Local Bounti Corporation (LOCL) Research & Development (2021 - 2026)
Local Bounti Corporation (LOCL) posted Research & Development of $2.2 million for Q1 2026, down 58.72% sequentially from $5.4 million in Q4 2025, and up 6.15% YoY from $2.1 million in Q1 2025.
Local Bounti Corporation (LOCL) Research & Development (2021 - 2026) Analysis & Trends
Local Bounti Corporation has reported Research & Development for 6 years, with the latest figure at $2.2 million in Q1 2026.
- Quarterly Research & Development rose 6.15% year-over-year to $2.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.7 million (up 25.68% YoY) and the FY2025 annual result came in at $25.6 million, up 224.02% from the prior year.
- Research & Development retreated to $2.2 million in Q1 2026 per LOCL's latest filing, from $5.4 million in the prior quarter.
- Over five years, Research & Development peaked at $7.1 million in Q3 2024 and troughed at $1.9 million in Q1 2022.
- A 5-year average of $3.7 million and a median of $3.5 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 501.64% in 2022, then tumbled 49.26% in 2024.
- Over 5 years, Research & Development stood at $5.1 million in 2022, then dropped by 22.3% to $4.0 million in 2023, then sank by 49.26% to $2.0 million in 2024, then jumped by 168.98% to $5.4 million in 2025, then slumped by 58.72% to $2.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $2.2 million, $5.4 million, and $6.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Archer-Daniels-Midland | 38.83 Bn | 29.26 Bn | 1.94 Bn | - |
| 2 | Bunge Global | 21.88 Bn | 21.24 Bn | 1.68 Bn | - |
| 3 | Tyson Foods | 16.45 Bn | 15.71 Bn | 921.00 Mn | - |
| 4 | Cal-Maine Foods | 3.94 Bn | 3.83 Bn | 34.07 Mn | - |
| 5 | Del Monte | 1.49 Bn | 1.46 Bn | 121.30 Mn | - |
| 6 | Dole | 1.27 Bn | 976.21 Mn | 195.30 Mn | - |
| 7 | Adecoagro | 1.13 Bn | 898.60 Mn | 97.80 Mn | - |
| 8 | Vital Farms | 453.19 Mn | 431.85 Mn | 10.93 Mn | - |
| 9 | Village Farms International | 313.14 Mn | 240.21 Mn | 29.97 Mn | - |
| 10 | Local Bounti Corporation | 31.40 Mn | 31.40 Mn | 1.05 Mn | 4.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.58 Mn |
| Mar 31, 2026 | 2.24 Mn |
| Dec 31, 2025 | 5.44 Mn |
| Sep 30, 2025 | 6.68 Mn |
| Jun 30, 2025 | 2.39 Mn |
| Mar 31, 2025 | 2.11 Mn |
| Dec 31, 2024 | 2.02 Mn |
| Sep 30, 2024 | 7.10 Mn |
| Jun 30, 2024 | 2.10 Mn |
| Mar 31, 2024 | 3.49 Mn |
| Dec 31, 2023 | 3.98 Mn |
| Sep 30, 2023 | 5.00 Mn |
| Jun 30, 2023 | 3.53 Mn |
| Mar 31, 2023 | 3.58 Mn |
| Dec 31, 2022 | 5.13 Mn |
| Sep 30, 2022 | 3.02 Mn |
| Jun 30, 2022 | 3.07 Mn |
| Mar 31, 2022 | 1.95 Mn |
| Dec 31, 2021 | 852,000.00 |
| Sep 30, 2021 | 1.42 Mn |