Local Bounti WTS (LOCLW) Financials
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 LOCLW SEC filings page.
Local Bounti Corp WTS (LOCLW) reported $48.4M in revenue for fiscal year 2025, up 26.8% from the prior fiscal year. 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).
Revenue is expanding, but gross-profit gains still do not fund operating costs, leaving the company dependent on financing.
From FY2024 to FY2025, revenue rose26.8% while gross margin widened1.4 pp , but operating loss still reached$62.6M ; growth improved unit economics without covering the operating cost base. SG&A increased5.3% and R&D14.8% , consistent with continued spending even as losses remained substantial.
The balance sheet is structurally overextended: liabilities of
FY2025 operating cash flow was
Financial Health Signals
We do not publish a peer-relative financial health score for Local Bounti Corp WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Local Bounti Corp WTS 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 Corp WTS 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 Corp WTS 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 Corp WTS 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 Corp WTS'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 Corp WTS 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 Corp WTS 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 Corp WTS 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 Corp WTS 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 Corp WTS'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 Corp WTS 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 Corp WTS 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.
LOCLW 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.
LOCLW 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.
LOCLW 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% | N/A | $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 | N/A | -$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.
LOCLW 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% | N/A | -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.
Where Local Bounti Corp WTS Ranks
Frequently Asked Questions
Local Bounti Corp WTS (LOCLW) 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.
Local Bounti Corp WTS (LOCLW) revenue grew by 26.8% year-over-year, from $38.1M to $48.4M in fiscal year 2025.
No, Local Bounti Corp WTS (LOCLW) reported a net loss of $94.4M in fiscal year 2025.
Local Bounti Corp WTS (LOCLW) 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 WTS (LOCLW) had $4.2M in cash and equivalents against $483.1M in long-term debt.
Local Bounti Corp WTS (LOCLW) 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 WTS (LOCLW) 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.
Local Bounti Corp WTS (LOCLW) recorded an outflow of $30.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Local Bounti Corp WTS (LOCLW) had $410.5M in total assets as of fiscal year 2025, including both current and long-term assets.
Local Bounti Corp WTS (LOCLW) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Local Bounti Corp WTS (LOCLW) invested $25.6M in research and development during fiscal year 2025.
Local Bounti Corp WTS (LOCLW) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.
Local Bounti Corp WTS (LOCLW) 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 WTS (LOCLW) 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.
Local Bounti Corp WTS (LOCLW) 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 WTS (LOCLW) 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 WTS (LOCLW) 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.