--- title: "Local Bounti | 8-K: FY2026 Q1 Revenue: USD 13.34 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286254289.md" datetime: "2026-05-13T11:45:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286254289.md) - [en](https://longbridge.com/en/news/286254289.md) - [zh-HK](https://longbridge.com/zh-HK/news/286254289.md) --- # Local Bounti | 8-K: FY2026 Q1 Revenue: USD 13.34 M Revenue: As of FY2026 Q1, the actual value is USD 13.34 M. EPS: As of FY2026 Q1, the actual value is USD -0.53, meeting the estimate of USD -0.53. EBIT: As of FY2026 Q1, the actual value is USD -9.9 M. #### Revenue Local Bounti Corporation’s sales increased by 15% to $13.3 million in the first quarter of 2026, compared to $11.6 million in the prior year period, driven by increased production and growth in sales from facilities in Georgia, Texas, and Washington . #### Gross Profit and Margin Gross profit remained stable at $1.5 million in the first quarter of 2026 compared to the prior year period . The adjusted gross margin percentage, excluding depreciation, stock-based compensation, and other non-core items, was stable at 29% for both the first quarter of 2026 and the prior year period . #### Operating Expenses General and administrative expenses decreased by $0.6 million to $7.5 million in the first quarter of 2026, down from $8.1 million in the prior year period, primarily due to general cost savings measures . Adjusted general and administrative expense, which excludes stock-based compensation, depreciation and amortization, and other non-core items, decreased by 30% to $4.1 million, compared to $5.8 million in the prior year period . Research and development expenses were $5.7 million in Q1 2026, down from $7.0 million in Q1 2025 . Sales and marketing expenses were $2.2 million in Q1 2026, up from $2.1 million in Q1 2025 . Total operating expenses for Q1 2026 were $15.5 million, compared to $17.2 million in Q1 2025 . #### Net Loss Net loss decreased significantly to - $12.7 million in the first quarter of 2026, compared to a net loss of - $37.7 million for the prior year period . This improvement was primarily due to a - $14.8 million reduction in net interest expense, resulting from debt restructuring activities completed in the first quarter of 2025 . Net loss attributable to common stockholders was - $12.7 million in Q1 2026, compared to - $38.1 million in Q1 2025 . #### Adjusted EBITDA Adjusted EBITDA loss improved by 35% to - $5.7 million in the first quarter of 2026, compared to a loss of - $8.8 million in the prior year period . #### Other Financial Items Net interest expense was - $4.0 million in Q1 2026, a substantial decrease from - $18.8 million in Q1 2025 . The change in fair value of warrant liabilities resulted in a gain of $5.2 million in Q1 2026, contrasting with a loss of - $3.5 million in Q1 2025 . #### Cash and Capital Structure Local Bounti Corporation ended the first quarter of 2026 with cash and cash equivalents and restricted cash totaling $18.8 million as of March 31, 2026 . In March 2026, the company received a $15 million investment from an existing strategic investor . #### Operational Metrics Local Bounti Corporation currently services approximately 13,000 retail doors . Tower upgrades completed in Q4 2025 across facilities in Georgia, Texas, and Washington resulted in an approximate 10% increase in run-rate yield capacity . The company secured and launched programs with two additional retail accounts in Q1 2026, including a national retailer covering over 250 stores with a six SKU rollout . In February 2026, Local Bounti Corporation was issued U.S. Patent No. 12,557,741 for optimizing the growing process using computer vision and artificial intelligence . #### Financial Outlook Local Bounti Corporation expects continued sequential improvements in revenue and adjusted EBITDA loss rate throughout 2026, driven by ongoing sales growth, cost reduction initiatives, and the ramp-up of its facilities network . Achieving positive adjusted EBITDA remains a key priority, with management believing the current financial performance trajectory positions the company to reach this objective . ### Related Stocks - [LOCL.US](https://longbridge.com/en/quote/LOCL.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Apache Corporation Tree Grant Program Opens U.S. Applications for 2026-2027 Planting Season | APA Stock News](https://longbridge.com/en/news/286801066.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)