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.

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