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Comstock Inc.

LODE Basic Materials Other Precious Metals & Mining

Comstock Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 million, down 48.5% from fiscal 2024.

Revenue
+578.8%
EPS
+96.8%
Free cash flow
−22.4%
Total debt
−50.8%

Quarter to September 2026, against a year earlier

1.98 0.26 +15.12%
Market cap
$130.7M
P/E
0.0×
Fwd P/E
−10.9×
Dividend yield
—
F-score
3/9
Altman Z
−2.37
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 4.29
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 — 2 5 — 1 — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.76%

Capital & Financial Ratios $m

Size
Market Cap 130.71
Revenue ttm 1.33
Net income ttm (48.96)
Free cash flow ttm (31.22)
Net debt Q (39.45)
Valuation
P/E 0.00
Forward P/E (10.90) (negative: loss-making)
Price / sales 99.00 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.93
Financial health
Current ratio Q 3.31 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 12.82
Growth
Revenue growth Q +578.84% (above 0%: growing)
Operating income growth Q +121.17% (above 0%: growing)
EPS, this year +48.29% (at or above 15%: strong)
EPS, next year A +45.45% (at or above 15%: strong)
Revenue, next year A +303.78% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 78.8×, against a ten-year median of 86.8×; over the ten years it ranged from 3.2× in 2016 to 805× in 2021.
P/S against its own 10 years 65.68%
10-year low 10-year high
P/B against its own 10 years 36.23%
10-year low 10-year high
EV/Sales against its own 10 years 46.79%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 23 1 17 39
Receivables 0 2 1 1
Inventory — — — —
Other 0 9 2 —
23 13 21 48
2023 2024 2025 Q'26
Payables 1 3 2 3
ST’ Debt 4 0 — —
Other 6 — 0 —
15 8 10 14

Compound Annual Growth %

10y 5y 3y
Sales (21.94%) 50.43% 105.82%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 19.45% 28.40% 25.31%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.06 Actual −0.01

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.18 −0.24 Miss by 0.06
Q1 FY26 −0.18 −0.14 Beat by 0.04
Q2 FY26 −0.12 −0.13 Miss by 0.01
Q3 FY26 0.06 −0.01 Miss by 0.07
Q4 FY26 −0.12 — Reports 23 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.14) (0.34) (0.01) — —
’25 (0.37) (0.27) (0.31) (0.24) (1.17)
’24 (0.60) (0.60) (0.80) (1.05) (3.21)
’23 (0.60) (0.50) 1.10 0.80 0.90
’22 (0.90) (2.00) (0.70) (2.60) (6.20)
’21 2.20 (1.50) (1.70) (3.20) (4.90)
’20 (0.10) 0.50 5.40 (0.86) 4.90
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 0 — —
’25 1 0 0 0 2
’24 0 0 1 2 3
’23 0 0 1 0 1
’22 0 0 0 0 0
’21 0 0 0 0 1
’20 0 0 0 0 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (10) (9) — —
’25 (5) (5) (9) (6) (24)
’24 (4) (2) (4) (4) (14)
’23 (4) (3) (5) (2) (14)
’22 (4) (4) (4) 0 (12)
’21 (2) (1) (2) (3) (7)
’20 0 0 (2) (1) (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (14) (9) (9) — —
’25 (5) (5) (8) (7) (25)
’24 (4) (2) (4) (4) (14)
’23 (5) (15) 28 (24) (16)
’22 (5) (4) (4) (2) (15)
’21 (2) (1) (2) (3) (8)
’20 0 0 (2) (1) (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5 0 0 0 0 1 0 1 3 2 1 (12.3%) 6 32 84 +277.5%
Gross margin, % 7.53 (3,222.91) (1,767.13) (755.35) 74.27 68.44 100.00 100.00 85.01 (69.07) 0.00 (76.6) pt
EBT (13) (11) (9) (4) 15 (30) (47) 11 (53) (43) (49) +14.3%
EBT margin, % (255.70) (10,140.17) (6,307.92) (2,119.10) 7,403.07 (3,517.94) (26,228.00) 825.98 (1,770.54) (2,778.15) (3,687.11) (2,522.5) pt
Net income (13) (11) (9) (4) 15 (25) (47) 11 (53) (43) (49) +14.3%
Per share, $
Per share, $ Revenue 7.18 0.13 0.13 0.09 0.07 0.17 0.02 0.12 0.18 0.04 0.02 (43.5%)
Earnings (17.50) (13.00) (8.00) (2.00) 4.90 (4.90) (6.20) 0.90 (3.21) (1.17) (0.73) (26.0%)
Cash flow (3.68) (7.94) (3.38) (1.19) (1.23) (1.49) (1.63) (1.30) (0.84) (0.66) (0.41) (17.3%)
Capex 3.60 1.19 (1.37) (1.25) (0.01) (0.02) (0.42) (0.19) (0.01) (0.02) 0.00 n/m
Free cash flow (0.08) (6.75) (4.74) (2.44) (1.24) (1.50) (2.05) (1.49) (0.85) (0.68) (0.41) +26.9%
Book value 20.41 14.43 7.87 12.07 10.41 18.44 7.57 7.45 3.60 3.02 1.85 (19.1%)
Shares, m 1 1 1 2 3 5 7 11 17 37 64 +55.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 2.11 0.00 0.00 7.08 0.00 0.00 0.00 0.9
P/S 9.00 159.54 52.77 47.75 157.40 75.44 123.26 46.69 44.12 88.83 99.00 80.5
P/B 3.16 1.40 0.85 0.37 1.00 0.70 0.39 0.76 2.23 1.24 0.93 1.2
EV/Sales 10.83 238.04 110.51 72.21 143.50 87.85 155.82 36.61 46.62 86.79 78.84 98.9
EV/FCF (970.17) (4.05) (2.94) (2.74) (7.63) (10.00) (1.82) (2.98) (9.79) (5.38) (2.74) (101.7)
Cash, $m
Cash, $m Operating cash flow (3) (7) (4) (2) (4) (7) (12) (14) (14) (24) (31) +28.3%
Capex 3 1 (2) (2) 0 0 (3) (2) 0 (1) (7) n/m
Free cash flow 0 (6) (6) (5) (4) (8) (15) (16) (14) (25) (31) +96.8%
Balance, $m
Balance, $m Working capital 6 7 6 9 16 (10) (1) 8 4 11 33 +7.5%
Net debt 9 8 9 4 (3) 11 6 (13) 8 (5) (39) n/m
Shareholders’ equity 14 12 9 23 32 93 56 78 60 111 141 +25.4%
Returns, %
Returns, % ROA (33.65) (32.64) (31.83) (11.16) 36.11 (28.91) (40.48) 8.87 (53.92) (33.02) (27.24) +0.6 pt
ROIC (26.93) (27.66) (25.60) (11.98) (11.81) (3.86) (19.47) (12.04) (36.84) (22.50) (28.96) +4.4 pt
ROE (78.16) (80.48) (89.23) (23.15) 54.03 (39.41) (61.54) 13.61 (77.25) (50.48) (37.24) +27.7 pt
People
People Employees 12 12 12 10 9 32 33 36 46 45 — +15.8%
Revenue/emp, $m 0.42 0.01 0.01 0.02 0.02 0.03 0.01 0.04 0.07 0.03 — (24.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Comstock Inc. vs peers in Other Precious Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMET Versamet Royalties Corporation $971.9M 23.0× — +391.88% (above 0%: growing) +2,677.78% (above 0%: growing) +778.57% (above 0%: growing) 58.96% 58.04% Compare
MUX McEwen Inc. $912.4M 10.9× 15.1× +26.84% (above 0%: growing) +166.67% (above 0%: growing) +328.14% (above 0%: growing) 33.90% 13.01% Compare
ASM Avino Silver $777.9M 16.5× 13.1× +22.85% (above 0%: growing) +200.00% (above 0%: growing) +106.43% (above 0%: growing) 48.42% 34.22% Compare
MTA Metalla Royalty & Streaming Ltd. $722.8M — (loss-making) 103× +93.84% (above 0%: growing) n/m +75.32% (above 0%: growing) 91.00% 44.37% Compare
ITRG Integra Resources Corp. $434.1M 53.5× — +15.92% (above 0%: growing) 0.00% +154.33% (above 0%: growing) 33.01% 20.06% Compare
VOXR Vox Royalty Corp. $340.5M 7.0× 7.5× +122.56% (above 0%: growing) n/m +146.39% (above 0%: growing) 66.34% 123.61% Compare
GMTL Guardian Metal Resources PLC - Sponsored ADR $168.9M — — — — — — — Compare
LODE Comstock Inc. $130.7M — (loss-making) — (loss-making) +578.84% (above 0%: growing) n/m −22.42% (below 0%: shrinking) 0.00% 588.94%
GRML Greenland Mines Ltd $48.9M — (loss-making) — — n/m −253.75% (below 0%: shrinking) — 0.00% Compare
Median of peers $578.5M 16.5× 14.1× +60.34% +183.34% +146.39% 53.69% 34.22%

All 18 Other Precious Metals & Mining stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 559.12k 559.12k 51.00
2024 501.90k 227.90k 140.00
2023 550.78k 687.28k 190.00

Ownership

Directors and executive officers, together 2.70%
MAK Capital 7.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Comstock Inc. (LODE) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript

4 Nov

Impact 3 · · GlobeNewswire

26 Oct

Impact 3 ·

2 Oct

Impact 4 · · MarketBeat

26 Sep

Impact 4 · · MarketBeat

24 Sep

Impact 4 · · GlobeNewswire

22 Sep

Impact 4 · · GlobeNewswire

24 Aug

Impact 4 ·
Impact 3 ·

11 Aug

Impact 4 ·

27 Jul

Impact 3 ·

23 Jul

Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·

21 Jul

Impact 3 ·

12 Jul

Impact 3 ·

7 Jul

Impact 4 ·

1 Jul

Impact 4 ·

29 Jun

Impact 4 ·
Impact 3 ·

24 Jun

Impact 4 · · zanesvilletimesrecorder.com
Impact 4 · · GlobeNewswire

22 Jun

Impact 4 · · TMX Newsfile
Impact 3 · · MT Newswires

7 Jun

Impact 3 · · Simply Wall St.

7 May

Impact 4 · · GlobeNewswire

7 Apr

Impact 4 · · MarketBeat

25 Mar

Impact 4 · · Moby
Impact 3 · · GuruFocus.com

24 Mar

Impact 4 · · MarketBeat
stockrow.com/LODE · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com