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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $9.1M, roughly 1.4× PURE CYCLE CORP). PURE CYCLE CORP runs the higher net margin — 50.0% vs -69.8%, a 119.8% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs 23.7%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs 21.9%).
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.
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
LOCL vs PCYO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $9.1M |
| Net Profit | $-8.7M | $4.6M |
| Gross Margin | 12.2% | 68.4% |
| Operating Margin | -106.1% | 48.0% |
| Net Margin | -69.8% | 50.0% |
| Revenue YoY | 23.7% | 58.8% |
| Net Profit YoY | 76.0% | 16.0% |
| EPS (diluted) | $1.52 | $0.19 |
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 | $9.1M | ||
| Q3 25 | $12.2M | $11.2M | ||
| Q2 25 | $12.1M | $5.1M | ||
| Q1 25 | $11.6M | $4.0M | ||
| Q4 24 | $10.1M | $5.8M | ||
| Q3 24 | $10.2M | $12.6M | ||
| Q2 24 | $9.4M | $7.6M | ||
| Q1 24 | $8.4M | $3.2M |
| Q4 25 | $-8.7M | $4.6M | ||
| Q3 25 | $-26.4M | $6.1M | ||
| Q2 25 | $-21.6M | $2.3M | ||
| Q1 25 | $-37.7M | $809.0K | ||
| Q4 24 | $-36.3M | $3.9M | ||
| Q3 24 | $-34.3M | $6.6M | ||
| Q2 24 | $-25.3M | $2.8M | ||
| Q1 24 | $-24.1M | $118.0K |
| Q4 25 | 12.2% | 68.4% | ||
| Q3 25 | 11.5% | 67.7% | ||
| Q2 25 | 12.2% | 63.4% | ||
| Q1 25 | 12.6% | 38.2% | ||
| Q4 24 | 5.4% | 63.8% | ||
| Q3 24 | 13.8% | 77.8% | ||
| Q2 24 | 14.3% | 64.0% | ||
| Q1 24 | 9.4% | 55.6% |
| Q4 25 | -106.1% | 48.0% | ||
| Q3 25 | -149.4% | 53.1% | ||
| Q2 25 | -127.7% | 26.0% | ||
| Q1 25 | -135.6% | -33.2% | ||
| Q4 24 | -166.6% | 29.9% | ||
| Q3 24 | -176.0% | 62.0% | ||
| Q2 24 | -146.8% | 40.3% | ||
| Q1 24 | -122.9% | -11.5% |
| Q4 25 | -69.8% | 50.0% | ||
| Q3 25 | -216.6% | 54.5% | ||
| Q2 25 | -178.3% | 43.9% | ||
| Q1 25 | -324.6% | 20.3% | ||
| Q4 24 | -360.1% | 68.4% | ||
| Q3 24 | -335.2% | 52.6% | ||
| Q2 24 | -267.6% | 37.2% | ||
| Q1 24 | -286.9% | 3.7% |
| Q4 25 | $1.52 | $0.19 | ||
| Q3 25 | $-1.18 | $0.26 | ||
| Q2 25 | $-1.63 | $0.09 | ||
| Q1 25 | $-4.32 | $0.03 | ||
| Q4 24 | $-4.24 | $0.16 | ||
| Q3 24 | $-4.01 | $0.27 | ||
| Q2 24 | $-3.00 | $0.12 | ||
| Q1 24 | $-2.89 | $0.00 |
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 | $17.1M |
| Total DebtLower is stronger | $483.1M | $8.0M |
| Stockholders' EquityBook value | $-166.2M | $147.5M |
| Total Assets | $410.5M | $168.1M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $17.1M | ||
| Q3 25 | $6.2M | $21.9M | ||
| Q2 25 | $5.3M | $14.4M | ||
| Q1 25 | $18.0M | $16.5M | ||
| Q4 24 | $937.0K | $19.0M | ||
| Q3 24 | $317.0K | $22.1M | ||
| Q2 24 | $9.7M | $20.5M | ||
| Q1 24 | $8.2M | $20.6M |
| Q4 25 | $483.1M | $8.0M | ||
| Q3 25 | $484.9M | $6.8M | ||
| Q2 25 | $478.3M | $6.9M | ||
| Q1 25 | $480.0M | $6.9M | ||
| Q4 24 | $436.8M | $6.9M | ||
| Q3 24 | $398.4M | $6.9M | ||
| Q2 24 | $374.0M | — | ||
| Q1 24 | $329.8M | — |
| Q4 25 | $-166.2M | $147.5M | ||
| Q3 25 | $-158.1M | $142.7M | ||
| Q2 25 | $-132.7M | $136.7M | ||
| Q1 25 | $-134.5M | $134.4M | ||
| Q4 24 | $-100.5M | $133.6M | ||
| Q3 24 | $-65.6M | $129.7M | ||
| Q2 24 | $-32.8M | $123.2M | ||
| Q1 24 | $-9.4M | $120.4M |
| Q4 25 | $410.5M | $168.1M | ||
| Q3 25 | $417.8M | $162.3M | ||
| Q2 25 | $426.8M | $151.7M | ||
| Q1 25 | $447.2M | $149.7M | ||
| Q4 24 | $428.0M | $149.7M | ||
| Q3 24 | $430.8M | $147.4M | ||
| Q2 24 | $438.1M | $140.4M | ||
| Q1 24 | $413.4M | $135.2M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-979.0K |
| Free Cash FlowOCF − Capex | $-3.6M | — |
| FCF MarginFCF / Revenue | -29.1% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | — | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-979.0K | ||
| Q3 25 | $-8.9M | $9.4M | ||
| Q2 25 | $-8.7M | $-503.0K | ||
| Q1 25 | $-9.6M | $-1.4M | ||
| Q4 24 | $1.2M | $5.7M | ||
| Q3 24 | $-17.2M | $3.1M | ||
| Q2 24 | $-4.0M | $892.0K | ||
| Q1 24 | $-7.1M | $-457.0K |
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.1M | — | ||
| Q2 25 | $-14.6M | — | ||
| Q1 25 | $-14.5M | — | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-30.0M | — | ||
| Q2 24 | $-28.8M | — | ||
| Q1 24 | $-42.1M | — |
| Q4 25 | -29.1% | — | ||
| Q3 25 | -82.8% | — | ||
| Q2 25 | -121.0% | — | ||
| Q1 25 | -125.1% | — | ||
| Q4 24 | -85.3% | — | ||
| Q3 24 | -293.1% | — | ||
| Q2 24 | -305.4% | — | ||
| Q1 24 | -501.8% | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 48.9% | — | ||
| Q1 25 | 42.8% | — | ||
| Q4 24 | 97.6% | — | ||
| Q3 24 | 125.0% | — | ||
| Q2 24 | 263.0% | — | ||
| Q1 24 | 417.3% | — |
| Q4 25 | — | -0.21× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | -0.22× | ||
| Q1 25 | — | -1.70× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -3.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCL
Segment breakdown not available.
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
