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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $12.5M, roughly 1.3× Local Bounti Corporation). Local Bounti Corporation runs the higher net margin — -69.8% vs -176.6%, a 106.8% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -26.9%). Local Bounti Corporation produced more free cash flow last quarter ($-3.6M vs $-16.2M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
LOCL vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $15.8M |
| Net Profit | $-8.7M | $-28.0M |
| Gross Margin | 12.2% | 40.2% |
| Operating Margin | -106.1% | -164.1% |
| Net Margin | -69.8% | -176.6% |
| Revenue YoY | 23.7% | -26.9% |
| Net Profit YoY | 76.0% | 42.7% |
| EPS (diluted) | $1.52 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $12.2M | $12.7M | ||
| Q2 25 | $12.1M | $19.2M | ||
| Q1 25 | $11.6M | $23.9M | ||
| Q4 24 | $10.1M | $21.7M | ||
| Q3 24 | $10.2M | $28.6M | ||
| Q2 24 | $9.4M | $25.4M | ||
| Q1 24 | $8.4M | $34.8M |
| Q4 25 | $-8.7M | $-28.0M | ||
| Q3 25 | $-26.4M | $-19.7M | ||
| Q2 25 | $-21.6M | $119.6M | ||
| Q1 25 | $-37.7M | $-20.7M | ||
| Q4 24 | $-36.3M | $-48.8M | ||
| Q3 24 | $-34.3M | $-12.5M | ||
| Q2 24 | $-25.3M | $-16.6M | ||
| Q1 24 | $-24.1M | $-25.5M |
| Q4 25 | 12.2% | 40.2% | ||
| Q3 25 | 11.5% | 36.6% | ||
| Q2 25 | 12.2% | 48.9% | ||
| Q1 25 | 12.6% | 36.8% | ||
| Q4 24 | 5.4% | 32.4% | ||
| Q3 24 | 13.8% | 44.5% | ||
| Q2 24 | 14.3% | 43.0% | ||
| Q1 24 | 9.4% | 26.5% |
| Q4 25 | -106.1% | -164.1% | ||
| Q3 25 | -149.4% | -166.1% | ||
| Q2 25 | -127.7% | -122.7% | ||
| Q1 25 | -135.6% | -106.5% | ||
| Q4 24 | -166.6% | -144.1% | ||
| Q3 24 | -176.0% | -48.0% | ||
| Q2 24 | -146.8% | -48.6% | ||
| Q1 24 | -122.9% | -34.4% |
| Q4 25 | -69.8% | -176.6% | ||
| Q3 25 | -216.6% | -155.3% | ||
| Q2 25 | -178.3% | 623.4% | ||
| Q1 25 | -324.6% | -86.5% | ||
| Q4 24 | -360.1% | -225.2% | ||
| Q3 24 | -335.2% | -43.7% | ||
| Q2 24 | -267.6% | -65.2% | ||
| Q1 24 | -286.9% | -73.3% |
| Q4 25 | $1.52 | $-0.85 | ||
| Q3 25 | $-1.18 | $-0.61 | ||
| Q2 25 | $-1.63 | $3.72 | ||
| Q1 25 | $-4.32 | $-0.77 | ||
| Q4 24 | $-4.24 | $-1.93 | ||
| Q3 24 | $-4.01 | $-0.50 | ||
| Q2 24 | $-3.00 | $-0.68 | ||
| Q1 24 | $-2.89 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | $483.1M | — |
| Stockholders' EquityBook value | $-166.2M | $112.9M |
| Total Assets | $410.5M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $81.8M | ||
| Q3 25 | $6.2M | $96.8M | ||
| Q2 25 | $5.3M | $117.6M | ||
| Q1 25 | $18.0M | $35.9M | ||
| Q4 24 | $937.0K | $19.2M | ||
| Q3 24 | $317.0K | $36.6M | ||
| Q2 24 | $9.7M | $45.8M | ||
| Q1 24 | $8.2M | $63.7M |
| Q4 25 | $483.1M | — | ||
| Q3 25 | $484.9M | — | ||
| Q2 25 | $478.3M | — | ||
| Q1 25 | $480.0M | $103.7M | ||
| Q4 24 | $436.8M | $103.1M | ||
| Q3 24 | $398.4M | $4.9M | ||
| Q2 24 | $374.0M | $4.9M | ||
| Q1 24 | $329.8M | $123.1M |
| Q4 25 | $-166.2M | $112.9M | ||
| Q3 25 | $-158.1M | $133.1M | ||
| Q2 25 | $-132.7M | $149.2M | ||
| Q1 25 | $-134.5M | $3.7M | ||
| Q4 24 | $-100.5M | $-11.7M | ||
| Q3 24 | $-65.6M | $30.8M | ||
| Q2 24 | $-32.8M | $40.3M | ||
| Q1 24 | $-9.4M | $52.5M |
| Q4 25 | $410.5M | $211.0M | ||
| Q3 25 | $417.8M | $224.3M | ||
| Q2 25 | $426.8M | $239.5M | ||
| Q1 25 | $447.2M | $208.8M | ||
| Q4 24 | $428.0M | $193.6M | ||
| Q3 24 | $430.8M | $224.2M | ||
| Q2 24 | $438.1M | $230.8M | ||
| Q1 24 | $413.4M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $-3.6M | $-16.2M |
| FCF MarginFCF / Revenue | -29.1% | -102.1% |
| Capex IntensityCapex / Revenue | 3.9% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-4.3M | ||
| Q3 25 | $-8.9M | $-12.0M | ||
| Q2 25 | $-8.7M | $-35.1M | ||
| Q1 25 | $-9.6M | $-8.4M | ||
| Q4 24 | $1.2M | $-19.2M | ||
| Q3 24 | $-17.2M | $14.0M | ||
| Q2 24 | $-4.0M | $-4.4M | ||
| Q1 24 | $-7.1M | $-8.8M |
| Q4 25 | $-3.6M | $-16.2M | ||
| Q3 25 | $-10.1M | $-20.4M | ||
| Q2 25 | $-14.6M | $-38.7M | ||
| Q1 25 | $-14.5M | $-17.3M | ||
| Q4 24 | $-8.6M | $-24.3M | ||
| Q3 24 | $-30.0M | $5.1M | ||
| Q2 24 | $-28.8M | $-9.9M | ||
| Q1 24 | $-42.1M | $-15.9M |
| Q4 25 | -29.1% | -102.1% | ||
| Q3 25 | -82.8% | -161.3% | ||
| Q2 25 | -121.0% | -201.7% | ||
| Q1 25 | -125.1% | -72.6% | ||
| Q4 24 | -85.3% | -112.2% | ||
| Q3 24 | -293.1% | 17.8% | ||
| Q2 24 | -305.4% | -39.0% | ||
| Q1 24 | -501.8% | -45.7% |
| Q4 25 | 3.9% | 75.1% | ||
| Q3 25 | 9.7% | 66.2% | ||
| Q2 25 | 48.9% | 18.8% | ||
| Q1 25 | 42.8% | 37.3% | ||
| Q4 24 | 97.6% | 23.5% | ||
| Q3 24 | 125.0% | 31.2% | ||
| Q2 24 | 263.0% | 21.8% | ||
| Q1 24 | 417.3% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
