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LOCL

Local Bounti Corporation

LOCL

Local Bounti Corporation • NYSE
$2.45 ▲ 1.24% (+0.03)
Market Cap $54.56 M
52w High $5.75
52w Low $1.18
Dividend Yield 0%
P/E -0.24
Volume 7.66K
Outstanding Shares 22.27M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $12.2M ▲ $12.086M ▼ $-26.43M ▼ -216.639% ▼ $-1.18 ▲ $-16.019M ▼
Q2-2025 $12.103M ▲ $16.922M ▼ $-21.577M ▲ -178.278% ▲ $-1.95 ▲ $-11.119M ▲
Q1-2025 $11.605M ▲ $17.195M ▼ $-37.675M ▼ -324.645% ▲ $-4.32 ▼ $-12.957M ▼
Q4-2024 $10.07M ▼ $17.314M ▼ $-36.258M ▼ -360.06% ▼ $-4.28 ▼ $-11.869M ▼
Q3-2024 $10.242M $19.444M $-34.327M -335.159% $-4.01 $-10.147M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $12.711M ▲ $417.761M ▼ $575.9M ▲ $-158.139M ▼
Q2-2025 $5.286M ▼ $426.774M ▼ $559.496M ▼ $-132.722M ▼
Q1-2025 $18.008M ▲ $447.197M ▲ $560.194M ▲ $-112.997M ▼
Q4-2024 $937K ▲ $428.035M ▼ $528.535M ▲ $-100.5M ▼
Q3-2024 $317K $430.814M $496.427M $-65.613M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-26.43M ▼ $-8.92M ▼ $-1.187M ▲ $9.647M ▲ $-460K ▲ $-10.107M ▲
Q2-2025 $-21.577M ▲ $-8.717M ▲ $-5.922M ▼ $-603K ▼ $-15.242M ▼ $-14.639M ▼
Q1-2025 $-37.675M ▼ $-9.553M ▼ $-4.962M ▲ $35.462M ▲ $20.947M ▲ $-14.515M ▼
Q4-2024 $-36.258M ▼ $1.234M ▲ $-9.825M ▲ $9.25M ▼ $659K ▲ $-8.591M ▲
Q3-2024 $-34.327M $-17.211M $-12.805M $20.649M $-9.367M $-30.016M

Revenue by Products

Product Q1-2025Q2-2025
Reportable Segment
Reportable Segment
 $10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Local Bounti is still in a very early commercial stage. Revenue exists but remains very small relative to its cost base, so scale has not yet been reached. Gross profit is essentially nonexistent at this stage, which means the company has not yet shown that it can produce at a profit after basic production costs. Operating losses have been consistent since before the SPAC listing, reflecting heavy spending on building out facilities, organization, and brand. While losses have been sizable for several years, the most recent period shows some early signs of cost discipline with operating and cash losses not getting dramatically worse. Overall, this is still a story of a company investing ahead of revenue with no clear profitability yet demonstrated.

Balance Sheet

Balance Sheet The balance sheet reflects an asset‑heavy, debt‑funded buildout. Total assets have grown as facilities and infrastructure have been added, but cash on hand is now very limited. Debt has climbed steadily and now exceeds the value of the company’s assets, leading to negative shareholders’ equity. That means obligations to lenders and other creditors are larger than the accounting value attributable to shareholders. This structure can work if future growth and profitability materialize, but it raises financial risk if performance disappoints or access to new capital becomes difficult. The prior reverse stock split also signals that the company has already gone through significant equity market pressure.

Cash Flow

Cash Flow The business consumes cash rather than generating it. Operating cash flow has been consistently negative, showing that day‑to‑day operations are not yet self‑funding. On top of that, the company has been spending heavily on capital projects, such as new or expanded growing facilities, which makes total free cash flow meaningfully negative. There is some indication that capital spending intensity is easing a bit, but the company still relies on external financing—debt, equity, or both—to support its growth and cover ongoing losses. With limited cash on the balance sheet, maintaining funding access is a key risk to monitor.

Competitive Edge

Competitive Edge Local Bounti operates in a promising but crowded and capital‑intensive niche: indoor and controlled‑environment agriculture. Its focus on leafy greens and salads, combined with sustainable positioning, aligns well with trends toward fresh, local, and environmentally friendly food. The company highlights strong relationships with major retailers and a differentiated product set, including living greens and premium salad kits, which can support shelf space and brand recognition. However, competitors in this space range from other CEA specialists to traditional growers and salad brands, many of which are larger, better capitalized, or further along the profitability curve. The need to prove superior unit economics versus both traditional agriculture and rival indoor farms remains a central strategic challenge.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. Local Bounti’s patented Stack & Flow Technology is designed to combine the yield advantages of vertical farming with the lower energy needs of greenhouses, potentially improving economics versus pure vertical farms. The company is also innovating on the product side, moving beyond commodity greens into branded, chef‑style salad kits and planning expansion into categories like berries. This mix of proprietary growing technology, sustainability benefits, and value‑added products gives Local Bounti a differentiated story. There is also potential to monetize its technology through licensing or partnerships over time, although that remains more of a future option than a current driver.

Summary

Local Bounti is an early‑stage, innovation‑driven player in indoor agriculture that is still firmly in the investment phase. The company has an appealing narrative—patented technology, sustainability, branded products, and retailer relationships—but so far only modest revenue and persistent losses. The balance sheet is stretched, with high debt, very limited cash, and negative equity, which increases financial risk if growth or margins do not improve quickly enough. Cash burn remains significant, though there are signs of some moderation in capital spending. Overall, the opportunity hinges on whether Local Bounti can translate its technology and product innovation into clear cost advantages, meaningful scale, and consistent profitability before funding constraints become binding. Uncertainty is high, execution risk is significant, and the company’s future path will depend heavily on its ability to scale efficiently and maintain access to capital.

NEWS

November 12, 2025 · 7:15 AM UTC

Local Bounti Announces Third Quarter 2025 Financial Results

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November 10, 2025 · 5:06 PM UTC

Local Bounti to Release Third Quarter 2025 Financial Results on Wednesday, November 12, 2025

Read more