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Comstock Inc. (LODE) stock

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NYSE: LODE NYSE Diversified Metals & Mining Next results ~November 4, 2026

E Fundamentals grade

Comstock Inc. is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Comstock Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders5 buying, 0 selling15 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds65 adding, 43 cuttingOf 22 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Comstock files

Where Comstock stands after its latest 10-Q

Comstock has little or no product revenue yet; it used $36m of cash in the twelve months to June 2026. It passes 2 of our 3 financial-health checks.

Our model value for Comstock is under review, so past values are not shown until it is resolved.

Source: 10-Q filed July 23, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Comstock Inc.'s trailing-twelve-month revenue fell 69.1% year on year, with a free-cash-flow margin of -3525.5%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 14 diversified metals & mining companies we cover. Where it lags: revenue growth of -69.1% ranks 17 of 17 diversified metals & mining companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 80.4% while net income fell 11.5%: a 69pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 69.1% over the last 12 months.
  • Loss-making. Operating margin is -5846.1%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 4500.1 points on a year ago.
  • Burning cash. Free cash flow was -3525.5% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 29.7% of revenue, against a median of 13.5% for diversified metals & mining companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 40.6% in a year.

Latest results: FY2026 Q2

Filed July 23, 2026
Earnings per share
-$0.15 against an average estimate of -$0.12: missed by 24.8%
Revenue
$0m, down 19.7% on a year earlier
Share reaction
-19.8% in the first session after the results on July 24, 2026, against +0.1% for the S&P 500
Guidance given
revenues $5m (second half of 2026)
Next report
November 4, 2026; average EPS estimate $0.06

Comstock's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week-14.8%
  • 1 month-36.8%
  • This year-61.7%
  • 1 year-53.5%
  • 5 years-93.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1M
Operating margin
-5846.1%
Net margin
-6012.3%

Growth

Revenue growth
−69.1%
Change in growth rate
−1.1 pts

Cash

Free cash flow (TTM)
-$35.8M
FCF margin
-3525.5%
Stock pay % of revenue
29.7%

Earnings

Last results
July 24, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Comstock Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.0–$0.1 Left out: out of range vs price (0.01x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Comstock Inc. with Diversified Metals & Mining in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

Comstock Inc.: market value and multiples by fiscal year
At fiscal year end 20152016201720182019202020212022202320242025
Share price$100.00$65.00$19.50$6.50$4.40$10.40$12.90$2.80$5.50$8.00$3.76
Market value$44m$46m$16m$8m$9m$32m$65m$21m$58m$133m$138m
+ Net debt (− = net cash)$12m$9m$9m$9m$5m$1m−$912188$7m$8m$8m−$17m
Enterprise value$56m$55m$25m$17m$13m$33m$64m$28m$66m$140m$121m
Multiples
Price / sales 2.4x9.1x153.7x51.6x47.7x157.6x75.4x117.0x45.4x44.1x88.8x
Price / earnings —————2.1x——6.3x——
Price / free cash flow ———————————
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

18 /100

Weak moat

How hard Comstock's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -32.5% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 12.7%, moving by 1013.8 percentage points (standard deviation) across 9 years.

  • Durability 10 / 20

    Operating margin has been a median -2267.8%; its worst year was -14734.7%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 10 years, at a median -2385.8% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 2266.9% over five years; stock-based pay has been a median 3.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $2m and EPS of $0.06 (range $0.06 to $0.06) for the quarter.

Analysts' consensus

Comstock Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current −$0.54 +50% $6m +304%
Next −$0.37 +32% $32m +410%

Next year's EPS estimate has moved −219.4% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +38.5% on 90 days ago. In the last 30 days, 1 analyst raised Comstock Inc.'s forecast and 0 cut it.

Consensus EPS forecast Comstock Inc., last 90 days
−$1.00 −$0.50 $0.00 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.39 Current fiscal year, 60 days ago: −$0.41 Current fiscal year, 30 days ago: −$0.41 Current fiscal year, 7 days ago: −$0.41 Current fiscal year, Now: −$0.54 −$0.54 Next fiscal year, 90 days ago: $0.31 Next fiscal year, 60 days ago: $0.32 Next fiscal year, 30 days ago: $0.32 Next fiscal year, 7 days ago: $0.32 Next fiscal year, Now: −$0.37 −$0.37

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.39$0.31
60 days ago −$0.41$0.32
30 days ago −$0.41$0.32
7 days ago −$0.41$0.32
Now −$0.54−$0.37

Earnings against estimates

Comstock Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 −$0.12 −$0.15 −24.8%
Mar 2026 −$0.15 −$0.13 +12.5%
Dec 2025 −$0.13 −$0.26 −102.4%
Sept 2025 −$0.14 −$0.22 −62.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 24, 2026
  • revenues · Comstock Metals (solar recycling facility) second half of 2026 about $5m
    “Our solar recycling facility will be up and running in August and operate at least 25% of rated capacity from then through year end, if not higher, generating an expected $5 million in revenues in the second half of 2026," concluded Mr. De Gasperis.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Positioning

Short interest
12.5%
of tradable shares
Days to cover
5.54
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
56%
of shares
Held by insiders
3.2%
of shares
Employees
45
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Comstock Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
LODE+24%−78%+96%+46%−53%−62%
Industry peers (median)+30%−24%−13%−24%+75%−43%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LODE17%25%75%25%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LODE−80%−87%−59%−75%−76%−70%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 99% from November 3, 2015 to August 5, 2024. Getting back needed a 10614% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.41 – $4.77
From 52-week high
−69.8%
vs 50-day average
−41.4%
vs 200-day average
−55.1%
Volatility (1 year)
81%
Beta vs S&P 500
2.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.3%
After a week
3 up, 9 down
typical move ±12.9%
After a month
6 up, 6 down
typical move ±27.1%
Comstock Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
July 24, 2026 −19.8% +0.1% −29.4% −9.0%
May 8, 2026 −10.0% +1.1% +5.8% +16.4%
March 25, 2026 +11.2% −1.2% +10.8% +16.9%
October 30, 2025 +3.7% −0.8% −9.4% +14.0%
August 15, 2025 +2.2% −0.3% +7.4% +28.7%
August 12, 2025 −18.7% +1.4% −25.9% −7.9%
May 8, 2025 +1.6% +0.6% −4.5% +42.3%
March 6, 2025 −3.4% −1.2% −9.7% −29.5%
October 22, 2024 −15.4% −1.0% −15.4% −32.7%
August 8, 2024 0.0% +2.8% 0.0% +86.7%
April 30, 2024 −19.4% −1.9% −19.4% −19.4%
February 28, 2024 −6.5% +0.2% −17.4% −21.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Comstock Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Comstock Inc.
$0 $1M $2M $3M $4M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $857.5K Revenue (TTM), FY23 Q4: $1.3M Revenue (TTM), FY24 Q1: $1.7M Revenue (TTM), FY24 Q2: $2.1M Revenue (TTM), FY24 Q3: $1.9M Revenue (TTM), FY24 Q4: $3M Revenue (TTM), FY25 Q1: $3.4M Revenue (TTM), FY25 Q2: $3.3M Revenue (TTM), FY25 Q3: $2.8M Revenue (TTM), FY25 Q4: $1.6M Revenue (TTM), FY26 Q1: $1.1M Revenue (TTM), FY26 Q2: $1M $1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $857.5K
FY23 Q4 $1.3M
FY24 Q1 $1.7M
FY24 Q2 $2.1M
FY24 Q3 $1.9M
FY24 Q4 $3M
FY25 Q1 $3.4M
FY25 Q2 $3.3M
FY25 Q3 $2.8M
FY25 Q4 $1.6M
FY26 Q1 $1.1M
FY26 Q2 $1M
Revenue growth, TTM YoY Comstock Inc.
-500% 0% 500% 1000% 1500% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 57.7% Revenue growth, TTM YoY, FY23 Q4: 615.4% Revenue growth, TTM YoY, FY24 Q1: 982.3% Revenue growth, TTM YoY, FY24 Q2: 1413.9% Revenue growth, TTM YoY, FY24 Q3: 117.5% Revenue growth, TTM YoY, FY24 Q4: 136.7% Revenue growth, TTM YoY, FY25 Q1: 102.2% Revenue growth, TTM YoY, FY25 Q2: 58.6% Revenue growth, TTM YoY, FY25 Q3: 49.0% Revenue growth, TTM YoY, FY25 Q4: -48.5% Revenue growth, TTM YoY, FY26 Q1: -68.0% Revenue growth, TTM YoY, FY26 Q2: -69.1% -69.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 57.7%
FY23 Q4 615.4%
FY24 Q1 982.3%
FY24 Q2 1413.9%
FY24 Q3 117.5%
FY24 Q4 136.7%
FY25 Q1 102.2%
FY25 Q2 58.6%
FY25 Q3 49.0%
FY25 Q4 -48.5%
FY26 Q1 -68.0%
FY26 Q2 -69.1%
Operating margin (TTM) Comstock Inc.
-6000% -4000% -2000% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -1695.5% Operating margin (TTM), FY23 Q4: -989.0% Operating margin (TTM), FY24 Q1: -729.3% Operating margin (TTM), FY24 Q2: -570.7% Operating margin (TTM), FY24 Q3: -1506.8% Operating margin (TTM), FY24 Q4: -1315.1% Operating margin (TTM), FY25 Q1: -1245.7% Operating margin (TTM), FY25 Q2: -1346.0% Operating margin (TTM), FY25 Q3: -1467.0% Operating margin (TTM), FY25 Q4: -2455.2% Operating margin (TTM), FY26 Q1: -3703.7% Operating margin (TTM), FY26 Q2: -5846.1% -5846.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -1695.5%
FY23 Q4 -989.0%
FY24 Q1 -729.3%
FY24 Q2 -570.7%
FY24 Q3 -1506.8%
FY24 Q4 -1315.1%
FY25 Q1 -1245.7%
FY25 Q2 -1346.0%
FY25 Q3 -1467.0%
FY25 Q4 -2455.2%
FY26 Q1 -3703.7%
FY26 Q2 -5846.1%
FCF margin (TTM) Comstock Inc.
-4000% -3000% -2000% -1000% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -1545.8% FCF margin (TTM), FY23 Q4: -1211.8% FCF margin (TTM), FY24 Q1: -898.0% FCF margin (TTM), FY24 Q2: -736.2% FCF margin (TTM), FY24 Q3: -772.2% FCF margin (TTM), FY24 Q4: -536.6% FCF margin (TTM), FY25 Q1: -504.6% FCF margin (TTM), FY25 Q2: -604.5% FCF margin (TTM), FY25 Q3: -912.5% FCF margin (TTM), FY25 Q4: -1816.8% FCF margin (TTM), FY26 Q1: -2783.9% FCF margin (TTM), FY26 Q2: -3525.5% -3525.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -1545.8%
FY23 Q4 -1211.8%
FY24 Q1 -898.0%
FY24 Q2 -736.2%
FY24 Q3 -772.2%
FY24 Q4 -536.6%
FY25 Q1 -504.6%
FY25 Q2 -604.5%
FY25 Q3 -912.5%
FY25 Q4 -1816.8%
FY26 Q1 -2783.9%
FY26 Q2 -3525.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Comstock Inc.: annual financial statements
Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 5 25 26 18 5 0 0 0 0 1 0 1 3 2 1
Gross profit — — — — — — — — — 0 1 0 1 3 −1 −2
EBITDA −15 −28 −16 −2 −5 −4 −5 −4 −4 −4 −5 −16 −10 −37 −34 −54
Operating income −16 −30 −21 −9 −12 −10 −9 −7 −5 −5 −6 −19 −13 −40 −38 −59
Net income −12 −31 −21 −10 −10 −13 −11 −9 −4 15 −25 −47 9 −53 −43 −61
Diluted EPS −$16.50 −$21.75 −$10.50 −$4.25 −$36.00 −$18.50 −$13.00 −$7.90 −$0.20 $0.49 −$0.49 −$0.62 $0.87 −$3.21 −$1.17 —
Growth (year on year)
Revenue — +985.5% +383.1% +3.0% −27.7% −72.6% −97.9% +44.1% +19.5% +12.3% +327.4% −79.3% +615.4% +136.7% −48.5% −69.1%
Net income — — — — — — — — — — −264.6% — — −682.0% — —
Diluted EPS — — — — — — — — — — −200.0% — — −469.0% — —
Margins
Gross margin — — — — — — — — — 74.3% 68.4% 100.0% 100.0% 85.0% −69.1% −165.6%
EBITDA margin <−999% −541.3% −64.9% −7.1% −25.4% −85.2% <−999% <−999% <−999% <−999% −623.0% <−999% −794.6% <−999% <−999% <−999%
Operating margin <−999% −590.0% −84.3% −34.0% −67.2% −201.4% <−999% <−999% <−999% <−999% −743.0% <−999% −989.0% <−999% <−999% <−999%
Net margin <−999% −598.6% −86.0% −37.7% −56.5% −255.7% <−999% <−999% <−999% >999% <−999% <−999% 718.9% <−999% <−999% <−999%
Free-cash-flow margin <−999% −696.3% −65.5% −19.7% −47.4% −66.0% <−999% <−999% <−999% <−999% −878.1% <−999% <−999% −462.3% <−999% <−999%
Cash flow
Cash from operations −12 −22 −10 −2 −3 −3 −7 −4 −2 −4 −7 −12 −14 −14 −24 −31
Capital spending 8 13 6 3 6 1 0 2 2 0 0 1 2 0 0 0
Free cash flow −19 −36 −16 −5 −9 −3 −7 −6 −5 −4 −8 −13 −15 −14 −24 −31
Stock-based pay 1 6 1 0 0 0 0 0 0 0 0 0 −0 0 0 —
Free cash flow after stock pay −21 −42 −17 −5 −9 −3 −7 −6 −5 −4 −8 −14 −15 −14 −24 —
Balance sheet
Cash 7 6 2 5 2 0 2 0 1 2 6 3 4 1 17 31
Total debt 1 14 8 12 13 9 11 10 6 4 5 9 12 8 0 0
Net debt (negative = net cash) −6 8 5 6 12 9 9 9 5 1 −1 7 8 8 −17 −31
Diluted shares — — — — — — — 1m 2m 3m 5m 7m 11m 17m 37m —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $194m
Short-term assets $58mLonger-term assets $135m
What it owes, and who funded it · $190m
Short-term liabilities $18mLonger-term liabilities $35mShareholders' equity $137m
  • Short-term assets cover short-term liabilities $58m of assets due within a year against $18m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $58m short-term assets against $35m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$59m against $864,993 of interest.

From Comstock Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
1111.2%
of revenue
Sales & admin spending
2630.9%
of revenue
Days sales outstanding
482 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in diversified metals & mining
Growth, margins and cash generation against peers
Last 12 months unless stated LODE IE ATLX MTA ABAT UAMY Median
Revenue, last 12 months $1m $3m $109897 $12m $22m $36m $118m
Revenue growth, last 12 months −69.1% −20.6% −68.6% 99.6% 406.8% 41.6% 14.6%
Revenue growth, 3-year average 95.1% −4.2% 120.3% — — 63.4% 13.4%
Revenue growth, latest quarter −19.7% −32.2% −100.0% — 196.6% −24.7% 7.2%
Gross margin −165.6% 58.7% 85.1% 80.9% −14.2% 17.4% 24.6%
Operating margin <−999% 474.5% <−999% −0.5% −343.6% −64.0% −5.3%
Operating margin, 3-year average <−999% <−999% <−999% — — −45.8% −23.9%
Net margin <−999% <−999% <−999% −36.1% −337.5% −44.6% −36.1%
Cash from operations / revenue <−999% <−999% <−999% 37.5% −111.4% −77.0% −9.3%
Free-cash-flow margin <−999% <−999% <−999% — −167.3% −195.6% −48.3%
Free-cash-flow margin, 3-year average <−999% <−999% <−999% — — −80.4% −37.2%
Stock pay / revenue 29.7% 365.3% >999% — 213.8% 38.4% 11.9%
Change in share count 40.6% 18.3% 43.7% 1.1% 58.8% 15.2% 8.3%

Median of all 17 companies we cover in diversified metals & mining. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 diversified metals & mining companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth -69.1% 14.6% 17 of 17
Change in growth rate Growth -1.1pp +10.2pp 13 of 16
Gross margin Profitability -165.6% 24.6% 14 of 14
Operating margin Profitability -5846.1% -0.5% 13 of 14
Net margin Profitability -6012.3% -36.1% 16 of 17
Free-cash-flow margin Cash generation -3525.5% -34.6% 14 of 16
Stock pay as % of revenue Cash generation 29.7% 13.5% 9 of 13
Long-term debt as % of assets Balance sheet 0.0% 21.3% 1 of 14
Days sales outstanding Balance sheet 482 days 37 days 12 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Metals $1.4M 90.1% ▲ 249.1%
Mining $136,000 8.8% ▼ 94.8%
Corporate and Other $17,100 1.1% ▼ 10.9%
Strategic Investments $0 0.0% —
Bioleum $0 0.0% —
Products and services
Line of business Revenue Share YoY
Decommissioning Services $1.1M 69.7% ▲ 283.8%
Recycling $216,143 13.9% ▲ 291.2%
Mining and Real Estate $153,100 9.9% ▼ 94.1%
Offtake $101,801 6.6% ▲ 59.4%

From Comstock Inc.'s 10-K filed March 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$183M
Institutions reporting
106
Shares held vs prior quarter
▲ 23.7%
Positions opened / closed
35 / 21

Top buyers and sellers, Q2 2026: 65 institutions bought and 43 sold ; the biggest buyer was Blackrock, Inc (+3.8M shares) and the biggest seller Susquehanna International Group, LLP (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Hood River Capital Management LLC $27.8M 6.7M 15.2% ▲ 6.5%
Mak Capital One LLC $21.6M 5.2M 11.8% ▼ 10.0%
Blackrock, Inc. $17.6M 4.2M 9.6% ▲ 951.6%
Vanguard Capital Management LLC $13.6M 3.3M 7.4% ▲ 10.7%
Northern Right Capital Management, L.P. $9.3M 2.2M 5.1% New
Centerbook Partners LP $9M 2.2M 4.9% New
Geode Capital Management, LLC $7.9M 1.9M 4.3% ▲ 132.1%
Gratia Capital, LLC $7.8M 1.9M 4.2% ▲ 68.9%
Flax Pond Capital, LLC $6.7M 1.9M 3.7% ▲ 120.2%
Sei Investments Co $6.6M 1.6M 3.6% ▼ 7.2%
Citadel Advisors LLC $5.2M 1.3M 2.9% ▼ 23.0%
State Street Corp $5M 1.2M 2.7% ▲ 295.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Comstock Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Degasperis Corrado CEO August 6, 2026 Buy 7,250 $3.04 $22,040
Pei Steven Yu-Tsung Director June 12, 2026 Buy 150,000 $4.10 $615,000
Pei Steven Yu-Tsung Director June 11, 2026 Buy 100,000 $4.09 $409,000
Drozdoff Leo M Director June 3, 2026 Buy 7,000 $4.11 $28,770
Degasperis Corrado CEO June 3, 2026 Buy 10,682 $3.98 $42,514
Pei Steven Yu-Tsung Director June 3, 2026 Buy 180,000 $3.93 $707,400
Spence Robert Director June 3, 2026 Buy 24,410 $3.97 $96,908
Pei Steven Yu-Tsung Director June 2, 2026 Buy 153,823 $4.10 $630,674
Pei Steven Yu-Tsung Director June 1, 2026 Buy 26,177 $4.14 $108,373
Pei Steven Yu-Tsung Director May 14, 2026 Buy 79,559 $3.43 $272,887
Pei Steven Yu-Tsung Director May 13, 2026 Buy 345,000 $3.38 $1.2M
Degasperis Corrado CEO May 12, 2026 Buy 35,000 $2.89 $101,150

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • July 24, 2026
  • May 8, 2026
  • March 25, 2026
  • October 30, 2025
  • August 15, 2025
  • August 12, 2025

Recent SEC filings

Data status

When each part of this page on Comstock Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Comstock Inc. in brief

What does Comstock Inc. do?
Comstock Inc. is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
What is Comstock Inc.'s stock ticker?
Comstock Inc. trades under the ticker LODE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Comstock Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Comstock Inc. reported revenue of $1M, 69.1% lower than a year earlier, according to its SEC filings.
What is Comstock Inc.'s free cash flow?
Comstock Inc.'s free-cash-flow margin is -3525.5% of revenue over the trailing twelve months, ranking 14 of the 16 diversified metals & mining companies we cover.
Who are Comstock Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Hood River Capital Management LLC, Mak Capital One LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Comstock Inc.'s market cap?
On December 31, 2025, Comstock Inc.'s market capitalisation was about $138M and net debt of -$17M. Market figures come from third-party market data and may be delayed.
Who are Comstock Inc.'s competitors?
In our Diversified Metals & Mining peer group, the companies closest to Comstock Inc. are Ivanhoe Electric Inc., Atlas Lithium Corp, Metalla Royalty & Streaming Ltd., American Battery Technology Co and United States Antimony Corp. The side-by-side comparison below sets their revenue, margins and growth against Comstock Inc.'s.
Are insiders buying or selling Comstock Inc. stock?
Over the last 12 months, Comstock Inc.'s directors and officers reported 15 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Comstock Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Comstock Inc. announces its own schedule.