LOCL

MKT CAP:$55M

Local Bounti Corporation

Market Cap

$55M

Consumer Defensive·Agricultural Farm Products·🇺🇸 United States·NYSE

Consumer Def.·Agricultural·🇺🇸·NYSE

Stock Price

$2.68+$0.52 (+24.07%)

Apr 24, 2026

Company Details

Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was fou...

CEO

Kathleen Valiasek

IPO Date

Apr 19, 2021

Website

localbounti.com

Key Metrics TTM

Revenue

$48M

+26.8% YoY

Net Income

-$94M

EPS (Diluted)

-$7.83

Free Cash Flow

-$42M

Revenue / Share

$2.12

Gross Margin

12.1%

Operating Margin

-129.5%

Net Margin

-195.1%

FCF Margin

-86.7%

P/S

1.1x

P/E

—

Earnings Reports

Q1 2026

May 13, 2026

PENDING

FY 2025

Mar 27, 2026

$48M+26.8%EPS -$5.61

Q4 2025

Mar 27, 2026

$12M+23.7%EPS -$0.38

Q3 2025

Nov 14, 2025

$12M+19.1%EPS -$1.18

Q2 2025

Aug 14, 2025

$12M+28.2%EPS -$1.95

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$282.0K	$48.0K	-$24M
Q2 22	$6M	-$12.0K	-$26M
Q3 22	$6M	$1M	-$22M
Q4 22	$7M	$914.0K	-$22M
Q1 23	$7M	$279.0K	-$19M
Q2 23	$7M	$852.0K	-$19M
Q3 23	$7M	$405.0K	-$19M
Q4 23	$7M	$680.0K	-$59M
Q1 24	$8M	$786.0K	-$10M
Q2 24	$9M	$1M	-$14M
Q3 24	$10M	$1M	-$18M
Q4 24	$10M	$540.0K	-$17M
Q1 25	$12M	$1M	-$16M
Q2 25	$12M	$1M	-$15M
Q3 25	$12M	-$2M	-$14M
Q4 25	$12M	$5M	-$17M

Valuation

Quarter	P/S	P/E
Q1 22	953.1x	—
Q2 22	43.5x	—
Q3 22	19.3x	—
Q4 22	6.2x	—
Q1 23	2.5x	—
Q2 23	0.8x	—
Q3 23	0.7x	—
Q4 23	0.6x	—
Q1 24	0.8x	—
Q2 24	0.8x	—
Q3 24	0.6x	—
Q4 24	0.5x	—
Q1 25	0.6x	—
Q2 25	1.2x	—
Q3 25	1.4x	—
Q4 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$10M	-$25M
Q2 22	-$17M	-$27M
Q3 22	-$10M	-$26M
Q4 22	-$12M	-$27M
Q1 23	-$8M	-$41M
Q2 23	-$8M	-$52M
Q3 23	-$10M	-$51M
Q4 23	-$7M	-$52M
Q1 24	-$7M	-$42M
Q2 24	-$4M	-$29M
Q3 24	-$17M	-$30M
Q4 24	$1M	-$9M
Q1 25	-$10M	-$15M
Q2 25	-$9M	-$15M
Q3 25	-$9M	-$10M
Q4 25	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q1 22	$15M
Q2 22	$11M
Q3 22	$15M
Q4 22	$15M
Q1 23	$33M
Q2 23	$44M
Q3 23	$41M
Q4 23	$45M
Q1 24	$35M
Q2 24	$25M
Q3 24	$13M
Q4 24	$10M
Q1 25	$5M
Q2 25	$6M
Q3 25	$1M
Q4 25	$482.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+555.8%	+656.0%
Q2 22	+10898.2%	+270.5%
Q3 22	+5719.4%	+650.7%
Q4 22	+4074.8%	+392.8%
Q1 23	+2275.2%	+6.3%
Q2 23	+14.6%	-18.3%
Q3 23	+8.4%	-8.7%
Q4 23	+3.4%	+129.6%
Q1 24	+25.2%	-28.1%
Q2 24	+31.5%	-12.3%
Q3 24	+50.4%	+9.5%
Q4 24	+46.7%	-59.4%
Q1 25	+38.4%	+46.3%
Q2 25	+28.2%	+18.2%
Q3 25	+19.1%	-5.8%
Q4 25	+23.7%	+9.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$11M	3905.3%
Q2 22	$12M	186.6%
Q3 22	$11M	173.5%
Q4 22	$6M	83.6%
Q1 23	$6M	89.0%
Q2 23	$4M	61.7%
Q3 23	$3M	47.9%
Q4 23	$3M	38.1%
Q1 24	-$934.0K	-11.1%
Q2 24	$2M	17.5%
Q3 24	$1M	13.5%
Q4 24	$1M	12.4%
Q1 25	$590.0K	5.1%
Q2 25	$2M	18.7%
Q3 25	$1M	10.3%
Q4 25	$1M	8.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$2M	—	—	$22M
Q2 22	$3M	$23M	—	—
Q3 22	$3M	—	—	$20M
Q4 22	$5M	—	—	$18M
Q1 23	$4M	—	—	$16M
Q2 23	$4M	$17M	—	—
Q3 23	$5M	—	—	$14M
Q4 23	$4M	—	—	$17M
Q1 24	$3M	$5M	$2M	—
Q2 24	$5M	$7M	$2M	—
Q3 24	$7M	—	—	$12M
Q4 24	$7M	—	—	$10M
Q1 25	$7M	$7M	$2M	—
Q2 25	$6M	$7M	$2M	—
Q3 25	$4M	—	—	$8M
Q4 25	$5M	$7M	$2M	—

Revenue Segments

Quarter	Reportable Segment
Q1 25	$12M
Q2 25	$12M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$72M	$0	$72M
Q2 22	$23M	$0	$23M
Q3 22	$4M	$0	$4M
Q4 22	$14M	$0	$14M
Q1 23	$7M	$0	$7M
Q2 23	$34M	$0	$34M
Q3 23	$18M	$0	$18M
Q4 23	$10M	$0	$10M
Q1 24	$8M	$0	$8M
Q2 24	$10M	$0	$10M
Q3 24	$317.0K	$0	$317.0K
Q4 24	$937.0K	$0	$937.0K
Q1 25	$18M	$0	$18M
Q2 25	$5M	$0	$5M
Q3 25	$13M	$0	$13M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	6M	+64.9%	+171.3%
Q2 22	7M	+9.4%	+80.3%
Q3 22	7M	+0.7%	+81.6%
Q4 22	7M	+0.3%	+82.1%
Q1 23	8M	+12.3%	+24.0%
Q2 23	8M	+2.6%	+16.4%
Q3 23	8M	+1.1%	+16.8%
Q4 23	8M	+0.9%	+17.6%
Q1 24	8M	+2.9%	+7.7%
Q2 24	8M	+1.0%	+6.1%
Q3 24	9M	+1.9%	+6.8%
Q4 24	8M	-1.0%	+4.8%
Q1 25	9M	+3.9%	+5.8%
Q2 25	11M	+25.5%	+31.4%
Q3 25	22M	+103.4%	+162.4%
Q4 25	23M	+1.5%	+169.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$2.5K	111
Q2 22	$56.5K	111
Q3 22	$56.6K	111
Q4 22	$23.0K	289
Q1 23	$23.2K	289
Q2 23	$24.9K	289
Q3 23	$23.6K	289
Q4 23	$22.8K	301
Q1 24	$27.9K	301
Q2 24	$31.4K	301
Q3 24	$34.0K	301
Q4 24	$30.2K	333
Q1 25	$34.8K	333
Q2 25	$36.3K	333
Q3 25	$36.6K	333
Q4 25	$43.6K	286

Revenue / Employee