | $2.90M | $1.00M | $0 | $0 | $0 | $4.30M | $5.27M |
| Inventory | $9.60M | $9.20M | $9.10M | $8.50M | $9.60M | - | - | - | $7.70M | - |
| Accounts Payable | $109.30M | $105.10M | $103.60M | $118.60M | $76.40M | $99.10M | $77.90M | $53.50M | $20.10M | $38.46M |
| Current Assets | $86.40M | $82.10M | $104.30M | $187.00M | $149.00M | $198.90M | $400.70M | $501.90M | $634.90M | $758.14M |
| Total Assets | $861.20M | $870.60M | $899.90M | $932.30M | $886.00M | $760.90M | $858.90M | $850.60M | $877.50M | $904.91M |
| Current Liabilities | $150.00M | $135.80M | $139.60M | $161.30M | $156.70M | $104.80M | $83.40M | $59.00M | $76.20M | $43.94M |
| Long-term Debt | $746.10M | $609.10M | $615.90M | $608.80M | $446.30M | - | - | - | - | - |
| Total Liabilities | $598.10M | $575.30M | $664.20M | $689.30M | $509.60M | $457.30M | $428.70M | $388.60M | $379.70M | $380.75M |
| Stockholders' Equity | $263.10M | $413.20M | $439.90M | $468.50M | $376.40M | $510.20M | $430.20M | $457.00M | $501.60M | $524.17M |
| Retained Earnings | ($409.30M) | ($360.00M) | ($416.50M) | ($408.30M) | ($271.60M) | ($498.10M) | ($367.50M) | ($332.40M) | ($135.20M) | ($260.65M) |
Cash Flow
| Line item | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($29.10M) | - | ($11.20M) | ($39.90M) | ($20.70M) | - | ($25.19M) |
| Investing Cash Flow | - | - | - | ($6.20M) | - | ($123.30M) | ($78.40M) | ($86.30M) | - | ($82.11M) |
| Financing Cash Flow | - | - | - | $73.70M | - | ($3.80M) | ($2.10M) | ($1.70M) | - | $6.57M |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | -327.7% | -140.5% | -300.0% | - | - | - | - | - | - |
| Operating margin | - | -936.2% | -509.5% | -1052.4% | - | -1396.4% | -1180.6% | -586.1% | - | -360.8% |
| EBITDA margin | - | -846.8% | -478.6% | -952.4% | - | - | - | - | - | - |
| Net margin | - | -653.2% | -381.0% | -3254.8% | - | -4660.7% | -980.6% | -280.6% | - | -1610.3% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | 78.6% | 22.2% | 13.9% | - | 33.7% |
| SG&A / Revenue | - | 274.5% | 182.1% | 754.8% | - | 210.7% | 183.3% | 125.0% | - | 309.7% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -3.5% | -3.6% | -14.7% | - | -17.2% | -4.1% | -1.2% | - | -3.0% |
| Return on equity | - | -7.4% | -7.3% | -29.2% | - | -25.6% | -8.2% | -2.2% | - | -5.3% |
| Return on invested capital | - | -3.4% | -3.2% | -3.2% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.58 | 0.60 | 0.75 | 1.16 | 0.95 | 1.90 | 4.80 | 8.51 | 8.33 | 17.25 |
| Quick ratio | 0.51 | 0.54 | 0.68 | 1.11 | 0.89 | 1.90 | 4.80 | 8.51 | 8.23 | 17.25 |
| Cash ratio | 0.15 | 0.24 | 0.41 | 0.68 | 0.45 | 1.31 | 3.46 | 9.55 | 6.80 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | 2.84 | 1.47 | 1.40 | 1.30 | 1.19 | - | - | - | - | - |
| Debt / Assets | 0.87 | 0.70 | 0.68 | 0.65 | 0.50 | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -2.5x | -2.7x | -3.8x | - | -6.6x | -11.5x | -5.3x | - | -1.7x |
| Equity multiplier | 3.27 | 2.11 | 2.05 | 1.99 | 2.35 | 1.49 | 2.00 | 1.86 | 1.75 | 1.73 |
| Liabilities / Assets | 0.69 | 0.66 | 0.74 | 0.74 | 0.58 | 0.60 | 0.50 | 0.46 | 0.43 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.01 | 0.01 | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Inventory turnover | - | 2.18 | 2.22 | 1.98 | - | - | - | - | - | - |
| Days sales outstanding | - | 637d | 248d | 252d | - | 0d | 0d | 0d | - | 1125d |
| Days inventory outstanding | - | 167d | 164d | 185d | - | - | - | - | - | - |
| Days payable outstanding | - | 1909d | 1872d | 2577d | - | - | - | - | - | - |
| Cash conversion cycle | - | -1105d | -1460d | -2140d | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 67.9% | 133.3% | 16.7% | - | 63.8% | 1298.7% | 253.9% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -12.5% | -0.7% | -109.5% | - | -534.1% | -698.7% | -240.1% | - | - |
| Net income growth (YoY) | - | 76.5% | 9.3% | -1253.5% | - | -374.2% | -70.9% | -47.5% | - | - |
| EPS growth (YoY) | - | - | -625.0% | -245.5% | - | -71.4% | -66.7% | -214.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -30.1% | -19.0% | 2.3% | 2.5% | -25.0% | -2.7% | -13.5% | -11.0% | 15.6% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$28.00M totalProduct$16.10M · 57.5%
Service$11.90M · 42.5%
Geographic
$28.00M totalUS$19.80M · 70.7%
DE$7.90M · 28.2%
CA$300.0K · 1.1%
Peer comparison
Same SIC group: Hazardous Waste Management
Comparing Li-Cycle Holdings Corp. against the 5 most active filers in the same SIC group.