Largo Inc. (LGO) posted higher revenue in the second quarter of 2026, with sales rising $44.0 million, up 68.47% from a year earlier. Even so, the company remained unprofitable, as costs and expenses continued to weigh on results.
The quarter’s gross loss came in at ($4.0 million), while operating loss widened to ($11.2 million). Net loss attributable to common shareholders reached ($22.7 million), and diluted loss per share was ($0.21).
Cash generation also remained under pressure. Operating cash flow was ($6.8 million), while capital spending totaled ($8.4 million). The company ended the period with $5.5 million in cash and cash equivalents.
Key points from the release:
- Revenue increased sharply year over year to $44.0 million.
- Cost of sales climbed to $48.0 million, exceeding revenue.
- Total liabilities rose to $206.8 million.
- Net loss and operating losses both widened versus last year.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Largo Inc. Hedge Fund Activity
We have seen 15 institutional investors add shares of Largo Inc. stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DLD ASSET MANAGEMENT, LP added 2,211,800 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,402,723
- TWO SIGMA INVESTMENTS, LP added 1,142,091 shares (+814.0%) to their portfolio in Q1 2026, for an estimated $1,279,141
- POINT72 ASSET MANAGEMENT, L.P. removed 761,341 shares (-92.9%) from their portfolio in Q1 2026, for an estimated $852,701
- MARSHALL WACE, LLP removed 559,544 shares (-33.1%) from their portfolio in Q2 2026, for an estimated $354,862
- GOLDMAN SACHS GROUP INC added 376,324 shares (+705.5%) to their portfolio in Q1 2026, for an estimated $421,482
- RENAISSANCE TECHNOLOGIES LLC removed 286,300 shares (-22.1%) from their portfolio in Q2 2026, for an estimated $181,571
- JANE STREET GROUP, LLC added 258,617 shares (+186.6%) to their portfolio in Q1 2026, for an estimated $289,651
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
