Comstock Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Comstock has an operating margin of -1315.2%, meaning the company retains $-1315 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -989.0% the prior year.
Comstock's revenue surged 136.7% year-over-year to $3.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Comstock carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Comstock's current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
Comstock passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Comstock generates $0.26 in operating cash flow (-$13.9M OCF vs -$53.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Comstock earns $-13.3 in operating income for every $1 of interest expense (-$39.7M vs $3.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Comstock (LODE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Key Financial Metrics
Comstock generated $3.0M in revenue in fiscal year 2024. This represents an increase of 136.7% from the prior year.
Comstock's EBITDA was -$37.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 269.6% from the prior year.
Comstock reported -$53.3M in net income in fiscal year 2024. This represents a decrease of 682.0% from the prior year.
Comstock earned $-3.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 469.0% from the prior year.
Comstock held $954K in cash against $8.4M in long-term debt as of fiscal year 2024.
Comstock had 24M shares outstanding in fiscal year 2024. This represents an increase of 99.4% from the prior year.
Comstock's gross margin was 85.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 15.0 percentage points from the prior year.
Comstock's operating margin was -1315.2% in fiscal year 2024, reflecting core business profitability. This is down 326.1 percentage points from the prior year.
Comstock's net profit margin was -1767.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2486.7 percentage points from the prior year.
Comstock invested $19.1M in research and development in fiscal year 2024. This represents an increase of 212.2% from the prior year.
LODE Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54K-84.1% | $340K-56.8% | $786K-50.9% | $1.6M+267.7% | $435K+2.1% | $426K-4.8% | $448K-41.2% | $761K |
| Cost of Revenue | $324K-60.1% | $814K-8.2% | $887K+96.2% | $452K | $0 | $0 | N/A | N/A |
| Gross Profit | -$270K+43.0% | -$474K-369.8% | -$101K-108.8% | $1.1M+163.8% | $435K+2.1% | $426K | N/A | N/A |
| R&D Expenses | $2.2M+5.1% | $2.1M-35.8% | $3.3M-76.8% | $14.2M+457.9% | $2.5M+185.7% | $892K-47.2% | $1.7M+21.2% | $1.4M |
| SG&A Expenses | $6.1M+31.8% | $4.6M+42.2% | $3.3M+1.6% | $3.2M+14.8% | $2.8M-20.8% | $3.5M+37.6% | $2.6M-18.4% | $3.1M |
| Operating Income | -$10.2M-33.2% | -$7.7M-8.9% | -$7.0M+55.6% | -$15.8M-184.7% | -$5.6M-19.6% | -$4.6M-8.9% | -$4.3M-259.6% | $2.7M |
| Interest Expense | $336K-56.6% | $774K+17.4% | $659K-2.1% | $673K-14.0% | $782K-4.4% | $819K+144.7% | $335K+4.3% | $321K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$12.9M-64.7% | -$7.8M+13.9% | -$9.1M+60.1% | -$22.8M-164.3% | -$8.6M-25.1% | -$6.9M-186.8% | $7.9M-35.7% | $12.4M |
| EPS (Diluted) | N/A | N/A | N/A | $-0.08 | N/A | $-0.06 | $0.87 | $0.11 |
LODE Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $176.3M+18.9% | $148.2M+33.1% | $111.3M+21.9% | $91.3M0.0% | $91.3M0.0% | $91.3M-14.2% | $106.5M0.0% | $106.5M |
| Current Assets | $35.1M+52.8% | $23.0M+46.5% | $15.7M+25.0% | $12.6M-55.7% | $28.4M+28.4% | $22.1M-4.7% | $23.2M-24.6% | $30.7M |
| Cash & Equivalents | $31.7M+70.6% | $18.6M+375.8% | $3.9M+309.4% | $954K+734.9% | $114K-75.5% | $467K-87.7% | $3.8M+10.0% | $3.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.8M-44.0% | $3.2M-11.6% | $3.6M+50.6% | $2.4M | N/A | N/A | $26K | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $54.6M-3.1% | $56.4M+8.8% | $51.8M+64.2% | $31.5M+6.9% | $29.5M-4.5% | $30.9M+9.6% | $28.2M+13.8% | $24.8M |
| Current Liabilities | $13.8M-10.1% | $15.4M+78.2% | $8.6M+6.3% | $8.1M-38.8% | $13.3M-10.4% | $14.8M-0.3% | $14.8M+27.2% | $11.7M |
| Long-Term Debt | $0-100.0% | $8.4M-39.7% | $13.9M+65.7% | $8.4M0.0% | $8.4M+5.6% | $7.9M+48.3% | $5.4M-7.9% | $5.8M |
| Total Equity | $118.4M+33.7% | $88.6M+48.7% | $59.5M-0.4% | $59.8M-20.2% | $74.9M+1.4% | $73.8M-5.7% | $78.3M+18.6% | $66.0M |
| Retained Earnings | -$365.5M-3.7% | -$352.6M-2.3% | -$344.7M-2.7% | -$335.7M-12.7% | -$297.9M-3.0% | -$289.2M-2.4% | -$282.3M+2.7% | -$290.3M |
LODE Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.7M-80.8% | -$4.8M+2.9% | -$5.0M-14.7% | -$4.3M-116.2% | -$2.0M+47.8% | -$3.8M-56.9% | -$2.4M+45.8% | -$4.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $356K+17.3% | $304K-56.6% | $699K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$4.2M-52.5% | -$2.7M+47.3% | -$5.2M |
| Investing Cash Flow | -$7.3M-263.5% | -$2.0M-10.2% | -$1.8M-573.1% | $384K+118.8% | -$2.0M+22.0% | -$2.6M+7.3% | -$2.8M-202.6% | $2.8M |
| Financing Cash Flow | $29.1M+35.4% | $21.5M+120.9% | $9.7M+175.5% | $3.5M-4.3% | $3.7M+17.9% | $3.1M-44.2% | $5.6M+55.7% | $3.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LODE Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -499.9%-360.1pp | -139.7%-126.9pp | -12.8%-84.6pp | 71.7%-28.3pp | 100.0%0.0pp | 100.0% | N/A | N/A |
| Operating Margin | -18889.3%-16631.3pp | -2258.0%-1362.2pp | -895.7%+94.9pp | -990.6%+288.8pp | -1279.4%-187.8pp | -1091.6%-137.6pp | -954.0%-1305.7pp | 351.7% |
| Net Margin | -23832.4%-21527.3pp | -2305.1%-1147.9pp | -1157.3%+269.8pp | -1427.0%+558.5pp | -1985.5%-365.3pp | -1620.2%-3395.5pp | 1775.3%+149.8pp | 1625.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 10.2%-8.6pp | 18.7% |
| Return on Assets | -7.3%-2.0pp | -5.3%+2.9pp | -8.2%+16.8pp | -25.0%-15.5pp | -9.5%-1.9pp | -7.6%-15.0pp | 7.5%-4.1pp | 11.6% |
| Current Ratio | 2.54+1.0 | 1.50-0.3 | 1.82+0.3 | 1.55-0.6 | 2.14+0.6 | 1.49-0.1 | 1.56-1.1 | 2.64 |
| Debt-to-Equity | 0.00-0.1 | 0.09-0.1 | 0.23+0.1 | 0.14+0.0 | 0.110.0 | 0.11+0.0 | 0.07-0.0 | 0.09 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -982.9%-369.7pp | -613.1%+71.1pp | -684.3% |
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Frequently Asked Questions
What is Comstock's annual revenue?
Comstock (LODE) reported $3.0M in total revenue for fiscal year 2024. This represents a 136.7% 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 Comstock's revenue growing?
Comstock (LODE) revenue grew by 136.7% year-over-year, from $1.3M to $3.0M in fiscal year 2024.
Is Comstock profitable?
No, Comstock (LODE) reported a net income of -$53.3M in fiscal year 2024, with a net profit margin of -1767.9%.
What is Comstock's earnings per share (EPS)?
Comstock (LODE) reported diluted earnings per share of $-3.21 for fiscal year 2024. This represents a -469.0% change compared to the previous fiscal year. 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.
What is Comstock's EBITDA?
Comstock (LODE) had EBITDA of -$37.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Comstock have?
As of fiscal year 2024, Comstock (LODE) had $954K in cash and equivalents against $8.4M in long-term debt.
What is Comstock's gross margin?
Comstock (LODE) had a gross margin of 85.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Comstock's operating margin?
Comstock (LODE) had an operating margin of -1315.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Comstock's net profit margin?
Comstock (LODE) had a net profit margin of -1767.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Comstock's operating cash flow?
Comstock (LODE) generated -$13.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Comstock's total assets?
Comstock (LODE) had $91.3M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Comstock spend on research and development?
Comstock (LODE) invested $19.1M in research and development during fiscal year 2024.
How many shares does Comstock have outstanding?
Comstock (LODE) had 24M shares outstanding as of fiscal year 2024.
What is Comstock's current ratio?
Comstock (LODE) had a current ratio of 1.55 as of fiscal year 2024, which is generally considered healthy.
What is Comstock's debt-to-equity ratio?
Comstock (LODE) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Comstock's return on assets (ROA)?
Comstock (LODE) had a return on assets of -58.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Comstock's cash runway?
Based on fiscal year 2024 data, Comstock (LODE) had $954K in cash against an annual operating cash burn of $13.9M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Comstock's Piotroski F-Score?
Comstock (LODE) has a Piotroski F-Score of 2 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Comstock's earnings high quality?
Comstock (LODE) has an earnings quality ratio of 0.26x, considered low quality (accrual-driven). 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 Comstock cover its interest payments?
Comstock (LODE) has an interest coverage ratio of -13.3x, meaning it can struggle to cover its interest obligations. 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 Comstock?
Comstock (LODE) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.