Local Bounti Corporation (LOCL) Financials
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 Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
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 Corporation (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).
The numbers describe a development-heavy operation where revenue is growing, but investment, debt, and cash needs still outweigh internally generated economics.
In FY2025, the net loss was$94.4M while operating cash flow was-$30.3M , showing reported earnings still did not translate into cash. R&D investment was$25.6M against revenue of$48.4M , so the cash mismatch sits alongside a development-heavy cost base rather than a mature margin structure.
Liabilities of
Gross margin was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Corporation'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.
Local Bounti Corporation 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 Corporation scores 7/100 among other emerging companies.
Local Bounti Corporation 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 Corporation scores 17/100 among other emerging companies.
Local Bounti Corporation 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 Corporation scores 54/100 among other emerging companies.
Local Bounti Corporation 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 Corporation scores 73/100 among other emerging companies.
Local Bounti Corporation'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 Corporation scores 51/100 among other emerging companies.
Local Bounti Corporation'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 Corporation scores 2/100 among other emerging companies.
Local Bounti Corporation scores -2.11, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $517.6M against total assets of $410.5M. 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.
Local Bounti Corporation 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.
Local Bounti Corporation 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.
Local Bounti Corporation 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
Earnings & Revenue
Local Bounti Corporation 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%.
Local Bounti Corporation's EBITDA was -$8.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Local Bounti Corporation reported a net loss of $19.8M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Local Bounti Corporation earned -$0.68 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Local Bounti Corporation recorded an outflow of $8.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Local Bounti Corporation held $3.6M in cash against $489.3M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Local Bounti Corporation'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.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
Local Bounti Corporation 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%.
Local Bounti Corporation 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%.
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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 | $10.4M-0.2% | $9.8M-4.6% | $9.3M-8.1% | $12.9M+4.9% | $10.4M-2.4% | $10.2M+34.5% | $10.1M-42.0% | $12.3M-14.3% |
| Operating Income | -$13.9Mn/m | -$13.9Mn/m | -$13.2Mn/m | -$18.2Mn/m | -$15.4Mn/m | -$15.7Mn/m | -$16.8Mn/m | -$18.0Mn/m |
| EBITDA | -$8.4Mn/m | -$8.3Mn/m | -$7.6Mn/m | -$12.4Mn/m | -$9.6Mn/m | -$9.9Mn/m | -$10.9Mn/m | -$12.2Mn/m |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $18.3M+157.7% |
| Net Income | -$19.8Mn/m | -$12.7Mn/m | -$8.7Mn/m | -$26.4Mn/m | -$21.6Mn/m | -$37.7Mn/m | -$36.3Mn/m | -$34.3Mn/m |
| EPS (Basic) | -$0.68 | -$0.53 | $0.17 | -$1.18 | -$1.63 | -$4.32n/m | -$4.23n/m | -$4.01n/m |
| EPS (Diluted) | -$0.68 | -$0.53 | $0.17 | -$1.18 | -$1.63 | -$4.32n/m | -$4.23n/m | -$4.01n/m |
| Diluted Shares (Avg) | 29M | 24M | N/A | 22M | 13M | 9M+5.8% | N/A | 9M+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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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 | -$196.9Mn/m | -$178.0Mn/m | -$166.2Mn/m | -$158.1Mn/m | -$132.7Mn/m | -$134.5Mn/m | -$100.5M-758.0% | -$65.6M-184.3% |
| Retained Earnings | -$550.1Mn/m | -$530.3Mn/m | -$517.6Mn/m | -$508.9Mn/m | -$482.5Mn/m | -$460.9Mn/m | -$423.2Mn/m | -$387.0Mn/m |
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.4Mn/m | -$6.1Mn/m | -$3.1M-354.9% | -$8.9Mn/m | -$8.7Mn/m | -$9.6Mn/m | $1.2Mn/m | -$17.2Mn/m |
| 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% | $590Kn/m | 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 | -$8.4Mn/m | -$7.2Mn/m | -$3.6Mn/m | -$10.1Mn/m | -$14.6Mn/m | -$14.5Mn/m | -$8.6Mn/m | -$30.0Mn/m |
| Investing Cash Flow | -$1.0Mn/m | -$1.1Mn/m | $482Kn/m | -$1.2Mn/m | -$5.9Mn/m | -$5.0Mn/m | -$9.8Mn/m | -$12.8Mn/m |
| Financing Cash Flow | -$221Kn/m | $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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.5%-4.6pp | 11.5%-1.1pp | 12.2%+6.9pp | 11.5%-2.3pp | 12.2%-2.2pp | 12.6%+3.2pp | 5.4%-4.5pp | 13.8%+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 Ratio | 1.07-0.2x | 1.62-0.4x | 1.35+1.0x | 1.69+1.4x | 1.29+0.7x | 2.03+1.2x | 0.34-0.5x | 0.33-0.8x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.020.0x |
| 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, Liabilities-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 the debt-to-equity, liabilities-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 Corporation LOCL | FY2025 | $48.4M | -$94.4M | N/A | $22.0M | 34/100 |
| Edible Garden AG Incorporated EDBL | FY2025 | $12.8M | -$17.3M | N/A | $1.7M | 38/100 |
| AquaBounty Technologies, Inc. AQB | FY2025 | N/A | -$18.5M | N/A | $5.3M | — |
Where Local Bounti Corporation Ranks
Frequently Asked Questions
What is Local Bounti Corporation's annual revenue?
Local Bounti Corporation (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 Corporation's revenue growing?
Local Bounti Corporation (LOCL) revenue grew by 26.8% year-over-year, from $38.1M to $48.4M in fiscal year 2025.
Is Local Bounti Corporation profitable?
No, Local Bounti Corporation (LOCL) reported a net loss of $67.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $94.4M.
What is Local Bounti Corporation's EBITDA?
Local Bounti Corporation (LOCL) had EBITDA of -$39.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Local Bounti Corporation have?
As of fiscal year 2025, Local Bounti Corporation (LOCL) had $4.2M in cash and equivalents against $483.1M in long-term debt.
What is Local Bounti Corporation's gross margin?
Local Bounti Corporation (LOCL) had a gross margin of 12.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Local Bounti Corporation's free cash flow?
Local Bounti Corporation (LOCL) recorded an outflow of $41.9M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
What is Local Bounti Corporation's operating cash flow?
Local Bounti Corporation (LOCL) recorded an outflow of $30.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Local Bounti Corporation's total assets?
Local Bounti Corporation (LOCL) had $410.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Local Bounti Corporation's capital expenditures?
Local Bounti Corporation (LOCL) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Local Bounti Corporation spend on research and development?
Local Bounti Corporation (LOCL) invested $25.6M in research and development during fiscal year 2025.
What is Local Bounti Corporation's current ratio?
Local Bounti Corporation (LOCL) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.
What is Local Bounti Corporation's return on assets (ROA)?
Local Bounti Corporation (LOCL) had a return on assets of -23.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Local Bounti Corporation's P/E ratio?
Local Bounti Corporation (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 $22.0M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Local Bounti Corporation's price-to-sales ratio?
Local Bounti Corporation (LOCL) trades at 0.4x sales, its market capitalization divided by $51.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $22.0M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Local Bounti Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Local Bounti Corporation (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.
Why is Local Bounti Corporation's debt-to-equity ratio negative or not reported?
Local Bounti Corporation (LOCL) has negative shareholder equity of -$166.2M as of fiscal year 2025, so no debt-to-equity or liabilities-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.
What is Local Bounti Corporation's Altman Z-Score?
Local Bounti Corporation (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.
What is Local Bounti Corporation's Piotroski F-Score?
Local Bounti Corporation (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.
Are Local Bounti Corporation's earnings high quality?
Local Bounti Corporation (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.
Can Local Bounti Corporation cover its interest payments?
Local Bounti Corporation (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.
How financially healthy is Local Bounti Corporation?
Local Bounti Corporation (LOCL) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is the average 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.