Local Bounti (NYSE:LOCL) Posts Quarterly Earnings Results, Hits Expectations

Posted by Stanley Muller on May 14th, 2026

Local Bounti (NYSE:LOCL – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported ($0.53) EPS for the quarter, meeting analysts’ consensus estimates of ($0.53), Zacks reports. The business had revenue of $13.34 million during the quarter, compared to analyst estimates of $19.00 million.

Here are the key takeaways from Local Bounti’s conference call:

Local Bounti reported Q1 revenue of $13.3 million, up 15% year over year and about 7% sequentially, driven by more consistent production across its facility network.
Adjusted EBITDA loss improved 35% to $5.7 million, while adjusted G&A fell meaningfully, showing operating leverage as the company scales.
Management said all three facilities are running at full harvestable capacity with committed customer demand, and yields reached the highest levels in company history after technology and tower upgrades.
The company highlighted commercial momentum, including launches of two new retail accounts, extensions of existing supply agreements, and additional distribution wins for its Caesar Romano Salad Kit and other key products.
Local Bounti closed a $15 million investment from an existing strategic investor, which management says adds flexibility to pursue growth and partnership opportunities while continuing toward positive adjusted EBITDA.

Local Bounti Stock Performance

NYSE LOCL traded up $0.40 during mid-day trading on Thursday, reaching $1.87. 408,986 shares of the stock were exchanged, compared to its average volume of 971,843. The stock has a market capitalization of $41.96 million, a PE ratio of -0.25 and a beta of 2.78. Local Bounti has a 1-year low of $0.98 and a 1-year high of $4.00. The business’s fifty day simple moving average is $1.53 and its 200 day simple moving average is $2.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Local Bounti from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Research Report on Local Bounti

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Local Bounti stock. Walleye Trading LLC acquired a new position in shares of Local Bounti Corporation (NYSE:LOCL – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 23,364 shares of the company’s stock, valued at approximately $50,000. Walleye Trading LLC owned about 0.10% of Local Bounti as of its most recent SEC filing. 28.01% of the stock is currently owned by institutional investors.

Local Bounti Company Profile

(Get Free Report)

Local Bounti Inc is a technology-driven indoor farming company that cultivates non-GMO leafy greens, microgreens and culinary herbs in controlled environment agriculture (CEA) facilities. By leveraging its proprietary Hybrid Growing System, the company maintains precise control over lighting, temperature and nutrient delivery, enabling year-round production of high-quality produce free from pesticides and seasonality constraints.

Headquartered in Montana, Local Bounti operates multiple cultivation centers across the United States, each designed to maximize water efficiency and minimize land use.