Local Bounti Corporation (LOCL) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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LOCL Revenue Growth
Revenue Breakdown (FY 2024)
LOCL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
LOCL Revenue Analysis (2019–2024)
As of May 8, 2026, Local Bounti Corporation (LOCL) generated trailing twelve-month (TTM) revenue of $46.0 million, reflecting strong growth of +19.1% year-over-year. The most recent quarter (Q3 2025) recorded $12.2 million in revenue, up 0.8% sequentially.
Looking at the longer-term picture, LOCL's historical revenue data shows a 3-year CAGR of +291.0%. The company achieved its highest annual revenue of $38.1 million in 2024, representing a new all-time high.
Revenue diversification analysis shows LOCL's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including AREC (-63.7% YoY), HYFM (-26.8% YoY), and FARM (-2.1% YoY), LOCL has outperformed the peer group in terms of revenue growth. Compare LOCL vs AREC →
LOCL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LOCLCurrent | $46M | +19.1% | - | -154.6% | |
 AREC | $383,234 | -63.7% | -56.5% | -8634.2% | |
 HYFM | $190M | -26.8% | -4.1% | -27.4% | |
 FARM | $342M | -2.1% | -7.3% | -0.4% | |
 AVO | $1.4B | +1.9% | +10.0% | 5.1% | |
 DE | $44.7B | +8.1% | +5.6% | 18.8% |
LOCL Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $38.1M | +38.4% | $4.1M | 10.7% | $-58,968,000 | -154.6% |
| 2023 | $27.6M | +41.5% | $2.2M | 8.0% | $-116,910,000 | -424.2% |
| 2022 | $19.5M | +2952.4% | $2.2M | 11.4% | $-94,526,000 | -485.4% |
| 2021 | $638K | +678.0% | $206K | 32.3% | $-44,717,000 | -7008.9% |
| 2020 | $82K | - | $-9,000 | -11.0% | $-7,922,000 | -9661.0% |
| 2019 | $0 | - | $0 | - | $-3,367,000 | - |
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Start ComparisonLOCL — Frequently Asked Questions
Quick answers to the most common questions about buying LOCL stock.
Is LOCL's revenue growth accelerating or slowing?
LOCL revenue is accelerating at +19.1% year-over-year, exceeding the 5-year CAGR of N/A. TTM revenue reached $46M. Growth momentum has increased versus prior periods.
What is LOCL's long-term revenue growth rate?
Local Bounti Corporation's 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +19.1% is above this long-term average.
How is LOCL's revenue distributed by segment?
LOCL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.