Business
Local Bounti Announces First Quarter 2026 Financial Results
Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the three months ended March 31, 2026.
About this update from Local Bounti Corporation
[{"type":"text","content":"Delivered 15% Revenue Growth, Improved Net Loss, and 35% Improvement in Adjusted EBITDA Loss While Advancing Strategic Retail Partnership Discussions","length":149,"tagName":"p","attribs":{}},{"type":"text","content":"HAMILTON, Mont., May 13, 2026 /PRNewswire/ -- Local Bounti Corporation (NYSE: LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company currently servicing approximately 13,000 retail doors, today announced its financial results for the three months ended March 31, 2026.","length":321,"tagName":"p"},{"type":"image","alt":"Local Bounti Logo (PRNewsfoto/Local Bounti)","displaySize":"","headline":null,"caption":"Local Bounti Logo (PRNewsfoto/Local Bounti)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":324,"url":"https://media.zenfs.com/en/prnewswire.com/fc90430c9d52df1f79ba6736edbb9150"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3_cBCmAEcGhCXf0iVnFa9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fc90430c9d52df1f79ba6736edbb9150","width":400,"height":324},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/Asp0ztUgv5rtke7bLTPh4g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTUxODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fc90430c9d52df1f79ba6736edbb9150","width":400,"height":324}},"href":"https://mma.prnewswire.com/media/1582915/Local_Bounti_Personnel_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Kathleen Valiasek, President and CEO of Local Bounti, stated, "Our first quarter results reflect the operating discipline this team has built over the past several quarters — 15% revenue growth, a 35% improvement in adjusted EBITDA loss, and a 30% reduction in adjusted G&A year-over-year. The improvement is grounded in tangible operating progress as our network is now running at full utilization, and the tower upgrades completed across our facilities last year are delivering an approximate 10% increase in run-rate yield capacity, with additional gains expected from the targeted investments we're making in California to support our leading market position in living butterhead lettuce. On the commercial side, the two new retail accounts we secured this quarter — including a national rollout across more than 250 stores — and expansion of an exist...