Filing Flows › Comstock (LODE) › Q4 2025
Comstock (LODE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Comstock (LODE) reported revenue of $374K for the fourth quarter 2025 (Q4 2025), -77% from a year earlier and +592% from the quarter before.
Comstock, Q4 2025: revenue $374K (-77% year over year), net loss $13.4M, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $374K | +592% | -77% |
| Operating profit | −$13.2M | — | — |
| Net earnings | −$13.4M | — | — |
| Operating cash flow | −$5.9M | — | — |
What changed
Revenue was $374K in Q4 2025, down 77% year over year and up 592% from the previous quarter. Metals Segment was the largest line at 88% of revenue.
Operating costs exceeded revenue by $13.2M, an operating margin of -3533.6%. Total costs fell 22% while revenue fell 77%. The quarter ended with a net loss of $13.4M, wider than the previous quarter's $12.9M loss. Minority interests bore $90K of it: to shareholders the quarter was a loss of $13.3M.
Operating cash flow was −$5.9M. Non-cash charges added back $1.7M of depreciation and amortization. Working capital and other items added $5.8M. Capital expenditures of $707K exceeded it, leaving free cash flow of −$6.6M.
Questions
What was Comstock's revenue in the fourth quarter 2025?
Comstock (LODE) reported revenue of $374K for the fourth quarter 2025 (Q4 2025), -77% from a year earlier and +592% from the quarter before.
Source: Comstock 10-K on SEC EDGAR.