The company maintains a precarious capital structure with a negative equity position of -$178.0 million and a substantial debt load of $535.5 million as of 2025Q4.
| Total Current Assets | 30.19M | 22.03M | 18.82M | 26.99M | 34.1M | 105.51M | 628K | 2.15M |
| Cash & Short-Term Investments | 12.25M | 4.23M | 937K | 10.33M | 13.67M | 96.66M | 45K | 2.14M |
| Cash Only | 12.25M | 4.23M | 937K | 10.33M | 13.67M | 96.66M | 45K | 2.14M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.87M | 2.2M | 2.28M | 3.08M | 2.69M | 110K | 333K | 0 |
| Days Sales Outstanding | 18.09 | 16.63 | 21.84 | 40.77 | 50.44 | 62.93 | 1.48K | - |
| Inventory | 7.19M | 7.42M | 6.81M | 4.21M | 3.59M | 922K | 243K | 0 |
| Days Inventory Outstanding | 58.81 | 63.71 | 73.05 | 60.64 | 76.01 | 779 | 974.67 | - |
| Other Current Assets | 7.88M | 8.17M | 8.79M | 6.57M | 14.15M | 4.42M | 0 | 0 |
| Total Non-Current Assets | 383.98M | 388.47M | 409.21M | 354.76M | 244.64M | 38.42M | 8.47M | 3.74M |
| Property, Plant & Equipment | 353.83M | 357.69M | 371.33M | 313.34M | 157.98M | 37.41M | 8.42M | 3.74M |
| Fixed Asset Turnover | 0.14x | 0.14x | 0.10x | 0.09x | 0.12x | 0.02x | 0.01x | - |
| Goodwill | 0 | 0 | 0 | 0 | 38.48M | 0 | 0 | 0 |
| Intangible Assets | 30.15M | 30.78M | 37.78M | 41.35M | 47.27M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 101K | 73K | 901K | 1.02M | 51K | 0 |
| Total Assets | 414.17M | 410.49M | 428.04M | 381.75M | 278.74M | 143.93M | 9.1M | 5.89M |
| Asset Turnover | 0.12x | 0.12x | 0.09x | 0.07x | 0.07x | 0.00x | 0.01x | - |
| Asset Growth % | -17.1% | -4.1% | 12.12% | 36.96% | 93.66% | 1481.3% | 54.59% | - |
| Total Current Liabilities | 18.66M | 15.64M | 55.44M | 31.94M | 23.27M | 17.97M | 2.35M | 837K |
| Accounts Payable | 14.38M | 11.78M | 16.99M | 14.64M | 13.76M | 1.92M | 176K | 147K |
| Days Payables Outstanding | 92.81 | 101.17 | 182.1 | 210.87 | 290.94 | 1.62K | 705.93 | - |
| Short-Term Debt | 135K | 202K | 20.2M | 0 | 0 | 0 | 50K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4.15M | 3.65M | 51K | 14.61M | 0 | 0 | 0 | 0 |
| Current Ratio | 1.62x | 1.41x | 0.34x | 0.84x | 1.47x | 5.87x | 0.27x | 2.56x |
| Quick Ratio | 1.23x | 0.93x | 0.22x | 0.71x | 1.31x | 5.82x | 0.16x | 2.56x |
| Cash Conversion Cycle | -15.92 | -20.84 | -87.22 | -109.46 | -164.49 | -780.29 | 1.75K | - |
| Total Non-Current Liabilities | 573.52M | 561.09M | 473.1M | 334.54M | 134.14M | 24.28M | 9.32M | 2.5M |
| Long-Term Debt | 288K | 483.12M | 416.58M | 277.99M | 119.81M | 11.2M | 104K | 2.5M |
| Capital Lease Obligations | 102.9M | 52.2M | 263K | 49.34M | 187K | 13.08M | 9.22M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 573.24M | 25.78M | 56.26M | 7.21M | 14.14M | 0 | 0 | 0 |
| Total Liabilities | 592.19M | 576.73M | 528.53M | 366.48M | 157.41M | 42.25M | 11.67M | 3.33M |
| Total Debt | 423K | 535.52M | 437.16M | 327.42M | 120.08M | 24.31M | 9.37M | 2.5M |
| Net Debt | -11.83M | 531.28M | 436.22M | 317.1M | 106.42M | -72.35M | 9.32M | 360K |
| Debt / Equity | -0.00x | - | - | 21.44x | 0.99x | 0.24x | - | 0.98x |
| Debt / EBITDA | -0.01x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.27x | - | - | - | - | - | - | - |
| Interest Coverage | -6.17x | -1.93x | -1.03x | -3.82x | -5.64x | -7.48x | -15.11x | - |
| Total Equity | -178.02M | -166.24M | -100.5M | 15.27M | 121.33M | 101.68M | -2.57M | 2.55M |
| Equity Growth % | -568.13% | -65.41% | -758.02% | -87.41% | 19.32% | 4055% | -200.67% | - |
| Book Value per Share | -7.38 | -7.08 | -11.85 | 1.92 | 15.21 | 15.31 | -0.67 | 3.31 |
| Total Shareholders' Equity | -178.02M | -166.24M | -100.5M | 15.27M | 121.33M | 101.68M | -2.57M | 2.55M |
| Common Stock | 2K | 2K | 1K | 1K | 1K | 9K | 1K | 1K |
| Retained Earnings | -530.33M | -517.61M | -423.23M | -303.33M | -179.31M | -68.24M | -12.15M | -3.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall
As reported in recent financial filings, Local Bounti's equity position has deteriorated into a deficit of $178.0 million by 2026Q1, reflecting a persistent trend of accumulated losses that significantly outpace the company's ability to generate internal capital or maintain a stable net asset base.
The consistent expansion of the accumulated deficit suggests that the company's business model has yet to achieve the necessary scale to cover its fixed cost base. This trajectory implies that the firm remains heavily reliant on external financing to offset ongoing operational losses, which warrants significant caution regarding long-term solvency.
Based on the provided balance sheet data, Local Bounti carries a substantial debt load of $535.5 million as of 2025Q4, which, when viewed alongside the negative equity position, indicates a highly leveraged capital structure that leaves little room for operational error or further financial distress.
The reliance on debt to fund the construction of climate-controlled facilities appears to have created a rigid cost structure that complicates the company's path to profitability. Investors should monitor whether the current debt service requirements will necessitate further dilutive equity raises or restructuring in the near term.
According to quarterly balance sheet disclosures, Local Bounti's asset base is heavily concentrated in net property, plant, and equipment, which totaled $353.8 million in 2026Q1, representing the vast majority of the company's total assets and underscoring its capital-intensive, asset-heavy operational model.
This heavy investment in proprietary cultivation infrastructure suggests that the company's value is tied directly to the physical performance of its facilities. If these assets fail to deliver the expected biological yields, the risk of future impairment charges may increase, potentially further eroding the company's already strained book value.
As disclosed in recent SEC filings, Local Bounti's cash and equivalents have plummeted to $4.2 million by 2025Q4, a level that appears critically low given the company's historical burn rate and the ongoing requirement to fund significant operating losses and debt service obligations.
The current ratio of 1.41 in 2025Q4, while seemingly adequate on the surface, masks the underlying reality of a company struggling to maintain sufficient liquidity to support its operations. This suggests that the firm may face an imminent liquidity crunch unless it secures additional capital or achieves a rapid improvement in cash flow.
Data from the balance sheet reveals that the company's negative equity position, which reached $178.0 million in 2026Q1, serves as a non-obvious indicator of the severe financial strain caused by years of aggressive expansion and the failure to reach unit-level profitability in its core operations.
The persistent growth of the accumulated deficit suggests that the company's accounting losses are not merely temporary startup costs but reflect a fundamental disconnect between revenue generation and the cost of maintaining its infrastructure. This trend warrants further investigation into the sustainability of the current capital allocation strategy.
Quick answers to the most common questions about buying LOCL stock.
As of 2025, Local Bounti Corporation (LOCL) had total assets of $410.5M including $22.0M in current assets.
Local Bounti Corporation (LOCL) carries total debt of $535.5M, offset by $4.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Local Bounti Corporation (LOCL) has total shareholders' equity (book value) of $-166.2M ($-7.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Local Bounti Corporation (LOCL) reported a current ratio of 1.41x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.