Comstock Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
LODE$1.67-13.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three-Months Ended · Nine-Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $367,251 | $54,079 | $953,531 | $1,179,440 |
| Cost of goods sold | 973,312 | 324,397 | 2,742,019 | 2,025,194 |
| Operating Expenses: | ||||
| Selling, general and administrative expenses | 8,115,410 | 6,110,011 | 22,033,853 | 14,003,566 |
| Research and development | 2,416,513 | 2,229,838 | 6,797,118 | 7,654,401 |
| Depreciation and amortization | 717,604 | 1,162,246 | 3,129,748 | 2,174,322 |
| Loss on intangible assets impairment (Note 6) | — | 9,333 | 13,648,042 | 9,333 |
| Loss on property, plant and equipment impairment (Note 5) | — | 433,411 | 1,736,481 | 433,411 |
| Gain on sales of properties, mineral and royalty rights (Note 2) | (14,018,466) | — | (15,418,476) | (200,000) |
| Total operating expenses | (2,768,939) | 9,944,839 | 31,926,766 | 24,075,033 |
| Income (loss) from operations | 2,162,878 | (10,215,157) | (33,715,254) | (24,920,787) |
| Other Income (Expense): | ||||
| Interest expense | (168,719) | (336,076) | (539,118) | (1,769,282) |
| Interest income | 406,854 | 312,862 | 1,490,664 | 563,671 |
| Loss on investments (Note 12) | (260,000) | — | (260,000) | — |
| Loss on investment impairment (Note 3) | — | — | (1,031,371) | — |
| Loss on sale of note receivable (Note 4) | — | — | (403,217) | — |
| Change in fair value of derivative instruments (Note 12) | (3,104,000) | (1,243,382) | (2,228,177) | 433,991 |
| Gain (loss) on conversion of debt | — | 242,664 | — | (3,088,167) |
| Loss on debt extinguishment | — | (2,767,887) | — | (2,767,887) |
| Gain on extinguishment of liability | — | — | — | 845,000 |
| Change in fair value of SAFE Note (Note 12) | — | 900,000 | 1,100,000 | 900,000 |
| Other income (expense) | 209,532 | 218,640 | (18,800) | (5,749) |
| Total other income (expense), net | (2,916,333) | (2,673,179) | (1,890,019) | (4,888,423) |
| Net loss | $(753,455) | $(12,888,336) | $(35,605,273) | $(29,809,210) |
| Net loss attributable to noncontrolling interest | — | — | — | — |
| Net loss attributable to Comstock Inc. | $(753,455) | $(12,888,336) | $(35,605,273) | $(29,809,210) |
| Earnings per Share - Basic and Diluted: | ||||
| Net loss per share - basic and diluted | $(0.01) | $(0.31) | $(0.49) | $(0.94) |
| Weighted average common shares outstanding, basic and diluted | 75,990,631 | 41,662,075 | 72,626,630 | 31,781,322 |
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