Comstock Inc.
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 75.9M · Free float 18.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.