Local Bounti Corporation (LOCL)
NYSE: LOCL · Agricultural Production-Crops · Hamilton, MT · filing with the SEC since 2021
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Mar 27, 2026 | Mar 31, 2025 | Mar 28, 2024 | Mar 31, 2023 | Mar 30, 2022 | · |
| Revenue | 48,365 | 38,138 | 27,557 | 19,474 | 638 | 82 |
| For lenders | ||||||
| Net interest income | · | · | -25,745 | -16,734 | -6,618r | -522 |
| Provision for credit losses | 17 | -103 | 5 | 114 | 19 | 0 |
| Cost of revenue | 42,505 | 34,048 | 25,341 | 17,259 | 432 | 91 |
| Gross profit | 5,860 | 4,090 | 2,216 | 2,215 | 206 | -9 |
| Research and development | 25,575 | 22,287 | 16,086 | 14,059 | 3,425 | 1,079 |
| Selling, general and administrative | · | 40,771 | 64,559 | 82,682 | 41,498 | 6,834 |
| Sales and marketing | 9,143 | 7,893 | · | · | · | · |
| General and administrative | 33,769 | 32,878 | · | · | · | · |
| Total operating expenses | 68,487 | 63,058 | 119,126 | 96,741 | 44,923 | 7,913 |
| Operating income | -62,627 | -58,968 | -116,910 | -94,526 | -44,717 | -7,922 |
| Interest income (expense), net | -32,167 | -58,923 | -25,745 | · | · | · |
| Other income (expense), net | 3,773 | -2,822 | 157 | 189 | 309r | 0 |
| Income before income taxes | · | · | · | · | -56,093 | -8,409 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | -94,379 | -119,902 | -124,015 | -111,071 | -56,093 | -8,409 |
| Preferred dividends | 403 | 0 | · | · | · | · |
| Net income to common shareholders | -94,782 | -119,902 | · | · | · | · |
| Earnings per share, basic | -5.61 | -14.14 | -15.61 | -16.57r | -13.78b | -2.21b |
| Earnings per share, diluted | -5.61 | -14.14 | -15.61 | -16.57r | -13.78b | -2.21b |
| Weighted average shares, basic | 16,895,925 | 8,480,247 | 7,943,874 | 6,701,126r | 4,068,328b | 3,821,271b |
| Weighted average shares, diluted | 16,895,925 | 8,480,247 | 7,943,874 | 6,701,126r | 4,068,328b | 3,821,271b |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-13 reverse split of Jun 2023.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxNet interest income interest earned less interest paid
us-gaap:InterestIncomeExpenseNetProvision for credit losses set aside for loans that may not be repaid
us-gaap:ProvisionForLoanLeaseAndOtherLossesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossPreferred dividends paid to preferred holders before common shareholders
us-gaap:PreferredStockDividendsIncomeStatementImpactNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding