Comstock reports FY2025 revenue of $1.4M, raises $57.5M in equity, eliminates all debt

Comstock Inc.

FY2025 revenue tripled to $1.4M vs $0.4M in FY2024; total billings over $3.5M.
Raised $57.5M gross ($53M net) in oversubscribed equity financing in early 2026.
Eliminated all debt, including convertible notes; cash $56.1M at March 20, 2026.
Separated Bioleum Corp with $35M from Marathon Petroleum and others; $65M preferred stake.
Expanded board with three independent directors from top shareholders; shares outstanding rose to 74.1M.

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