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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $10.6M, roughly 1.2× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs -69.8%, a 791.5% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs 10.4%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 1.0%).

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.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

LOCL vs RENT — Head-to-Head

Bigger by revenue
LOCL
LOCL
1.2× larger
LOCL
$12.5M
$10.6M
RENT
Growing faster (revenue YoY)
LOCL
LOCL
+13.3% gap
LOCL
23.7%
10.4%
RENT
Higher net margin
RENT
RENT
791.5% more per $
RENT
721.7%
-69.8%
LOCL
Faster 2-yr revenue CAGR
LOCL
LOCL
Annualised
LOCL
21.9%
1.0%
RENT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
LOCL
LOCL
RENT
RENT
Revenue
$12.5M
$10.6M
Net Profit
$-8.7M
$76.5M
Gross Margin
12.2%
-126.4%
Operating Margin
-106.1%
-152.8%
Net Margin
-69.8%
721.7%
Revenue YoY
23.7%
10.4%
Net Profit YoY
76.0%
504.8%
EPS (diluted)
$1.52
$13.65

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.

Revenue
LOCL
LOCL
RENT
RENT
Q4 25
$12.5M
$10.6M
Q3 25
$12.2M
$11.7M
Q2 25
$12.1M
$7.6M
Q1 25
$11.6M
$11.8M
Q4 24
$10.1M
$9.6M
Q3 24
$10.2M
$10.4M
Q2 24
$9.4M
$8.9M
Q1 24
$8.4M
$10.4M
Net Profit
LOCL
LOCL
RENT
RENT
Q4 25
$-8.7M
$76.5M
Q3 25
$-26.4M
$-26.4M
Q2 25
$-21.6M
$-26.1M
Q1 25
$-37.7M
$-13.4M
Q4 24
$-36.3M
$-18.9M
Q3 24
$-34.3M
$-15.6M
Q2 24
$-25.3M
$-22.0M
Q1 24
$-24.1M
$-24.8M
Gross Margin
LOCL
LOCL
RENT
RENT
Q4 25
12.2%
-126.4%
Q3 25
11.5%
-92.3%
Q2 25
12.2%
-168.4%
Q1 25
12.6%
-71.2%
Q4 24
5.4%
-122.9%
Q3 24
13.8%
-98.1%
Q2 24
14.3%
-131.5%
Q1 24
9.4%
-93.3%
Operating Margin
LOCL
LOCL
RENT
RENT
Q4 25
-106.1%
-152.8%
Q3 25
-149.4%
-171.8%
Q2 25
-127.7%
-259.2%
Q1 25
-135.6%
-65.3%
Q4 24
-166.6%
-142.7%
Q3 24
-176.0%
-92.3%
Q2 24
-146.8%
-185.4%
Q1 24
-122.9%
-185.6%
Net Margin
LOCL
LOCL
RENT
RENT
Q4 25
-69.8%
721.7%
Q3 25
-216.6%
-225.6%
Q2 25
-178.3%
-343.4%
Q1 25
-324.6%
-113.6%
Q4 24
-360.1%
-196.9%
Q3 24
-335.2%
-150.0%
Q2 24
-267.6%
-247.2%
Q1 24
-286.9%
-238.5%
EPS (diluted)
LOCL
LOCL
RENT
RENT
Q4 25
$1.52
$13.65
Q3 25
$-1.18
$-6.55
Q2 25
$-1.63
$-6.58
Q1 25
$-4.32
$-2.72
Q4 24
$-4.24
$-4.70
Q3 24
$-4.01
$-4.17
Q2 24
$-3.00
$-6.03
Q1 24
$-2.89
$-5.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LOCL
LOCL
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$4.2M
$50.7M
Total DebtLower is stronger
$483.1M
Stockholders' EquityBook value
$-166.2M
$-35.1M
Total Assets
$410.5M
$231.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOCL
LOCL
RENT
RENT
Q4 25
$4.2M
$50.7M
Q3 25
$6.2M
$43.6M
Q2 25
$5.3M
$70.4M
Q1 25
$18.0M
$77.4M
Q4 24
$937.0K
$74.1M
Q3 24
$317.0K
$76.6M
Q2 24
$9.7M
$82.0M
Q1 24
$8.2M
$84.0M
Total Debt
LOCL
LOCL
RENT
RENT
Q4 25
$483.1M
Q3 25
$484.9M
Q2 25
$478.3M
$340.6M
Q1 25
$480.0M
$333.7M
Q4 24
$436.8M
Q3 24
$398.4M
Q2 24
$374.0M
Q1 24
$329.8M
Stockholders' Equity
LOCL
LOCL
RENT
RENT
Q4 25
$-166.2M
$-35.1M
Q3 25
$-158.1M
$-232.1M
Q2 25
$-132.7M
$-207.1M
Q1 25
$-134.5M
$-182.5M
Q4 24
$-100.5M
$-171.2M
Q3 24
$-65.6M
$-154.5M
Q2 24
$-32.8M
$-141.3M
Q1 24
$-9.4M
$-122.3M
Total Assets
LOCL
LOCL
RENT
RENT
Q4 25
$410.5M
$231.0M
Q3 25
$417.8M
$219.0M
Q2 25
$426.8M
$245.3M
Q1 25
$447.2M
$240.0M
Q4 24
$428.0M
$251.6M
Q3 24
$430.8M
$257.4M
Q2 24
$438.1M
$278.4M
Q1 24
$413.4M
$278.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LOCL
LOCL
RENT
RENT
Operating Cash FlowLast quarter
$-3.1M
$-1.4M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-29.1%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$-42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOCL
LOCL
RENT
RENT
Q4 25
$-3.1M
$-1.4M
Q3 25
$-8.9M
$-10.5M
Q2 25
$-8.7M
$8.3M
Q1 25
$-9.6M
$1.4M
Q4 24
$1.2M
$4.7M
Q3 24
$-17.2M
$2.2M
Q2 24
$-4.0M
$4.6M
Q1 24
$-7.1M
$-8.0M
Free Cash Flow
LOCL
LOCL
RENT
RENT
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
FCF Margin
LOCL
LOCL
RENT
RENT
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%
Capex Intensity
LOCL
LOCL
RENT
RENT
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%
Cash Conversion
LOCL
LOCL
RENT
RENT
Q4 25
-0.02×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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