Local Bounti CorporationLOCLEarnings & Financial Report
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
Revenue
$10.2M
Gross Profit
$1.4M
Operating Profit
$-18.0M
Net Profit
$-34.3M
Gross Margin
13.8%
Operating Margin
-176.0%
Net Margin
-335.2%
YoY Growth
50.4%
EPS
$-4.01
Financial Flow
Local Bounti Corporation Q3 2024 Financial Summary
Local Bounti Corporation reported revenue of $10.2M (up 50.4% YoY) for Q3 2024, with a net profit of $-34.3M (down 41.5% YoY) (-335.2% margin). Cost of goods sold was $8.8M, operating expenses totaled $19.4M.
Key Financial Metrics
| Total Revenue | $10.2M |
|---|---|
| Net Profit | $-34.3M |
| Gross Margin | 13.8% |
| Operating Margin | -176.0% |
| Report Period | Q3 2024 |
Local Bounti Corporation Annual Revenue by Year
Local Bounti Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $48.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $48.4M |
| 2024 | $38.1M |
| 2023 | $27.6M |
| 2022 | $19.5M |
Local Bounti Corporation Quarterly Revenue & Net Profit History
Local Bounti Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $12.5M | +23.7% | $-8.7M | -69.8% |
| Q3 2025 | $12.2M | +19.1% | $-26.4M | -216.6% |
| Q2 2025 | $12.1M | +28.2% | $-21.6M | -178.3% |
| Q1 2025 | $11.6M | +38.4% | $-37.7M | -324.6% |
| Q4 2024 | $10.1M | +46.7% | $-36.3M | -360.1% |
| Q3 2024 | $10.2M | +50.4% | $-34.3M | -335.2% |
| Q2 2024 | $9.4M | +31.5% | $-25.3M | -267.6% |
| Q1 2024 | $8.4M | +25.2% | $-24.1M | -286.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4M | $9.4M | $10.2M | $10.1M | $11.6M | $12.1M | $12.2M | $12.5M |
| YoY Growth | 25.2% | 31.5% | 50.4% | 46.7% | 38.4% | 28.2% | 19.1% | 23.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $413.4M | $438.1M | $430.8M | $428.0M | $447.2M | $426.8M | $417.8M | $410.5M |
| Liabilities | $422.9M | $470.9M | $496.4M | $528.5M | $560.2M | $559.5M | $575.9M | $576.7M |
| Equity | $-9.4M | $-32.8M | $-65.6M | $-100.5M | $-134.5M | $-132.7M | $-158.1M | $-166.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-7.1M | $-4.0M | $-17.2M | $1.2M | $-9.6M | $-8.7M | $-8.9M | $-3.1M |