Tearsheet

Piedmont Lithium (PLL)

Market Price (9/30/2025): $7.33 | Market Cap: $160.9 Mil
Sector: Materials | Industry: Diversified Metals & Mining

Piedmont Lithium (PLL)

Market Price (9/30/2025): $7.33
Market Cap: $160.9 Mil
Sector: Materials
Industry: Diversified Metals & Mining

Investment Highlights

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 58%	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -10%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32%	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37%
3		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38%

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 58%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -32%
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -27 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -26%
4	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -10%
5	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -37%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38%

Market Valuation

	9/30/25	2024	2023	2022	2021
Share Price CYE	$7.33	$8.74	$28.23	$44.02	$52.46
Market Cap CYE ($ Mil)	160.9	178.1	542.3	794.3	832.2
Total Debt ($ Mil)	30.2	31.2	1.6	1.9	1.7
Total Cash ($ Mil)	59.4	94.9	72.2	99.7	64.8
Enterprise Value ($ Mil)	131.7	209.3	543.9	796.2	833.9
Valuation Ratios
P/S TTM	1.5	1.7	13.5	0.0	0.0
P/EBIT TTM	-3.1	-2.6	-28.8	-79.3	-40.4
P/E TTM	-3.0	-2.6	-24.7	-59.4	-39.0
Sector Ratios
P/S TTM (Sector)	1.6	1.2	1.4	1.1	1.5
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7	5.7
P/E TTM (Sector)	4.1	5.5	7.0	4.6	7.3

	9/30/25	2024	2023	2022
Share Price CYE	$7.33	$8.74	$28.23	$44.02
Market Cap CYE ($ Mil)	160.9	178.1	542.3	794.3
Total Debt ($ Mil)	30.2	31.2	1.6	1.9
Total Cash ($ Mil)	59.4	94.9	72.2	99.7
Enterprise Value ($ Mil)	131.7	209.3	543.9	796.2
Valuation Ratios
P/S TTM	1.5	1.7	13.5	0.0
P/EBIT TTM	-3.1	-2.6	-28.8	-79.3
P/E TTM	-3.0	-2.6	-24.7	-59.4
Sector Ratios
P/S TTM (Sector)	1.6	1.2	1.4	1.1
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7
P/E TTM (Sector)	4.1	5.5	7.0	4.6

Stock Price
Market Cap

Return (1M):

Business Description

Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PLL Return	221%	98%	-16%	-36%	-69%	-17%	-12%
Peers Return	9%	4%	-18%	25%	-9%	94%	104%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: TMC, IIIN, NX, ALM, CRML.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than Piedmont Lithium (PLL)

	PLL	Better Performance than PLL
Metric	Value	Industry (Diversified Metals & Mining)
Rev Chg LTM	58.2%	UAMY (144.9%)
Op Mgn LTM	-25.5%	VALE (27.3%), TECK (11.3%), MTRN (8.2%), GSM (-0.9%), CMP (4.5%)
CFO/Rev LTM	-33.7%	VALE (22.1%), TECK (10.0%), MP (-17.9%), MTRN (8.5%), USAS (-7.4%)
FCF/Rev LTM	-37.3%	VALE (5.3%), TECK (-9.4%), MTRN (4.6%), USAS (-34.6%), GSM (0.6%)
Total Yield	-33.4%	VALE (11.4%), TECK (3.6%), MP (-0.9%), MTRN (0.9%), TMC (-5.5%)

	PLL	Better Performance than PLL
Metric	Value	Sector (Materials)
Rev Chg LTM	58.2%	SW (163.8%), CDE (63.7%), AG (61.4%), EQX (74.3%), ORLA (116.8%)
Op Mgn LTM	-25.5%	LIN (26.9%), SCCO (49.4%), NEM (39.1%), SHW (15.8%), AEM (41.8%)
CFO/Rev LTM	-33.7%	LIN (29.8%), SCCO (37.5%), NEM (41.7%), SHW (13.3%), AEM (47.3%)
FCF/Rev LTM	-37.3%	LIN (15.2%), SCCO (28.0%), NEM (25.9%), SHW (9.3%), AEM (26.1%)
Total Yield	-33.4%	LIN (4.2%), SCCO (5.4%), NEM (7.9%), SHW (3.9%), AEM (3.6%)

	PLL	Better Performance than PLL
Metric	Value	All Other Sectors
Rev Chg LTM	58.2%	NVDA (71.6%), MU (58.2%), HOOD (59.6%), COIN (75.2%), RDDT (70.0%)
Op Mgn LTM	-25.5%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM	-33.7%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM	-37.3%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield	-33.4%	NVDA (2.0%), MSFT (3.3%), AAPL (3.0%), GOOGL (4.2%), AMZN (3.0%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Piedmont Lithium Market Price	Market Price
2	Piedmont Lithium vs. S&P500 Correlation	Correlation
3	Piedmont Lithium Price Volatility	Volatility
4	Day 7 of Loss Streak for Pall Stock with -18% Return (vs. -53% YTD) [5/29/2024]	Notification
5	Day 6 of Loss Streak for Pall Stock with -30% Return (vs. -56% YTD) [2/6/2024]	Notification
6	Day 5 of Loss Streak for Pall Stock with -22% Return (vs. -51% YTD) [2/5/2024]	Notification
7	Day 8 of Loss Streak for Pall Stock with -32% Return (vs. -37% YTD) [1/22/2024]	Notification
8	Day 0 of Loss Streak for Pall Stock with 0% Return (vs. -37% YTD) [1/21/2024]	Notification
9	Day 8 of Loss Streak for Pall Stock with -32% Return (vs. -37% YTD) [1/20/2024]	Notification
10	Why Piedmont Lithium Stock Moved: PLL Stock Has Lost 86% Since 2021 Primarily Due To Unfavorable Change In Revenues

	Title
0	ARTICLES
1	Piedmont Lithium Market Price
2	Piedmont Lithium vs. S&P500 Correlation
3	Piedmont Lithium Price Volatility
4	Day 7 of Loss Streak for Pall Stock with -18% Return (vs. -53% YTD) [5/29/2024]
5	Day 6 of Loss Streak for Pall Stock with -30% Return (vs. -56% YTD) [2/6/2024]
6	Day 5 of Loss Streak for Pall Stock with -22% Return (vs. -51% YTD) [2/5/2024]
7	Day 8 of Loss Streak for Pall Stock with -32% Return (vs. -37% YTD) [1/22/2024]
8	Day 0 of Loss Streak for Pall Stock with 0% Return (vs. -37% YTD) [1/21/2024]
9	Day 8 of Loss Streak for Pall Stock with -32% Return (vs. -37% YTD) [1/20/2024]
10	Why Piedmont Lithium Stock Moved: PLL Stock Has Lost 86% Since 2021 Primarily Due To Unfavorable Change In Revenues

Trade Ideas

Select past trade ideas related to PLL and Diversified Metals & Mining.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	16.5%	16.5%	0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%	06302025	TGLS	Tecnoglass	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-12.3%	-12.3%	-15.1%
CBT_5312025_Dip_Buyer_ValueBuy	05312025	CBT	Cabot	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.0%	4.0%	-3.6%
REYN_5312025_Dip_Buyer_ValueBuy	05312025	REYN	Reynolds Consumer Products	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.7%	6.7%	-4.6%
ESI_4302025_Dip_Buyer_FCFYield	04302025	ESI	Element Solutions	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	23.2%	23.2%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	16.5%	16.5%	0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%	06302025	TGLS	Tecnoglass	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-12.3%	-12.3%	-15.1%
CBT_5312025_Dip_Buyer_ValueBuy	05312025	CBT	Cabot	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.0%	4.0%	-3.6%
REYN_5312025_Dip_Buyer_ValueBuy	05312025	REYN	Reynolds Consumer Products	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	6.7%	6.7%	-4.6%
ESI_4302025_Dip_Buyer_FCFYield	04302025	ESI	Element Solutions	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	23.2%	23.2%	0.0%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	13709.5%	13709.5%
2	TNFA	TNF Pharmaceuticals	7529.9%	-95.9%
3	QMMM	QMMM	2749.6%	9228.1%
4	WOLF	Wolfspeed	1757.1%	231.8%
5	EAF	GrafTech International	1199.0%	-24.2%
6	SEGG	Lottery.com	646.7%	-7.9%
7	SLNH	Soluna	435.8%	20.0%
8	PTNM	Pitanium	433.3%
9	NUAI	New Era Energy & Digital	395.6%
10	BREA	Brera	380.3%	3593.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-96.1%	-100.0%
2	WOK	WORK Medical Technology	-90.8%	-98.5%
3	CJET	Chijet Motor	-90.3%	-92.7%
4	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
5	YAAS	Youxin Technology	-85.8%	-98.9%
6	ATYR	aTyr Pharma	-85.1%	-78.0%
7	CURX	Curanex Pharmaceuticals	-84.9%	28.8%
8	YYGH	YY	-84.6%	-80.3%
9	NEON	Neonode	-84.6%	-58.7%
10	SDM	Smart Digital	-82.5%	-83.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

Peer Comparisons for Piedmont Lithium

Financials

	PLL	TMC	IIIN	NX	ALM	CRML	Median
Name	Piedmont.	TMC The .	Insteel .	Quanex B.	Almonty .	Critical.
Mkt Price	-	6.47	37.90	13.88	6.10	6.50	6.50
Mkt Cap	0.2	2.4	0.7	0.6	-	-	0.7
Rev LTM	105	0	605	1,840	28	-	105
Op Inc LTM	-27	-76	40	78	-20	-	-20
FCF LTM	-39	-40	52	27	-55	-	-39
FCF 3Y Avg	-52	-51	58	77	-42	-	-42
CFO LTM	-35	-40	60	82	-20	-	-20
CFO 3Y Avg	-24	-51	78	120	-13	-	-13

Growth & Margins

	PLL	TMC	IIIN	NX	ALM	CRML	Median
Name	Piedmont.	TMC The .	Insteel .	Quanex B.	Almonty .	Critical.
Rev Chg LTM	58.2%	-	9.4%	70.2%	9.9%	-	34.0%
Rev Chg 3Y Avg	-	-	-7.7%	19.9%	4.6%	-	4.6%
Rev Chg Q	-10.4%	-	23.4%	76.7%	-9.4%	-	7.0%
QoQ Delta Rev Chg LTM	-1.3%	-	6.0%	13.2%	-2.6%	-	2.3%
Op Mgn LTM	-25.5%	-	6.7%	4.3%	-71.3%	-	-10.6%
Op Mgn 3Y Avg	-	-	6.4%	7.2%	-42.8%	-	6.4%
QoQ Delta Op Mgn LTM	-0.0%	-	1.8%	0.0%	-39.7%	-	0.0%
CFO/Rev LTM	-33.7%	-	10.0%	4.5%	-69.9%	-	-14.6%
CFO/Rev 3Y Avg	-	-	12.7%	9.8%	-50.4%	-	9.8%
FCF/Rev LTM	-37.3%	-	8.6%	1.5%	-193.7%	-	-17.9%
FCF/Rev 3Y Avg	-	-	9.5%	6.6%	-160.1%	-	6.6%

Valuation

	PLL	TMC	IIIN	NX	ALM	CRML	Median
Name	Piedmont.	TMC The .	Insteel .	Quanex B.	Almonty .	Critical.
Mkt Cap	0.2	2.4	0.7	0.6	-	-	0.7
P/S	1.5	-	1.2	0.3	-	-	1.2
P/EBIT	-3.1	-18.6	18.1	-2.7	-	-	-2.9
P/E	-3.0	-18.0	23.7	-2.2	-	-	-2.6
P/CFO	-4.5	-60.0	12.2	7.7	-	-	1.6
Total Yield	-33.4%	-5.5%	7.0%	-42.4%	-	-	-19.5%
Dividend Yield	0.0%	0.0%	2.8%	2.4%	-	-	1.2%
FCF Yield 3Y Avg	-20.0%	-9.0%	9.2%	8.7%	-	-	-0.2%
D/E	0.2	0.0	0.0	1.4	-	-	0.1
Net D/E	-0.2	-0.0	-0.1	1.3	-	-	-0.1

Returns

	PLL	TMC	IIIN	NX	ALM	CRML	Median
Name	Piedmont.	TMC The .	Insteel .	Quanex B.	Almonty .	Critical.
1M Rtn	-	20.7%	-1.2%	-34.4%	37.1%	4.9%	4.9%
3M Rtn	-	-2.0%	1.9%	-26.2%	-	81.6%	-0.0%
6M Rtn	-	276.2%	44.3%	-24.6%	-	367.6%	160.3%
12M Rtn	-	516.2%	27.4%	-49.0%	-	-10.8%	8.3%
3Y Rtn	-	516.2%	72.0%	-20.4%	-	-	72.0%
1M Excs Rtn	-	20.6%	-4.3%	-37.2%	34.3%	-1.8%	-1.8%
3M Excs Rtn	-	-9.3%	-5.4%	-33.5%	-	74.2%	-7.4%
6M Excs Rtn	-	256.8%	24.8%	-46.0%	-	344.9%	140.8%
12M Excs Rtn	-	517.9%	14.8%	-64.1%	-	-17.0%	-1.1%
3Y Excs Rtn	-	375.7%	-8.2%	-102.2%	-	-	-8.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	6/30/2021	6/30/2020
Filing Date	8/7/2025	2/26/2025	2/29/2024	3/1/2023	9/24/2021	10/13/2020
Key Financials
Total Revenue	105	100	40	0	0	0
EBITDA	-51	-67	-18	-10	-21	-7
Operating Income	-27	-28	-40	-31	-21	-7
Net Income	-53	-65	-22	-13	-21	-6
EPS	-2.56	-3.30	-1.14	-0.74	-1.35	-0.71
Growth Rates
Total Revenue Growth	58.2%	150.8%	∞%	-	-	-
EBITDA Growth	-28.1%	-262.8%	-90.3%	53.1%	-4.3%	34.7%
Operating Income Growth	20.2%	29.2%	-26.1%	-52.5%	-4.3%	34.6%
Net Income Growth	-34.8%	-197.4%	-67.8%	39.2%	-6.8%	39.3%
Margins
EBITDA Margin	-48.7%	-66.7%	-46.1%	-	-	-
Operating Income Margin	-25.5%	-28.0%	-99.4%	-	-	-
Net Income Margin	-50.6%	-64.8%	-54.7%	-	-	-
Cash & Debt
Total Cash	59	95	72	100	65	19
Total Debt	30	31	2	2	2	3
Net Debt / (Cash)	-29	-64	-71	-98	-63	-16
Cash Flows
Net Cash from Operations	-35	-43	2	-26	-18	-6
Free Cash from Operations	-39	-54	-55	-52	-30	-10
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/7/2025	5/7/2025	2/26/2025	11/12/2024	8/9/2024	5/9/2024	2/29/2024	11/9/2023	8/8/2023	5/5/2023	3/1/2023	11/4/2022
Key Financials Quarterly
Total Revenue	12	20	46	28	13	13	-7	47	0	0	0	0
Ebitda	-9	-15	-11	-16	-13	-26	-25	25	-10	-8	-11	20
Operating Income	-8	-7	-5	-7	-8	-7	-30	12	-12	-9	-10	-8
Net Income	-10	-16	-11	-17	-13	-24	-25	23	-11	-9	-11	17
EPS	-0.44	-0.71	-0.55	-0.86	-0.69	-1.22	-1.32	1.19	-0.55	-0.47	-0.62	0.93
Key Financials TTM
Total Revenue TTM	105	106	100	47	66	53	40	47	0	0	0	0
Ebitda TTM	-51	-55	-67	-81	-40	-37	-18	-4	-9	-9	-10	-9
Operating Income TTM	-27	-27	-28	-53	-34	-38	-40	-19	-39	-35	-31	-32
Net Income TTM	-53	-57	-65	-79	-39	-37	-22	-7	-14	-12	-13	-13
Growth Rates Quarterly
Total Revenue Growth	-10.4%	49.2%	723.6%	-41.3%	-	-	-	-	-	-	-	-
EBITDA Growth	30.6%	43.2%	58.3%	-165.8%	-32.9%	-226.5%	-127.9%	24.2%	-4.0%	11.2%	-7.2%	681.2%
Operating Income Growth	4.1%	11.0%	82.3%	-156.6%	32.4%	20.5%	-207.9%	259.4%	-48.9%	-63.2%	6.5%	-112.1%
Net Income Growth	27.0%	33.8%	56.2%	-172.9%	-25.3%	-173.3%	-132.9%	37.4%	-11.0%	5.6%	-0.4%	565.2%
Margins Quarterly
EBITDA Margin	-77.2%	-75.1%	-23.2%	-59.5%	-99.7%	-197.0%	-	53.0%	-	-	-	-
Operating Income Margin	-68.0%	-33.2%	-11.6%	-24.8%	-63.5%	-55.6%	-	25.7%	-	-	-	-
Net Income Margin	-82.1%	-78.2%	-24.4%	-60.3%	-100.8%	-176.2%	-	48.6%	-	-	-	-
Cash & Debt
Total Cash	59	69	95	70	67	79	72	95	89	130	100	118
Total Debt	30	31	31	25	4	2	2	2	2	2	2	2
Net Debt / (Cash)	-29	-38	-64	-45	-63	-78	-71	-93	-88	-128	-98	-116
Cash Flows Quarterly
FCF from Operations	-2	-19	-6	-8	-0	-28	-4	25	-10	-10	-4	-4
Cash Flows TTM
FCF from Operations TTM	-35	-34	-43	-40	-8	-17	2	1	-28	-27	-26	-31
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-6.9%	-5.9%	-5.0%	-6.5%	-8.4%	-6.9%	-30.7%	12.5%	-13.7%	-11.8%	-13.6%	-9.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-5.8%	-6.0%	-6.3%	-12.0%	-8.2%	-9.7%	-10.2%	-5.4%	-10.8%	-11.0%	-11.3%	-12.1%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$7.25
Market Cap ($ Bil)	0.2
First Trading Date	05/07/2018
Distance from 52W High	-49.9%
	50 Days	200 Days
DMA Price	$7.72	$8.14
DMA Trend	down	up
Distance from DMA	-6.1%	-10.9%
	3M	1YR
Volatility	95.9%	88.6%
Downside Capture	-18.30	126.91
Upside Capture	189.22	84.69
Correlation (SPY)	15.8%	21.8%

PLL Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.52	1.57	1.50	0.90	1.09	1.57
Up Beta	1.84	2.71	1.97	1.34	1.13	1.39
Down Beta	2.16	0.40	1.78	0.31	0.57	0.86
Up Capture	-37%	198%	141%	70%	137%	385%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	10	20	29	52	100	324
Down Capture	-42%	43%	99%	87%	128%	109%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	11	21	33	71	143	420

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/7/2025	4.3%	12.2%	-16.0%
4/23/2025	0.1%	10.2%	-12.7%
2/4/2025	5.6%	4.0%	-11.7%
11/12/2024	6.6%	0.9%	-2.3%
8/8/2024	-1.8%	-20.8%	-25.4%
5/9/2024	2.1%	12.1%	-7.7%
2/6/2024	3.2%	21.6%	13.0%
11/7/2023	-1.5%	-8.8%	-15.7%
SUMMARY STATS
# Positive	6	6	1
# Negative	2	2	7
Median Positive	3.8%	11.2%	13.0%
Median Negative	-1.7%	-14.8%	-12.7%
Max Positive	6.6%	21.6%	13.0%
Max Negative	-1.8%	-20.8%	-25.4%

	Forward Returns
8/7/2025	4.3%	12.2%	-16.0%
4/23/2025	0.1%	10.2%	-12.7%
2/4/2025	5.6%	4.0%	-11.7%
11/12/2024	6.6%	0.9%	-2.3%
8/8/2024	-1.8%	-20.8%	-25.4%
5/9/2024	2.1%	12.1%	-7.7%
2/6/2024	3.2%	21.6%	13.0%
11/7/2023	-1.5%	-8.8%	-15.7%
SUMMARY STATS
# Positive	6	6	1
# Negative	2	2	7
Median Positive	3.8%	11.2%	13.0%
Median Negative	-1.7%	-14.8%	-12.7%
Max Positive	6.6%	21.6%	13.0%
Max Negative	-1.8%	-20.8%	-25.4%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8072025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2262025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8092024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2292024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	3012023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8042022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2282022	10-KT 12/31/2021
9302021	11122021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Phillips Keith D.	President and CEO	12122024	Sell	12.31	41,867	515,521	2,100,846	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Piedmont Lithium (PLL)

Market Price (9/30/2025): $7.33 | Market Cap: $160.9 MilSector: Materials | Industry: Diversified Metals & Mining

Piedmont Lithium (PLL)

Market Price (9/30/2025): $7.33Market Cap: $160.9 MilSector: MaterialsIndustry: Diversified Metals & Mining

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Market Price (9/30/2025): $7.33 | Market Cap: $160.9 Mil
Sector: Materials | Industry: Diversified Metals & Mining

Market Price (9/30/2025): $7.33
Market Cap: $160.9 Mil
Sector: Materials
Industry: Diversified Metals & Mining