Local Bounti Corporation (LOCL) Interest Expenses (2021 - 2026)
Local Bounti Corporation (LOCL) reported Interest Expenses of $4.0 million for Q1 2026, down 78.59% on a YoY basis from $18.8 million in Q1 2025, and down 3.19% sequentially from $4.2 million in Q4 2025.
Local Bounti Corporation (LOCL) Interest Expenses (2021 - 2026) Analysis & Trends
Local Bounti Corporation (LOCL) has 6 years of Interest Expenses data on file, last reported at $4.0 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses fell 78.59% year-over-year to $4.0 million; the trailing twelve-month figure through Mar 2026 stood at $31.6 million (down 36.48% YoY), and the FY2025 full-year result was $65.2 million, down 32.94% from the prior year.
- Interest Expenses fell to $4.0 million in Q1 2026, from $4.2 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $45.8 million in Q1 2023 to a low of $159000.0 in Q4 2024.
- A 5-year average of $16.8 million and a median of $11.5 million in 2022 frame the typical range for Interest Expenses.
- Across the five-year window, Interest Expenses plunged 95.92% in 2024 and soared 2520.75% in 2025, its largest moves.
- Tracing LOCL's Interest Expenses over 5 years: stood at $10.4 million in 2022, then slumped by 62.58% to $3.9 million in 2023, then sank by 95.92% to $159000.0 in 2024, then soared by 2520.75% to $4.2 million in 2025, then declined by 3.19% to $4.0 million in 2026.
- Business Quant data shows LOCL's Interest Expenses at $4.0 million in Q1 2026, $4.2 million in Q4 2025, and $4.6 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 40.40 Bn | 39.77 Bn | 1.22 Bn | 149.00 Mn |
| 2 | Bunge Global | 22.75 Bn | 21.91 Bn | 766.00 Mn | 186.00 Mn |
| 3 | Cal-Maine Foods | 4.20 Bn | 4.10 Bn | 34.07 Mn | 12.97 Mn |
| 4 | Del Monte | 1.36 Bn | 1.30 Bn | 89.00 Mn | 2.20 Mn |
| 5 | Dole | 1.35 Bn | 1.07 Bn | 184.99 Mn | 13.74 Mn |
| 6 | Adecoagro | 1.04 Bn | 861.99 Mn | 97.80 Mn | -46.22 Mn |
| 7 | Vital Farms | 593.46 Mn | 556.50 Mn | 53.01 Mn | 9.87 Mn |
| 8 | Alico | 297.41 Mn | 244.54 Mn | -4.59 Mn | 1.11 Mn |
| 9 | Forafric Global | 283.82 Mn | 269.52 Mn | - | 7.41 Mn |
| 10 | Local Bounti Corporation | 26.54 Mn | 14.29 Mn | 1.53 Mn | 4.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.03 Mn |
| Mar 31, 2026 | 4.03 Mn |
| Dec 31, 2025 | 4.17 Mn |
| Dec 31, 2025 | 4.17 Mn |
| Jun 30, 2025 | 4.60 Mn |
| Jun 30, 2025 | 4.60 Mn |
| Mar 31, 2025 | 18.84 Mn |
| Mar 31, 2025 | 18.84 Mn |
| Dec 31, 2024 | 159,000.00 |
| Dec 31, 2024 | 159,000.00 |
| Sep 30, 2024 | 18.31 Mn |
| Sep 30, 2024 | 18.31 Mn |
| Jun 30, 2024 | 12.50 Mn |
| Jun 30, 2024 | 12.50 Mn |
| Mar 31, 2024 | 9.61 Mn |
| Mar 31, 2024 | 9.61 Mn |
| Dec 31, 2023 | 3.90 Mn |
| Dec 31, 2023 | 3.90 Mn |
| Sep 30, 2023 | 41.64 Mn |
| Sep 30, 2023 | 41.64 Mn |