Local Bounti Corporation (LOCL) Income Statement
LOCL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLOCL revenue and net income
Where LOCL's revenue goes
2025Each bar shows an amount and its share of revenue. LOCL kept −195.1% of revenue as net income.
LOCL profit margins
LOCL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.8% | +35.4% | +258.2% | — |
| Gross profit | +43.3% | +38.3% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LOCL quarterly EPS vs estimates
Local Bounti beat the analyst EPS estimate in 2 of the last 7 quarters. Next report: November 11, 2026 (estimate $-0.47).
LOCL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $48.4M | $38.1M | $27.6M | $19.5M | $638,000 | $82,000 | $0 |
| Cost of revenue | $42.5M | $34.0M | $25.3M | $17.3M | $432,000 | $91,000 | — |
| Gross profit | $5.9M | $4.1M | $2.2M | $2.2M | $206,000 | −$9,000 | — |
| Research & development | $25.6M | $22.3M | $16.1M | $14.1M | $3.4M | $1.1M | — |
| Sales, general & admin | $42.9M | $40.8M | $64.6M | $82.7M | $41.5M | $6.8M | — |
| Total operating expenses | $68.5M | $63.1M | $119.1M | $96.7M | $44.9M | $7.9M | $3.4M |
| Operating income | −$62.6M | −$59.0M | −$116.9M | −$94.5M | −$44.7M | −$7.9M | −$3.4M |
| Interest expense | $32.2M | $58.9M | $25.7M | $16.7M | $6.6M | $522,000 | $0 |
| Income before taxes | −$94.4M | −$119.9M | −$124.0M | −$111.1M | −$56.1M | −$8.4M | −$3.4M |
| Income taxes | — | — | $13.0M | −$10.4M | −$309,000 | $522,000 | −$39,000 |
| Net income | −$94.4M | −$119.9M | −$124.0M | −$111.1M | −$56.1M | −$8.4M | −$3.4M |
| EBITDA | −$39.0M | −$42.1M | −$85.1M | −$83.9M | −$48.8M | −$7.6M | −$39,000 |
| EPS (diluted) | −$6.80 | −$13.65 | −$16.61 | −$11.80 | −$0.48 | $0.03 | — |
| Gross margin | 12.1% | 10.7% | 8.0% | 11.4% | 32.3% | −11.0% | — |
| Operating margin | −129.5% | −154.6% | −424.2% | −485.4% | −7,008.9% | −9,661.0% | — |
| Net margin | −195.1% | −314.4% | −450.0% | −570.4% | −8,792.0% | −10,254.9% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $13.3M | $12.5M | $12.2M | $12.1M | $11.6M | $10.1M | $10.2M | $9.4M | $8.4M | $6.9M | $6.8M |
| Cost of revenue | $12.8M | $11.8M | $10.9M | $10.8M | $10.6M | $10.1M | $9.5M | $8.8M | $8.1M | $7.6M | $6.2M | $6.4M |
| Gross profit | $1.0M | $1.5M | $1.5M | $1.4M | $1.5M | $1.5M | $540,000 | $1.4M | $1.4M | $786,000 | $680,000 | $405,000 |
| Research & development | $4.6M | $5.7M | $5.4M | $6.7M | $6.5M | $7.0M | $7.2M | $7.1M | $4.5M | $3.5M | $4.0M | $5.0M |
| Sales, general & admin | $10.4M | $9.8M | $11.1M | $11.5M | $9.2M | $8.9M | $10.1M | $12.3M | $9.5M | $6.4M | $10.3M | $14.4M |
| Total operating expenses | $15.0M | $15.5M | $14.7M | $19.6M | $16.9M | $17.2M | $17.3M | $19.4M | $15.2M | $11.1M | $59.9M | $19.4M |
| Operating income | −$13.9M | −$13.9M | −$13.2M | −$18.2M | −$15.4M | −$15.7M | −$16.8M | −$18.0M | −$13.9M | −$10.3M | −$59.3M | −$19.0M |
| Interest expense | $4.5M | $4.0M | $4.2M | $4.6M | $4.6M | $18.8M | $18.5M | $18.3M | $12.5M | $9.6M | $7.9M | $7.1M |
| Income before taxes | −$19.8M | −$12.7M | −$8.7M | −$26.4M | −$21.6M | −$37.7M | −$36.3M | −$34.3M | −$25.3M | −$24.1M | −$65.6M | −$24.3M |
| Income taxes | — | — | — | — | — | — | −$3.2M | — | — | $3.2M | −$22.1M | $7.1M |
| Net income | −$19.8M | −$12.7M | −$8.7M | −$26.4M | −$21.6M | −$37.7M | −$36.3M | −$34.3M | −$25.3M | −$24.1M | −$65.6M | −$24.3M |
| EBITDA | −$9.8M | −$3.1M | $1.1M | −$16.0M | −$11.1M | −$13.0M | −$11.9M | −$10.1M | −$8.9M | −$11.2M | −$54.7M | −$13.7M |
| EPS (diluted) | −$0.68 | −$0.53 | −$0.38 | −$1.18 | −$1.44 | −$3.80 | −$4.41 | −$3.95 | −$3.04 | −$2.25 | −$8.10 | −$2.84 |
| Gross margin | 7.6% | 11.5% | 12.2% | 11.5% | 12.2% | 12.6% | 5.4% | 13.8% | 14.3% | 9.4% | 9.9% | 5.9% |
| Operating margin | −100.7% | −104.5% | −106.1% | −149.4% | −127.7% | −135.6% | −166.6% | −176.0% | −146.8% | −122.9% | −863.0% | −279.0% |
| Net margin | −143.1% | −95.4% | −69.8% | −216.6% | −178.3% | −324.6% | −360.1% | −335.2% | −267.6% | −286.9% | −954.8% | −356.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LOCL's financial statements (latest annual report filed March 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LOCL financial results
In fiscal year 2025 (ended December 31, 2025), Local Bounti reported revenue of $48.4 million, up 26.8% from the year before. It had a net loss of $94.4 million, a net profit margin of −195.1%. Diluted earnings per share came to −$6.80. Over five years revenue grew at an average rate of 258.2% a year.
See the LOCL stock overview for the latest quote and news, or the LOCL chart for price history and technical indicators.
LOCL income statement FAQ
What is Local Bounti's annual revenue?
Local Bounti reported total revenue of $48.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 26.8% from $38.1 million the previous year.
Is Local Bounti profitable?
No. Local Bounti reported a net loss of $94.4 million in fiscal 2025, a net profit margin of −195.1%; its operating margin was −129.5%.
What is Local Bounti's gross margin?
Local Bounti's gross margin was 12.1% in fiscal 2025: for every $100 of revenue, Local Bounti kept $12 after the direct cost of its products and services.
How much does Local Bounti spend on research and development?
Local Bounti spent $25.6 million on research and development in fiscal 2025, 52.9% of revenue.
How fast is Local Bounti growing?
Revenue grew 258.2% a year on average over the last five fiscal years, from $0.1 million to $48.4 million.
What are Local Bounti's earnings per share?
Local Bounti earned $-6.80 per diluted share in fiscal 2025, compared with $-13.65 a year earlier.
When will Local Bounti report its next earnings?
Local Bounti is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does Local Bounti's fiscal year end?
Local Bounti's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 27, 2026.