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LOCAL BOUNTI CORP (LOCL) Financials

LOCL
Trailing 12 months to June 30, 2026
Revenue $51.8M +17.8% YoY
Net Income -$67.7M +47.9% YoY
EPS (Diluted) -$2.22 YoY not available
Free Cash Flow -$29.3M +56.7% YoY
Market Cap $26.2M as of Sep 5, 2026
Price / Sales 0.5x on $51.8M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LOCL SEC filings page.

LOCAL BOUNTI CORP (LOCL) reported $51.8M in revenue over the twelve months to Jun 30, 2026, up 17.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LOCL FY2025

Revenue scale is expanding, but thin gross profit is overwhelmed by operating costs and debt-linked financing.

Gross margin improved to 12.1% in FY2025, yet operating margin remained -129.5%; production economics improved faster than the operating cost structure could absorb. The pattern points to partial margin improvement without operating break-even, rather than a fully scaled model.

Net loss was -$94.4M while operating cash flow was -$30.3M, so accounting losses were substantially larger than the cash outflow because non-cash charges and working-capital effects mattered. After capital spending, free cash flow remained -$41.9M while financing cash flow was $45.2M, showing that external funding offset the internally generated cash shortfall in FY2025.

Gross profit was only $5.9M against SG&A of $33.8M; R&D added another $25.6M, leaving little gross profit to support the broader cost base. Total liabilities of $576.7M exceeded negative equity of -$166.2M, while the 1.7-month liquidity measure and 1.4x current ratio indicate limited short-term flexibility despite the current-ratio improvement from FY2024.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&DIntensity Revenue Progress BurnTrend BalanceSheet 34 / 100
Financial Health Score 34/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of LOCAL BOUNTI CORP's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway
7

LOCAL BOUNTI CORP held $4.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $30.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and LOCAL BOUNTI CORP scores 7/100 among other emerging companies.

Dilution
16

LOCAL BOUNTI CORP had 22M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and LOCAL BOUNTI CORP scores 16/100 among other emerging companies.

R&D Intensity
55

LOCAL BOUNTI CORP spent $25.6M on research and development in fiscal year 2025, which was 23.0% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and LOCAL BOUNTI CORP scores 55/100 among other emerging companies.

Revenue Progress
74

LOCAL BOUNTI CORP reported revenue of $48.4M in fiscal year 2025, against $38.1M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and LOCAL BOUNTI CORP scores 74/100 among other emerging companies.

Burn Trend
49

LOCAL BOUNTI CORP's operations used $30.3M of cash in fiscal year 2025, against $27.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and LOCAL BOUNTI CORP scores 49/100 among other emerging companies.

Balance Sheet
2

LOCAL BOUNTI CORP's cash, cash equivalents and investments came to $4.2M at the end of fiscal year 2025, against $576.7M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and LOCAL BOUNTI CORP scores 2/100 among other emerging companies.

Altman Z-Score Distress
-2.11

LOCAL BOUNTI CORP scores -2.11, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($26.2M) relative to total liabilities ($576.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
5/9

LOCAL BOUNTI CORP passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

LOCAL BOUNTI CORP reported a net loss of $94.4M while operations used $30.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

LOCAL BOUNTI CORP reported an operating loss of $62.6M against $32.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$13.8M
YoY+14.4%
QoQ+3.8%
5Y CAGR+164.0%

LOCAL BOUNTI CORP generated $13.8M in revenue in Q2 2026. This represents an increase of 14.4% from the same quarter a year earlier. Against the prior quarter it is up 3.8%.

EBITDA
-$8.4M
YoY+12.7%
QoQ-0.9%

LOCAL BOUNTI CORP's EBITDA was -$8.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.7% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Net Income
-$19.8M
YoY+8.1%
QoQ-55.8%

LOCAL BOUNTI CORP reported -$19.8M in net income in Q2 2026. This represents an increase of 8.1% from the same quarter a year earlier. Against the prior quarter it is down 55.8%.

EPS (Diluted)
-$0.68
QoQ-28.3%

LOCAL BOUNTI CORP earned -$0.68 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 28.3%.

Cash & Balance Sheet

Free Cash Flow
-$8.4M
YoY+42.5%
QoQ-17.3%

LOCAL BOUNTI CORP recorded an outflow of $8.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 42.5% from the same quarter a year earlier. Against the prior quarter it is down 17.3%.

Cash & Debt
$3.6M
YoY-31.3%
QoQ-70.4%
5Y CAGR-31.0%

LOCAL BOUNTI CORP held $3.6M in cash against $489.3M in long-term debt as of Q2 2026.

Shares Outstanding
23M
QoQ+2.6%

LOCAL BOUNTI CORP had 23M shares outstanding in Q2 2026. Against the prior quarter it is up 2.6%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
7.5%
YoY-4.6pp
QoQ-4.0pp
5Y CAGR-17.4pp

LOCAL BOUNTI CORP's gross margin was 7.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 4.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.

Operating Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

R&D Spending
$4.6M
YoY-29.4%
QoQ-19.9%
5Y CAGR+44.6%

LOCAL BOUNTI CORP invested $4.6M in research and development in Q2 2026. This represents a decrease of 29.4% from the same quarter a year earlier. Against the prior quarter it is down 19.9%.

Capital Expenditures
$1.0M
YoY-82.3%
QoQ-5.1%
5Y CAGR-31.6%

LOCAL BOUNTI CORP invested $1.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 82.3% from the same quarter a year earlier. Against the prior quarter it is down 5.1%.

Share Buybacks

Not reported for Q2 2026.

LOCL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LOCL quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$13.8M+14.4%$13.3M+14.9%$12.5M+23.7%$12.2M+19.1%$12.1M+28.2%$11.6M+38.4%$10.1M+46.7%$10.2M+50.4%
Cost of Revenue$12.8M+20.4%$11.8M+16.4%$10.9M+14.8%$10.8M+22.3%$10.6M+31.4%$10.1M+33.5%$9.5M+54.1%$8.8M+37.8%
Gross Profit$1.0M-28.9%$1.5M+5.0%$1.5M+181.7%$1.4M-0.5%$1.5M+9.0%$1.5M+85.9%$540K-20.6%$1.4M+248.9%
R&D Expenses$4.6M-29.4%$5.7M-18.1%$5.4M-24.3%$6.7M-5.9%$6.5M+43.5%$7.0M+100.1%$7.2M+80.4%$7.1M+41.9%
SG&A Expenses$7.5M-6.3%$7.5M-7.3%$7.1M-29.8%$10.5M-14.9%$8.0M-24.8%$8.1M+6.7%$10.1M-42.0%$12.3M-14.3%
Operating Income-$13.9M+9.7%-$13.9M+11.4%-$13.2M+21.2%-$18.2M-1.1%-$15.4M-11.4%-$15.7M-52.8%-$16.8M+71.7%-$18.0M+5.1%
EBITDA-$8.4M+12.7%-$8.3M+15.7%-$7.6M+30.1%-$12.4M-1.7%-$9.6M+3.8%-$9.9M-39.4%-$10.9M+80.7%-$12.2M+22.0%
Interest Expense-$4.5M+2.5%-$4.0M+78.6%N/A-$4.6M-124.9%-$4.6M-136.8%-$18.8M-96.1%N/A$18.3M+157.7%
Net Income-$19.8M+8.1%-$12.7M+66.2%-$8.7M+76.0%-$26.4M+23.0%-$21.6M+14.6%-$37.7M-56.7%-$36.3M+44.7%-$34.3M-41.5%
EPS (Basic)-$0.68+58.3%-$0.53+87.7%$0.17+104.0%-$1.18+70.6%-$1.63+45.7%-$4.32-49.5%-$4.23+48.4%-$4.01-32.8%
EPS (Diluted)-$0.68-$0.53$0.17-$1.18-$1.63-$4.32-49.5%-$4.23+48.4%-$4.01-32.8%
Diluted Shares (Avg)29M24MN/A22M13M9M+5.8%N/A9M+6.9%

Not reported in any period shown, so not listed: Income Tax.

LOCL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LOCL quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$402.7M-5.6%$414.2M-7.4%$410.5M-4.1%$417.8M-3.0%$426.8M-2.6%$447.2M+8.2%$428.0M+12.1%$430.8M+14.1%
Current Assets$23.3M-6.7%$30.2M-25.7%$22.0M+17.0%$24.1M+39.5%$24.9M-6.8%$40.6M+58.3%$18.8M-30.3%$17.3M-37.7%
Cash & Equivalents$3.6M-31.3%$12.3M-32.0%$4.2M+351.8%$6.2M+1855.5%$5.3M-45.4%$18.0M+118.5%$937K-90.9%$317K-97.3%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$7.6M+8.0%$7.2M+0.5%$7.4M+8.9%$6.8M+4.2%$7.0M+28.4%$7.2M+44.3%$6.8M+61.9%$6.5M+45.7%
Accounts Receivable$2.9M+17.7%$2.9M+10.6%$2.2M-3.5%$2.4M+18.6%$2.4M-2.5%$2.6M-22.9%$2.3M-25.9%$2.0M-23.3%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$599.6M+7.2%$592.2M+5.7%$576.7M+9.1%$575.9M+16.0%$559.5M+18.8%$560.2M+32.5%$528.5M+44.2%$496.4M+65.7%
Current Liabilities$21.7M+12.1%$18.7M-6.6%$16.3M-70.6%$14.3M-73.1%$19.4M-55.4%$20.0M-37.9%$55.4M+73.6%$53.1M+114.6%
Non-Current Liabilities$577.9M+7.0%$573.5M+6.2%$560.4M+18.5%$561.6M+26.7%$540.1M+26.4%$540.2M+38.3%$473.1M+41.4%$443.3M+61.2%
Long-Term Debt$489.3M+2.3%$490.8M+2.2%$483.1M+16.0%$484.9M+26.0%$478.3M+30.2%$480.0M+45.6%$416.6M+49.9%$384.9M+77.4%
Total Equity-$196.9M-48.3%-$178.0M-32.4%-$166.2M-65.4%-$158.1M-141.0%-$132.7M-304.2%-$134.5M-1323.2%-$100.5M-758.0%-$65.6M-184.3%
Retained Earnings-$550.1M-14.0%-$530.3M-15.1%-$517.6M-22.3%-$508.9M-31.5%-$482.5M-36.8%-$460.9M-40.8%-$423.2M-39.5%-$387.0M-62.7%

Not reported in any period shown, so not listed: Goodwill.

LOCL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LOCL quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$7.4M+15.5%-$6.1M+36.5%-$3.1M-354.9%-$8.9M+48.2%-$8.7M-117.9%-$9.6M-34.9%$1.2M+117.2%-$17.2M-73.8%
Depreciation & Amortization$5.6M-4.9%$5.6M-4.3%$5.6M-4.7%$5.9M-0.3%$5.9M+50.6%$5.9M+82.2%$5.9M+99.3%$5.9M+72.3%
Stock-Based Compensation$995K-56.0%$993K+68.3%N/A$1.3M-9.8%$2.3M+37.1%$590K+163.2%N/A$1.4M-57.5%
Capital Expenditures$1.0M-82.3%$1.1M-77.7%-$482K-95.1%$1.2M-90.7%$5.9M-76.2%$5.0M-85.8%$9.8M-78.2%$12.8M-68.8%
Free Cash Flow-$8.4M+42.5%-$7.2M+50.6%-$3.6M+57.8%-$10.1M+66.3%-$14.6M+49.2%-$14.5M+65.5%-$8.6M+83.5%-$30.0M+41.1%
Investing Cash Flow-$1.0M+82.3%-$1.1M+77.7%$482K+104.9%-$1.2M+90.7%-$5.9M+76.2%-$5.0M+85.8%-$9.8M+78.2%-$12.8M+68.8%
Financing Cash Flow-$221K+63.3%$15.2M-57.1%$672K-92.7%$9.6M-53.3%-$603K-102.0%$35.5M-11.1%$9.3M-81.8%$20.6M-28.5%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

LOCL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LOCL quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin7.5%-4.6pp11.5%-1.1pp12.2%+6.9pp11.5%-2.3pp12.2%-2.2pp12.6%+3.2pp5.4%-4.5pp13.8%+7.9pp
Operating Margin-100.7%-104.5%-106.1%-149.3%-127.6%-135.6%-166.6%-176.0%
Net Margin-143.1%-95.4%-69.8%-216.6%-178.3%-324.6%-360.1%-335.2%
Return on Assets-4.9%+0.1pp-3.1%+5.3pp-2.1%+6.3pp-6.3%+1.6pp-5.1%+0.7pp-8.4%-2.6pp-8.5%+8.7pp-8.0%-1.5pp
Current Ratio1.07-0.2x1.62-0.4x1.35+1.0x1.69+1.4x1.29+0.7x2.03+1.2x0.34-0.5x0.33-0.8x
Asset Turnover0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.020.0x0.020.0x
FCF Margin-60.8%-53.8%-29.1%+56.2pp-82.8%-121.0%-125.1%-85.3%-293.1%

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Note: Shareholder equity is negative (-$166.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
LOCAL BOUNTI CORP LOCL FY2025 $48.4M -$94.4M N/A $26.2M 34/100
Davis Commoditie DTCK FY2025 $184.2M -$5.0M -2.7% $1.4M 19/100
Edible Garden AG Inc EDBL FY2025 $12.8M -$17.3M N/A $2.7M 31/100
Aquabounty Technologies Inc AQB FY2025 N/A -$18.5M N/A $5.9M
Shineco SISI FY2024 $9.8M -$22.4M N/A $5.0M
Agriforce Growing Systems Ltd AGRI FY2025 $2.3M -$33.2M N/A $9.6M 40/100

Frequently Asked Questions

What is LOCAL BOUNTI CORP's annual revenue?

LOCAL BOUNTI CORP (LOCL) reported $48.4M in total revenue for fiscal year 2025. This represents a 26.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LOCAL BOUNTI CORP's revenue growing?

LOCAL BOUNTI CORP (LOCL) revenue grew by 26.8% year-over-year, from $38.1M to $48.4M in fiscal year 2025.

Is LOCAL BOUNTI CORP profitable?

No, LOCAL BOUNTI CORP (LOCL) reported a net income of -$94.4M in fiscal year 2025.

LOCAL BOUNTI CORP (LOCL) reported diluted earnings per share of -$5.61 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

LOCAL BOUNTI CORP (LOCL) had EBITDA of -$39.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, LOCAL BOUNTI CORP (LOCL) had $4.2M in cash and equivalents against $483.1M in long-term debt.

LOCAL BOUNTI CORP (LOCL) had a gross margin of 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

LOCAL BOUNTI CORP (LOCL) recorded an outflow of $41.9M in free cash flow during fiscal year 2025. This represents a 61.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

LOCAL BOUNTI CORP (LOCL) recorded an outflow of $30.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

LOCAL BOUNTI CORP (LOCL) had $410.5M in total assets as of fiscal year 2025, including both current and long-term assets.

LOCAL BOUNTI CORP (LOCL) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

LOCAL BOUNTI CORP (LOCL) invested $25.6M in research and development during fiscal year 2025.

LOCAL BOUNTI CORP (LOCL) had 22M shares outstanding as of fiscal year 2025.

LOCAL BOUNTI CORP (LOCL) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.

LOCAL BOUNTI CORP (LOCL) had a return on assets of -23.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

LOCAL BOUNTI CORP (LOCL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $26.2M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

LOCAL BOUNTI CORP (LOCL) trades at 0.5x sales, its market capitalization divided by revenue of $51.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $26.2M as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, LOCAL BOUNTI CORP (LOCL) held $4.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $30.3M over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

LOCAL BOUNTI CORP (LOCL) has negative shareholder equity of -$166.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

LOCAL BOUNTI CORP (LOCL) has an Altman Z-Score of -2.11, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

LOCAL BOUNTI CORP (LOCL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

LOCAL BOUNTI CORP (LOCL) reported a net loss of $94.4M while operations used $30.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

LOCAL BOUNTI CORP (LOCL) reported an operating loss of $62.6M against $32.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

LOCAL BOUNTI CORP (LOCL) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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