Comstock Inc. (LODE) Financial Statements
Industry: Industrial Organic Chemicals
In fiscal 2025, Comstock reported revenue of $1.6M, down 48.5% from $3.0M the year before. Net income was -$43.1M (a -2772.3% net margin), or -$1.17 per diluted share. Gross margin was -69.1% and operating margin was -2455.2%. Operating activities generated -$24.4M of cash. At fiscal year end, Comstock held $169.6M in total assets against $58.7M in total liabilities, including $17.0M of cash and equivalents.
Open the full interactive Comstock financials → Quarterly statements, key ratios, valuation history and price charts.
Comstock Key Stats
| Share Price | $2.12 |
|---|---|
| Market Cap | $160.7M |
| Revenue YoY Growth | -48.5% |
| 52-Week Range | $2.12 – $4.77 |
| Shares Outstanding | 75.8 million (basic, 2026 Q2) |
Comstock Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $201,700 | $862,165 | $178,150 | $1.3M | $3.0M | $1.6M |
| Cost of Goods Sold | $5.7M | $272,082 | $0 | $13.9M | $451,938 | $2.6M |
| Gross Profit | -$5.5M | $590,083 | $178,150 | -$12.6M | $2.6M | -$1.1M |
| Operating Income | -$5.5M | -$6.4M | -$19.4M | -$12.6M | -$39.7M | -$38.1M |
| Pre-Tax Income | $14.9M | -$30.3M | -$46.7M | $10.5M | -$53.3M | $43.1M |
| Income Tax | — | -$5.7M | $0 | — | $0 | $0 |
| Net Income | $14.9M | -$24.6M | -$46.7M | $10.5M | -$53.3M | -$43.1M |
| Diluted EPS | $4.90 | -$4.90 | -$6.20 | $0.90 | -$3.21 | -$1.17 |
Comstock Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $54,079 | $374,356 | $313,456 | $272,824 |
| Net Income | -$12.9M | -$13.3M | -$9.4M | -$25.5M |
| Diluted EPS | — | -$0.36 | — | — |
Comstock Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.4M | $5.9M | $2.5M | $3.8M | $954,271 | $17.0M |
| Current Assets | $20.8M | $13.8M | $30.8M | $23.2M | $12.6M | $20.7M |
| Total Assets | $43.1M | $127.0M | $100.1M | $106.5M | $91.3M | $169.6M |
| Current Liabilities | $4.8M | $23.9M | $31.6M | $14.8M | $8.1M | $10.0M |
| Total Long-Term Debt | $7.1M | $4.5M | $7.9M | $9.9M | $8.5M | — |
| Total Liabilities | $11.3M | $34.0M | $43.7M | $28.2M | $31.5M | $58.7M |
| Shareholders' Equity | $31.8M | $89.6M | $53.6M | $78.3M | $59.8M | $107.6M |
Comstock Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$3.8M | -$7.5M | -$12.1M | -$13.6M | -$13.9M | -$24.4M |
| Cash From Investing | $3.2M | -$16.1M | -$3.7M | $3.6M | -$6.5M | -$22.0M |
| Cash From Financing | $2.0M | $27.1M | $12.4M | $11.3M | $17.6M | $62.4M |
| Free Cash Flow | -$3.9M | -$7.6M | -$13.1M | -$15.4M | — | — |
Figures from Comstock's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Comstock financials page for every line item.
Comstock Company Profile
| Ticker | LODE |
|---|---|
| Exchange | NYSE |
| Industry | Industrial Organic Chemicals |
| Headquarters | Reno, Nevada |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001120970 |
Frequently Asked Questions
What was Comstock's revenue in fiscal 2025?
Comstock (LODE) reported revenue of $1.6M for fiscal 2025.
What is Comstock's annual revenue history?
Comstock's annual revenue by fiscal year: 2020: $201,700; 2021: $862,165; 2022: $178,150; 2023: $1.3M; 2024: $3.0M; 2025: $1.6M.
What was Comstock's net income in fiscal 2025?
Comstock reported net income of -$43.1M for fiscal 2025.
What was Comstock's earnings per share (EPS) in fiscal 2025?
Comstock's diluted EPS was -$1.17 for fiscal 2025 (adjusted for any later stock splits).
What was Comstock's revenue last quarter?
In its most recent reported quarter (2026 Q2), Comstock reported revenue of $272,824.
How many shares of Comstock are outstanding?
Comstock reported a weighted average of 75.8 million basic shares outstanding in 2026 Q2.
What is Comstock's market cap?
Based on its latest closing price, Comstock (LODE) has a market capitalization of about $160.7M.
When does Comstock's fiscal year end?
Comstock's fiscal year end, as registered with the SEC, is December 31.
Where is Comstock headquartered?
Comstock lists its business address in Reno, Nevada in its SEC filings.