---
title: "Local Bounti Corporation 1Q 2026: Revenue $13.34M, EPS ($0.53) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286561674.md"
description: "Local Bounti Corporation reported Q1 2026 revenue of $13.34M, a 14.9% increase year-over-year, with a net loss of $12.72M, improving from $38.08M last year. Diluted EPS was ($0.53), up from ($4.32). Growth was driven by production increases and expanded distribution to 13,000 retail doors. The company also secured a U.S. patent for AI technology to enhance its hybrid growing process."
datetime: "2026-05-15T12:01:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286561674.md)
  - [en](https://longbridge.com/en/news/286561674.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286561674.md)
---

# Local Bounti Corporation 1Q 2026: Revenue $13.34M, EPS ($0.53) — 10-Q Summary

Local Bounti Corporation reported first-quarter 2026 results with revenue of $13.34M, a 14.9% increase versus the prior-year quarter, and a net loss attributable to common stockholders of ($12.72M), narrowing from ($38.08M) a year earlier. Diluted loss per share was ($0.53) versus ($4.32) in the prior-year quarter.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$13.34M

$11.61M

14.9%

Net income²

($12.72M)

($38.08M)

66.6%

Diluted EPS³

($0.53)

($4.32)

87.7%

_¹ Reported as “Sales”. ² Reported as “Net loss attributable to common stockholders”. ³ Reported as “Net loss applicable to common stockholders per common share”._

**Business Highlights**

-   Revenue growth was driven by increased production at Georgia, Texas and Washington facilities.
-   Distribution expanded to roughly 13,000 retail doors, with multiple new national and regional retail accounts added in Q1 2026.
-   Product momentum included a 75% velocity increase for the 10oz Romano Caesar kit and launches of arugula and other new products.
-   Operational upgrades — tower improvements and expansions — boosted run-rate yield by about 10%; California facility upgrades target up to 20% yield gains.
-   Company secured a U.S. patent for AI/computer-vision technology optimizing its hybrid grow process, deployed across facilities to improve consistency.

Original SEC Filing: Local Bounti Corporation/DE \[ LOCL \] - 10-Q - May. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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