Local Bounti Corporation (LOCL)
NYSE:LOCL
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Local Bounti Corporation
(NYSE:LOCL)
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Rating:47Neutral
Price Target:
$1.50
▼(-31.51% Downside)
Action:ReiteratedDate:04/02/26
The score is held down primarily by weak financial fundamentals—large ongoing losses, negative operating/free cash flow, and a highly leveraged balance sheet with negative equity. Offsetting this are signs of operational improvement and constructive guidance toward positive adjusted EBITDA, plus a modest technical rebound, but valuation support is limited given ongoing losses and no dividend.
Positive Factors
Revenue Growth
Consistent double-digit year-over-year revenue growth (19% in Q3 2025 to $12.2M) indicates the company is scaling production and gaining commercial traction across multiple facilities. Sustained top-line expansion supports improved capacity utilization and durable volume-driven margin upside as operations scale.
Negative Factors
High Leverage and Negative Equity
A materially enlarged debt load (~$536M) alongside negative shareholders' equity severely limits balance-sheet flexibility. This elevates refinancing and covenant risk and increases the probability of dilutive financings or onerous creditor terms, which can restrict investment in growth and imperil long-term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit year-over-year revenue growth (19% in Q3 2025 to $12.2M) indicates the company is scaling production and gaining commercial traction across multiple facilities. Sustained top-line expansion supports improved capacity utilization and durable volume-driven margin upside as operations scale.
Read all positive factors
Local Bounti Corporation (LOCL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.51M
Dividend YieldN/A
Average Volume (3M)47.67K
Price to Earnings (P/E)―
Beta (1Y)-2.67
Revenue Growth31.61%
EPS Growth37.02%
CountryUS
Employees333
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.38
Shares Outstanding22,401,295
10 Day Avg. Volume30,280
30 Day Avg. Volume47,674
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)-2.18
Price to Sales (P/S)7.48
P/FCF Ratio-8.62
Enterprise Value/Market Cap15.54
Enterprise Value/Revenue11.74
Enterprise Value/Gross Profit96.86
Enterprise Value/Ebitda-11.98
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.93
Revenue Forecast (FY)$93.50M
Local Bounti Corporation Business Overview & Revenue Model
Company Description
Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in...
How the Company Makes Money
Local Bounti primarily makes money by selling fresh produce it grows in its controlled-environment facilities. Its core revenue stream is the wholesale distribution of packaged greens (and other produce items it cultivates) to grocery retailers an...
Local Bounti Corporation Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The earnings call indicates strong operational and financial improvements, with significant revenue growth, cost reductions, and strategic partnerships. However, there are ongoing challenges such as sequential revenue constraints and continued EBITDA losses, though these are being addressed with strategic initiatives.Positive Updates
Significant Revenue Growth
Local Bounti reported a 19% year-over-year increase in revenue, reaching $12.2 million for Q3 2025, driven by increased production from Georgia, Texas, and Washington facilities.
Negative Updates
Sequential Revenue Growth Constraints
Sequential revenue growth was limited due to the transition work in Texas, which was completed in July.
Read all updates
Q3-2025 Updates
Positive
Negative
Significant Revenue Growth
Local Bounti reported a 19% year-over-year increase in revenue, reaching $12.2 million for Q3 2025, driven by increased production from Georgia, Texas, and Washington facilities.
Read all positive updates
Company Guidance
During Local Bounti's Third Quarter 2025 Earnings Conference Call, the company reported significant progress, highlighted by a 19% year-over-year revenue growth, reaching $12.2 million. The quarter saw a reduction in adjusted EBITDA loss to $7.2 million from $8.4 million the previous year and an improvement in net loss from $34.3 million to $26.4 million. Local Bounti completed crucial facility upgrades, including the Texas automated harvesting system, boosting labor productivity by approximately 19% and reducing direct labor costs by around 17%. The company also achieved nearly $8 million in annualized cost reductions and anticipates further savings of $1.5 million to $2 million. Looking ahead, Local Bounti aims for positive adjusted EBITDA by early 2026, driven by new product launches, operational efficiencies, and sustained cost discipline.Local Bounti Corporation Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.37M | 38.14M | 27.56M | 19.47M | 638.00K |
| Gross Profit | 5.86M | 4.09M | 2.22M | 2.21M | 206.00K |
| EBITDA | -34.68M | -42.11M | -85.14M | -83.91M | -48.79M |
| Net Income | -94.78M | -119.90M | -124.02M | -111.07M | -56.09M |
Balance Sheet | |||||
| Total Assets | 410.49M | 428.04M | 381.75M | 278.74M | 143.93M |
| Cash, Cash Equivalents and Short-Term Investments | 4.23M | 937.00K | 10.33M | 13.67M | 96.66M |
| Total Debt | 535.52M | 437.16M | 327.42M | 120.08M | 24.31M |
| Total Liabilities | 576.73M | 528.53M | 366.48M | 157.41M | 42.25M |
| Stockholders Equity | -166.24M | -100.50M | 15.27M | 121.33M | 101.68M |
Cash Flow | |||||
| Free Cash Flow | -41.92M | -109.52M | -195.42M | -130.64M | -49.77M |
| Operating Cash Flow | -30.34M | -27.06M | -33.16M | -48.81M | -20.11M |
| Investing Cash Flow | -11.59M | -82.45M | -162.26M | -172.38M | -29.67M |
| Financing Cash Flow | 45.18M | 100.09M | 187.38M | 145.05M | 150.81M |
Local Bounti Corporation Technical Analysis
Positive
2.19
Price Trends
1.57
Positive
1.98
Negative
2.35
Negative
Market Momentum
-0.07
Negative
66.02
Neutral
59.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LOCL, the sentiment is Positive. The current price of 2.19 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.57, and below the 200-day MA of 2.35, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 66.02 is Neutral, neither overbought nor oversold. The STOCH value of 59.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LOCL.
Local Bounti Corporation Risk Analysis
Local Bounti Corporation disclosed 55 risk factors in its most recent earnings report. Local Bounti Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Local Bounti Corporation Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
47 Neutral | $36.51M | -3.81 | 96.71% | ― | 31.61% | 37.02% | |
41 Neutral | $2.77M | -0.08 | -46.64% | ― | -29.40% | -535.63% | |
40 Underperform | $635.88K | -0.52 | -179.10% | ― | -10.77% | 97.27% | |
39 Underperform | $4.56M | ― | ― | ― | ― | ― |
* Consumer Defensive Sector Average
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Local Bounti Corporation Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Local Bounti Secures New Financing and Amends Credit Terms
Positive
Mar 16, 2026
On March 13, 2026, Local Bounti Corporation entered into a Convertible Note and Warrant Purchase Agreement with U.S. Bounti, LLC for a $15.0 million convertible note and a warrant to buy 5,500,000 common shares, with proceeds earmarked for working...
Delistings and Listing ChangesRegulatory Filings and Compliance
Local Bounti Faces NYSE Noncompliance and Delisting Risk
Negative
Feb 11, 2026
On February 5, 2026, Local Bounti Corporation received a notice from the New York Stock Exchange stating that it was no longer in compliance with the exchange’s minimum market capitalization standard because its 30-day average global market ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.