How Tariff Disruption Hit Largo’s (LGO) Vanadium Sales in Late 2025

Largo Inc. (NASDAQ:LGO) is one of the best short-term stocks to buy now. On April 1, 2026, the company reported fourth-quarter and full-year 2025 financial results and said U.S. tariffs disrupted vanadium sales in the final quarter of the year. Largo said order cancellations tied to those tariffs drove vanadium pentoxide sales volumes down 21% year over year in Q4 to 2,396 tonnes from 3,033 tonnes and left more than 300 tonnes of inventory sitting in bonded warehouses in Baltimore. For full-year 2025, revenue fell 12% to $109.9 million from $124.9 million in 2024, while net loss widened to $68.7 million from $50.6 million.

Even so, the company pointed to better operating momentum late in the year. Vanadium pentoxide production rose 67% in Q4 to 2,961 tonnes from 1,775 tonnes a year earlier, and full-year production of 9,150 tonnes landed within Largo’s guidance range.

How Tariff Disruption Hit Largo’s (LGO) Vanadium Sales in Late 2025

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The company ended 2025 with $9.7 million in cash and $107.1 million in debt, while also highlighting previously disclosed steps to defer debt principal payments and recent U.S. tariff relief entering 2026.

Largo Inc. (NASDAQ:LGO) is a vanadium producer with operations anchored by the Maracás Menchen mine in Brazil and additional exposure to energy-storage and vanadium-products businesses.

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