Local Bounti (LOCL)
Grows lettuce and herbs through a hybrid vertical-farm and greenhouse model.
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Sells living lettuce, herbs, and loose leaf lettuce grown through a hybrid vertical-farm and hydroponic-greenhouse model. Revenue comes from company-operated facilities in Georgia, Texas, and Washington.
Produces living lettuce, herbs, and loose leaf lettuce in controlled environments. Its Stack & Flow Technology combines vertical farming with hydroponic greenhouse farming from growing through packaging. The approach covers production, harvesting, and post-harvest packaging.
Revenue comes from produce grown at facilities in Georgia, Texas, and Washington, concentrating operations in the United States. The company develops and tests commercial-scale production, harvesting, and post-harvest packaging processes at those facilities.
Sales and costs depend on facility production and ramp-up, including newer Texas and Washington operations. Debt agreements impose financial and non-financial covenants and liquidity-related obligations, making financing terms a structural dependency.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.6M · Total debt $489.7M · Total assets $402.7M · Shareholders' equity −$196.9M
- Revenue
- $13.9M
- Operating income
- −$13.9M
- Net income
- −$19.8M
No dividends on record.
| Institutions | 4.62% | 1.08M shares | |
|---|---|---|---|
| 24 holders · as of Jun 30, 2026 | |||
| Insiders | 22.09% | 5.17M shares | |
| 12 holders · as of Jul 2, 2026 | |||
| Strategic holders | 0.75% | 174.4K shares | |
| 1 holder · as of Nov 9, 2021 | |||
| Other | 72.54% | 16.96M shares | |
| remainder | |||
23.38M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Craig M. Hurlbert1Insiderdirector, officer: Executive Chairman | 7.20% | 1.68M | filed Jul 2, 2026 |
Kathleen ValiasekInsiderofficer: President and CEO | 6.52% | 1.52M | filed Jul 2, 2026 |
Charles R. Jr. SchwabInsiderdirector | 2.59% | 606,699 | filed Jun 12, 2026 |
Dane AlmassyInsiderofficer: Chief Commercial Officer | 1.28% | 300,000 | filed Sep 3, 2025 |
Pamela BrewsterInsiderdirector | 1.14% | 266,124 | filed Jun 12, 2026 |
- Craig M. Hurlbert's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.68M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Charles R. Schwab | 10 percent owner | +1,000,000 | $0.1250 |
| Jul 2, 2026 | Kathleen Valiasek | officer: President and CEO | −118,720 | $1.30 |
| Apr 1, 2026 | Kathleen Valiasek | officer: President and CEO | −200,000 | $1.16 |
| Apr 1, 2026 | Craig M. Hurlbert | director, officer: Executive Chairman | −100,000 | $1.16 |
| Mar 13, 2026 | Charles R. Schwab | 10 percent owner | +5,500,000 | $0.1250 |
- Del Monte
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- Edible Garden
CEA herbs and locally grown produce for US retail
- Village Farms International
Greenhouse produce supplied to retail supermarkets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Local Bounti | $1.10 | +1.85% | $24.6M | — | — | 0.5 | +14.4% |
| Del Monte | $31.54 | +1.53% | $1.46B | 43.1 | — | 0.3 | +3.1% |
| Edible Garden | $1.24 | −8.52% | $164.1K | — | — | 0.0 | +12.8% |
| Village Farms International | $3.04 | +5.38% | $350.8M | 15.3 | 15.3 | 1.5 | +6.8% |
| Median | 29.2 | 15.3 | 0.3 | +6.8% |