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Side-by-side financial comparison of LENDWAY, INC. (LDWY) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $6.7M, roughly 1.8× LENDWAY, INC.). LENDWAY, INC. runs the higher net margin — -33.8% vs -69.8%, a 36.0% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -59.8%).
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.
LDWY vs LOCL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $6.7M | $12.5M |
| Net Profit | $-2.3M | $-8.7M |
| Gross Margin | 7.2% | 12.2% |
| Operating Margin | -34.0% | -106.1% |
| Net Margin | -33.8% | -69.8% |
| Revenue YoY | -59.8% | 23.7% |
| Net Profit YoY | -326.2% | 76.0% |
| EPS (diluted) | $-1.29 | $1.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $6.7M | $12.5M | ||
| Q3 25 | $5.2M | $12.2M | ||
| Q2 25 | — | $12.1M | ||
| Q1 25 | $12.4M | $11.6M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | $6.6M | $10.2M | ||
| Q2 24 | $16.8M | $9.4M | ||
| Q1 24 | $8.0M | $8.4M |
| Q4 25 | $-2.3M | $-8.7M | ||
| Q3 25 | $-2.9M | $-26.4M | ||
| Q2 25 | — | $-21.6M | ||
| Q1 25 | $449.0K | $-37.7M | ||
| Q4 24 | — | $-36.3M | ||
| Q3 24 | $-1.1M | $-34.3M | ||
| Q2 24 | $-534.0K | $-25.3M | ||
| Q1 24 | $-1.2M | $-24.1M |
| Q4 25 | 7.2% | 12.2% | ||
| Q3 25 | -1.2% | 11.5% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | 31.3% | 12.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 21.7% | 13.8% | ||
| Q2 24 | 23.7% | 14.3% | ||
| Q1 24 | 21.7% | 9.4% |
| Q4 25 | -34.0% | -106.1% | ||
| Q3 25 | -59.1% | -149.4% | ||
| Q2 25 | — | -127.7% | ||
| Q1 25 | 11.5% | -135.6% | ||
| Q4 24 | — | -166.6% | ||
| Q3 24 | -20.4% | -176.0% | ||
| Q2 24 | -0.7% | -146.8% | ||
| Q1 24 | -20.5% | -122.9% |
| Q4 25 | -33.8% | -69.8% | ||
| Q3 25 | -55.4% | -216.6% | ||
| Q2 25 | — | -178.3% | ||
| Q1 25 | 3.6% | -324.6% | ||
| Q4 24 | — | -360.1% | ||
| Q3 24 | -17.0% | -335.2% | ||
| Q2 24 | -3.2% | -267.6% | ||
| Q1 24 | -14.5% | -286.9% |
| Q4 25 | $-1.29 | $1.52 | ||
| Q3 25 | $-1.61 | $-1.18 | ||
| Q2 25 | — | $-1.63 | ||
| Q1 25 | $0.25 | $-4.32 | ||
| Q4 24 | — | $-4.24 | ||
| Q3 24 | $-0.64 | $-4.01 | ||
| Q2 24 | $-0.42 | $-3.00 | ||
| Q1 24 | $-0.67 | $-2.89 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2M |
| Total DebtLower is stronger | $40.4M | $483.1M |
| Stockholders' EquityBook value | $7.1M | $-166.2M |
| Total Assets | $105.6M | $410.5M |
| Debt / EquityLower = less leverage | 5.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.2M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $18.0M | ||
| Q4 24 | — | $937.0K | ||
| Q3 24 | — | $317.0K | ||
| Q2 24 | — | $9.7M | ||
| Q1 24 | — | $8.2M |
| Q4 25 | $40.4M | $483.1M | ||
| Q3 25 | $39.0M | $484.9M | ||
| Q2 25 | — | $478.3M | ||
| Q1 25 | $37.1M | $480.0M | ||
| Q4 24 | — | $436.8M | ||
| Q3 24 | $34.6M | $398.4M | ||
| Q2 24 | $29.6M | $374.0M | ||
| Q1 24 | $34.6M | $329.8M |
| Q4 25 | $7.1M | $-166.2M | ||
| Q3 25 | $9.3M | $-158.1M | ||
| Q2 25 | — | $-132.7M | ||
| Q1 25 | $10.3M | $-134.5M | ||
| Q4 24 | — | $-100.5M | ||
| Q3 24 | $12.8M | $-65.6M | ||
| Q2 24 | $13.8M | $-32.8M | ||
| Q1 24 | $14.5M | $-9.4M |
| Q4 25 | $105.6M | $410.5M | ||
| Q3 25 | $105.0M | $417.8M | ||
| Q2 25 | — | $426.8M | ||
| Q1 25 | $100.5M | $447.2M | ||
| Q4 24 | — | $428.0M | ||
| Q3 24 | $102.5M | $430.8M | ||
| Q2 24 | $95.9M | $438.1M | ||
| Q1 24 | $106.8M | $413.4M |
| Q4 25 | 5.68× | — | ||
| Q3 25 | 4.19× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.70× | — | ||
| Q2 24 | 2.15× | — | ||
| Q1 24 | 2.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-3.1M |
| Free Cash FlowOCF − Capex | — | $-3.6M |
| FCF MarginFCF / Revenue | — | -29.1% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.1M | ||
| Q3 25 | $-9.9M | $-8.9M | ||
| Q2 25 | — | $-8.7M | ||
| Q1 25 | $1.7M | $-9.6M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | $-7.6M | $-17.2M | ||
| Q2 24 | $3.5M | $-4.0M | ||
| Q1 24 | $1.5M | $-7.1M |
| Q4 25 | — | $-3.6M | ||
| Q3 25 | $-10.0M | $-10.1M | ||
| Q2 25 | — | $-14.6M | ||
| Q1 25 | $1.7M | $-14.5M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-7.6M | $-30.0M | ||
| Q2 24 | $3.2M | $-28.8M | ||
| Q1 24 | $1.2M | $-42.1M |
| Q4 25 | — | -29.1% | ||
| Q3 25 | -193.5% | -82.8% | ||
| Q2 25 | — | -121.0% | ||
| Q1 25 | 13.4% | -125.1% | ||
| Q4 24 | — | -85.3% | ||
| Q3 24 | -114.7% | -293.1% | ||
| Q2 24 | 19.3% | -305.4% | ||
| Q1 24 | 15.4% | -501.8% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | 0.9% | 9.7% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | 0.5% | 42.8% | ||
| Q4 24 | — | 97.6% | ||
| Q3 24 | 0.7% | 125.0% | ||
| Q2 24 | 1.6% | 263.0% | ||
| Q1 24 | 2.9% | 417.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDWY
| Supermarket Customers | $5.7M | 85% |
| Wholesaler Customers | $1.0M | 15% |
LOCL
Segment breakdown not available.
