FCLIF (Full Circle Lithium) Operating Income: $-3.62 Mil (TTM As of Apr. 2026)


FCLIF Full Circle Lithium Corp FCLIF
29 GF Score
Price $0.28
! 5 Warning Signs
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What is Full Circle Lithium Operating Income?

Full Circle Lithium FCLIF -2.23% 29 Operating Income is $-3.62 Mil as of Apr. 2026. GuruFocus rates FCLIF with a GF Score™ of 29/100. The stock has 5 warning signs investors should review.

Full Circle Lithium's Operating Income for the three months ended in Apr. 2026 was $-0.93 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was $-3.62 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Full Circle Lithium's Operating Income for the three months ended in Apr. 2026 was $-0.93 Mil. Full Circle Lithium's Revenue for the three months ended in Apr. 2026 was $0.11 Mil. Therefore, Full Circle Lithium's Operating Margin % for the quarter that ended in Apr. 2026 was -882.86%.

Full Circle Lithium's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Full Circle Lithium's annualized ROC % for the quarter that ended in Apr. 2026 was -89.86%. Full Circle Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -102.81%.

Full Circle Lithium  (OTCPK:FCLIF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Full Circle Lithium's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-3.708 * ( 1 - 0% )/( (4.05 + 4.203)/ 2 )
=-3.708/4.1265
=-89.86 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5.44 - 0.277 - ( 1.113 - max(0, 0.277 - 1.663+1.113))
=4.05

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4.836 - 0.318 - ( 0.315 - max(0, 0.318 - 1.045+0.315))
=4.203

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Full Circle Lithium's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-3.708/( ( (3.305 + max(0.246, 0)) + (3.278 + max(0.384, 0)) )/ 2 )
=-3.708/( ( 3.551 + 3.662 )/ 2 )
=-3.708/3.6065
=-102.81 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.057 + 0.201 + 0.265) - (0.277 + 0 + 0)
=0.246

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.071 + 0.483 + 0.148) - (0.318 + 0 + 0)
=0.384

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Full Circle Lithium's Operating Margin % for the quarter that ended in Apr. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Apr. 2026 )/Revenue (Q: Apr. 2026 )
=-0.927/0.105
=-882.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Full Circle Lithium Operating Income Related Terms

Full Circle Lithium Operating Income Historical Data

* Premium members only.

The historical data trend for Full Circle Lithium's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Full Circle Lithium Operating Income Chart

Full Circle Lithium Annual Data
Trend Dec21 Oct22 Oct23 Oct24 Oct25
Operating Income
0.00 0.00 -3.46 -3.71 -2.80

Full Circle Lithium Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.66 -1.11 -0.93 -0.93
FCLIF
29GF Score
Full Circle Lithium Corp FCLIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Full Circle Lithium Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.62 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-3.62 Mil mean?
Full Circle Lithium (FCLIF) has a Operating Income of $-3.62 Mil as of Apr. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Full Circle Lithium and its competitors.
Is Full Circle Lithium's Operating Income too high?
Full Circle Lithium's current Operating Income is $-3.62 Mil. Overall, Full Circle Lithium has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Full Circle Lithium's Operating Income compare to competitors?
Full Circle Lithium's Operating Income of $-3.62 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Metals & Mining company?
A good Operating Income depends on the Metals & Mining industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Full Circle Lithium and its competitors. Full Circle Lithium's current Operating Income is $-3.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Circle Lithium stock overvalued right now?
Full Circle Lithium (FCLIF) has a current Operating Income of $-3.62 Mil. The current Operating Income is $-3.62 Mil. Full Circle Lithium's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Full Circle Lithium (FCLIF), the current Operating Income is $-3.62 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Full Circle Lithium Business Description

Other Exchanges FCLI:Canada
Address 110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4
Full Circle Lithium Corp is a lithium processor focused on lithium and battery materials reintegration to meet the demand for crucial battery-grade raw materials, utilizing proprietary technology and know-how. Full Circle is focused on three complementary battery material processing divisions: battery recycling from end-of-life lithium-ion batteries, lithium feedstock recycling from industrial and chemical feedstock, and lithium refinery from upstream feedstock. It operates in only one reportable segment, being the manufacture and sale of a lithium-ion battery fire extinguishing agent, FCL-X. The geographic revenue is derived from United States.
29GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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