Local Bounti Corporation (LOCL) Stock

Local Bounti Corporation (LOCL) is a Consumer Staples stock trading at $1.06 (as of 2026-07-24), with a market capitalization of $24.28M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Local Bounti Corporation cultivates fresh greens and herbs in the United States, including lettuce and loose-leaf varieties. It sells these products to grocery retailers and to food service distribution channels.

Understand Local Bounti Corporation: how it makes money

Local Bounti grows fresh greens and herbs (including lettuce and loose-leaf lettuce) in the United States and sells them to food retailers and food service distributors to earn revenue from these wholesale product sales.

Local Bounti’s profit engine appears to be scaling both production efficiency (yield, seed cost, and direct labor cost reductions) and sales reach (distribution center commitments and new store rollouts) so it can supply more volume at better unit economics.

Business quality (Mixed): The company is in a scaling phase focused on farm yield and cost improvements plus expanding retail and distribution coverage, but the latest reported operating performance is deeply negative (operating margin -104.5%), which increases execution risk.

Bull case

  • Operational scaling indicators point to improving unit economics: Reported targets and progress metrics include Yield Improvement from Large Scale Trial (10.0 percent), Seed Cost Reduction (20.0 percent), and Direct Labor Cost per Pound Reduction (17.0 percent).
  • Distribution and retailer footprint expansion supports demand: Metrics tracking retail and distribution coverage include Number of Walmart Distribution Centers Served (13.0 count) and Number of Walmart Stores Carrying Premium Baby Leaf Products (89.0 count).

Bear case

  • Operating losses are large versus gross margin: For the period ended 2026-03-31, gross margin was 11.5% while operating margin was -104.5%.
  • Execution risk across both farming and customer rollout: Key operating indicators cover both production outcomes (yield and labor) and commercial coverage (store and distribution center commitments), so delays or underperformance in either area can pressure results.
Valuation — source: SEC EDGAR (first-party)
Price$1.06
Market Cap$24.28M
Price / Sales0.49
FCF Yield-371.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$48.37M
Net Margin-195.1%
Revenue Growth (YoY)26.8%
EPS Growth (YoY)-60.3%
FCF Growth (YoY)-61.7%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.11 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Staples)27.7
Industry P/E (Agriculture)26.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($446712.00)
Institutional Holders Tracked10
Company
SectorConsumer Staples
IndustryAgriculture
CEOKathleen Valiasek
Employees333
CountryUS
IPO Date2021-04-19

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LOCL earnings history · LOCL institutional & insider holders · LOCL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.