LOCL · NYSE · Agricultural Farm Products

Local Bounti

Grows lettuce and herbs through a hybrid vertical-farm and greenhouse model.

$0.9850
After-hours close−0.01 (−0.76%)
At close$0.9925(+0.46%)
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Profile

Local Bounti CorporationLOCLConsumer Staples

Sells living lettuce, herbs, and loose leaf lettuce grown through a hybrid vertical-farm and hydroponic-greenhouse model. Revenue comes from company-operated facilities in Georgia, Texas, and Washington.

Produces living lettuce, herbs, and loose leaf lettuce in controlled environments. Its Stack & Flow Technology combines vertical farming with hydroponic greenhouse farming from growing through packaging. The approach covers production, harvesting, and post-harvest packaging.

Revenue comes from produce grown at facilities in Georgia, Texas, and Washington, concentrating operations in the United States. The company develops and tests commercial-scale production, harvesting, and post-harvest packaging processes at those facilities.

Sales and costs depend on facility production and ramp-up, including newer Texas and Washington operations. Debt agreements impose financial and non-financial covenants and liquidity-related obligations, making financing terms a structural dependency.

Company facts

CEOKathleen Valiasek
ListedNov 19, 2021
ExchangeNYSE
HeadquartersHamilton, MT
CountryUnited States
Employees286
CIK0001840780
ISINUS53960E2054

Key statistics

Market cap$22.6M
EPS (ttm)−$2.77
P/E (ttm)−0.3586
ROE38.7%
P/B−0.1467
P/S0.4368
Dividend yield
Beta0.73vs XLP −0.34

Year to date −54.1% · Average volume (30d) 19.4K

Analysts

Price target, next 12 months$1,436.50+145,001.0%Median of 6 analysts · vs the Aug 28 close
ConsensusBuy4 of 6 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

No analyst notes in the last 24 months.

Earnings

EPS

Estimate−$0.47
ReportedDue Nov 11, 2026

Revenue

Estimate$25.0M
ReportedDue Nov 11, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 12, 2026Q2 FY26−$0.50−$0.68−36.0%$22.0M$13.9M−37.0%−15.87%
May 13, 2026Q1 FY26−$0.53−$0.530.0%$19.0M$13.3M−29.8%+26.53%
Mar 25, 2026Q4 FY25−$0.60−$0.38+36.7%$15.0M$12.5M−17.0%−0.87%
Nov 12, 2025Q3 FY25−$0.65−$1.18−81.5%$12.5M$12.2M−2.4%−6.46%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$11.6M$12.1M$12.2M$12.5M$13.3M$13.9M
Gross profit$1.5M$1.5M$1.4M$1.5M$1.5M$1.0M
Operating income−$15.7M−$15.5M−$18.2M−$13.2M−$13.9M−$13.9M
Net income−$37.7M−$21.6M−$26.4M−$8.7M−$12.7M−$19.8M
Diluted EPS−$4.32−$1.95−$1.18−$0.38−$0.53−$0.68
Gross margin12.6%12.2%11.5%12.2%11.5%7.6%
Operating margin-135.6%-127.7%-149.4%-106.1%-104.5%-100.7%

Fiscal years (4-quarter sums)FY21 $638.0K · FY22 $19.5M · FY23 $27.6M · FY24 $38.1M · FY25 $48.4M

Revenue by product · Q2 FY26

Reportable Segment$13.9M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $3.6M · Total debt $489.7M · Total assets $402.7M · Shareholders' equity −$196.9M

Dividends

No dividends on record.

Ownership

Institutions 4.59%1.05M sharesInsiders 18.85%4.30M sharesOther 76.56%17.45M shares

Shares outstanding 22.80M · Float 1.95M · 8.6% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Charles R. Schwab29.42M84.40%13DAug 10, 2026
Craig M. Hurlbert1.68M7.40%13DJul 2, 2026
Kathleen Valiasek · officer: President and CEO1.52M6.69%Form 4Jul 2, 2026
Dane Almassy · officer: Chief Commercial Officer300.0K1.32%Form 4Sep 3, 2025
Pamela Brewster · director266.1K1.17%Form 4Jun 12, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 7, 2026Charles R. Schwab10 percent owner+1,000,000$0.1250
Jul 2, 2026Kathleen Valiasekofficer: President and CEO−118,720$1.30
Apr 1, 2026Kathleen Valiasekofficer: President and CEO−200,000$1.16
Apr 1, 2026Craig M. Hurlbertdirector, officer: Executive Chairman−100,000$1.16
Mar 13, 2026Charles R. Schwab10 percent owner+5,500,000$0.1250
View details

Peers

CompareAfter-hours close

CompanyPriceChange
Local Bounti$0.9850−0.76%$22.6M0.4+14.4%
Del Monte$31.87−0.03%$1.50B44.30.3+3.1%
Edible Garden$1.45−1.29%$179.9K0.0+12.8%
Village Farms International$2.95+1.90%$354.5M15.514.61.5+6.8%
Median29.914.60.3+6.8%