Local Bounti Corporation
LOCL Consumer Defensive Farm Products
Local Bounti Corporation’s revenue for fiscal 2025 (year ended December 2025) was $48.4 million, up 26.8% from fiscal 2024. In the quarter to June 2026, revenue grew 14.4%, EPS grew 58.3%, free cash flow grew 42.5% and total debt rose 2.31%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Local Bounti Corporation (LOCL) Altman Z-score
Local Bounti Corporation's Altman Z-score for fiscal 2025 is −2.10, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −2.10 | (0.26) |
| FY2024 | −1.83 | 0.21 |
| FY2023 | −2.04 | (0.60) |
| FY2022 | −1.44 | (5.33) |
| FY2021 | 3.89 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.01 | — | 0.02 | |
| Retained earnings / total assets | (1.26) | — | −1.77 | |
| EBIT / total assets | (0.15) | — | −0.50 | |
| Market value of equity / total liabilities | 0.06 | — | 0.04 | |
| Sales / total assets | 0.12 | — | 0.12 | |
| Altman Z-score | Distress zone | −2.10 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.35 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AGRZ Agroz Inc. compare | 2.6× |
| PFAI Pinnacle Food Group Limited compare | 2.2× |
| LMNR Limoneira Co compare | 1.6× |
| AQB AquaBounty Technologies, Inc. compare | 0.5× |
| ALCO Alico, Inc. compare | −0.4× |
| LOCL Local Bounti Corporation | −2.1× |
| EDBL Edible Garden AG Incorporated compare | −5.8× |
| SDOT Sadot Group Inc. compare | −68.9× |
| PME Pingtan Marine Enterprise Ltd. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets