Comstock Inc. income statement
In fiscal 2025, Comstock Inc. reported revenue of $1.6m, down 48.5% on the year before, operating income of −$38.1m (a -2455.2% margin) and net income of −$43.1m, or −$1.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 5 | 25 | 26 | 18 | 5 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 2 | 1 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
| Gross profit | — | — | — | — | — | — | — | — | — | 0 | 1 | 0 | 1 | 3 | −1 | −2 |
| Research and development | — | — | — | — | — | — | — | — | — | 0 | 0 | 7 | 6 | 19 | 12 | 11 |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | 4 | 6 | 10 | 13 | 13 | 21 | 27 |
| General and administrative | 4 | 13 | 10 | 6 | 7 | 4 | 3 | 3 | 3 | — | — | — | — | — | — | — |
| Operating income | −16 | −30 | −21 | −9 | −12 | −10 | −9 | −7 | −5 | −5 | −6 | −19 | −13 | −40 | −38 | −59 |
| Interest expense | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 0 | 2 | 2 | 3 | 2 | 1 |
| Income before tax | −12 | −31 | −21 | −10 | −10 | −13 | −11 | −9 | −4 | 15 | −30 | −47 | — | 53 | 43 | — |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −6 | 0 | 0 | 0 | 0 | — |
| 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 | — |
| Diluted shares (average) | — | — | — | — | — | — | — | 1m | 2m | 3m | 5m | 7m | 11m | 17m | 37m | — |
| EBITDA | −15 | −28 | −16 | −2 | −5 | −4 | −5 | −4 | −4 | −4 | −5 | −16 | −10 | −37 | −34 | −54 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cost of revenue | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Gross profit | 1 | 1 | −0 | −0 | −0 | −0 | −0 | −1 |
| Research and development | 1 | 14 | 3 | 2 | 2 | 5 | 2 | 2 |
| Selling, general and administrative | 3 | 3 | 3 | 5 | 6 | 7 | 7 | 7 |
| Operating income | −14 | −16 | −7 | −8 | −10 | −13 | −9 | −27 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Net income | −15 | −23 | −9 | −8 | −13 | −13 | −9 | −25 |
| Diluted EPS | −$0.80 | −$3.01 | — | — | — | — | — | — |
| EBITDA | −13 | −15 | −7 | −7 | −9 | −12 | −8 | −26 |
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