Filing Flows › Local Bounti (LOCL) › Q1 2025
Local Bounti (LOCL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Local Bounti (LOCL) reported revenue of $11.6M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +15% from the quarter before. Operating margin was -135.6%, net loss $37.7M (324.6% of revenue).
Local Bounti, Q1 2025: revenue $11.6M (+38% year over year), operating margin -135.6%, net loss $37.7M, operating cash flow −$9.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.6M | +15% | +38% |
| Operating profit | −$15.7M | — | — |
| Net earnings | −$37.7M | — | — |
| Operating cash flow | −$9.6M | -874% | — |
What changed
Revenue was $11.6M in Q1 2025, up 38% year over year and up 15% from the previous quarter.
Gross margin was 12.6%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $15.7M, an operating margin of -135.6%. Operating expenses grew 55% against revenue growth of 38%. The fastest-growing cost line was Research & development (+100%). The quarter ended with a net loss of $37.7M, wider than the previous quarter's $36.3M loss. Net interest and other expense of $21.9M was the main reason.
Operating cash flow was −$9.6M. Non-cash charges added back $5.9M of depreciation and amortization and $590K of share-based compensation. Working capital and other items added $21.7M. Capital expenditures of $5.0M exceeded it, leaving free cash flow of −$14.5M.
Questions
What was Local Bounti's revenue in the first quarter 2025?
Local Bounti (LOCL) reported revenue of $11.6M for the first quarter 2025 (Q1 2025), +38% from a year earlier and +15% from the quarter before.
Was Local Bounti profitable in the first quarter 2025?
Operating loss was $15.7M (-135.6% of revenue) and net loss $37.7M.
Source: Local Bounti 10-Q on SEC EDGAR.