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. In the quarter to June 2026, revenue fell 19.7%, EPS fell 25.9%, free cash flow fell 74.0% and total debt fell 50.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Comstock Inc. (LODE) Piotroski F-score
Comstock Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 1.00 |
| FY2024 | 2 | (3.00) |
| FY2023 | 5 | 2.00 |
| FY2022 | 3 | 1.00 |
| FY2021 | 2 | (3.00) |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | 0.00 |
| FY2018 | 5 | 2.00 |
| FY2017 | 3 | 0.00 |
| FY2016 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (33.02%) | (53.92%) | Fail | 0 |
| Positive operating cash flow | (24.39m) | (13.94m) | Fail | 0 |
| Rising return on assets | (33.02%) | (53.92%) | Pass | 1 |
| Cash flow above net income | 18.69m | 39.38m | Pass | 1 |
| Falling long-term leverage | 0.09 | 0.08 | Fail | 0 |
| Rising current ratio | 2.06 | 1.55 | Pass | 1 |
| No new shares issued | 36,707,700 | 16,613,800 | Fail | 0 |
| Rising gross margin | (69.07%) | 85.01% | Fail | 0 |
| Rising asset turnover | 0.01 | 0.03 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GORO Gold Resource Corporation compare | 7 |
| ASM Avino Silver compare | 6 |
| MUX McEwen Inc. compare | 6 |
| MTA Metalla Royalty & Streaming Ltd. compare | 6 |
| VOXR Vox Royalty Corp. compare | 4 |
| LODE Comstock Inc. | 3 |
| ITRG Integra Resources Corp. compare | — |
| SLSR Solaris Resources Inc. compare | — |
| GRML Greenland Mines Ltd compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover