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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and SOLESENCE, INC. (SLSN). Click either name above to swap in a different company.

SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $12.5M, roughly 1.0× Local Bounti Corporation). SOLESENCE, INC. runs the higher net margin — 1.3% vs -69.8%, a 71.1% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -0.7%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 12.5%).

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 SLSN — Head-to-Head

Bigger by revenue
SLSN
SLSN
1.0× larger
SLSN
$12.5M
$12.5M
LOCL
Growing faster (revenue YoY)
LOCL
LOCL
+24.4% gap
LOCL
23.7%
-0.7%
SLSN
Higher net margin
SLSN
SLSN
71.1% more per $
SLSN
1.3%
-69.8%
LOCL
Faster 2-yr revenue CAGR
LOCL
LOCL
Annualised
LOCL
21.9%
12.5%
SLSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LOCL
LOCL
SLSN
SLSN
Revenue
$12.5M
$12.5M
Net Profit
$-8.7M
$163.0K
Gross Margin
12.2%
27.5%
Operating Margin
-106.1%
1.5%
Net Margin
-69.8%
1.3%
Revenue YoY
23.7%
-0.7%
Net Profit YoY
76.0%
129.2%
EPS (diluted)
$1.52
$0.00

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
SLSN
SLSN
Q4 25
$12.5M
$12.5M
Q3 25
$12.2M
$14.6M
Q2 25
$12.1M
$20.4M
Q1 25
$11.6M
$14.6M
Q4 24
$10.1M
$12.6M
Q3 24
$10.2M
$16.9M
Q2 24
$9.4M
$13.0M
Q1 24
$8.4M
$9.9M
Net Profit
LOCL
LOCL
SLSN
SLSN
Q4 25
$-8.7M
$163.0K
Q3 25
$-26.4M
$-1.1M
Q2 25
$-21.6M
$2.7M
Q1 25
$-37.7M
$80.0K
Q4 24
$-36.3M
$-559.0K
Q3 24
$-34.3M
$3.0M
Q2 24
$-25.3M
$856.0K
Q1 24
$-24.1M
$893.0K
Gross Margin
LOCL
LOCL
SLSN
SLSN
Q4 25
12.2%
27.5%
Q3 25
11.5%
23.1%
Q2 25
12.2%
28.9%
Q1 25
12.6%
23.1%
Q4 24
5.4%
22.0%
Q3 24
13.8%
36.2%
Q2 24
14.3%
28.7%
Q1 24
9.4%
36.3%
Operating Margin
LOCL
LOCL
SLSN
SLSN
Q4 25
-106.1%
1.5%
Q3 25
-149.4%
-5.4%
Q2 25
-127.7%
9.4%
Q1 25
-135.6%
1.8%
Q4 24
-166.6%
-1.8%
Q3 24
-176.0%
19.0%
Q2 24
-146.8%
8.0%
Q1 24
-122.9%
11.3%
Net Margin
LOCL
LOCL
SLSN
SLSN
Q4 25
-69.8%
1.3%
Q3 25
-216.6%
-7.7%
Q2 25
-178.3%
13.1%
Q1 25
-324.6%
0.5%
Q4 24
-360.1%
-4.4%
Q3 24
-335.2%
18.1%
Q2 24
-267.6%
6.6%
Q1 24
-286.9%
9.0%
EPS (diluted)
LOCL
LOCL
SLSN
SLSN
Q4 25
$1.52
$0.00
Q3 25
$-1.18
$-0.02
Q2 25
$-1.63
$0.04
Q1 25
$-4.32
$0.00
Q4 24
$-4.24
$0.00
Q3 24
$-4.01
$0.04
Q2 24
$-3.00
$0.01
Q1 24
$-2.89
$0.02

Balance Sheet & Financial Strength

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

Metric
LOCL
LOCL
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$4.2M
$1.3M
Total DebtLower is stronger
$483.1M
Stockholders' EquityBook value
$-166.2M
$17.6M
Total Assets
$410.5M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOCL
LOCL
SLSN
SLSN
Q4 25
$4.2M
$1.3M
Q3 25
$6.2M
$429.0K
Q2 25
$5.3M
$4.1M
Q1 25
$18.0M
$1.8M
Q4 24
$937.0K
$1.4M
Q3 24
$317.0K
$2.9M
Q2 24
$9.7M
$2.4M
Q1 24
$8.2M
$2.0M
Total Debt
LOCL
LOCL
SLSN
SLSN
Q4 25
$483.1M
Q3 25
$484.9M
Q2 25
$478.3M
Q1 25
$480.0M
Q4 24
$436.8M
Q3 24
$398.4M
Q2 24
$374.0M
Q1 24
$329.8M
Stockholders' Equity
LOCL
LOCL
SLSN
SLSN
Q4 25
$-166.2M
$17.6M
Q3 25
$-158.1M
$17.2M
Q2 25
$-132.7M
$18.2M
Q1 25
$-134.5M
$15.2M
Q4 24
$-100.5M
$14.9M
Q3 24
$-65.6M
$15.2M
Q2 24
$-32.8M
$11.9M
Q1 24
$-9.4M
$5.0M
Total Assets
LOCL
LOCL
SLSN
SLSN
Q4 25
$410.5M
$50.1M
Q3 25
$417.8M
$54.0M
Q2 25
$426.8M
$60.0M
Q1 25
$447.2M
$57.0M
Q4 24
$428.0M
$50.0M
Q3 24
$430.8M
$48.0M
Q2 24
$438.1M
$40.8M
Q1 24
$413.4M
$38.5M

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
SLSN
SLSN
Operating Cash FlowLast quarter
$-3.1M
$1.8M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-29.1%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters
$-42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOCL
LOCL
SLSN
SLSN
Q4 25
$-3.1M
$1.8M
Q3 25
$-8.9M
$-2.5M
Q2 25
$-8.7M
$-654.0K
Q1 25
$-9.6M
$-7.2M
Q4 24
$1.2M
$2.2M
Q3 24
$-17.2M
$4.2M
Q2 24
$-4.0M
$-565.0K
Q1 24
$-7.1M
$-3.9M
Free Cash Flow
LOCL
LOCL
SLSN
SLSN
Q4 25
$-3.6M
Q3 25
$-10.1M
Q2 25
$-14.6M
Q1 25
$-14.5M
Q4 24
$-8.6M
$-404.0K
Q3 24
$-30.0M
$2.8M
Q2 24
$-28.8M
$-1.0M
Q1 24
$-42.1M
$-3.9M
FCF Margin
LOCL
LOCL
SLSN
SLSN
Q4 25
-29.1%
Q3 25
-82.8%
Q2 25
-121.0%
Q1 25
-125.1%
Q4 24
-85.3%
-3.2%
Q3 24
-293.1%
16.6%
Q2 24
-305.4%
-8.0%
Q1 24
-501.8%
-39.9%
Capex Intensity
LOCL
LOCL
SLSN
SLSN
Q4 25
3.9%
Q3 25
9.7%
Q2 25
48.9%
Q1 25
42.8%
Q4 24
97.6%
20.6%
Q3 24
125.0%
8.3%
Q2 24
263.0%
3.7%
Q1 24
417.3%
0.9%
Cash Conversion
LOCL
LOCL
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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