Local Bounti Corporation/DE
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 27, 2026
LOCL$0.78-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the Years Ended and
(in thousands, except per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Sales | $48,365 | $38,138 |
| Cost of goods sold(1)(2) | 42,505 | 34,048 |
| Gross profit | 5,860 | 4,090 |
| Operating expenses: | ||
| Research and development(1)(2) | 25,575 | 22,287 |
| Sales and marketing(1)(2) | 9,143 | 7,893 |
| General and administrative(1)(2) | 33,769 | 32,878 |
| Total operating expenses | 68,487 | 63,058 |
| Loss from operations | (62,627) | (58,968) |
| Other income (expense): | ||
| Change in fair value of warrant liabilities | (3,358) | 811 |
| Interest expense, net | (32,167) | (58,923) |
| Other income (expense), net | 3,773 | (2,822) |
| Net loss | (94,379) | (119,902) |
| Less: Deemed dividend to preferred stockholders | 403 | — |
| Net loss attributable to common stockholders | $(94,782) | $(119,902) |
| Net loss applicable to common stockholders per common share: | ||
| Basic and diluted | $(5.61) | $(14.14) |
| Weighted average common shares outstanding: | ||
| Basic and diluted | 16,895,925 | 8,480,247 |
(1)Amounts include stock-based compensation as follows:
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cost of goods sold | $124 | $73 |
| Research and development | 232 | 274 |
| Sales and marketing | 441 | (13) |
| General and administrative | 4,394 | 3,014 |
| Total stock-based compensation expense, net of amounts capitalized | $5,191 | $3,348 |
(2)Amounts include depreciation and amortization as follows:
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cost of goods sold | $8,142 | $6,137 |
| Research and development | 9,933 | 7,631 |
| Selling, general and administrative | 5,122 | 5,103 |
| Total depreciation and amortization | $23,197 | $18,871 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.