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Side-by-side financial comparison of Local Bounti Corporation (LOCL) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
Local Bounti Corporation is the larger business by last-quarter revenue ($12.5M vs $9.4M, roughly 1.3× Velo3D, Inc.). Local Bounti Corporation runs the higher net margin — -69.8% vs -231.9%, a 162.1% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -25.2%). Local Bounti Corporation produced more free cash flow last quarter ($-3.6M vs $-8.3M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs -1.8%).
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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
LOCL vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $9.4M |
| Net Profit | $-8.7M | $-21.9M |
| Gross Margin | 12.2% | -73.6% |
| Operating Margin | -106.1% | -231.0% |
| Net Margin | -69.8% | -231.9% |
| Revenue YoY | 23.7% | -25.2% |
| Net Profit YoY | 76.0% | -2.9% |
| EPS (diluted) | $1.52 | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $12.2M | $13.6M | ||
| Q2 25 | $12.1M | $13.6M | ||
| Q1 25 | $11.6M | $9.3M | ||
| Q4 24 | $10.1M | $12.6M | ||
| Q3 24 | $10.2M | $8.2M | ||
| Q2 24 | $9.4M | $10.3M | ||
| Q1 24 | $8.4M | $9.8M |
| Q4 25 | $-8.7M | $-21.9M | ||
| Q3 25 | $-26.4M | $-11.2M | ||
| Q2 25 | $-21.6M | $-13.3M | ||
| Q1 25 | $-37.7M | $-25.0M | ||
| Q4 24 | $-36.3M | $-21.3M | ||
| Q3 24 | $-34.3M | $-21.9M | ||
| Q2 24 | $-25.3M | $935.0K | ||
| Q1 24 | $-24.1M | $-27.5M |
| Q4 25 | 12.2% | -73.6% | ||
| Q3 25 | 11.5% | 3.2% | ||
| Q2 25 | 12.2% | -11.7% | ||
| Q1 25 | 12.6% | 7.5% | ||
| Q4 24 | 5.4% | -3.5% | ||
| Q3 24 | 13.8% | 49.4% | ||
| Q2 24 | 14.3% | -28.0% | ||
| Q1 24 | 9.4% | -28.8% |
| Q4 25 | -106.1% | -231.0% | ||
| Q3 25 | -149.4% | -73.3% | ||
| Q2 25 | -127.7% | -85.4% | ||
| Q1 25 | -135.6% | -123.6% | ||
| Q4 24 | -166.6% | -167.0% | ||
| Q3 24 | -176.0% | -213.8% | ||
| Q2 24 | -146.8% | -187.7% | ||
| Q1 24 | -122.9% | -211.1% |
| Q4 25 | -69.8% | -231.9% | ||
| Q3 25 | -216.6% | -82.0% | ||
| Q2 25 | -178.3% | -97.7% | ||
| Q1 25 | -324.6% | -268.4% | ||
| Q4 24 | -360.1% | -168.5% | ||
| Q3 24 | -335.2% | -265.3% | ||
| Q2 24 | -267.6% | 9.0% | ||
| Q1 24 | -286.9% | -281.2% |
| Q4 25 | $1.52 | $-0.87 | ||
| Q3 25 | $-1.18 | $-0.65 | ||
| Q2 25 | $-1.63 | $-0.94 | ||
| Q1 25 | $-4.32 | $-1.87 | ||
| Q4 24 | $-4.24 | $7.06 | ||
| Q3 24 | $-4.01 | $-35.52 | ||
| Q2 24 | $-3.00 | $1.65 | ||
| Q1 24 | $-2.89 | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | $483.1M | $31.0M |
| Stockholders' EquityBook value | $-166.2M | $38.2M |
| Total Assets | $410.5M | $105.3M |
| Debt / EquityLower = less leverage | — | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $39.0M | ||
| Q3 25 | $6.2M | $11.8M | ||
| Q2 25 | $5.3M | $854.0K | ||
| Q1 25 | $18.0M | $3.9M | ||
| Q4 24 | $937.0K | $1.2M | ||
| Q3 24 | $317.0K | $1.6M | ||
| Q2 24 | $9.7M | $3.2M | ||
| Q1 24 | $8.2M | $10.9M |
| Q4 25 | $483.1M | $31.0M | ||
| Q3 25 | $484.9M | $23.0M | ||
| Q2 25 | $478.3M | $22.5M | ||
| Q1 25 | $480.0M | $21.7M | ||
| Q4 24 | $436.8M | $5.7M | ||
| Q3 24 | $398.4M | $32.3M | ||
| Q2 24 | $374.0M | $33.5M | ||
| Q1 24 | $329.8M | $44.0M |
| Q4 25 | $-166.2M | $38.2M | ||
| Q3 25 | $-158.1M | $29.9M | ||
| Q2 25 | $-132.7M | $21.4M | ||
| Q1 25 | $-134.5M | $32.8M | ||
| Q4 24 | $-100.5M | $39.7M | ||
| Q3 24 | $-65.6M | $34.4M | ||
| Q2 24 | $-32.8M | $52.1M | ||
| Q1 24 | $-9.4M | $45.5M |
| Q4 25 | $410.5M | $105.3M | ||
| Q3 25 | $417.8M | $93.7M | ||
| Q2 25 | $426.8M | $78.4M | ||
| Q1 25 | $447.2M | $91.3M | ||
| Q4 24 | $428.0M | $89.2M | ||
| Q3 24 | $430.8M | $110.8M | ||
| Q2 24 | $438.1M | $116.7M | ||
| Q1 24 | $413.4M | $136.1M |
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | $-3.6M | $-8.3M |
| FCF MarginFCF / Revenue | -29.1% | -88.3% |
| Capex IntensityCapex / Revenue | 3.9% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-42.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $-7.7M | ||
| Q3 25 | $-8.9M | $-6.0M | ||
| Q2 25 | $-8.7M | $-1.2M | ||
| Q1 25 | $-9.6M | $-12.3M | ||
| Q4 24 | $1.2M | $-2.2M | ||
| Q3 24 | $-17.2M | $-2.0M | ||
| Q2 24 | $-4.0M | $-8.0M | ||
| Q1 24 | $-7.1M | $-20.5M |
| Q4 25 | $-3.6M | $-8.3M | ||
| Q3 25 | $-10.1M | $-6.3M | ||
| Q2 25 | $-14.6M | $-3.0M | ||
| Q1 25 | $-14.5M | — | ||
| Q4 24 | $-8.6M | $-2.2M | ||
| Q3 24 | $-30.0M | $-2.0M | ||
| Q2 24 | $-28.8M | $-8.0M | ||
| Q1 24 | $-42.1M | $-20.5M |
| Q4 25 | -29.1% | -88.3% | ||
| Q3 25 | -82.8% | -46.5% | ||
| Q2 25 | -121.0% | -22.2% | ||
| Q1 25 | -125.1% | — | ||
| Q4 24 | -85.3% | -17.7% | ||
| Q3 24 | -293.1% | -24.2% | ||
| Q2 24 | -305.4% | -77.1% | ||
| Q1 24 | -501.8% | -209.8% |
| Q4 25 | 3.9% | 6.4% | ||
| Q3 25 | 9.7% | 2.3% | ||
| Q2 25 | 48.9% | 13.3% | ||
| Q1 25 | 42.8% | 0.0% | ||
| Q4 24 | 97.6% | 0.2% | ||
| Q3 24 | 125.0% | 0.2% | ||
| Q2 24 | 263.0% | 0.0% | ||
| Q1 24 | 417.3% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
