LODE · Comstock Inc. - 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $313.5K | - | $54.1K | $339.5K | $426.0K | - | $556.4K | $35.3K | $426.0K | - |
| Cost of Revenue | $599.8K | - | $324.4K | $814.0K | $886.8K | - | - | - | - | - |
| Gross Profit | ($286.4K) | - | ($270.3K) | ($474.5K) | ($460.8K) | - | - | - | - | - |
| R&D | $2.10M | - | $2.23M | $2.12M | $3.30M | - | $1.44M | $2.55M | $892.0K | - |
| SG&A | $6.57M | - | $6.11M | $4.64M | $3.26M | - | $3.18M | $2.79M | $3.53M | - |
| Total Operating Expenses | $8.66M | - | $9.94M | $7.19M | $5.08M | - | $14.17M | $6.00M | $5.08M | - |
| D&A | $1.39M | - | $1.16M | $636.7K | $656.0K | - | $676.8K | $704.9K | $656.0K | - |
| Operating Income | ($8.94M) | - | ($10.22M) | ($7.67M) | ($7.04M) | - | ($13.61M) | ($5.56M) | ($4.65M) | - |
| Interest Expense | $148.0K | - | $336.1K | $774.1K | $818.7K | - | $697.0K | $782.4K | $818.7K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($9.38M) | - | ($12.89M) | ($7.83M) | ($9.09M) | - | ($14.97M) | ($8.63M) | ($6.92M) | - |
| EPS - Basic | ($0.14) | - | ($0.31) | ($0.27) | ($0.37) | - | ($0.80) | ($0.60) | ($0.60) | - |
| EPS - Diluted | - | - | - | - | - | - | ($0.80) | - | ($0.60) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52.97M | $16.95M | $31.71M | $18.59M | $3.91M | $954.3K | $1.36M | $114.3K | $467.0K | $3.79M |
| Accounts Receivable | $311.6K | $1.29M | $1.80M | $3.22M | $3.64M | $2.42M | - | - | $250.0K | $26.4K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $3.28M | $2.27M | $2.78M | $4.07M | $3.20M | $2.85M | $2.52M | $2.32M | $1.02M | $1.33M |
| Current Assets | $76.97M | $20.66M | $35.13M | $22.99M | $15.70M | $12.56M | $29.89M | $28.37M | $22.10M | $23.18M |
| Total Assets | $218.13M | $169.60M | $176.29M | $148.22M | $111.33M | $91.31M | $103.69M | $104.56M | $104.91M | $106.47M |
| Current Liabilities | $17.07M | $10.02M | $13.81M | $15.36M | $8.62M | $8.11M | $12.21M | $13.26M | $14.79M | $14.84M |
| Long-term Debt | - | $0 | $0 | $8.39M | $13.90M | $8.39M | $10.60M | $8.39M | $7.94M | $5.36M |
| Total Liabilities | $58.38M | $58.70M | $54.60M | $56.36M | $51.78M | $31.54M | $35.62M | $29.52M | $30.91M | $28.19M |
| Stockholders' Equity | $156.43M | $107.58M | $118.39M | $88.56M | $59.55M | $59.77M | $67.96M | $74.90M | $73.84M | $78.28M |
| Retained Earnings | ($388.11M) | ($378.73M) | ($365.46M) | ($352.57M) | ($344.74M) | ($335.65M) | ($312.83M) | ($297.86M) | ($289.23M) | ($282.33M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.82M) | - | - | - | ($4.96M) | - | - | - | ($3.83M) | - |
| Investing Cash Flow | ($14.53M) | - | - | - | ($1.82M) | - | - | - | ($2.62M) | - |
| Financing Cash Flow | $56.37M | - | - | - | $9.73M | - | - | - | $3.13M | - |
| CapEx | - | - | - | - | - | - | - | - | $355.9K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($4.19M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -91.4% | - | -499.9% | -139.7% | -108.2% | - | - | - | - | - |
| Operating margin | -2853.0% | - | -18889.3% | -2258.0% | -1652.5% | - | -2447.0% | -15748.6% | -1091.6% | - |
| EBITDA margin | -2409.1% | - | -16740.2% | -2070.5% | -1498.5% | - | -2325.4% | -13753.2% | -937.6% | - |
| Net margin | -2993.5% | - | -23832.4% | -2305.1% | -2135.0% | - | -2690.2% | -24440.3% | -1624.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -982.9% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.61 | - |
| R&D / Revenue | 668.8% | - | 4123.3% | 624.6% | 775.7% | - | 258.9% | 7214.3% | 209.4% | - |
| SG&A / Revenue | 2095.6% | - | 11298.3% | 1365.1% | 765.0% | - | 570.9% | 7906.1% | 828.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.3% | - | -7.3% | -5.3% | -8.2% | - | -14.4% | -8.3% | -6.6% | - |
| Return on equity | -6.0% | - | -10.9% | -8.8% | -15.3% | - | -22.0% | -11.5% | -9.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.51 | 2.06 | 2.54 | 1.50 | 1.82 | 1.55 | 2.45 | 2.14 | 1.49 | 1.56 |
| Quick ratio | 4.51 | 2.06 | 2.54 | 1.50 | 1.82 | 1.55 | 2.45 | 2.14 | 1.49 | 1.56 |
| Cash ratio | 3.10 | 1.69 | 2.30 | 1.21 | 0.45 | 0.12 | 0.11 | 0.01 | 0.03 | 0.26 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.00 | 0.00 | 0.09 | 0.23 | 0.14 | 0.16 | 0.11 | 0.11 | 0.07 |
| Debt / Assets | - | 0.00 | 0.00 | 0.06 | 0.12 | 0.09 | 0.10 | 0.08 | 0.08 | 0.05 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -60.4x | - | -30.4x | -9.9x | -8.6x | - | -19.5x | -7.1x | -5.7x | - |
| Equity multiplier | 1.39 | 1.58 | 1.49 | 1.67 | 1.87 | 1.53 | 1.53 | 1.40 | 1.42 | 1.36 |
| Liabilities / Assets | 0.27 | 0.35 | 0.31 | 0.38 | 0.47 | 0.35 | 0.34 | 0.28 | 0.29 | 0.26 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.01 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 363d | - | 12173d | 3463d | 3123d | - | - | - | 214d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 1998d | - | 3132d | 1824d | 1318d | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | 13.0x | - | 5.7x | - |
| P / S | - | - | - | - | - | - | 1587.0x | - | 990.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -26.4% | - | -90.3% | 861.2% | 0.0% | - | -26.9% | 0.0% | 1285.2% | - |
| Revenue CAGR (3y) | 116.8% | - | 10.7% | 85.8% | 98.3% | - | 15.3% | -13.5% | 106.3% | - |
| Revenue CAGR (5y) | 45.2% | - | 1.8% | 50.4% | 54.5% | - | 76.7% | -4.4% | 62.5% | - |
| Gross profit growth (YoY) | 37.9% | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -27.1% | - | 25.0% | -37.8% | -51.4% | - | - | 6.2% | 8.4% | - |
| Net income growth (YoY) | -3.2% | - | 13.9% | 9.3% | -31.4% | - | - | -56.8% | -21.8% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | -900.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 9.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 162.7% | 80.0% | 74.2% | 18.2% | -19.4% | -23.6% | 3.0% | 54.5% | 43.1% | 46.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.55M totalMetals Segment$1.40M · 90.1%
Mining Segment$136.0K · 8.8%
Corporate And Other$17.1K · 1.1%
Product / service
$1.54M totalDecommissioning Services$1.08M · 70.5%
Recycling$216.1K · 14.1%
Mining And Real Estate$136.0K · 8.9%
Offtake$101.8K · 6.6%
Peer comparison
Same SIC group: Industrial Organic Chemicals
Comparing Comstock Inc. against the 5 most active filers in the same SIC group.