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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $8.7M, roughly 1.4× SWK Holdings Corp). On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-3.6M). 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.
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
LOCL vs SWKH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $8.7M |
| Net Profit | $-8.7M | $-19.4M |
| Gross Margin | 12.2% | — |
| Operating Margin | -106.1% | 9.9% |
| Net Margin | -69.8% | — |
| Revenue YoY | 23.7% | -29.7% |
| Net Profit YoY | 76.0% | -430.2% |
| EPS (diluted) | $1.52 | $-1.59 |
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 | $8.7M | ||
| Q3 25 | $12.2M | $10.9M | ||
| Q2 25 | $12.1M | $10.1M | ||
| Q1 25 | $11.6M | $11.8M | ||
| Q4 24 | $10.1M | $12.4M | ||
| Q3 24 | $10.2M | $10.4M | ||
| Q2 24 | $9.4M | $10.8M | ||
| Q1 24 | $8.4M | $11.4M |
| Q4 25 | $-8.7M | $-19.4M | ||
| Q3 25 | $-26.4M | $8.8M | ||
| Q2 25 | $-21.6M | $3.5M | ||
| Q1 25 | $-37.7M | $4.5M | ||
| Q4 24 | $-36.3M | $5.9M | ||
| Q3 24 | $-34.3M | $3.5M | ||
| Q2 24 | $-25.3M | $3.7M | ||
| Q1 24 | $-24.1M | $468.0K |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 12.6% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 14.3% | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | -106.1% | 9.9% | ||
| Q3 25 | -149.4% | 61.3% | ||
| Q2 25 | -127.7% | 46.1% | ||
| Q1 25 | -135.6% | 68.6% | ||
| Q4 24 | -166.6% | 44.7% | ||
| Q3 24 | -176.0% | 39.2% | ||
| Q2 24 | -146.8% | 8.3% | ||
| Q1 24 | -122.9% | 9.5% |
| Q4 25 | -69.8% | — | ||
| Q3 25 | -216.6% | 80.7% | ||
| Q2 25 | -178.3% | 35.2% | ||
| Q1 25 | -324.6% | 38.4% | ||
| Q4 24 | -360.1% | 47.5% | ||
| Q3 24 | -335.2% | 33.3% | ||
| Q2 24 | -267.6% | 33.9% | ||
| Q1 24 | -286.9% | 4.1% |
| Q4 25 | $1.52 | $-1.59 | ||
| Q3 25 | $-1.18 | $0.72 | ||
| Q2 25 | $-1.63 | $0.29 | ||
| Q1 25 | $-4.32 | $0.37 | ||
| Q4 24 | $-4.24 | $0.47 | ||
| Q3 24 | $-4.01 | $0.28 | ||
| Q2 24 | $-3.00 | $0.30 | ||
| Q1 24 | $-2.89 | $0.04 |
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 | $42.8M |
| Total DebtLower is stronger | $483.1M | $33.0M |
| Stockholders' EquityBook value | $-166.2M | $235.1M |
| Total Assets | $410.5M | $272.4M |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $42.8M | ||
| Q3 25 | $6.2M | $10.2M | ||
| Q2 25 | $5.3M | $8.0M | ||
| Q1 25 | $18.0M | $29.8M | ||
| Q4 24 | $937.0K | $5.9M | ||
| Q3 24 | $317.0K | $17.2M | ||
| Q2 24 | $9.7M | $5.5M | ||
| Q1 24 | $8.2M | $5.5M |
| Q4 25 | $483.1M | $33.0M | ||
| Q3 25 | $484.9M | $33.0M | ||
| Q2 25 | $478.3M | $33.0M | ||
| Q1 25 | $480.0M | $33.0M | ||
| Q4 24 | $436.8M | $33.0M | ||
| Q3 24 | $398.4M | $33.0M | ||
| Q2 24 | $374.0M | $33.0M | ||
| Q1 24 | $329.8M | $33.0M |
| Q4 25 | $-166.2M | $235.1M | ||
| Q3 25 | $-158.1M | $254.2M | ||
| Q2 25 | $-132.7M | $246.5M | ||
| Q1 25 | $-134.5M | $292.7M | ||
| Q4 24 | $-100.5M | $288.7M | ||
| Q3 24 | $-65.6M | $283.4M | ||
| Q2 24 | $-32.8M | $282.8M | ||
| Q1 24 | $-9.4M | $279.9M |
| Q4 25 | $410.5M | $272.4M | ||
| Q3 25 | $417.8M | $289.4M | ||
| Q2 25 | $426.8M | $285.7M | ||
| Q1 25 | $447.2M | $331.3M | ||
| Q4 24 | $428.0M | $332.2M | ||
| Q3 24 | $430.8M | $321.3M | ||
| Q2 24 | $438.1M | $321.0M | ||
| Q1 24 | $413.4M | $322.0M |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $-3.6M | $26.8M |
| FCF MarginFCF / Revenue | -29.1% | 308.1% |
| Capex IntensityCapex / Revenue | 3.9% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | $43.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $27.3M | ||
| Q3 25 | $-8.9M | $906.0K | ||
| Q2 25 | $-8.7M | $7.8M | ||
| Q1 25 | $-9.6M | $8.3M | ||
| Q4 24 | $1.2M | $23.0M | ||
| Q3 24 | $-17.2M | $6.3M | ||
| Q2 24 | $-4.0M | $5.4M | ||
| Q1 24 | $-7.1M | $4.4M |
| Q4 25 | $-3.6M | $26.8M | ||
| Q3 25 | $-10.1M | $557.0K | ||
| Q2 25 | $-14.6M | $7.7M | ||
| Q1 25 | $-14.5M | $8.2M | ||
| Q4 24 | $-8.6M | $22.9M | ||
| Q3 24 | $-30.0M | $6.3M | ||
| Q2 24 | $-28.8M | $5.4M | ||
| Q1 24 | $-42.1M | — |
| Q4 25 | -29.1% | 308.1% | ||
| Q3 25 | -82.8% | 5.1% | ||
| Q2 25 | -121.0% | 77.0% | ||
| Q1 25 | -125.1% | 69.1% | ||
| Q4 24 | -85.3% | 185.3% | ||
| Q3 24 | -293.1% | 60.4% | ||
| Q2 24 | -305.4% | 49.7% | ||
| Q1 24 | -501.8% | — |
| Q4 25 | 3.9% | 5.9% | ||
| Q3 25 | 9.7% | 3.2% | ||
| Q2 25 | 48.9% | 0.6% | ||
| Q1 25 | 42.8% | 0.8% | ||
| Q4 24 | 97.6% | 1.1% | ||
| Q3 24 | 125.0% | 0.3% | ||
| Q2 24 | 263.0% | 0.2% | ||
| Q1 24 | 417.3% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 3.93× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 9.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOCL
Segment breakdown not available.
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
