Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Local Bounti Corporation/DE files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
0.08
0.64
19.5
27.6
38.1
48.4
Cost of revenue
0.09
0.43
17.3
25.3
34
42.5
Gross profit
-0.01
0.21
2.22
2.22
4.09
5.86
Research and development
1.08
3.43
14.1
16.1
22.3
25.6
Selling, general and administrative
6.83
41.5
82.7
64.6
40.8
Selling and marketing
7.89
9.14
General and administrative
32.9
33.8
Operating expenses
7.91
44.9
96.7
119
63.1
68.5
Operating income
-7.92
-44.7
-94.5
-117
-59
-62.6
Other non-operating income
0
0.31
0.19
0.16
-2.82
3.77
Pre-tax income
-8.41
-56.1
Income tax
0
0
0
0
0
0
Net income
-8.41
-56.1
-111
-124
-120
-94.4
EBITDA
-7.64
-44
-84.1
-104
-40.1
-39.4
EPS, basic
-2.22
-13.83
-16.57
-15.61
-14.14
-5.61
EPS, diluted
-2.22
-13.83
-16.57
-15.61
-14.14
-5.61
Shares, basic (weighted)
3.81
4.05
6.7
7.94
8.48
16.9
Shares, diluted (weighted)
3.81
4.05
6.7
7.94
8.48
16.9
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.05
96.7
13.7
10.3
0.94
4.23
Receivables
0.01
0.11
2.69
3.08
2.28
2.2
Inventory
0.24
0.92
3.59
4.21
6.81
7.42
Other current assets
0.01
3.4
2.88
2.81
2.26
1.69
Total current assets
0.63
106
34.1
27
18.8
22
Property, plant and equipment
8.42
37.4
158
313
371
357
Lease right-of-use assets
0.06
0.14
0.17
0.07
0.05
Goodwill
0
38.5
0
Intangible assets
0
47.3
41.4
37.8
30.8
Other non-current assets
0.05
1.02
0.9
0.07
0.1
0
Total assets
9.1
144
279
382
428
410
Accounts payable
0.18
1.92
13.8
14.6
17
11.8
Accrued liabilities
1.29
16
9.43
17.2
18.1
3.65
Short-term debt
0
20.2
0
Total current liabilities
2.35
18
23.3
31.9
55.4
16.3
Long-term debt
0.1
11.2
120
278
417
483
Lease liabilities
0.01
0.19
0.11
0.06
0.03
Other non-current liabilities
0
0.01
Total liabilities
11.7
42.2
157
366
529
577
Total debt
0.15
11.2
120
278
437
483
Paid-in capital
9.58
170
301
319
323
351
Retained earnings
-12.1
-68.2
-179
-303
-423
-518
Shareholders' equity
-2.57
102
121
15.3
-101
-166
Total equity
-2.57
102
121
15.3
-101
-166
Total liabilities and equity
9.1
144
279
382
428
410
Shares outstanding
4.45
6.62
7.98
8.31
8.66
22.2
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-8.41
-56.1
-111
-124
-120
-94.4
Depreciation and amortization
0.29
0.68
10.4
13.1
18.9
23.2
Stock-based compensation
3.3
17.9
39.2
16.3
3.35
5.19
Deferred income tax
2.43
8.29
20.4
34.6
31.1
-32
Change in receivables
-0.01
0.19
-0.64
-0.39
0.9
0.06
Change in inventory
-0.24
-0.65
-0.09
-0.68
-3.1
-0.59
Change in payables
0.03
1.74
2.12
-0.07
6.64
1.54
Cash from operations
-3.84
-20.1
-48.8
-33.2
-27.1
-30.3
Capital expenditures
-3.42
-29.7
-56
-162
-82.5
-11.6
Acquisitions
0
-90.6
0
Cash from investing
-3.42
-29.7
-172
-162
-82.5
-11.6
Debt issued
0.45
26.8
125
153
100
10.5
Debt repaid
-2.88
-10.7
0
Stock issued
0
3.54
Cash from financing
5.17
151
145
187
100
45.2
Net change in cash
-2.09
101
-76.1
-8.04
-9.43
3.25
Free cash flow
-7.26
-49.8
-105
-195
-110
-41.9
Interest paid
0.05
2.98
10.7
4.04
5.55
4.04
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.04 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
10.6%
Gross profit / revenue.
Operating margin
-114.4%
Operating income / revenue.
EBITDA margin
-70.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-130.5%
Net income / revenue.
FCF margin
-54.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-49.2%
Cash from operations / revenue.
Return on assets (ROA)
-16.8%
Net income / average total assets.
Return on invested capital (ROIC)
-16.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
43.2%
Research and development expense / revenue.
Stock-based pay / revenue
8.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
5.5%
Capital expenditures / revenue.
D&A / revenue
43.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
26.8%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
35.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
258.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
43.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
38.3%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-4.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
13.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
114.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
99.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
36.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
34.7%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.07x
Current assets / current liabilities.
Quick ratio
0.30x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.17x
(Cash + short-term investments) / current liabilities.
Debt / assets
121.5%
Total debt / total assets.
Liabilities / assets
148.9%
Total liabilities / total assets.
Net debt
$485.7M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$2.33
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.78
Revenue / diluted weighted shares.
FCF per share
-$0.98
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.88
Cash from operations / diluted weighted shares.
Book value per share
-$8.49
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.47x
Market cap / revenue.
EV/Sales
9.84x
Enterprise value / revenue.
FCF yield
-116.6%
Free cash flow / market cap.
Earnings yield
-278.3%
Net income / market cap (the inverse of P/E).
What was Local Bounti Corporation/DE's revenue in fiscal 2025?
Local Bounti Corporation/DE reported revenue of $48.4M for fiscal 2025, 26.8% higher than the year before.
Was Local Bounti Corporation/DE profitable in fiscal 2025?
No. It reported a net loss of $94.4M.
How much free cash flow did Local Bounti Corporation/DE generate in fiscal 2025?
Cash from operations of $30.3M minus capital expenditures of $11.6M left free cash flow of -$41.9M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.