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Local Bounti (LOCL) investor relations material

Local Bounti Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary13 Aug, 2025

Executive summary

  • Achieved 28% year-over-year revenue growth in Q2 2025 to $12.1M, driven by expanded production, new facility contributions, and strengthened retail relationships, including new salad kits and expanded distribution.

  • Completed Texas facility retrofit, now at full harvestable capacity, nearly doubling output and enhancing operational efficiency.

  • Realized $7M in annualized cost savings in H1 2025, with an additional $2.5–$3M targeted for H2 2025.

  • Closed $25M PIPE investment and $10M convertible note, with major debt restructuring and ownership concentration changes.

  • Expanded commercial team with a new Chief Commercial Officer to drive growth and strategic relationships.

Financial highlights

  • Q2 2025 sales were $12.1M, up 28% from $9.4M in Q2 2024; six-month sales reached $23.7M, a 33% increase year-over-year.

  • Adjusted gross margin was 30% in Q2 2025, up from 29% year-over-year; gross profit was $1.5M.

  • Adjusted EBITDA loss improved to $6.5M from $8.3M year-over-year and $8.8M sequentially.

  • Net loss for Q2 2025 was $21.6M, improved from $25.3M in Q2 2024; net loss per share was $1.63, improved from $3.00.

  • Cash and equivalents at quarter-end totaled $13.2M.

Outlook and guidance

  • Modest sequential sales growth expected in Q3 2025, with acceleration in Q4 2025 as facilities ramp and new products launch.

  • Positive adjusted EBITDA targeted for early 2026, contingent on retail partner ramp schedules.

  • Further $2.5–$3M in annualized cost reductions planned for H2 2025, with additional measures for 2026.

  • Gross margin expected to reach 33–34% in coming quarters, with a long-term goal of 35–40%.

  • Capacity expansion projects in the Midwest, Georgia, Washington, and Texas remain under review, dependent on retailer discussions and market demand.

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Frequently asked questions

Local Bounti Corp is an agriculture technology company focused on growing and selling sustainably produced leafy greens. The company uses controlled environment agriculture (CEA) techniques, including vertical farming and hydroponics, to produce fresh produce year-round. Local Bounti’s operations are designed to optimize resource efficiency, reducing water usage and land footprint while delivering high-quality, non-GMO vegetables. The company's products are distributed to retailers and food service providers. The company is headquartered in Hamilton, Montana, and its shares are listed on the NYSE.

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