Local Bounti Corporation (LOCL) Operating Expenses (2021 - 2026)
Local Bounti Corporation (LOCL) posted Operating Expenses of $15.5 million for Q1 2026, up 4.92% sequentially from $14.7 million in Q4 2025, and down 10.04% YoY from $17.2 million in Q1 2025.
Local Bounti Corporation (LOCL) Operating Expenses (2021 - 2026) Analysis & Trends
Local Bounti Corporation has reported Operating Expenses for 6 years, with the latest figure at $15.5 million in Q1 2026.
- Quarterly Operating Expenses fell 10.04% year-over-year to $15.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $66.8 million (down 3.48% YoY) and the FY2025 annual result came in at $68.5 million, up 8.61% from the prior year.
- Operating Expenses grew to $15.5 million in Q1 2026 per LOCL's latest filing, from $14.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $59.9 million in Q4 2023 and troughed at $11.1 million in Q1 2024.
- A 5-year average of $21.3 million and a median of $19.4 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 611.37% in 2022, then tumbled 71.11% in 2024.
- Over 5 years, Operating Expenses stood at $23.1 million in 2022, then jumped by 159.82% to $59.9 million in 2023, then plunged by 71.11% to $17.3 million in 2024, then declined by 14.85% to $14.7 million in 2025, then increased by 4.92% to $15.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $15.5 million, $14.7 million, and $19.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 38.83 Bn | 29.26 Bn | 1.94 Bn | 1.04 Bn |
| 2 | Bunge Global | 21.88 Bn | 21.24 Bn | 1.68 Bn | 606.00 Mn |
| 3 | Tyson Foods | 16.45 Bn | 15.71 Bn | 921.00 Mn | 559.00 Mn |
| 4 | Cal-Maine Foods | 3.94 Bn | 3.83 Bn | 34.07 Mn | 93.59 Mn |
| 5 | Del Monte | 1.49 Bn | 1.46 Bn | 121.30 Mn | 72.60 Mn |
| 6 | Dole | 1.27 Bn | 976.21 Mn | 195.30 Mn | 148.44 Mn |
| 7 | Adecoagro | 1.13 Bn | 898.60 Mn | 97.80 Mn | -35.83 Mn |
| 8 | Vital Farms | 453.19 Mn | 431.85 Mn | 10.93 Mn | 51.08 Mn |
| 9 | Village Farms International | 313.14 Mn | 240.21 Mn | 29.97 Mn | 18.81 Mn |
| 10 | Local Bounti Corporation | 31.40 Mn | 31.40 Mn | 1.05 Mn | 14.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.99 Mn |
| Mar 31, 2026 | 15.47 Mn |
| Dec 31, 2025 | 14.74 Mn |
| Sep 30, 2025 | 19.63 Mn |
| Jun 30, 2025 | 16.92 Mn |
| Mar 31, 2025 | 17.20 Mn |
| Dec 31, 2024 | 17.31 Mn |
| Sep 30, 2024 | 19.44 Mn |
| Jun 30, 2024 | 15.22 Mn |
| Mar 31, 2024 | 11.09 Mn |
| Dec 31, 2023 | 59.93 Mn |
| Sep 30, 2023 | 19.41 Mn |
| Jun 30, 2023 | 20.23 Mn |
| Mar 31, 2023 | 19.56 Mn |
| Dec 31, 2022 | 23.07 Mn |
| Sep 30, 2022 | 23.26 Mn |
| Jun 30, 2022 | 26.21 Mn |
| Mar 31, 2022 | 24.21 Mn |
| Dec 31, 2021 | 26.83 Mn |
| Sep 30, 2021 | 5.69 Mn |