Local Bounti

Q2 FY2026 EarningsQ2 FY2026 significantly missed revenue consensus, reporting $13.9M vs. the $22.0M expected, although GAAP EPS of -$0.68 beat the -$0.50 consensus due to improved expense management and lower operating losses. Revenue grew 14% YoY driven by facility expansions in GA, TX, and WA, but adjusted gross margin compressed to 27% from 30% due to temporary packing inefficiencies. Management received an additional $12.5M strategic investment and expects sequential improvements, though reaching positive Adjusted EBITDA remains a future target.