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Comstock (LODE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 23, 2026 · Comstock (LODE) Q2 2026 earnings results →
Q2 2026 Revenue down 20% year over year to $273K
Comstock made $273K in Q2 2026 (-20% Y/Y): Decommissioning Services $132K, Recycling $66K, Off-take $38K. Operating margin n/m, net loss $25.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 23, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $273K in Q2 2026, down 20% year over year and down 13% from the previous quarter. Decommissioning Services was the largest line at 48% of revenue. Decommissioning Services lost $165K year over year (down 56%), 248% of the total change.
Operating costs exceeded revenue by $26.9M, an operating margin of -9872.8%. Total costs grew 240% against a revenue fall of 20%. The fastest-growing cost line was Other operating costs (+3657%). The quarter ended with a net loss of $25.5M, wider than the previous quarter's $9.4M loss.
Operating cash flow was −$10.1M. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $14.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 23, 2026 | $273K | -20% | n/m | −$25.5M | −$10.1M |
| Q1 2026 | 10-Q | May 7, 2026 | $313K | -60% | n/m | −$9.4M | −$5.8M |
| Q4 2025 | 10-K | Mar 24, 2026 | $374K | -77% | n/m | −$13.4M | −$5.9M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $54K | -90% | n/m | −$12.9M | −$8.7M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $340K | -22% | n/m | −$7.8M | −$4.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $786K | +84% | -895.7% | −$9.1M | −$5.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Comstock
Comstock commercializes innovative technologies, systems and supply chains that extract, process, and convert under-utilized waste and natural resources into clean energy and supporting products, including sustainable solutions that produce renewed and repurposed electrification metals and minerals from end-of-life solar panels. Bioleum Corporation (“Bioleum”), the Company's subsidiary, seeks to commercialize technologies that produce renewable fuels from waste, energy crops and other forms of woody biomass. We approach the challenge of sustainability head-on by innovating, developing and commercializing technologies that accomplish more while utilizing fewer natural resources, protecting our ecosystem from the negative impact of carbon emissions and toxic materials, and enabling and empowering the next industrial revolution.
In its own words, from its 10-K, filed Mar 24, 2026.
Comstock against its Industrial Organic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -20% against the peers' median +4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LODE Comstock | Q2 2026 | $273K | -20% | n/m |
| LYB LyondellBasell Industries N.V. | Q3 2026 | $8.5B | +10% | 12.6% |
| WLK Westlake | Q3 2026 | $3.0B | +5% | 1.4% |
| IFF International Flavors & Fragrances | Q3 2026 | $1.9B | +4% | 8.2% |
| Union Carbide | Q3 2026 | $1.5B | +38% | 29.6% |
| NEU Newmarket | Q3 2026 | $717M | +4% | 20.0% |
| GPRE Green Plains | Q3 2026 | $496M | -2% | 18.7% |
| SXT Sensient Technologies | Q3 2026 | $456M | +11% | 15.9% |
| WLKP Westlake Chemical Partners LP | Q3 2026 | $314M | +2% | 30.4% |
Source: Comstock 10-Q on SEC EDGAR · CIK 1120970 · Industrial Organic Chemicals
Guidance and outlook
13F: who owns LODE and who is buying
More on LODE
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results