NYSE : LOCL
Local Bounti Corporation — Financial statements
Consumer Staples · Farm Products · United States
Last price 0.92535 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 21.63M
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Financial statements
Local Bounti Corporation (LOCL) reported revenue of 51.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 51.84M | 48.37M | 38.14M | 27.56M | 19.47M | 638.00K |
| Cost of Revenue | 46.34M | 42.51M | 34.05M | 25.34M | 16.22M | 432.00K |
| Gross Profit | 5.51M | 5.86M | 4.09M | 2.22M | 3.26M | 206.00K |
| Selling, General & Admin | 38.73M | 39.21M | 40.77M | 64.56M | 78.28M | 41.50M |
| Research & Development | 22.41M | 25.57M | 22.29M | 16.09M | 14.06M | 3.42M |
| Operating Expenses | 61.13M | 64.79M | 63.06M | 80.64M | 92.34M | 44.92M |
| Operating Income | -55.62M | -58.93M | -58.97M | -78.43M | -89.08M | -44.72M |
| Interest Expense | -17.25M | -32.17M | -58.92M | -25.75M | -16.73M | -6.62M |
| Other Non Operating Income (Expenses) | 3.40M | 3.77M | -2.82M | 157.00K | 189.00K | 309.00K |
| EBT Excluding Unusual Items | -69.47M | -87.32M | -120.71M | -104.02M | -105.63M | -51.03M |
| Merger & Restructuring Charges | -5.44M | |||||
| Impairment of Goodwill | -38.48M | |||||
| Asset Writedown | -3.70M | -3.70M | ||||
| Other Unusual Items | 5.51M | -3.36M | 811.00K | 18.48M | -5.07M | |
| Pretax Income | -67.67M | -94.38M | -119.90M | -124.02M | -111.07M | -56.09M |
| Net Income | -67.67M | -94.38M | -119.90M | -124.02M | -111.07M | -56.09M |
| Net Income to Common | -67.26M | -94.38M | -119.90M | -124.02M | -111.07M | -56.09M |
| Shares Outstanding (Basic) | 24.72M | 16.90M | 8.48M | 7.94M | 6.70M | 4.07M |
| Shares Outstanding (Diluted) | 24.72M | 16.90M | 8.48M | 7.94M | 6.70M | 4.07M |
| EPS (Basic) | -2.72 | -5.59 | -14.14 | -15.61 | -16.57 | -13.79 |
| EPS (Diluted) | -2.72 | -5.59 | -14.14 | -15.61 | -16.57 | -13.79 |
| Free Cash Flow | -28.36M | -41.92M | -109.52M | -195.42M | -130.64M | -49.77M |
| Free Cash Flow Per Share | -1.15 | -2.48 | -12.91 | -24.60 | -19.50 | -12.23 |
| Gross Margin | 10.62% | 12.12% | 10.72% | 8.04% | 16.73% | 32.29% |
| Operating Margin | -107.29% | -121.84% | -154.62% | -284.61% | -457.45% | -7,008.93% |
| Profit Margin | -129.74% | -195.14% | -314.39% | -450.03% | -570.36% | -8,792.01% |
| Free Cash Flow Margin | -54.71% | -86.69% | -287.16% | -709.16% | -670.85% | -7,801.57% |
| EBITDA | -32.90M | -35.67M | -40.06M | -65.30M | -78.66M | -44.03M |
| EBITDA Margin | -63.46% | -73.75% | -105.04% | -236.95% | ||
| D&A For EBITDA | 22.72M | 23.26M | 18.91M | 13.13M | 10.43M | 684.00K |
| EBIT | -55.62M | -58.93M | -58.97M | -78.43M | -89.08M | -44.72M |
| EBIT Margin | -107.29% | -121.84% | -154.62% | -284.61% | ||
| Advertising Expenses | 200.00K | 400.00K | 1.10M | 900.00K | 700.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.63M | 4.23M | 937.00K | 10.33M | 13.67M | 96.66M |
| Cash & Short-Term Investments | 3.63M | 4.23M | 937.00K | 10.33M | 13.67M | 96.66M |
| Receivables | 2.87M | 2.20M | 2.28M | 3.08M | 2.69M | 110.00K |
| Inventory | 7.59M | 7.42M | 6.81M | 4.21M | 3.59M | 922.00K |
| Prepaid Expenses | 2.67M | 1.69M | 2.26M | 2.81M | 2.88M | 3.40M |
| Restricted Cash | 6.50M | 6.49M | 6.53M | 6.57M | 11.27M | 4.42M |
| Total Current Assets | 23.27M | 22.03M | 18.82M | 26.99M | 34.10M | 105.51M |
| Property, Plant & Equipment | 349.90M | 357.69M | 371.33M | 313.34M | 157.98M | 37.41M |
| Goodwill | 38.48M | |||||
| Other Intangible Assets | 29.52M | 30.78M | 37.78M | 41.35M | 47.27M | |
| Other Long-Term Assets | 101.00K | 73.00K | 901.00K | 1.02M | ||
| Total Assets | 402.68M | 410.49M | 428.04M | 381.75M | 278.74M | 143.93M |
| Accounts Payable | 14.32M | 11.78M | 16.99M | 14.64M | 13.76M | 1.92M |
| Accrued Expenses | 6.65M | 3.65M | 18.08M | 17.20M | 9.43M | 16.02M |
| Current Portion of Long-Term Debt | 606.00K | 762.00K | 20.26M | |||
| Current Portion of Leases | 144.00K | 113.00K | 111.00K | 97.00K | 84.00K | 28.00K |
| Total Current Liabilities | 21.72M | 16.31M | 55.44M | 31.94M | 23.27M | 17.97M |
| Long-Term Debt | 540.64M | 534.46M | 466.43M | 327.21M | 119.81M | 11.20M |
| Long-Term Leases | 306.00K | 180.00K | 263.00K | 114.00K | 14.33M | 13.08M |
| Other Long-Term Liabilities | 36.90M | 25.78M | 6.40M | 7.21M | ||
| Total Liabilities | 599.57M | 576.73M | 528.53M | 366.48M | 157.41M | 42.25M |
| Common Stock | 2.00K | 2.00K | 1.00K | 1.00K | 1.00K | 9.00K |
| Additional Paid-In Capital | 353.26M | 351.37M | 322.73M | 318.60M | 300.64M | 169.92M |
| Retained Earnings | -550.15M | -517.61M | -423.23M | -303.33M | -179.31M | -68.24M |
| Shareholders' Equity | -196.89M | -166.24M | -100.50M | 15.27M | 121.33M | 101.68M |
| Total Liabilities & Equity | 402.68M | 410.49M | 428.04M | 381.75M | 278.74M | 143.93M |
| Total Debt | 541.70M | 535.52M | 487.06M | 327.42M | 134.22M | 24.31M |
| Net Cash (Debt) | -538.07M | -531.28M | -486.13M | -317.10M | -120.56M | 72.35M |
| Net Cash Per Share | -21.77 | -31.44 | -57.32 | -39.92 | -17.99 | 17.78 |
| Filing Date Shares Outstanding | 23.38M | 22.40M | 8.66M | 8.44M | 8.04M | 6.65M |
| Total Common Shares Outstanding | 23.19M | 22.22M | 8.66M | 8.31M | 7.98M | 6.64M |
| Working Capital | 1.55M | 5.72M | -36.61M | -4.95M | 10.84M | 87.54M |
| Book Value Per Share | -8.49 | -7.48 | -11.61 | 1.84 | 15.21 | 15.31 |
| Tangible Book Value | -226.41M | -197.01M | -138.28M | -26.08M | 35.58M | 101.68M |
| Tangible Book Value Per Share | -9.76 | -8.87 | -15.98 | -3.14 | 4.46 | 15.31 |
| Land | 19.25M | 19.25M | 19.25M | 19.25M | 19.30M | 4.12M |
| Buildings | 262.40M | 262.06M | 258.86M | 66.75M | 55.39M | 14.14M |
| Machinery | 121.07M | 119.44M | 115.37M | 44.17M | 32.77M | 3.68M |
| Construction In Progress | 4.59M | 4.66M | 6.04M | 196.32M | 56.75M | 16.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -67.67M | -94.38M | -119.90M | -124.02M | -111.07M | -56.09M |
| Depreciation & Amortization | 22.72M | 23.26M | 18.91M | 13.13M | 10.43M | 684.00K |
| Other Amortization | 432.00K | 2.20M | 8.40M | 7.28M | 2.99M | 782.00K |
| Loss (Gain) From Sale of Assets | 326.00K | 264.00K | 1.65M | 4.71M | 2.57M | |
| Asset Writedown & Restructuring Costs | 3.70M | 3.70M | 38.48M | |||
| Stock-Based Compensation | 4.33M | 5.19M | 3.35M | 16.27M | 39.17M | 17.89M |
| Provision & Write-off of Bad Debts | 17.00K | 17.00K | -103.00K | 5.00K | 114.00K | 19.00K |
| Other Operating Activities | 3.03M | 29.15M | 51.84M | 5.87M | 1.56M | 7.11M |
| Change in Accounts Receivable | -449.00K | 62.00K | 899.00K | -392.00K | -643.00K | 193.00K |
| Change in Inventory | -691.00K | -593.00K | -3.10M | -678.00K | -88.00K | -652.00K |
| Change in Accounts Payable | 5.19M | 1.54M | 6.64M | -66.00K | 2.12M | 1.74M |
| Change in Other Net Operating Assets | 3.56M | -752.00K | 4.35M | 6.24M | 4.05M | 8.21M |
| Operating Cash Flow | -25.50M | -30.34M | -27.06M | -33.16M | -48.81M | -20.11M |
| Capital Expenditures | -2.86M | -11.59M | -82.45M | -162.26M | -81.83M | -29.67M |
| Cash Acquisitions | -90.55M | |||||
| Investing Cash Flow | -2.86M | -11.59M | -82.45M | -162.26M | -172.38M | -29.67M |
| Long-Term Debt Issued | 21.96M | 100.11M | 187.61M | 124.65M | 56.65M | |
| Long-Term Debt Repaid | -51.00K | -27.00K | -10.65M | |||
| Net Debt Issued (Repaid) | 26.66M | 21.91M | 100.09M | 187.61M | 124.65M | 45.99M |
| Issuance of Common Stock | 3.54M | 23.30M | 167.95M | |||
| Repurchase of Common Stock | -861.00K | -1.22M | -3.00K | |||
| Common Dividends Paid | -27.32M | |||||
| Other Financing Activities | -226.00K | -2.90M | -35.82M | |||
| Financing Cash Flow | 25.32M | 45.18M | 100.09M | 187.38M | 145.05M | 150.81M |
| Net Cash Flow | -3.04M | 3.25M | -9.43M | -8.04M | -76.14M | 101.03M |
| Free Cash Flow | -28.36M | -41.92M | -109.52M | -195.42M | -130.64M | -49.77M |
| Free Cash Flow Margin | -54.71% | -86.69% | -287.16% | -709.16% | -670.85% | -7,801.57% |
| Free Cash Flow Per Share | -1.15 | -2.48 | -12.91 | -24.60 | -19.50 | -12.23 |
| Levered Free Cash Flow | -19.13M | -57.41M | -123.48M | -178.25M | -101.74M | -35.02M |
| Unlevered Free Cash Flow | -8.78M | -39.51M | -95.05M | -169.44M | -94.27M | -31.66M |
| Cash Interest Paid | 4.04M | 4.04M | 5.54M | 4.04M | 10.74M | 2.98M |
| Change in Working Capital | 7.61M | 255.00K | 8.79M | 5.11M | 5.44M | 9.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.77M | 47.66M | 17.92M | 17.12M | 144.14M | 556.92M |
| Enterprise Value | 559.84M | 576.99M | 466.19M | 271.55M | 267.89M | 606.05M |
| Last Close Price | 0.93 | 2.14 | 2.07 | 2.07 | 18.07 | 83.85 |
| PS Ratio | 0.42 | 0.98 | 0.47 | 0.62 | 7.40 | 872.92 |
| PB Ratio | -0.29 | -0.18 | 1.12 | 1.19 | 5.48 | |
| P/TBV Ratio | 4.05 | 5.48 | ||||
| EV/Sales Ratio | 10.80 | 11.93 | 12.22 | 9.85 | 13.76 | 949.92 |
| Debt / Equity Ratio | -2.75 | -3.22 | -4.85 | 21.44 | 1.11 | 0.24 |
| Net Debt / Equity Ratio | -2.73 | -3.20 | -4.84 | 20.76 | 0.99 | -0.71 |
| Net Debt / EBITDA Ratio | -16.35 | -14.90 | -12.13 | -4.86 | -1.53 | 1.64 |
| Net Debt / FCF Ratio | -18.97 | -12.67 | -4.44 | -1.62 | -0.92 | 1.45 |
| Asset Turnover | 0.12 | 0.12 | 0.09 | 0.08 | 0.09 | 0.01 |
| Inventory Turnover | 6.34 | 5.97 | 6.18 | 6.49 | 7.18 | 0.74 |
| Quick Ratio | 0.30 | 0.40 | 0.06 | 0.42 | 0.70 | 5.39 |
| Current Ratio | 1.07 | 1.35 | 0.34 | 0.84 | 1.47 | 5.87 |
| Return on Equity (ROE) | -181.57% | -99.61% | -113.19% | |||
| Return on Assets (ROA) | -8.38% | -8.78% | -9.10% | -14.84% | -26.35% | -36.53% |
| Return on Capital Employed (ROCE) | -14.60% | -14.90% | -15.80% | -22.40% | -34.90% | -35.50% |
| Earnings Yield | -292.25% | -198.03% | -669.20% | -724.28% | -77.06% | -10.07% |
| FCF Yield | -130.28% | -87.97% | -611.23% | -1,141.32% | -90.63% | -8.94% |
| Buyback Yield / Dilution | -151.67% | -99.24% | -6.75% | -18.55% | -64.71% | -6.46% |