Local Bounti Corporation reported third quarter 2025 sales of $12.2 million, an increase of 19% compared to $10.2 million in the prior year period. Gross profit for the quarter was $1.4 million. The company's adjusted gross margin percentage, excluding depreciation, stock-based compensation, and other non-core items, was approximately 29%, compared to 32% in the year-ago period. As of September 30, 2025, Local Bounti had approximately 22.1 million shares outstanding, with a fully diluted share count of about 36.1 million shares including warrants, restricted stock units, and convertible notes. During the period, Local Bounti closed a $25 million equity investment, amended its credit facility with a new $312 million senior secured debt agreement, and canceled approximately $197 million of debt principal and accrued interest. The company also expects to receive around $2 million in cash from an equipment leasing transaction in the coming weeks.