Local Bounti Corporation/DE LOCL

Agriculture SIC 0100 - Agricultural Production-Crops NAICS Agriculture, Forestry, Fishing and Hunting › Crop Production derived NYSE

Our mission is to revolutionize agriculture, ensuring accessibility to fresh, sustainable, locally grown produce to nourish communities everywhere for generations to come. Our vision is to reimagine freshness. We envision a future where transformative innovation and technology combine to enable us to locally grow produce with minimal food miles, ensuring the freshest and most sustainable offerings for communities everywhere. We believe that happy plants make happy taste buds, and we are committed to reimagining the standards of freshness. We also believe that local is the best kind of business, and we are committed to helping communities thrive for generations to come. We are committed to building empowered local teams. Together, we believe we are capable of extraordinary achievements in sustainable agriculture.

Last close 0.95 2026-10-23
Market cap $22.2M 2026-06-30 share count
52-week range 0.90 - 3.22

Valuation FY2025 figures against the last close

P/S0.5x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-5.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $48.4M$38.1M$27.6M$19.5M$638.0K$82.0K—
Cost of revenue $42.5M$34.0M$25.3M$17.3M$432.0K$91.0K—
Gross profit $5.9M$4.1M$2.2M$2.2M$206.0K-$9.0K—
R&D $25.6M$22.3M$16.1M$14.1M$3.4M$1.1M—
SG&A $33.8M$32.9M$64.6M$82.7M$41.5M$6.8M—
Total operating expenses $68.5M$63.1M$119.1M$96.7M$44.9M$7.9M—
Operating income -$62.6M-$59.0M-$116.9M-$94.5M-$44.7M-$7.9M—
Interest expense ——$25.7M$16.7M$6.6M$522.0K—
Pre-tax income -$94.4M-$119.9M-$124.0M-$111.1M-$56.1M-$8.4M—
Income tax $0$0$0$0$0$0—
Net income -$94.4M-$119.9M-$124.0M-$111.1M-$56.1M-$8.4M—
EPS, basic -5.61-14.14-15.61-16.57-1.06-0.17—
EPS, diluted -5.61-14.14-15.61-16.57-1.06-0.17—
Shares, diluted (wtd. avg.) 16.9M8.5M7.9M6.7M52.9M49.7M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $4.2M$937.0K$16.9M$24.9M$101.1M$45.0K$2.1M
Receivables $2.2M$2.3M$3.1M$2.7M$110.0K$11.0K—
Inventory $7.4M$6.8M$4.2M$3.6M$922.0K$243.0K—
Total current assets $22.0M$18.8M$27.0M$34.1M$105.5M$628.0K—
Property, plant and equipment $357.4M$371.0M$313.2M————
Goodwill ——$0$38.5M$0——
Other intangibles $30.8M$37.8M$41.4M$47.3M$0——
Total assets $410.5M$428.0M$381.8M$278.7M$143.9M$9.1M—
Accounts payable $11.8M$17.0M$14.6M$13.8M$1.9M$176.0K—
Short-term debt $0$20.2M$0————
Total current liabilities $16.3M$55.4M$31.9M$23.3M$18.0M$2.4M—
Long-term debt $483.1M$416.6M$278.0M$119.8M$11.2M$104.0K—
Total liabilities $576.7M$528.5M$366.5M$157.4M$42.2M$11.7M—
Retained earnings -$517.6M-$423.2M-$303.3M-$179.3M-$68.2M-$12.1M—
Total equity -$166.2M-$100.5M$15.3M$121.3M$101.7M-$2.6M$2.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$30.3M-$27.1M-$33.2M-$48.8M-$20.1M-$3.8M—
Depreciation and amortisation $23.2M$18.9M$13.1M$10.4M$684.0K$287.0K—
Stock-based compensation $5.2M$3.3M$16.3M$39.2M$17.9M$3.3M—
Capital expenditure $11.6M$82.5M$162.3M$56.0M$29.7M$3.4M—
Investing cash flow -$11.6M-$82.5M-$162.3M-$172.4M-$29.7M-$3.4M—
Financing cash flow $45.2M$100.1M$187.4M$145.1M$150.8M$5.2M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021706.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -150M -100M -50M 0 50M Revenue, FY2020: 82K Gross profit, FY2020: -9K Net income, FY2020: -8.4M Revenue, FY2021: 638K Gross profit, FY2021: 206K Net income, FY2021: -56.1M Revenue, FY2022: 19.5M Gross profit, FY2022: 2.2M Net income, FY2022: -111.1M Revenue, FY2023: 27.6M Gross profit, FY2023: 2.2M Net income, FY2023: -124M Revenue, FY2024: 38.1M Gross profit, FY2024: 4.1M Net income, FY2024: -119.9M Revenue, FY2025: 48.4M Gross profit, FY2025: 5.9M Net income, FY2025: -94.4M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $82.0K $638.0K $19.5M $27.6M $38.1M $48.4M
Gross profit — -$9.0K $206.0K $2.2M $2.2M $4.1M $5.9M
Net income — -$8.4M -$56.1M -$111.1M -$124.0M -$119.9M -$94.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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