Filing Flows › Local Bounti (LOCL) › Q1 2026
Local Bounti (LOCL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Local Bounti (LOCL) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +7% from the quarter before. Operating margin was -104.5%, net loss $12.7M (95.4% of revenue).
Local Bounti, Q1 2026: revenue $13.3M (+15% year over year), operating margin -104.5%, net loss $12.7M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.3M | +7% | +15% |
| Operating profit | −$13.9M | — | — |
| Net earnings | −$12.7M | — | — |
| Operating cash flow | −$6.1M | — | — |
What changed
Revenue was $13.3M in Q1 2026, up 15% year over year and up 7% from the previous quarter.
Gross margin was 11.5%, down 1.1 points from Q1 2025. Operating costs exceeded revenue by $13.9M, an operating margin of -104.5%. Operating expenses fell 10% while revenue rose 15%. The quarter ended with a net loss of $12.7M, wider than the previous quarter's $8.7M loss.
Operating cash flow was −$6.1M. Non-cash charges added back $5.6M of depreciation and amortization and $1.0M of share-based compensation. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$7.2M.
Questions
What was Local Bounti's revenue in the first quarter 2026?
Local Bounti (LOCL) reported revenue of $13.3M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +7% from the quarter before.
Was Local Bounti profitable in the first quarter 2026?
Operating loss was $13.9M (-104.5% of revenue) and net loss $12.7M.
Source: Local Bounti 10-Q on SEC EDGAR.