---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022456"
form_type: "8-K"
ticker: null
cik: "0001828811"
company_name: "Li-Cycle Holdings Corp."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:06:36.997121+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Li-Cycle Q1 net loss widens to $136.7M; revenue up 17%; cuts workforce, advances DOE loan talks

## Summary
- Net loss of $136.7M vs $36.5M in Q1 2023, driven by $58.9M debt extinguishment loss and $23.8M unrealized fair value loss.
- Revenue of $4.2M (+17% YoY); product sales and recycling services revenue fell to $4.6M from $7.7M on lower nickel/cobalt prices.
- Adjusted EBITDA loss improved to $27.4M from $37.9M; ended Q1 with $109.1M cash.
- Closed $75M Glencore convertible note; DOE loan for up to $375M under review; workforce cuts to save ~$10M annually.
- Signed new/expanded recycling agreements with three top European EV OEMs; advancing Rochester Hub MHP approach cost estimates.

## SEC filing metadata
- accession: 0001628280-24-022456
- form_type: 8-K
- cik: 0001828811
- company_name: Li-Cycle Holdings Corp.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828811/000162828024022456/0001628280-24-022456-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828811/000162828024022456/licy-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022456
- JSON: https://secwatch.observer/filing/0001628280-24-022456.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022456.txt

## Key facts
- Earnings Releases
  Li-Cycle Holdings Corp. reported the three months ended March 31, 2024 results: revenue $4.2 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $4.2 million
  - Result: reported results
  source text: payable metals in the products sold, partially offset by an increase in recycling service revenue and a higher amount of black mass sold. Total revenues increased 17% to $4.2 million versus $3.6 million in 2023, which was impacted by lower unfavorable FMV pricing adjustment of $0.4 million versus an unfavorable adjustment of $4.1 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828811/000162828024022456/0001628280-24-022456-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.