Comstock Inc.

LODE · Micro cap · Calculated market cap · $318.1M · as of 2026-07-03 · 5 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$1.6M	$3.0M	$1.3M	$178,150	$862,165
Cost of revenue	$2.6M	$451,938	$0	$0	$272,082
Gross profit	—	—	—	$178,150	$590,083
Selling, general & administrative	$20.7M	$12.7M	$12.6M	$10.2M	$5.5M
Research and development	$12.3M	$19.1M	$6.1M	$7.0M	$414,751
Operating expenses	$37.1M	$42.2M	$13.9M	—	—
Operating income	-$38.1M	-$39.7M	-$12.6M	-$19.4M	-$6.4M
Interest expense	$1.9M	$3.0M	$1.6M	$1.7M	$168,881
Pretax income	$43.1M	$53.3M	—	-$46.7M	-$30.3M
Income tax expense	$0	$0	$0	$0	-$5.7M
Net income	-$43.1M	-$53.3M	$9.2M	-$46.7M	-$24.6M
Balance Sheet
Cash and equivalents	$17.0M	$954,271	$3.8M	$2.5M	$5.9M
Current assets	$20.7M	$12.6M	$23.2M	$30.8M	$13.8M
Total assets	$169.6M	$91.3M	$106.5M	$100.1M	$127.0M
Current liabilities	$10.0M	$8.1M	$14.8M	$31.6M	$23.9M
Total liabilities	$58.7M	$31.5M	$28.2M	$43.7M	$34.0M
Total debt	$0	$8.5M	$12.1M	$9.4M	$5.0M
Stockholders' equity	$107.6M	$59.8M	$78.3M	$53.6M	$89.6M
Cash Flow Statement
Cash from operations	-$24.4M	-$13.9M	-$13.6M	-$12.1M	-$7.5M
Depreciation and amortization	$1.2M	$567,590	$2.5M	$3.3M	$1.0M
Stock-based compensation	$0	$41,799	$2,256	$481,997	$463,986
Capital expenditure	—	$0	$1.8M	$1.0M	$78,467
Free cash flow	—	-$13.9M	-$15.4M	-$13.1M	-$7.6M
Impairments	$433,411	$324,047	$0	$12.8M	$6.2M

Shares outstanding 76.0M · Free float 25.2%

Annual filing data through FY ended December 31, 2025; float as of September 9, 2026.