Comstock Inc. (LODE) Income Statement
LODE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLODE revenue and net income
Where LODE's revenue goes
2025Each bar shows an amount and its share of revenue. LODE kept −2,772.3% of revenue as net income.
LODE profit margins
LODE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −48.5% | +105.8% | +50.4% | −21.9% |
| Gross profit | −291.7% | — | — | — |
| 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.
LODE quarterly EPS vs estimates
Comstock beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.06).
LODE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M | $3.0M | $1.3M | $178,150 | $862,165 | $201,700 | $179,632 | $150,289 | $104,329 | $5.1M |
| Cost of revenue | $6.5M | $451,938 | $2.9M | $3.7M | $272,082 | $51,890 | $1.5M | $2.8M | $3.5M | $4.7M |
| Gross profit | −$4.9M | $2.6M | $1.3M | $178,150 | $590,083 | $149,810 | −$1.4M | −$2.7M | −$3.4M | $381,983 |
| Research & development | $12.3M | $19.1M | $6.1M | $7.0M | $414,751 | $0 | — | $0 | $1.1M | $79,461 |
| Sales, general & admin | $20.7M | $12.7M | $12.6M | $10.2M | $5.5M | $4.4M | $3.3M | $3.4M | $2.6M | $3.6M |
| Total operating expenses | $33.0M | $42.2M | $13.9M | $19.5M | $7.0M | $5.6M | $4.0M | $4.7M | $5.5M | $10.6M |
| Operating income | −$37.9M | −$39.7M | −$12.6M | −$19.4M | −$6.4M | −$5.5M | −$5.3M | −$7.4M | −$8.9M | −$10.2M |
| Interest income | $831,375 | $302,091 | $251,969 | $387,608 | $1.0M | $473,681 | $879,530 | $1.4M | $1.7M | $753,670 |
| Interest expense | $1.9M | $3.0M | $1.6M | $1.7M | $168,881 | $421,887 | $879,530 | $1.4M | $1.7M | $753,670 |
| Income before taxes | −$43.2M | −$53.4M | $10.5M | −$46.7M | −$30.3M | $14.9M | −$3.8M | −$9.5M | −$10.6M | −$13.0M |
| Income taxes | — | — | $1.4M | $25.5M | −$5.7M | $947,506 | $3.3M | $2.1M | $1.7M | $3.9M |
| Net income | −$43.1M | −$53.3M | $9.2M | −$45.9M | −$24.6M | $14.9M | −$3.8M | −$9.5M | −$10.6M | −$13.0M |
| EBITDA | −$37.4M | −$48.2M | $15.1M | −$41.4M | −$29.1M | $16.6M | −$1.5M | −$4.9M | −$4.6M | −$6.1M |
| EPS (diluted) | −$1.17 | −$3.38 | −$1.12 | −$5.71 | −$0.93 | $5.71 | −$0.12 | −$0.80 | −$0.68 | −$13.02 |
| Gross margin | −316.3% | 85.0% | 100.0% | 100.0% | 68.4% | 74.3% | −755.2% | −1,767.2% | −3,222.0% | 7.5% |
| Operating margin | −2,439.6% | −1,315.2% | −989.0% | −10,868.0% | −743.0% | −2,714.1% | −2,975.2% | −4,924.1% | −8,509.6% | −201.4% |
| Net margin | −2,772.3% | −1,767.9% | 718.9% | −25,792.2% | −2,851.4% | 7,403.1% | −2,118.7% | −6,308.3% | −10,137.3% | −255.7% |
| 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 | $272,824 | $313,456 | $374,356 | $54,079 | $339,546 | $785,815 | $1.6M | $556,383 | $434,824 | $425,951 | $447,653 | $760,721 |
| Cost of revenue | $1.2M | $2.0M | $2.3M | $1.6M | $1.5M | $1.4M | $939,667 | $0 | $772,453 | $767,372 | $574,114 | $782,099 |
| Gross profit | −$896,073 | −$1.7M | −$1.9M | −$1.6M | −$1.1M | −$599,091 | $659,338 | $556,383 | $434,824 | $425,951 | $447,653 | $760,721 |
| Research & development | $2.3M | $2.1M | $4.7M | $2.2M | $2.1M | $3.3M | $14.2M | $1.4M | $2.5M | $892,013 | $1.7M | $1.4M |
| Sales, general & admin | $7.3M | $6.6M | $6.7M | $6.1M | $4.6M | $3.3M | $3.2M | $3.2M | $2.8M | $3.5M | $2.6M | $3.1M |
| Total operating expenses | $26.0M | $8.7M | $11.3M | $8.2M | $6.8M | $6.4M | $17.3M | $14.2M | $6.0M | $5.1M | $4.7M | −$1.9M |
| Operating income | −$26.9M | −$10.3M | −$13.2M | −$9.8M | −$7.9M | −$7.0M | −$16.6M | −$13.6M | −$5.6M | −$4.6M | −$4.3M | $2.7M |
| Interest income | $428,506 | $655,304 | $267,704 | $312,862 | $154,700 | $96,109 | $81,504 | $81,015 | $65,081 | $74,491 | $72,027 | $73,067 |
| Interest expense | $222,406 | $147,993 | $158,518 | $336,076 | $774,062 | $659,144 | $673,254 | $696,996 | $782,440 | $818,661 | $334,570 | $320,815 |
| Income before taxes | −$25.5M | −$9.4M | −$13.4M | −$12.9M | −$7.8M | −$9.1M | −$22.8M | −$15.0M | −$8.7M | −$6.9M | $8.0M | $13.7M |
| Income taxes | — | — | — | — | — | — | $14.97T | −$14.97T | −$18,723 | $612,701 | $37,144 | $716,365 |
| Net income | −$25.5M | −$9.4M | −$13.3M | −$12.9M | −$7.8M | −$9.1M | −$22.8M | −$15.0M | −$8.6M | −$6.9M | $7.9M | $12.4M |
| EBITDA | −$10.4M | −$7.9M | −$11.5M | −$11.3M | −$6.3M | $357.2M | −$21.7M | −$13.7M | −$7.1M | −$5.3M | $8.9M | $14.7M |
| EPS (diluted) | −$0.13 | −$0.13 | −$0.26 | −$0.31 | −$0.29 | −$0.31 | −$2.31 | −$0.08 | −$0.48 | −$0.51 | $0.08 | −$0.59 |
| Gross margin | −328.4% | −535.2% | −506.3% | −2,885.2% | −327.2% | −76.2% | 41.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | −9,872.8% | −3,299.6% | −3,533.6% | −18,070.6% | −2,316.9% | −895.7% | −1,040.9% | −2,447.0% | −1,279.4% | −1,091.6% | −954.0% | 351.7% |
| Net margin | −9,335.1% | −2,993.5% | −3,544.0% | −23,832.4% | −2,305.1% | −1,157.3% | −1,427.0% | −2,690.2% | −1,985.5% | −1,620.2% | 1,772.4% | 1,625.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LODE's financial statements (latest annual report filed March 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LODE financial results
In fiscal year 2025 (ended December 31, 2025), Comstock reported revenue of $1.6 million, down 48.5% from the year before. It had a net loss of $43.1 million, a net profit margin of −2,772.3%. Diluted earnings per share came to −$1.17. Over five years revenue grew at an average rate of 50.4% a year.
See the LODE stock overview for the latest quote and news, or the LODE chart for price history and technical indicators.
LODE income statement FAQ
What is Comstock's annual revenue?
Comstock reported total revenue of $1.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 48.5% from $3.0 million the previous year.
Is Comstock profitable?
No. Comstock reported a net loss of $43.1 million in fiscal 2025, a net profit margin of −2,772.3%; its operating margin was −2,439.6%.
What is Comstock's gross margin?
Comstock's gross margin was −316.3% in fiscal 2025: for every $100 of revenue, Comstock kept $-316 after the direct cost of its products and services.
How much does Comstock spend on research and development?
Comstock spent $12.3 million on research and development in fiscal 2025, 792.9% of revenue.
How fast is Comstock growing?
Revenue grew 50.4% a year on average over the last five fiscal years, from $0.2 million to $1.6 million.
What are Comstock's earnings per share?
Comstock earned $-1.17 per diluted share in fiscal 2025, compared with $-3.38 a year earlier.
When will Comstock report its next earnings?
Comstock is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Comstock's fiscal year end?
Comstock's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 24, 2026.
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