Local Bounti Corporation (LOCL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 13.34M | 12.46M | 12.2M | 12.1M | 11.61M | 10.07M | 10.24M | 9.44M | 8.38M | 6.87M | 6.81M | 7.18M | 6.7M | 6.64M | 6.29M | 6.27M | 282K | 314K | 159K | 108K |
| Revenue Growth % | 14.92% | 23.7% | 19.12% | 28.17% | 38.43% | 46.66% | 50.4% | 31.46% | 25.16% | 3.43% | 8.35% | 14.58% | 2275.18% | 2014.01% | 3852.83% | 5704.63% | 394.74% | 630.23% | - | - |
| Cost of Goods Sold | 11.8M | 10.94M | 10.79M | 10.63M | 10.14M | 9.53M | 8.83M | 8.09M | 7.6M | 6.19M | 6.41M | 6.33M | 6.42M | 5.72M | 5.01M | 6.28M | 234K | 151K | 155K | 81K |
| COGS % of Revenue | 88.5% | 87.79% | 88.48% | 87.84% | 87.41% | 94.64% | 86.2% | 85.69% | 90.62% | 90.1% | 94.05% | 88.14% | 95.83% | 86.23% | 79.79% | 100.19% | 82.98% | 48.09% | 97.48% | 75% |
| Gross Profit | 1.53M | 1.52M | 1.41M | 1.47M | 1.46M | 540K | 1.41M | 1.35M | 786K | 680K | 405K | 852K | 279K | 914K | 1.27M | -12K | 48K | 163K | 4K | 27K |
| Gross Margin % | 11.5% | 12.21% | 11.52% | 12.16% | 12.59% | 5.36% | 13.8% | 14.31% | 9.38% | 9.9% | 5.95% | 11.86% | 4.17% | 13.77% | 20.21% | -0.19% | 17.02% | 51.91% | 2.52% | 25% |
| Gross Profit Growth % | 5% | 181.67% | -0.5% | 8.96% | 85.88% | -20.59% | 248.89% | 58.57% | 181.72% | -25.6% | -68.11% | 7200% | 481.25% | 460.74% | 31650% | -144.44% | 300% | 507.5% | - | - |
| Operating Expenses | 15.47M | 14.74M | 19.63M | 16.92M | 17.2M | 17.31M | 19.44M | 15.21M | 11.09M | 59.93M | 19.41M | 20.23M | 19.56M | 23.07M | 23.26M | 26.21M | 24.21M | 26.82M | 5.69M | 3.69M |
| OpEx % of Revenue | 115.98% | 118.35% | 160.88% | 139.82% | 148.17% | 171.94% | 189.85% | 161.12% | 132.23% | 872.88% | 284.98% | 281.64% | 291.98% | 347.5% | 370.06% | 418.15% | 8584.04% | 8542.99% | 3576.73% | 3412.04% |
| Selling, General & Admin | 9.75M | 13.28M | 11.54M | 9.16M | 8.94M | 10.13M | 12.35M | 9.54M | 6.37M | 17.47M | 14.41M | 16.7M | 15.98M | 17.94M | 20.24M | 23.14M | 22.26M | 25.97M | 4.27M | 2.96M |
| SG&A % of Revenue | 73.13% | 106.61% | 94.55% | 75.68% | 77.01% | 100.59% | 120.56% | 101.04% | 75.99% | 254.41% | 211.54% | 232.55% | 238.59% | 270.28% | 322.02% | 369.13% | 7893.26% | 8271.66% | 2684.91% | 2742.59% |
| Research & Development | 5.71M | 5.44M | 6.68M | 6.49M | 6.98M | 7.18M | 7.1M | 4.52M | 3.49M | 3.98M | 5M | 3.53M | 3.58M | 5.13M | 3.02M | 3.07M | 1.95M | 852K | 1.42M | 723K |
| R&D % of Revenue | 42.85% | 43.64% | 54.73% | 53.58% | 60.12% | 71.35% | 69.28% | 47.86% | 41.6% | 58.01% | 73.44% | 49.09% | 53.39% | 77.22% | 48.03% | 49.02% | 690.78% | 271.34% | 891.82% | 669.44% |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -13.93M | -13.22M | -18.22M | -15.45M | -15.73M | -16.77M | -18.03M | -13.86M | -10.3M | -59.25M | -19M | -19.38M | -19.28M | -22.15M | -21.99M | -26.23M | -24.16M | -26.66M | -5.68M | -3.66M |
| Operating Margin % | -104.48% | -106.14% | -149.35% | -127.65% | -135.58% | -166.57% | -176.05% | -146.82% | -122.86% | -862.98% | -279.03% | -269.78% | -287.82% | -333.73% | -349.85% | -418.34% | -8567.02% | -8491.08% | -3574.21% | -3387.04% |
| Operating Income Growth % | 11.44% | 21.18% | -1.05% | -11.44% | -52.77% | 71.69% | 5.11% | 28.45% | 46.58% | -167.47% | 13.58% | 26.11% | 20.2% | 16.91% | -286.91% | -616.95% | -177.24% | -735.8% | - | - |
| EBITDA | -13.93M | -7.61M | -12.37M | -9.59M | -9.85M | -10.89M | -12.16M | -9.97M | -7.07M | -56.3M | -15.6M | -16.06M | -15.82M | -18.55M | -19.08M | -22.84M | -23.62M | -26.37M | -5.54M | -3.53M |
| EBITDA Margin % | -104.48% | -61.11% | -101.39% | -79.27% | -84.91% | -108.12% | -118.76% | -105.63% | -84.35% | -819.97% | -229.03% | -223.61% | -236.19% | -279.53% | -303.6% | -364.41% | -8375.18% | -8398.09% | -3484.91% | -3270.37% |
| EBITDA Growth % | -41.4% | 30.09% | -1.7% | 3.82% | -39.36% | 80.66% | 22.02% | 37.9% | 55.3% | -203.42% | 18.26% | 29.69% | 33.02% | 29.64% | -244.36% | -546.8% | -174.95% | -754.78% | - | - |
| D&A (Non-Cash Add-back) | 0 | 5.61M | 5.85M | 5.86M | 5.88M | 5.89M | 5.87M | 3.89M | 3.23M | 2.95M | 3.4M | 3.32M | 3.46M | 3.6M | 2.91M | 3.38M | 541K | 292K | 142K | 126K |
| EBIT | -13.93M | -4.53M | -21.87M | -16.98M | -18.84M | -17.75M | -16.02M | -12.77M | -14.44M | -57.69M | -17.15M | -4.2M | -19.23M | -22.06M | -21.95M | -26.2M | -24.13M | -27.89M | -7.75M | -6.32M |
| Net Interest Income | 4.03M | -4.17M | -4.56M | -4.6M | -18.84M | -18.5M | -18.31M | -12.5M | -9.61M | -7.87M | -7.11M | -6.47M | -4.3M | -4.47M | -5.15M | -5.46M | -1.64M | -381K | -3.08M | -1.27M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -4.03M | 4.17M | 4.56M | 4.6M | 18.84M | 18.5M | 18.31M | 12.5M | 9.61M | 7.87M | 7.11M | 6.47M | 4.3M | 4.47M | 5.15M | 5.46M | 1.64M | 381K | 3.08M | 1.27M |
| Other Income/Expense | 1.22M | 4.53M | -8.21M | -6.13M | -21.94M | -19.48M | -16.3M | -11.4M | -13.75M | -6.3M | -5.26M | 8.7M | -4.25M | -4.38M | -5.12M | -5.44M | -1.61M | -1.61M | -5.15M | -3.93M |
| Pretax Income | -12.72M | -8.7M | -26.43M | -21.58M | -37.67M | -36.26M | -34.33M | -25.27M | -24.05M | -65.55M | -24.26M | -10.68M | -23.53M | -26.53M | -27.1M | -31.66M | -25.77M | -28.27M | -10.83M | -7.59M |
| Pretax Margin % | -95.36% | -69.82% | -216.64% | -178.28% | -324.64% | -360.06% | -335.16% | -267.57% | -286.89% | -954.76% | -356.21% | -148.63% | -351.25% | -399.7% | -431.25% | -505.07% | -9139.01% | -9003.5% | -6813.84% | -7027.78% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -12.72M | -8.7M | -26.43M | -21.58M | -37.67M | -36.26M | -34.33M | -25.27M | -24.05M | -65.55M | -24.26M | -10.68M | -23.53M | -26.53M | -27.1M | -31.66M | -25.77M | -28.27M | -10.83M | -7.59M |
| Net Margin % | -95.36% | -69.82% | -216.64% | -178.28% | -324.64% | -360.06% | -335.16% | -267.57% | -286.89% | -954.76% | -356.21% | -148.63% | -351.25% | -399.7% | -431.25% | -505.07% | -9139.01% | -9003.5% | -6813.84% | -7027.78% |
| Net Income Growth % | 66.24% | 76.01% | 23.01% | 14.6% | -56.65% | 44.69% | -41.51% | -136.67% | -2.22% | -147.08% | 10.5% | 66.28% | 8.71% | 6.15% | -150.18% | -317.17% | -174.23% | -736.17% | - | - |
| Net Income (Continuing) | -12.72M | -8.7M | -26.43M | -21.58M | -37.67M | -36.26M | -34.33M | -25.27M | -24.05M | -65.55M | -24.26M | -10.68M | -23.53M | -26.53M | -27.1M | -31.66M | -25.77M | -28.27M | -10.83M | -7.59M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.53 | -0.38 | -1.18 | -1.95 | -4.32 | -4.28 | -4.01 | -3.00 | -2.89 | -8.10 | -3.02 | -1.35 | -3.04 | -3.85 | -3.95 | -4.65 | -4.14 | -5.73 | -2.87 | -2.01 |
| EPS Growth % | 87.73% | 91.12% | 70.57% | 35% | -49.48% | 47.16% | -32.78% | -122.22% | 4.93% | -110.39% | 23.54% | 70.97% | 26.57% | 32.81% | -37.63% | -131.34% | -66.27% | -289.8% | - | - |
| EPS (Basic) | -0.53 | -0.38 | -1.18 | -1.95 | -4.32 | -4.28 | -4.01 | -3.00 | -2.89 | -8.10 | -3.02 | -1.35 | -3.04 | -3.85 | -3.95 | -4.65 | -4.14 | -5.73 | -2.87 | -2.01 |
| Diluted Shares Outstanding | 24.13M | 22.81M | 22.48M | 11.05M | 8.81M | 8.48M | 8.57M | 8.41M | 8.33M | 8.09M | 8.02M | 7.93M | 7.73M | 6.88M | 6.87M | 6.82M | 6.23M | 4.94M | 3.78M | 3.78M |
| Basic Shares Outstanding | 24.13M | 22.81M | 22.48M | 11.05M | 8.81M | 8.48M | 8.56M | 8.41M | 8.33M | 8.09M | 8.02M | 7.93M | 7.73M | 6.88M | 6.87M | 6.82M | 6.23M | 4.94M | 3.78M | 3.78M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |