Local Bounti Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information

Segment operating results, including significant expenses regularly provided to the CODM, along with a reconciliation of segment operating loss to consolidated net loss, are as follows:


	Three Months Ended March 31,
		2026		2025
	(in thousands)
Sales		$	13,337	$	11,605
Less:
Salaries and wages		7,080		8,588
Transportation and delivery		860		2,662
Depreciation and amortization		5,629		5,880
Interest expense, net		4,034		18,838
Stock-based compensation expense, net of amounts capitalized		993		592
Other segment items(1)		7,459		12,720
Segment net loss		(12,718)		(37,675)
Reconciliation of profit or loss
Adjustments and reconciling items		—		—
Net loss		$	(12,718)	$	(37,675)

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(1) Other segment items included in Segment net loss include change in fair value of warrant liabilities, research and development expense, facilities expense, legal expense, accounting expense, insurance expense, loss on disposal of fixed assets, software expense, and other overhead expense.