Local Bounti Corporation/DE
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $48.4M | $38.1M | $27.6M | $19.5M | $638.0K | $82.0K |
| Cost of Revenue | $42.5M | $34.0M | $25.3M | $17.3M | $432.0K | $91.0K |
| Gross Profit | $5.9M | $4.1M | $2.2M | $2.2M | $206.0K | $-9.0K |
| Gross Margin | 12.1% | 10.7% | 8.0% | 11.4% | 32.3% | -11.0% |
| Operating Expenses | ||||||
| Research & Development | $25.6M | $22.3M | $16.1M | $14.1M | $3.4M | $1.1M |
| SG&A Expense | $33.8M | $40.8M | $64.6M | $82.7M | $41.5M | $6.8M |
| Operating Income | $-62.6M | $-59.0M | $-116.9M | $-94.5M | $-44.7M | $-7.9M |
| Operating Margin | -129.5% | -154.6% | -424.2% | -485.4% | -7,008.9% | -9,661.0% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | — | — | — | — | $-56.1M | $-8.4M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-94.4M | $-119.9M | $-124.0M | $-111.1M | $-56.1M | $-8.4M |
| Net Margin | -195.1% | -314.4% | -450.0% | -570.4% | -8,792.0% | -10,254.9% |
| EPS (Basic) | $-5.61 | $-14.14 | $-15.61 | $-16.57 | $-1.06 | $-0.17 |
| EPS (Diluted) | $-5.61 | $-14.14 | $-15.61 | $-16.57 | $-1.06 | $-0.17 |
| Shares Outstanding (Basic) | 16.9M | 8.5M | 7.9M | 6.7M | 52.9M | 49.7M |
| Shares Outstanding (Diluted) | 16.9M | 8.5M | 7.9M | 6.7M | 52.9M | 49.7M |
| Dividends Per Share | — | — | — | — | — | — |