---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-009779"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T08:58:04.049840+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-009779
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000143774926009779/0001437749-26-009779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000143774926009779/lode20260223_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-009779
- JSON: https://secwatch.observer/filing/0001437749-26-009779.json
- Plain text: https://secwatch.observer/filing/0001437749-26-009779.txt

## Key facts
- Earnings Releases
  Comstock Inc. reported financial results for fiscal year ended December 31, 2025.
  - Period: fiscal year ended December 31, 2025
  - Result: reported results
  source text: On March 24, 2026, Comstock Inc. announced its results of operations for the fiscal year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000143774926009779/0001437749-26-009779-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.