Filing Flows › Comstock (LODE) › Q3 2025
Comstock (LODE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Comstock (LODE) reported revenue of $54K for the third quarter 2025 (Q3 2025), -90% from a year earlier and -84% from the quarter before.
Comstock, Q3 2025: revenue $54K (-90% year over year), net loss $12.9M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54K | -84% | -90% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | −$8.7M | — | — |
What changed
Revenue was $54K in Q3 2025, down 90% year over year and down 84% from the previous quarter. Mining and Real Estate was the largest line at 64% of revenue. Mining and Real Estate lost $393K year over year (down 92%), 78% of the total change.
Operating costs exceeded revenue by $10.2M, an operating margin of -18889.3%. Total costs fell 28% while revenue fell 90%. The fastest-growing cost line was Sales & marketing (+149%). The quarter ended with a net loss of $12.9M, wider than the previous quarter's $7.8M loss.
Operating cash flow was −$8.7M. Non-cash charges added back $1.2M of depreciation and amortization. Working capital and other items added $3.0M. Capital expenditures of $921K exceeded it, leaving free cash flow of −$9.6M.
Questions
What was Comstock's revenue in the third quarter 2025?
Comstock (LODE) reported revenue of $54K for the third quarter 2025 (Q3 2025), -90% from a year earlier and -84% from the quarter before.
Source: Comstock 10-Q on SEC EDGAR.