Local Bounti
Grows lettuce and herbs through a hybrid vertical-farm and greenhouse model.
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Profile
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
Categories
Key statistics
Year to date −54.1% · Average volume (30d) 19.4K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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 | −$0.53 | 0.0% | $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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 12.6% | 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
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
Shares outstanding 22.80M · Float 1.95M · 8.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Charles R. Schwab | 29.42M | 84.40% | 13D | Aug 10, 2026 |
| Craig M. Hurlbert | 1.68M | 7.40% | 13D | Jul 2, 2026 |
| Kathleen Valiasek · officer: President and CEO | 1.52M | 6.69% | Form 4 | Jul 2, 2026 |
| Dane Almassy · officer: Chief Commercial Officer | 300.0K | 1.32% | Form 4 | Sep 3, 2025 |
| Pamela Brewster · director | 266.1K | 1.17% | Form 4 | Jun 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Charles R. Schwab | 10 percent owner | +1,000,000 | $0.1250 |
| Jul 2, 2026 | Kathleen Valiasek | officer: President and CEO | −118,720 | $1.30 |
| Apr 1, 2026 | Kathleen Valiasek | officer: President and CEO | −200,000 | $1.16 |
| Apr 1, 2026 | Craig M. Hurlbert | director, officer: Executive Chairman | −100,000 | $1.16 |
| Mar 13, 2026 | Charles R. Schwab | 10 percent owner | +5,500,000 | $0.1250 |
Peers
- Del Monte
Fresh-cut salads and leafy vegetables in North American retail
- Edible Garden
CEA herbs and locally grown produce for US retail
- Village Farms International
Greenhouse produce supplied to retail supermarkets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Local Bounti | $0.9850 | −0.76% | $22.6M | — | — | 0.4 | +14.4% |
| Del Monte | $31.87 | −0.03% | $1.50B | 44.3 | — | 0.3 | +3.1% |
| Edible Garden | $1.45 | −1.29% | $179.9K | — | — | 0.0 | +12.8% |
| Village Farms International | $2.95 | +1.90% | $354.5M | 15.5 | 14.6 | 1.5 | +6.8% |
| Median | 29.9 | 14.6 | 0.3 | +6.8% |





