In fiscal 2026, which ended May 31, 2026, Laredo Oil, Inc. reported revenue of $3,141, down 66.7% from the year before. It recorded a net loss of $8.0 million. The operating loss came to $7.0 million, an operating margin of -224337.2%. Diluted earnings per share were -$0.10. Across the 9 fiscal years shown, revenue shrank from $10.9 million in fiscal 2016 to $3,141 in fiscal 2026, about 63.9% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
May 31, 2026
|
FY 2025
May 31, 2025
|
FY 2023
May 31, 2023
|
FY 2022
May 31, 2022
|
FY 2021
May 31, 2021
|
FY 2020
May 31, 2020
|
FY 2019
May 31, 2019
|
FY 2018
May 31, 2018
|
FY 2017
May 31, 2017
|
FY 2016
May 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
0
-66.7%
|
0
|
0
-100.0%
|
1
-85.5%
|
5
-43.6%
|
8
-3.9%
|
8
-9.4%
|
9
-4.7%
|
10
-9.9%
|
11
+23.6%
|
| Cost of revenue |
—
|
—
|
—
|
1
-73.1%
|
5
-40.1%
|
8
-3.8%
|
8
-5.3%
|
9
-13.4%
|
10
-4.9%
|
11
+20.2%
|
| Gross profit |
0
-66.7%
|
0
|
—
|
-1
-237.4%
|
-0
-204.1%
|
0
-10.1%
|
0
-68.0%
|
1
+320.6%
|
-0
-202.1%
|
0
+1363.9%
|
| Selling, general and administrative |
5
+169.2%
|
2
|
2
+69.8%
|
1
+885.1%
|
0
+59.1%
|
0
-3.7%
|
0
-74.0%
|
0
-18.8%
|
0
-25.3%
|
0
-12.3%
|
| Restructuring and impairment |
0
+1504.3%
|
0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Operating income |
-7
-172.3%
|
-3
|
-3
-26.0%
|
-2
-222.1%
|
-1
-421.7%
|
-0
-16.3%
|
-0
-195.4%
|
0
+112.6%
|
-1
-53.7%
|
-1
+42.9%
|
| Income tax |
—
|
—
|
—
|
—
|
0
|
0
|
0
|
0
|
0
|
0
|
| Net income |
-8
-150.5%
|
-3
|
-3
-247.4%
|
-1
-143.3%
|
-0
-120.6%
|
-0
-14.2%
|
-0
-248.0%
|
0
+110.2%
|
-1
-46.1%
|
-1
+6.5%
|
| Basic EPS |
-0.10
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Diluted EPS |
-0.10
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, basic |
77
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, diluted |
77
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other measures | ||||||||||
| Depreciation and amortization |
0
+50.0%
|
0
|
0
-28.8%
|
0
+300.0%
|
0
|
—
|
—
|
—
|
—
|
—
|
| EBITDA |
-7
-173.6%
|
-3
|
-3
-27.4%
|
-2
-220.4%
|
-1
|
—
|
—
|
—
|
—
|
—
|
| Interest coverage |
-7.93x
|
-5.28x
|
-6.25x
|
-16.15x
|
-13.07x
|
-3.63x
|
-3.35x
|
3.77x
|
-30.74x
|
-21.64x
|
| Margins | ||||||||||
| Gross margin |
100.00%
|
100.00%
|
—
|
-92.66%
|
-3.99%
|
2.16%
|
2.31%
|
6.55%
|
-2.83%
|
2.50%
|
| Operating margin |
-224,337.15%
|
-27,458.07%
|
—
|
-329.34%
|
-14.86%
|
-1.61%
|
-1.33%
|
1.26%
|
-9.51%
|
-5.58%
|
| Profit margin |
-253,794.05%
|
-33,767.10%
|
—
|
-134.19%
|
-8.02%
|
-2.05%
|
-1.72%
|
1.05%
|
-9.82%
|
-6.06%
|
| EBITDA margin |
-223,037.85%
|
-27,169.28%
|
—
|
-320.98%
|
-14.56%
|
—
|
—
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- LRDC (OTC)
- Fiscal year ends
- May 31
- Incorporated in
- DE
- Headquarters
- Austin, TX
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1442492
- Former names
- Laredo Mining, Inc. (until Oct 22, 2009)
Other Crude Petroleum & Natural Gas companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.