Laredo Oil, Inc. income statement LRDC

Annual Quarterly

It recorded a net loss of $1.6 million. Diluted earnings per share were -$0.02.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

Line	Q1 FY2027 Aug 31, 2026	Q4 FY2026 May 31, 2026	Q3 FY2026 Feb 28, 2026	Q2 FY2026 Nov 30, 2025	Q1 FY2026 Aug 31, 2025	Q4 FY2025 May 31, 2025	Q3 FY2025 Feb 28, 2025	Q2 FY2025 Nov 30, 2024
Revenue	—	0	0 -100.0%	0 -2.6%	0 -74.5%	0	0 -86.3%	0
Gross profit	—	0	0 -100.0%	0 -2.6%	0 -74.5%	0	0 -86.3%	0
Selling, general and administrative	1 +3.7%	1 +143.1%	1 +37.3%	3 +479.8%	1 +20.0%	0	0 -0.8%	0 -42.3%
Operating income	-1 -117.1%	-2 -278.0%	-1 -75.7%	-3 -322.5%	-1 -2.0%	-1	-1 -10.4%	-1 +19.5%
Net income	-2 -68.6%	-2 -68.0%	-1 -193.4%	-3 -305.9%	-1 -102.9%	-1	-0 -55.8%	-1 -8.3%
Basic EPS	-0.02	—	—	—	—	—	—	—
Diluted EPS	-0.02	—	—	—	—	—	—	—
Weighted average shares, basic	85	—	—	—	—	—	—	—
Weighted average shares, diluted	85	—	—	—	—	—	—	—
Other measures
Depreciation and amortization	0 -22.1%	0 +196.6%	0 +1.1%	0 +1.1%	0 +1.1%	0	0 +51.8%	0 +51.8%
EBITDA	-1 -118.5%	-2 -278.9%	-1 -76.6%	-3 -325.6%	-1 -2.0%	-1	-1 -10.1%	-1 +19.9%
Interest coverage	-10.99x	-15.22x	-7.07x	-9.62x	-2.45x	-4.61x	-5.21x	-6.69x
Margins
Gross margin	—	—	—	100.00%	100.00%	—	100.00%	100.00%
Operating margin	—	—	—	-185,526.10%	-43,926.25%	—	-35,050.78%	-42,789.88%
Profit margin	—	—	—	-207,203.63%	-61,702.79%	—	-23,962.59%	-49,739.02%
EBITDA margin	—	—	—	-185,095.74%	-43,480.56%	—	-34,658.67%	-42,375.00%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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.

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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)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.