Local Bounti Q1 2026 revenue $13.3M (+15% YoY), net loss improves to $12.7M from $37.7M

Local Bounti Corporation/DE

Revenue $13.3M vs $11.6M prior year; gross profit stable at $1.5M; adjusted gross margin 29%.
Net loss $12.7M vs $37.7M; adjusted EBITDA loss improved 35% to $5.7M.
Received $15M investment from existing strategic investor in March 2026; ended quarter with $18.8M cash.
Secured two new retail accounts including national rollout across 250+ stores; services ~13,000 doors.
Issued U.S. patent for AI-driven growing optimization (Feb 2026); tower upgrades delivered ~10% yield increase.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Local Bounti Corporation/DE reported the three months ended March 31, 2026 results: revenue $11.6 million, net income $37.7 million.

Period: the three months ended March 31, 2026
Revenue: $11.6 million
Net income: $37.7 million
Result: reported results

Exact text from the filing

great position to capture demand for efficient capacity as the industry continues its migration to CEA products.” First Quarter 2026 Financial Summary • Sales increased 15% to $13.3 million in the first quarter of 2026, as compared to $11.6 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Local Bounti Corporation/DE reported the three months ended March 31, 2026 results: revenue $11.6 million, net income $37.7 million.

Period: the three months ended March 31, 2026
Revenue: $11.6 million
Net income: $37.7 million
Result: reported results

Exact text from the filing

the industry continues its migration to CEA products.” First Quarter 2026 Financial Summary • Sales increased 15% to $13.3 million in the first quarter of 2026, as compared to $11.6 million in the prior year period. The increase was due to increased production and growth in sales from the facilities in Georgia, Texas, and Washington. • Gross profit was stable versus

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Local Bounti Corporation/DE filing history →

Source: SEC EDGAR

accession 0001628280-26-034375

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