LOCL · Local Bounti Corporation/De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $48.37M | $38.14M | $27.56M | $19.47M | $82.0K |
| Cost of Revenue | $42.51M | $34.05M | $25.34M | $17.26M | $91.0K |
| Gross Profit | $5.86M | $4.09M | $2.22M | $2.21M | ($9.0K) |
| R&D | $25.57M | $22.29M | $16.09M | $14.06M | $1.08M |
| SG&A | $32.88M | $40.77M | $64.56M | $82.68M | $6.83M |
| Total Operating Expenses | $68.49M | $63.06M | $119.13M | $96.74M | $7.91M |
| D&A | $23.20M | $18.87M | $13.13M | $684.0K | $287.0K |
| Operating Income | ($62.63M) | ($58.97M) | ($116.91M) | ($94.53M) | ($7.92M) |
| Interest Expense | - | - | - | - | - |
| Income Tax | $0 | $0 | $0 | $0 | $0 |
| Net Income | ($94.38M) | ($119.90M) | ($124.02M) | ($111.07M) | ($8.41M) |
| EPS - Basic | ($5.61) | ($14.14) | ($15.61) | ($16.51) | ($2.21) |
| EPS - Diluted | ($5.61) | ($14.14) | ($15.61) | ($16.51) | ($2.21) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.23M | $937.0K | $10.33M | $13.67M | $45.0K |
| Accounts Receivable | $2.20M | $2.28M | $3.08M | $2.69M | $11.0K |
| Inventory | $7.42M | $6.81M | $4.21M | $3.59M | $243.0K |
| Accounts Payable | $11.78M | $16.99M | $14.64M | $13.76M | $176.0K |
| Current Assets | $22.03M | $18.82M | $26.99M | $34.10M | $628.0K |
| Total Assets | $410.49M | $428.04M | $381.75M | $278.74M | $9.10M |
| Current Liabilities | $16.31M | $55.44M | $31.94M | $23.27M | $2.35M |
| Long-term Debt | $483.12M | $416.58M | $277.99M | $119.81M | $104.0K |
| Total Liabilities | $576.73M | $528.53M | $366.48M | $157.41M | $11.67M |
| Stockholders' Equity | ($166.24M) | ($100.50M) | $15.27M | $121.33M | $2.55M |
| Retained Earnings | ($517.61M) | ($423.23M) | ($303.33M) | ($179.31M) | ($12.15M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($30.34M) | ($27.06M) | ($33.16M) | ($48.81M) | ($3.84M) |
| Investing Cash Flow | ($11.59M) | ($82.45M) | ($162.26M) | ($172.38M) | ($3.42M) |
| Financing Cash Flow | $45.18M | $100.09M | $187.38M | $145.05M | $5.17M |
| CapEx | $11.59M | $82.45M | $162.26M | $56.02M | $3.42M |
| Free Cash Flow | ($41.92M) | ($109.52M) | ($195.42M) | ($104.83M) | ($7.26M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 12.1% | 10.7% | 8.0% | 11.4% | -11.0% |
| Operating margin | -129.5% | -154.6% | -424.2% | -485.4% | -9661.0% |
| EBITDA margin | -81.5% | -105.1% | -376.6% | -481.9% | -9311.0% |
| Net margin | -195.1% | -314.4% | -450.0% | -570.4% | -10254.9% |
| Free cash flow margin | -86.7% | -287.2% | -709.2% | -538.3% | -8853.7% |
| FCF / Net income | 0.44 | 0.91 | 1.58 | 0.94 | 0.86 |
| R&D / Revenue | 52.9% | 58.4% | 58.4% | 72.2% | 1315.9% |
| SG&A / Revenue | 68.0% | 106.9% | 234.3% | 424.6% | 8334.1% |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -23.0% | -28.0% | -32.5% | -39.8% | -92.4% |
| Return on equity | 56.8% | 119.3% | -812.0% | -91.5% | -329.2% |
| Return on invested capital | -15.6% | -14.7% | -31.5% | -31.0% | -235.5% |
| Liquidity | |||||
| Current ratio | 1.35 | 0.34 | 0.84 | 1.47 | 0.27 |
| Quick ratio | 0.90 | 0.22 | 0.71 | 1.31 | 0.16 |
| Cash ratio | 0.26 | 0.02 | 0.32 | 0.59 | 0.02 |
| Leverage | |||||
| Debt / Equity | -2.91 | -4.15 | 18.20 | 0.99 | 0.04 |
| Debt / Assets | 1.18 | 0.97 | 0.73 | 0.43 | 0.01 |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | -2.47 | -4.26 | 25.00 | 2.30 | 3.56 |
| Liabilities / Assets | 1.40 | 1.23 | 0.96 | 0.56 | 1.28 |
| Efficiency | |||||
| Asset turnover | 0.12 | 0.09 | 0.07 | 0.07 | 0.01 |
| Inventory turnover | 5.73 | 5.00 | 6.02 | 4.80 | 0.37 |
| Days sales outstanding | 17d | 22d | 41d | 50d | 49d |
| Days inventory outstanding | 64d | 73d | 61d | 76d | 975d |
| Days payable outstanding | 101d | 182d | 211d | 291d | 706d |
| Cash conversion cycle | -21d | -87d | -109d | -164d | 318d |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | 1.1x | 13.0x | - |
| P / S | 0.7x | 0.5x | 0.6x | 80.8x | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 26.8% | 38.4% | 41.5% | 23648.8% | - |
| Revenue CAGR (3y) | 35.4% | 674.8% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 43.3% | 84.6% | 0.0% | - | - |
| Operating income growth (YoY) | -6.2% | 49.6% | -23.7% | -1093.2% | - |
| Net income growth (YoY) | 21.3% | 3.3% | -11.7% | -1220.9% | - |
| EPS growth (YoY) | 60.3% | 9.4% | 5.5% | -647.1% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 61.7% | 44.0% | -86.4% | -1343.9% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -65.4% | - | -87.4% | 4650.7% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$48.37M totalReportable Segment$48.37M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-1.54
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Agricultural Production-Crops
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| FDP | $4.32B | 2.1% | 4.5% |
| CTVA | $17.40B | 6.3% | 4.5% |
| VRNO | $821.50M | -31.4% | -36.6% |
| CBSTF | - | - | - |
| GTII/GTBIF | $1.18B | 9.7% | 6.0% |
Comparing Local Bounti Corporation/DE against the 5 most active filers in the same SIC group.