Local Bounti Corp (LOCL) - Net Assets
Based on the latest financial reports, Local Bounti Corp (LOCL) has net assets worth $-178.02 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($414.17 Million) and total liabilities ($592.19 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Local Bounti Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-178.02 Million |
| % of Total Assets | -42.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | -263.48% |
| 10-Year Change | N/A |
| Growth Volatility | 299.71 |
Local Bounti Corp - Net Assets Trend (2019–2025)
This chart illustrates how Local Bounti Corp's net assets have evolved over time, based on quarterly financial data. See Local Bounti Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Local Bounti Corp (2019–2025)
The table below shows the annual net assets of Local Bounti Corp from 2019 to 2025. For live valuation and market cap data, see LOCL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-166.24 Million | -65.41% |
| 2024-12-31 | $-100.50 Million | -758.02% |
| 2023-12-31 | $15.27 Million | -87.41% |
| 2022-12-31 | $121.33 Million | +19.32% |
| 2021-12-31 | $101.68 Million | +4055.00% |
| 2020-12-31 | $-2.57 Million | -200.67% |
| 2019-12-31 | $2.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Local Bounti Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 51386900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | % |
| Other Components | $351.37 Million | % |
| Total Equity | $-166.24 Million | 100.00% |
Local Bounti Corp Competitors by Market Cap
The table below lists competitors of Local Bounti Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maskapai Reasuransi Indonesia
JK:MREI
|
$29.43 Million |
|
Nord Insuretech Group AB
ST:NORDIG
|
$29.43 Million |
|
Prodigy Public Company Limited
BK:PDG
|
$29.44 Million |
|
Environmental Clean Technologies Ltd
AU:ECT
|
$29.44 Million |
|
Elon AB (publ)
ST:ELON
|
$29.38 Million |
|
Cannindah Resources Ltd
AU:CAE
|
$29.38 Million |
|
Karolinska Development AB ser. B
ST:KDEV
|
$29.36 Million |
|
OSK Ventures International Bhd
KLSE:0053
|
$29.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Local Bounti Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -100,500,000 to -166,236,000, a change of -65,736,000.
- Net loss of 94,379,000 reduced equity.
- New share issuances of 24,481,000 increased equity.
- Other factors increased equity by 4,162,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-94.38 Million | -56.77% |
| Share Issuances | $24.48 Million | +14.73% |
| Other Changes | $4.16 Million | +2.5% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Local Bounti Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $3.31 | $1.29 | x |
| 2020-12-31 | $-0.67 | $1.29 | x |
| 2021-12-31 | $15.31 | $1.29 | x |
| 2022-12-31 | $15.21 | $1.29 | x |
| 2023-12-31 | $1.92 | $1.29 | x |
| 2024-12-31 | $-11.85 | $1.29 | x |
| 2025-12-31 | $-7.08 | $1.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Local Bounti Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -195.14%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-156.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -133.36% | 0.00% | 0.00x | 2.31x | $-3.66 Million |
| 2020 | 0.00% | -10254.88% | 0.01x | 0.00x | $-8.15 Million |
| 2021 | -55.16% | -8792.01% | 0.00x | 1.42x | $-66.26 Million |
| 2022 | -91.54% | -570.36% | 0.07x | 2.30x | $-123.20 Million |
| 2023 | -811.99% | -450.03% | 0.07x | 25.00x | $-125.54 Million |
| 2024 | 0.00% | -314.39% | 0.09x | 0.00x | $-109.85 Million |
| 2025 | 0.00% | -195.14% | 0.12x | 0.00x | $-77.76 Million |
Industry Comparison
This section compares Local Bounti Corp's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,813,219,839
- Average return on equity (ROE) among peers: 8.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Local Bounti Corp (LOCL) | $-178.02 Million | -133.36% | N/A | $29.41 Million |
| African Agriculture Holdings Inc. (AAGR) | $-13.80 Million | 0.00% | 0.00x | $5.00 |
| Archer-Daniels-Midland Company (ADM) | $6.33 Billion | 6.05% | 1.26x | $33.40 Billion |
| Forafric Global PLC Ordinary Shares (AFRI) | $47.65 Million | -16.75% | 5.29x | $269.55 Million |
| Adecoagro SA (AGRO) | $1.11 Billion | -2.22% | 1.06x | $1.34 Billion |
| Agroz Inc. Ordinary Shares (AGRZ) | $5.37 Million | 69.97% | 3.21x | $7.54 Million |
| Alico Inc (ALCO) | $77.40 Million | 5.68% | 0.48x | $309.25 Million |
| AquaBounty Technologies Inc (AQB) | $23.76 Million | -55.67% | 0.27x | $4.99 Million |
| Bunge Limited (BG) | $9.96 Billion | 16.16% | 1.47x | $21.59 Billion |
| Cal-Maine Foods Inc (CALM) | $277.37 Million | 54.75% | 0.81x | $3.68 Billion |
| Dole PLC (DOLE) | $314.62 Million | 9.55% | 2.35x | $1.31 Billion |
About Local Bounti Corp
Local Bounti Corporation produces and sells fresh greens in the United States. The company offers lettuce, arugula, herbs, berries, and loose-leaf lettuce. It sells its products to food retailers and food service distributors. The company was founded in 2018 and is headquartered in Hamilton, Montana.