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SGML

Sigma Lithium Corporation

SGML

Sigma Lithium Corporation • NASDAQ
$11.31 ▲ 6.60% (+0.70)
Market Cap $1.26 B
52w High $13.85
52w Low $4.25
Dividend Yield 0%
P/E -40.39
Volume 4.07M
Outstanding Shares 111.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $28.549M ▲ $7.533M ▼ $-11.575M ▲ -40.544% ▲ $-0.1 ▲ $-2.717M ▲
Q2-2025 $16.888M ▼ $13.482M ▲ $-18.859M ▼ -111.671% ▼ $-0.17 ▼ $-13.723M ▼
Q1-2025 $47.673M ▼ $6.722M ▼ $4.728M ▲ 9.918% ▲ $0.043 ▲ $14.888M ▲
Q4-2024 $67.207M ▲ $18.941M ▲ $-11.679M ▲ -17.378% ▲ $-0.1 ▲ $-14.273M ▲
Q3-2024 $20.894M $7.317M $-25.098M -120.121% $-0.31 $-15.997M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.108M ▼ $342.819M ▼ $259.049M ▼ $83.77M ▼
Q2-2025 $20.586M ▼ $457.943M ▲ $332.734M ▲ $125.209M ▲
Q1-2025 $31.111M ▼ $348.313M ▼ $242.22M ▼ $106.093M ▼
Q4-2024 $66.053M ▼ $470.559M ▼ $337.729M ▼ $132.83M ▼
Q3-2024 $88.645M $498.447M $350.555M $147.892M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-11.447M ▲ $1.71M ▲ $-233.09K ▲ $-10.221M ▼ $-9.045M ▲ $1.694M ▲
Q2-2025 $-19.17M ▼ $-6.189M ▼ $-3.297M ▲ $-7.142M ▲ $-15.966M ▲ $-9.255M ▼
Q1-2025 $6.803M ▲ $-3.145M ▲ $-6.896M ▼ $-15.499M ▼ $-21.289M ▲ $-8.541M ▲
Q4-2024 $-11.679M ▲ $-16.612M ▼ $-5.055M ▲ $3.284M ▲ $-22.592M ▼ $-16.085M ▼
Q3-2024 $-34.246M $48.19M $-6.521M $-57.025M $-14.445M $45.091M

Five-Year Company Overview

Income Statement

Income Statement Sigma Lithium is still in the early commercial phase. Sales only really started in the last couple of years and remain small relative to the scale the company is targeting. The good news is that the core operation can generate positive gross profit, which means the plant and resource have economic potential. However, after accounting for all operating expenses, the company continues to post losses, and earnings per share are still negative. Losses have narrowed compared with the heavy development years but remain meaningful, so profitability is not yet established and will likely depend on successfully scaling production and on where lithium prices settle over time.

Balance Sheet

Balance Sheet The balance sheet reflects a business that is moving from project development into production. Total assets have grown steadily as the company has invested in its Brazilian project and processing plant. Equity has also risen over time, but the most recent year shows some erosion as ongoing losses accumulate. Debt has increased from very low levels to a more noticeable portion of the capital structure, while cash has come down from earlier highs. Overall, Sigma has built up a solid asset base, but it is also more leveraged and more dependent on continued operational progress and access to funding than it was a few years ago.

Cash Flow

Cash Flow Cash flows show a company still in investment mode. Operating cash flow is slightly negative, meaning the business is not yet self-funding from its day‑to‑day operations. Free cash flow is more clearly negative because of continued spending on equipment and expansion. That pattern is typical for a growth-stage mining company but also means Sigma relies on external capital—through debt, equity, or partnerships—to support its expansion plans until production volumes and margins are high enough to cover both operating and investment needs.

Competitive Edge

Competitive Edge Sigma’s competitive position is built around three pillars: low costs, high-quality resources, and a strong sustainability story. Its Brazilian deposit is both large and high grade, which supports a structurally low cost base. The “Quintuple Zero Green Lithium” positioning—emphasizing renewable power, water recycling, dry-stacked tailings, and chemical-free processing—gives Sigma a differentiated brand that aligns with what many automakers and battery makers want from their supply chains. The company also benefits from established infrastructure and a mining-friendly region in Brazil. On the risk side, Sigma is still heavily dependent on a single project, is exposed to volatile lithium prices, and must execute large capacity expansions without overruns or operational missteps to fully realize this competitive edge.

Innovation and R&D

Innovation and R&D Sigma focuses on process and sustainability innovation rather than traditional laboratory-style R&D. Its Greentech Plant uses advanced, automated processing and dry-stacking to reduce environmental impact while improving recovery rates. The ultrafines reprocessing circuit is a good example of practical innovation that squeezes more value from ore already mined. Future innovation is expected to come mainly from scaling this proven flowsheet across multiple phases rather than from untested new technologies. The opportunity is to expand efficiently and further lower unit costs; the risk is that technical or execution issues during scale-up could delay benefits or increase costs, especially as the company pushes to nearly quadruple capacity over time.

Summary

Sigma Lithium is a growth-stage lithium producer with a clear sustainability angle and a large, high-grade resource, but still-early financials. The income statement shows small but growing revenue, continued operating losses, and no established profitability yet. The balance sheet has been built up through heavy investment, with more debt and less cash than in the past, leaving the company more sensitive to financing conditions and project execution. Cash flows remain negative as Sigma funds expansion. Competitively, Sigma stands out as a low-cost, environmentally focused producer that can appeal to premium customers in the battery and EV supply chain. The main uncertainties center on lithium price cycles, single-asset concentration, and the challenge of delivering its aggressive expansion plan on time and on budget. Overall, the story is one of promising industrial and environmental positioning set against the normal financial and execution risks of a rapidly scaling mining business.

NEWS

November 14, 2025 · 8:08 AM UTC

Sigma Lithium's 3Q 25 Results: Increase in Revenues and Cash Position

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October 17, 2025 · 12:27 PM UTC

SIGMA LITHIUM ADDED TO MORGAN STANLEY NATIONAL SECURITY INDEX

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October 6, 2025 · 2:43 AM UTC

SIGMA LITHIUM RECOGNIZED FOR SUSTAINABILITY EXCELLENCE BY ITAUSA/ARAPYAU FOUNDATIONS; UPGRADES MINING OPERATIONS TARGETING HIGHER EFFICIENCY

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October 1, 2025 · 10:56 PM UTC

SIGMA LITHIUM TO RELEASE THIRD QUARTER 2025 EARNINGS RESULTS ON NOVEMBER 14, 2025

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