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Unaudited condensed consolidated interim statements of equity - USD ($)
$ in Millions
Total
Equity attributable to the shareholders of Li-Cycle Holdings Corp.
Number of common shares
Common stock and additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Non-controlling interest
Beginning balance, common shares, outstanding (in shares) at Dec. 31, 2022     22,012,500        
Beginning balance, equity at Dec. 31, 2022 $ 501.6 $ 501.4   $ 635.3 $ (133.6) $ (0.3) $ 0.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Settlement of RSUs (in shares)     100,000        
Settlement of RSUs 0.0            
Exercise of stock options (in shares)     162,500        
Exercise of stock options 0.0            
Stock-based compensation - RSUs 8.5 8.5   8.5      
Stock-based compensation - options 2.8 2.8   2.8      
Payment to the holders of non-controlling interest in subsidiary (0.6) (0.4)   (0.4)     (0.2)
Comprehensive loss (99.1) (99.1)     (99.1)    
Net loss (99.1) (99.1)     (99.1)    
Ending balance, common shares, outstanding (in shares) at Sep. 30, 2023     22,275,000        
Ending balance, equity at Sep. 30, 2023 413.2 413.2   646.2 (232.7) (0.3) 0.0
Beginning balance, common shares, outstanding (in shares) at Jun. 30, 2023     22,225,000        
Beginning balance, equity at Jun. 30, 2023 439.9 439.9   642.2 (202.0) (0.3) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Settlement of RSUs (in shares)     37,500        
Settlement of RSUs 0.0            
Exercise of stock options (in shares)     12,500        
Exercise of stock options 0.0            
Stock-based compensation - RSUs 3.0 3.0   3.0      
Stock-based compensation - options 1.0 1.0   1.0      
Comprehensive loss (30.7) (30.7)     (30.7)    
Net loss (30.7) (30.7)     (30.7)    
Ending balance, common shares, outstanding (in shares) at Sep. 30, 2023     22,275,000        
Ending balance, equity at Sep. 30, 2023 $ 413.2 413.2   646.2 (232.7) (0.3) 0.0
Beginning balance, common shares, outstanding (in shares) at Dec. 31, 2023 22,200,000   22,200,000        
Beginning balance, equity at Dec. 31, 2023 $ 376.4 376.4   648.3 (271.6) (0.3) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Settlement of RSUs (in shares)     300,000        
Settlement of RSUs 0.0            
Issuance of common stock in connection with the ATM Program (in shares)     700,000        
Issuance of common stock in connection with the ATM Program 1.2 1.2   1.2      
Stock-based compensation - RSUs 6.1 6.1   6.1      
Stock-based compensation - options 0.0 0.0   0.0      
Comprehensive loss (88.4) (88.4)     (88.4)    
Net loss $ (88.4) (88.4)     (88.4)    
Ending balance, common shares, outstanding (in shares) at Sep. 30, 2024 23,200,000   23,200,000        
Ending balance, equity at Sep. 30, 2024 $ 295.3 295.3   655.6 (360.0) (0.3) 0.0
Beginning balance, common shares, outstanding (in shares) at Jun. 30, 2024     22,500,000        
Beginning balance, equity at Jun. 30, 2024 235.7 235.7   652.5 (416.5) (0.3) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Settlement of RSUs (in shares)     0        
Settlement of RSUs 0.0            
Issuance of common stock in connection with the ATM Program (in shares)     700,000        
Issuance of common stock in connection with the ATM Program 1.2 1.2   1.2      
Stock-based compensation - RSUs 3.0 3.0   3.0      
Stock-based compensation - options (1.1) (1.1)   (1.1)      
Comprehensive loss 56.5 56.5     56.5    
Net loss $ 56.5 56.5     56.5    
Ending balance, common shares, outstanding (in shares) at Sep. 30, 2024 23,200,000   23,200,000        
Ending balance, equity at Sep. 30, 2024 $ 295.3 $ 295.3   $ 655.6 $ (360.0) $ (0.3) $ 0.0