vs
Side-by-side financial comparison of Local Bounti Corporation (LOCL) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $12.5M, roughly 1.0× Local Bounti Corporation). NextPlat Corp runs the higher net margin — -40.2% vs -69.8%, a 29.6% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -21.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-3.6M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -14.4%).
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.
LOCL vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $12.8M |
| Net Profit | $-8.7M | $-5.1M |
| Gross Margin | 12.2% | 14.3% |
| Operating Margin | -106.1% | -28.9% |
| Net Margin | -69.8% | -40.2% |
| Revenue YoY | 23.7% | -21.1% |
| Net Profit YoY | 76.0% | -70.6% |
| EPS (diluted) | $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 | $12.5M | $12.8M | ||
| Q3 25 | $12.2M | $13.8M | ||
| Q2 25 | $12.1M | $13.2M | ||
| Q1 25 | $11.6M | $14.5M | ||
| Q4 24 | $10.1M | $16.2M | ||
| Q3 24 | $10.2M | $15.4M | ||
| Q2 24 | $9.4M | $17.0M | ||
| Q1 24 | $8.4M | $17.5M |
| Q4 25 | $-8.7M | $-5.1M | ||
| Q3 25 | $-26.4M | $-2.2M | ||
| Q2 25 | $-21.6M | $-1.8M | ||
| Q1 25 | $-37.7M | $-1.3M | ||
| Q4 24 | $-36.3M | $-3.0M | ||
| Q3 24 | $-34.3M | $-4.2M | ||
| Q2 24 | $-25.3M | $-5.3M | ||
| Q1 24 | $-24.1M | $-1.5M |
| Q4 25 | 12.2% | 14.3% | ||
| Q3 25 | 11.5% | 19.9% | ||
| Q2 25 | 12.2% | 21.8% | ||
| Q1 25 | 12.6% | 23.8% | ||
| Q4 24 | 5.4% | 16.8% | ||
| Q3 24 | 13.8% | 23.2% | ||
| Q2 24 | 14.3% | 34.5% | ||
| Q1 24 | 9.4% | 27.8% |
| Q4 25 | -106.1% | -28.9% | ||
| Q3 25 | -149.4% | -14.5% | ||
| Q2 25 | -127.7% | -13.8% | ||
| Q1 25 | -135.6% | -10.2% | ||
| Q4 24 | -166.6% | -14.1% | ||
| Q3 24 | -176.0% | -52.1% | ||
| Q2 24 | -146.8% | -64.1% | ||
| Q1 24 | -122.9% | -10.5% |
| Q4 25 | -69.8% | -40.2% | ||
| Q3 25 | -216.6% | -15.9% | ||
| Q2 25 | -178.3% | -13.5% | ||
| Q1 25 | -324.6% | -9.2% | ||
| Q4 24 | -360.1% | -18.6% | ||
| Q3 24 | -335.2% | -27.4% | ||
| Q2 24 | -267.6% | -31.3% | ||
| Q1 24 | -286.9% | -8.5% |
| Q4 25 | $1.52 | — | ||
| Q3 25 | $-1.18 | — | ||
| Q2 25 | $-1.63 | — | ||
| Q1 25 | $-4.32 | $-0.05 | ||
| Q4 24 | $-4.24 | — | ||
| Q3 24 | $-4.01 | $-0.22 | ||
| Q2 24 | $-3.00 | — | ||
| Q1 24 | $-2.89 | $-0.08 |
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 | $13.7M |
| Total DebtLower is stronger | $483.1M | $1.3M |
| Stockholders' EquityBook value | $-166.2M | $17.3M |
| Total Assets | $410.5M | $27.5M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $13.7M | ||
| Q3 25 | $6.2M | $13.9M | ||
| Q2 25 | $5.3M | $16.6M | ||
| Q1 25 | $18.0M | $17.7M | ||
| Q4 24 | $937.0K | $20.0M | ||
| Q3 24 | $317.0K | $20.4M | ||
| Q2 24 | $9.7M | $24.9M | ||
| Q1 24 | $8.2M | $23.5M |
| Q4 25 | $483.1M | $1.3M | ||
| Q3 25 | $484.9M | $1.2M | ||
| Q2 25 | $478.3M | $1.2M | ||
| Q1 25 | $480.0M | $1.3M | ||
| Q4 24 | $436.8M | $1.4M | ||
| Q3 24 | $398.4M | $1.5M | ||
| Q2 24 | $374.0M | $1.3M | ||
| Q1 24 | $329.8M | $1.4M |
| Q4 25 | $-166.2M | $17.3M | ||
| Q3 25 | $-158.1M | $21.4M | ||
| Q2 25 | $-132.7M | $23.5M | ||
| Q1 25 | $-134.5M | $25.3M | ||
| Q4 24 | $-100.5M | $27.3M | ||
| Q3 24 | $-65.6M | $22.5M | ||
| Q2 24 | $-32.8M | $26.5M | ||
| Q1 24 | $-9.4M | $31.2M |
| Q4 25 | $410.5M | $27.5M | ||
| Q3 25 | $417.8M | $30.0M | ||
| Q2 25 | $426.8M | $31.0M | ||
| Q1 25 | $447.2M | $35.2M | ||
| Q4 24 | $428.0M | $37.1M | ||
| Q3 24 | $430.8M | $41.1M | ||
| Q2 24 | $438.1M | $51.5M | ||
| Q1 24 | $413.4M | $65.1M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.04× |
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 | $-302.0K |
| Free Cash FlowOCF − Capex | $-3.6M | $-339.0K |
| FCF MarginFCF / Revenue | -29.1% | -2.6% |
| Capex IntensityCapex / Revenue | 3.9% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-302.0K | ||
| Q3 25 | $-8.9M | $-2.7M | ||
| Q2 25 | $-8.7M | $-1.0M | ||
| Q1 25 | $-9.6M | $-2.1M | ||
| Q4 24 | $1.2M | $-476.0K | ||
| Q3 24 | $-17.2M | $-4.6M | ||
| Q2 24 | $-4.0M | $2.3M | ||
| Q1 24 | $-7.1M | $-2.7M |
| Q4 25 | $-3.6M | $-339.0K | ||
| Q3 25 | $-10.1M | — | ||
| Q2 25 | $-14.6M | $-1.1M | ||
| Q1 25 | $-14.5M | $-2.1M | ||
| Q4 24 | $-8.6M | $-508.0K | ||
| Q3 24 | $-30.0M | $-4.7M | ||
| Q2 24 | $-28.8M | $2.2M | ||
| Q1 24 | $-42.1M | $-2.7M |
| Q4 25 | -29.1% | -2.6% | ||
| Q3 25 | -82.8% | — | ||
| Q2 25 | -121.0% | -8.0% | ||
| Q1 25 | -125.1% | -14.3% | ||
| Q4 24 | -85.3% | -3.1% | ||
| Q3 24 | -293.1% | -30.6% | ||
| Q2 24 | -305.4% | 13.2% | ||
| Q1 24 | -501.8% | -15.7% |
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 9.7% | 0.0% | ||
| Q2 25 | 48.9% | 0.1% | ||
| Q1 25 | 42.8% | 0.2% | ||
| Q4 24 | 97.6% | 0.2% | ||
| Q3 24 | 125.0% | 0.6% | ||
| Q2 24 | 263.0% | 0.4% | ||
| Q1 24 | 417.3% | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCL
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
