Comstock Mining Inc (LODE) - Net Assets
Based on the latest financial reports, Comstock Mining Inc (LODE) has net assets worth $159.75 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 ($218.13 Million) and total liabilities ($58.38 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 Comstock Mining Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $159.75 Million |
| % of Total Assets | 73.24% |
| Annual Growth Rate | N/A |
| 5-Year Change | 19.29% |
| 10-Year Change | 669.26% |
| Growth Volatility | 71.06 |
Comstock Mining Inc - Net Assets Trend (2001–2025)
This chart illustrates how Comstock Mining Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see LODE market cap overview.
Annual Net Assets for Comstock Mining Inc (2001–2025)
The table below shows the annual net assets of Comstock Mining Inc from 2001 to 2025. Also explore Comstock Mining Inc net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $110.90 Million | +85.55% |
| 2024-12-31 | $59.77 Million | -23.64% |
| 2023-12-31 | $78.28 Million | +38.88% |
| 2022-12-31 | $56.36 Million | -39.37% |
| 2021-12-31 | $92.97 Million | +192.55% |
| 2020-12-31 | $31.78 Million | +35.27% |
| 2019-12-31 | $23.49 Million | +150.32% |
| 2018-12-31 | $9.38 Million | -20.90% |
| 2017-12-31 | $11.87 Million | -17.70% |
| 2016-12-31 | $14.42 Million | -23.15% |
| 2015-12-31 | $18.76 Million | -15.65% |
| 2014-12-31 | $22.24 Million | +9.87% |
| 2013-12-31 | $20.24 Million | +10.05% |
| 2012-12-31 | $18.39 Million | +10.83% |
| 2011-12-31 | $16.60 Million | -32.71% |
| 2010-12-31 | $24.67 Million | +190.77% |
| 2009-12-31 | $-27.17 Million | -13.74% |
| 2008-12-31 | $-23.89 Million | -38.89% |
| 2007-12-31 | $-17.20 Million | -9.57% |
| 2006-12-31 | $-15.70 Million | -9199.19% |
| 2005-12-31 | $-168.82K | 0.00% |
| 2004-12-31 | $-168.82K | -101.03% |
| 2003-12-31 | $16.31 Million | +34163.21% |
| 2002-12-31 | $-47.89K | +72.31% |
| 2001-12-31 | $-172.94K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comstock Mining Inc'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 37872750800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $177.03K | 0.16% |
| Other Components | $486.13 Million | 451.88% |
| Total Equity | $107.58 Million | 100.00% |
Comstock Mining Inc Competitors by Market Cap
The table below lists competitors of Comstock Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ancom Berhad
KLSE:4758
|
$225.54 Million |
|
KidariStudio Inc
KO:020120
|
$225.55 Million |
|
Kalyani Investment Company Limited
NSE:KICL
|
$225.64 Million |
|
Gunung Raja Paksi
JK:GGRP
|
$225.68 Million |
|
Bitzero Holdings Inc.
NASDAQ:AIBZ
|
$225.45 Million |
|
Humasis Co. Ltd
KQ:205470
|
$225.45 Million |
|
Magnitude International Ltd Ordinary Shares
NASDAQ:MAGH
|
$225.45 Million |
|
Qudian Inc
F:1QU
|
$225.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comstock Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 59,769,000 to 107,579,970, a change of 47,810,970 (80.0%).
- Net loss of 43,076,443 reduced equity.
- New share issuances of 58,221,514 increased equity.
- Other factors increased equity by 32,665,899.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-43.08 Million | -40.04% |
| Share Issuances | $58.22 Million | +54.12% |
| Other Changes | $32.67 Million | +30.36% |
| Total Change | $- | 79.99% |
Book Value vs Market Value Analysis
This analysis compares Comstock Mining Inc'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
- Current price-to-book ratio: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-8235.43 | $3.82 | x |
| 2002-12-31 | $-4.04 | $3.82 | x |
| 2003-12-31 | $1207.09 | $3.82 | x |
| 2004-12-31 | $-0.90 | $3.82 | x |
| 2005-12-31 | $-9.04 | $3.82 | x |
| 2006-12-31 | $-223.79 | $3.82 | x |
| 2007-12-31 | $-10.81 | $3.82 | x |
| 2008-12-31 | $-76.02 | $3.82 | x |
| 2009-12-31 | $-76.55 | $3.82 | x |
| 2010-12-31 | $62.49 | $3.82 | x |
| 2011-12-31 | $33.68 | $3.82 | x |
| 2012-12-31 | $44.71 | $3.82 | x |
| 2013-12-31 | $49.21 | $3.82 | x |
| 2014-12-31 | $54.06 | $3.82 | x |
| 2015-12-31 | $42.61 | $3.82 | x |
| 2016-12-31 | $20.41 | $3.82 | x |
| 2017-12-31 | $14.42 | $3.82 | x |
| 2018-12-31 | $7.87 | $3.82 | x |
| 2019-12-31 | $11.94 | $3.82 | x |
| 2020-12-31 | $10.40 | $3.82 | x |
| 2021-12-31 | $17.77 | $3.82 | x |
| 2022-12-31 | $7.20 | $3.82 | x |
| 2023-12-31 | $7.44 | $3.82 | x |
| 2024-12-31 | $3.60 | $3.82 | x |
| 2025-12-31 | $2.93 | $3.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comstock Mining Inc 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): -40.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2772.34%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.70x
- Recent ROE (-40.04%) is above the historical average (-47.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -2441.40% | 0.08x | 0.00x | $-67.45K |
| 2002 | 0.00% | -6821.87% | 0.81x | 0.00x | $-74.14K |
| 2003 | -22.71% | -195929.09% | 0.00x | 1.07x | $-5.34 Million |
| 2004 | 0.00% | -531.73% | 0.10x | 0.00x | $-5.06 Million |
| 2005 | 0.00% | -531.73% | 0.10x | 0.00x | $-5.06 Million |
| 2006 | 0.00% | -351.91% | 0.35x | 0.00x | $-2.85 Million |
| 2007 | 0.00% | -1025.77% | 0.11x | 0.00x | $-2.34 Million |
| 2008 | 0.00% | -4168.39% | 0.11x | 0.00x | $-14.10 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.35 Million |
| 2010 | -244.57% | -0.04% | 4559.27x | 1.50x | $-62.79 Million |
| 2011 | -69.93% | -2451.75% | 0.02x | 1.63x | $-13.27 Million |
| 2012 | -167.24% | -598.65% | 0.11x | 2.60x | $-32.60 Million |
| 2013 | -105.45% | -85.98% | 0.56x | 2.17x | $-23.37 Million |
| 2014 | -43.34% | -37.68% | 0.55x | 2.09x | $-11.86 Million |
| 2015 | -55.73% | -56.53% | 0.43x | 2.30x | $-12.33 Million |
| 2016 | -89.93% | -255.70% | 0.15x | 2.35x | $-14.41 Million |
| 2017 | -89.14% | -10137.33% | 0.00x | 2.61x | $-11.76 Million |
| 2018 | -101.02% | -6308.35% | 0.01x | 3.05x | $-10.42 Million |
| 2019 | -16.39% | -2118.70% | 0.00x | 1.70x | $-6.13 Million |
| 2020 | 46.99% | 7403.06% | 0.00x | 1.36x | $11.75 Million |
| 2021 | -27.45% | -2851.38% | 0.01x | 1.42x | $-33.54 Million |
| 2022 | -85.73% | -25792.17% | 0.00x | 1.87x | $-51.31 Million |
| 2023 | 11.70% | 718.88% | 0.01x | 1.36x | $1.33 Million |
| 2024 | -89.21% | -1767.94% | 0.03x | 1.53x | $-59.30 Million |
| 2025 | -40.04% | -2772.34% | 0.01x | 1.70x | $-53.83 Million |
Industry Comparison
This section compares Comstock Mining Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $11,789,371,674
- Average return on equity (ROE) among peers: -40.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comstock Mining Inc (LODE) | $159.75 Million | 0.00% | 0.37x | $225.46 Million |
| Compania de Minas Buenaventura SAA ADR (BVN) | $683.83 Million | 30.52% | 0.59x | $8.11 Billion |
| Elemental Royalty Corporation Common Stock (ELE) | $2.20 Million | -141.07% | 1.40x | $1.25 Billion |
| Greenland Mines Ltd (GRML) | $571.72K | -123.74% | 2.84x | $9.52 Million |
| Hecla Mining Company (HL) | $2.59 Billion | 12.41% | 0.37x | $11.30 Billion |
| Perpetua Resources Corp (PPTA) | $11.84 Million | -4.97% | 0.09x | $2.82 Billion |
| Sibanye Gold Ltd ADR (SBSW) | $91.00 Billion | 20.21% | 0.83x | $8.96 Billion |
| Sinda Ltd. (SIND) | $20.31 Million | -92.03% | 0.17x | $2.26 Billion |
| Vox Royalty Corp. Common Stock (VOXR) | $576.01K | -21.74% | 0.05x | $382.92 Million |
About Comstock Mining Inc
Comstock Inc. commercializes technologies, systems, and supply chains that extract, process, and convert under-utilized waste and natural resources into clean energy and clean energy supporting products in the United States. It operates through the Fuels, Metals, Mining, and Strategic Investments segments. The company develops and commercializes technology that extracts and converts wasted and un… Read more