Local Bounti Corporation

LOCL

$1.07

-2.73%

2026-09-04 10:38:06 EDT-$0.03

Consumer Defensive

Agricultural Farm Products

NYSE

Active Trading

Local Bounti Corporation is an American agricultural enterprise primarily engaged in the cultivation of fresh greens and various herbs. Their product line ...

Price Action of LOCL

$1.07

-2.73%-$0.03

High—

Low—

52W High-73.2%

Rel. vol—

Interval

Range80m

Volume—SMA5SMA10

—

Local Bounti Corporation is a controlled environment agriculture (CEA) company that produces sustainably grown produce, focusing on living and loose-leaf lettuce and herbs. Founded in 2018 and headquartered in Hamilton, Montana, the company leverages patented Stack & Flow Technology® to improve crop yields and reduce environmental impact compared to traditional ...Local Bounti Corporation is a controlled environment agriculture (CEA) company that produces sustainably grown produce, focusing on living and loose-leaf lettuce and herbs. Founded in 2018 and headquartered in Hamilton, Montana, the company leverages patented Stack & Flow Technology® to improve crop yields and reduce environmental impact compared to traditional farming. The company operates six facilities across California, Georgia, Montana, Texas, and Washington, providing fresh, non-GMO greens year-round. The product line includes various lettuce varieties, herbs, and notably loose-leaf lettuce. Local Bounti supplies its produce to retail grocery stores and food service distributors. The company's mission is to revolutionize agriculture by ensuring accessibility to fresh, sustainable, locally grown produce. Financially, the company has a market cap of about $28.7 million, with negative margins and cash flow, but maintains a focus on growth and innovation. Leadership includes CEO Kathleen Valiasek, who took office in March 2025, and co-founders Travis Joyner and Craig Hurlbert. The company emphasizes local growing and sustainability, aiming to reduce food miles and water usage.ExpandCollapse

Founded

2018

Employees

286

CEO

Kathleen Valiasek

Full Name

Local Bounti Corporation

Sector

Consumer Defensive

Industry

Agricultural Farm Products

ROE

38.71%

Market Cap

$0.03B

Current Ratio

1.07

WACC

6.54%

ROIC

-13.23%

Contact Information

https://localbounti.com

406 361 3711

490 Foley Lane, Hamilton, MT 59840

Key Metrics of LOCL

Snapshot

Latest / TTM · 6 periods

Market Cap

$25.02M

ROCE

-15.6%

EV / EBITDA

-18.43x

+0.3% YoY

FCF Yield

-111.1%

-27.6% YoY

Cash Conversion Cycle

-32.8d

Current Ratio

1.07

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of LOCL

Profitability trend

Latest / TTM · 6 periods

Gross Margin

10.6%

Net Margin

-130.5%

P/E Ratio

-0.41x

n/a

Debt / Equity

-2.49

n/a

Current Ratio

1.07

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of LOCL

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.47 · Revenue $25.00M · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.43 · Revenue $27.50M · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-1.93 · Revenue $93.50M · 1 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $-1.40 · Revenue $117.00M · 1 analysts

Recent history

Aug 12, 2026
Q2 FY2026 · Results reported
EPS $-0.68 · Revenue $13.85M
View filing
May 15, 2026
Q1 FY2026 · Results reported
EPS $-0.53 · Revenue $13.34M
View filing
Mar 27, 2026
FY2025 · Annual results
EPS $-4.04 · Revenue $48.37M
View filing
Nov 14, 2025
Q3 FY2025 · Results reported
EPS $-1.18 · Revenue $12.20M
View filing
Aug 14, 2025
Q2 FY2025 · Results reported
EPS $-1.95 · Revenue $12.10M
View filing
May 15, 2025
Q1 FY2025 · Results reported
EPS $-4.32 · Revenue $11.61M
View filing

Financial Statements of LOCL

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$48.4M	+26.8%	+3.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-94.4M	+21.3%	-55.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+12.1%	+13.0%	-34.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-129.5%	+16.3%	+3.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-195.1%	+37.9%	-50.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-41.9M	+61.7%	-17.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-86.7%	+69.8%	-13.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-322.1%	+25.9%	-104582.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.41x	+314.9%	-33.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$410.5M	-4.1%	-2.8%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-4.04 vs -4.83	+16.4%	-0.68 vs -0.50	-36.0%
Revenue Surprise	$48.4M vs $51.2M	-5.6%	$13.8M vs $22.0M	-37.0%

Insider Transactions of LOCL

Acquisitions (A)

Since May 1, 2026

Disposals (D)

Since May 1, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 7, 2026	Schwab Charles R.	10 percent owner	Common Stock Purchase Warrant	A	1,000,000	$0.13
Aug 7, 2026	Schwab Charles R.	10 percent owner	Convertible Note	A	0	$1.37
Jul 2, 2026	VALIASEK KATHLEEN	officer: President and CEO	Common Stock	D	118,720	$1.30
Jun 10, 2026	SCHWAB CHARLES R JR.	director	Common Stock	A	62,949	—
Jun 10, 2026	Nordby Matthew	director	Common Stock	A	62,949	—

Earnings Call Transcript of LOCL

1 transcript segments

Q1 2026

Unknown Speaker

Operator: Good morning, and welcome to Local Bounti's First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, today's event is being recorded. At this time, I'd like to turn the conference call over to Jeff Sonnek, Investor Relations at ICR. Please go ahead. Jeff Sonnek: Thank you, and good morning. Today's presentation will be hosted by Local Bounti's Executive Chairman, Craig Hurlbert; President and Chief Executive Officer, Kathleen Valiasek; and Interim Chief Financial Officer and Chief Accounting Officer, Tony Hughes. The comments made during today's call contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are considered forward-looking statements. These statements are based on management's current expectations and beliefs as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements. Some of these risks and uncertainties are identified and discussed in the company's filings with the SEC. And we'll also refer to certain non-GAAP financial measures today. Please refer to the press release, which can be found on our Investor Relations website, investors.localbounti.com, for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. And with that, I'd now like to turn the call over to Craig. Craig Hurlbert: Thank you, Jeff, and good morning, everyone. As I always do, I want to start by recognizing the work the Local Bounti team has put in to delivering these results. It's an honor to be able to work with each and every one of you. The first quarter is the next data point in the trajectory we've been building toward: disciplined execution quarter after quarter across every part of the organization. We told you what we were going to do, and we're doing it. When I spoke with you in March, I described 2025 as a year we did the hard work to position Local Bounti for what comes next. Q1 reinforces that view. Two specific developments this quarter underscore where we're headed. First, in February, we were issued a U.S. patent covering our computer vision and AI-driven growing optimization. This formally protects the proprietary technology that underpins our Stack & Flow platform, the same capabilities Kathy will speak to in detail when she walks through our operational progress. Second, the $15 million investment from an existing strategic investor that we discussed last quarter, closed during Q1. That's a partner who has watched this business closely for years and chose to commit additional capital at this stage. Both signals: one technical, one financial, point in the same direction. Local Bounti has earned the right to be selective about its …

Leadership Team of LOCL

9 executives

Name	Title	Compensation	Gender	Year Born	Status
Kathleen Valiasek	CEO, President & Director	USD 514,000	Female	1964	Active
Anthony Hughes	Interim CFO, Senior VP of Finance & Chief Accounting Officer	USD 416,000	Male	1965	Active
Margaret E. McCandless	General Counsel & Corporate Secretary	USD 368,700	Female	1973	Active
Travis Joyner	Co-Founder & Chairman of the Board	USD 82,745	—	1983	Active
Craig Hurlbert	Co-Founder	USD 60,998	Male	1963	Active
Mike Schaal	Chief Operating Officer	—	Male	—	Active
Baltazar Garcia	Vice President of Sales	—	Male	—	Active
Kara Bailey	Vice President of Human Resources	—	Female	—	Active
Alex Francis	Chief Information Officer	—	Male	—	Active

Recent News of LOCL

Seeking Alpha8/12/2026Neutral

Local Bounti Corporation (LOCL) Q2 2026 Earnings Call Prepared Remarks Transcript

PRNewsWire8/12/2026Neutral

Local Bounti Announces Second Quarter 2026 Financial Results

Delivered 14% Revenue Growth, Improved Net Loss, and 17% Improvement in Adjusted EBITDA Loss Announces Additional $12.5 Million Investment from Existing Strategic Investor HAMILTON, Mont., Aug. 12, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the quarter ended June 30, 2026.

PRNewsWire8/3/2026Neutral

Local Bounti to Release Second Quarter 2026 Financial Results on Wednesday, August 12, 2026

HAMILTON, Mont., Aug. 3, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2026, before the market opens on Wednesday, August 12, 2026.

PRNewsWire6/15/2026Neutral

Local Bounti Launches Distribution at Harris Teeter Across Entire Footprint

Six-SKU Rollout Brings Local Bounti's Locally Grown Greens to One of the Southeast and Mid-Atlantic's Premier Fresh-Food Retailers HAMILTON, Mont., June 15, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced the commercial launch of a six-SKU assortment of its locally grown leafy greens at Harris Teeter, a leading Southeast and Mid-Atlantic grocer.

PRNewsWire6/1/2026Neutral

Local Bounti Named as Exclusive CEA Honoree on the TIME World's Growth Leaders 2026 List

HAMILTON, Mont., June 1, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has been named to TIME's World's Growth Leaders 2026.

Historical Employee Count of LOCL

Current

286

Change

-14.11%

Minimum

111

Maximum

333

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	286	10-K	Mar 27, 2026	View
Dec 31, 2024	333	10-K	Mar 31, 2025	View
Dec 31, 2023	301	10-K	Mar 28, 2024	View
Dec 31, 2022	289	10-K	Mar 31, 2023	View
Dec 31, 2021	111	10-K	Mar 30, 2022	View

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Local Bounti Corporation