Local Bounti Corporation (LOCL)

From the record

Local Bounti Corporation's filings since 2021 show 7 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2026-02-11); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-12-07); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

From the record

Local Bounti Corporation's 6 filed years say what it did: revenue went from $82 thousand in fiscal 2020 to $48 million in fiscal 2025, up 258.3% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Local Bounti Corporation's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 140 cents per dollar of assets, and net share issuance: its share count grew 99.2% over the year (the filed statements).

From the record

Local Bounti Corporation's standing among 13 graded names in its industry family: revenue of $48 million in fiscal 2025 ranks in the bottom 35% by size; a net margin of -195.1% ranks in the bottom 12%; revenue growth of 35.4% a year over the last 3 filed years ranks in the top 12% (its annual reports).

From the record

Local Bounti Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Valiasek, Kathleen (President and CEO, as filed), filing under that title since 2025-04-03, 1.6 years (bottom 36% of its family); most of the 10 officers and directors filing now have filed since the record of its people begins (2021-11-19), a floor of 4.8 years the record cannot see past, so that part is not read; 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Local Bounti Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $11 million against debt of $483 million leaves -115.1% of its assets as net cash, bottom 4% of its family; cash from operations less capital spending is -86.7% of revenue (bottom 12%); a gross margin of 12.1% (top 50%); research spending of 52.9% of revenue (top 12%) (its annual report).

From the record

Local Bounti Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 35.4% a year over the last three filed years against 258.3% over all 6, slowing (bottom 4% of its family); the newest year grew 26.8% (top 12%); research spending grew 22.1% a year (top 12%); capital spending grew -40.9% a year (bottom 5%) (its annual reports). Local Bounti Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Local Bounti Corporation's newest year against its own record: revenue of $48 million in fiscal 2025 came in 9.4% below the $53 million its prior three years' pace pointed to (bottom 32% of its family); net income of $94 million against a prior three-year average of $118 million (top 14%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 5%) (its annual reports).