Executive Summary
Liberty Star Uranium & Metals Corp (LBSR) delivered QQ2 2025 results that are unusual in their composition. Reported revenue remains undisclosed in the quarter, while gross profit is negative (-$172,807) and operating income shows a loss (-$419,059). The company booked $1,568,204 of total other income and expenses, which more than offset the operating shortfall and yielded a net income of $1,149,145 and basic/diluted EPS of $0.023 and $0.0184, respectively. EBITDA for the quarter stands at $1,226,084, suggesting that non-operating items significantly influenced quarterly profitability. Near-term cash flow remains weak, with operating cash flow at -$223,154 and a modest cash balance of $8,251 at quarter end, highlighting reliance on non-core income or one-time items to report positive net income.
Balance sheet metrics depict a fragile financial position. Total assets are $51,831 versus total liabilities of $4,665,333, producing negative stockholders’ equity (-$4,613,502). The company carries substantial current liabilities and relatively small cash, with short-term debt of $988,063 and long-term debt of $32,400, leading to a net debt position of $1,012,212. Retained earnings sit at a cumulative deficit of approximately $60.0 million. Liquidity ratios are historically weak (current ratio and quick ratio both around 0.008), underscoring funding needs and capital market access risk for ongoing exploration activities. The QQ2 2025 quarter reflects exploration-stage dynamics: the Hay Mountain property remains the principal asset, but value realization hinges on prospective resource delineation and favorable capital markets.
Overall investment implications point to a high-risk, high-uncertainty profile. In the near term, the company will likely depend on external financing or strategic partnerships to sustain exploration activities and debt maturities. Absent material operational revenue growth or successful capital raises, the stock’s risk-reward remains skewed toward downside due to persistent negative equity and liquidity pressures.
Key Performance Indicators
QoQ: 19.27% | YoY:-195.11%
QoQ: 269.05% | YoY:666.08%
QoQ: 270.97% | YoY:352.75%
Key Insights
Revenue: Data not disclosed for QQ2 2025. Gross Profit: -$172,807; Gross Profit Margin: N/A. Operating Income: -$419,059; Operating Margin: N/A. EBITDA: $1,226,084. Net Income: $1,149,145; Net Income Margin: N/A. EPS: $0.023 (basic); Diluted EPS: $0.0184. Shares (weighted avg): 49,912,073. Cash from Operations: -$223,154. Free Cash Flow: -$223,154. Cash at End of Period: $8,251. Cash/Working Capital: Total current assets $37,421 vs total current liabilities $4,632,933; Current ratio: 0.00808; Qu...
Financial Highlights
Revenue: Data not disclosed for QQ2 2025. Gross Profit: -$172,807; Gross Profit Margin: N/A. Operating Income: -$419,059; Operating Margin: N/A. EBITDA: $1,226,084. Net Income: $1,149,145; Net Income Margin: N/A. EPS: $0.023 (basic); Diluted EPS: $0.0184. Shares (weighted avg): 49,912,073. Cash from Operations: -$223,154. Free Cash Flow: -$223,154. Cash at End of Period: $8,251. Cash/Working Capital: Total current assets $37,421 vs total current liabilities $4,632,933; Current ratio: 0.00808; Quick ratio: 0.00808; Cash ratio: 0.00178. Balance Sheet: Total assets $51,831; Total liabilities $4,665,333; Total stockholders’ equity: -$4,613,502. Debt: Short-term debt $988,063; Long-term debt $32,400; Total debt $1,020,463; Net debt $1,012,212. Retained earnings: -$60,022,959. Key YoY metrics (from provided YoY data): Gross Profit YoY: -77.53%; Operating Income YoY: -195.11%; Net Income YoY: 666.08%; EPS YoY: 352.75%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Gross Profit |
-172.81K |
-77.53% |
-10 586.89% |
| Operating Income |
-419.06K |
-195.11% |
19.27% |
| Net Income |
1.15M |
666.08% |
269.05% |
| EPS |
0.02 |
352.75% |
270.97% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
Management Commentary
Note: The dataset provides an earnings transcript field that is empty for QQ2 2025. As a result, there are no management quotes or transcript-driven themes to synthesize. No management quotes are available in the provided materials. If a transcript is supplied, we will group insights by themes (strategy, operations, market conditions) with context and significance.
No transcript data available.
— Management
No transcript data available.
— Management
Forward Guidance
Management guidance for QQ2 2025 is not explicitly stated in the provided data. Given Liberty Star’s exploration-centric profile and the absence of reported revenue, the forward-looking trajectory hinges on several factors: (1) successful delineation or monetization of the Hay Mountain project or adjacent assets; (2) access to new financing or strategic partnerships to fund ongoing exploration and working capital; (3) commodity price trends for uranium and other target metals; (4) regulatory and permitting progress. In a base-case scenario, the company would need to secure additional capital within the next 12–24 months to sustain exploration programs and service near-term debt maturities. An upside scenario would involve a positive resource update at Hay Mountain, potential joint venture, or sale/option of assets that materially improves liquidity and reduces reliance on non-operating income. Key factors investors should monitor: cash burn rate, capital raises or debt restructurings, assay results from Hay Mountain permits, and any corporate actions that restore equity valuation.