LODE (LODE) financial statements
LODE reported revenue of $2M in fiscal 2025, down 12.3% a year over 9 years.
Net income was -$43M and the operating margin -2455.2%, against -201.4% in 2016.
The diluted share count rose 939% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LODE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $104,329 | $150,289 | $179,632 | $201,700 | $862,165 | $178,150 | $1M | $3M | $2M |
| Cost of revenue | — | — | — | — | $51,890 | $272,082 | $0 | $0 | $451,938 | $3M |
| Gross profit | — | — | — | — | $149,810 | $590,083 | $178,150 | $1M | $3M | -$1M |
| Research and development | — | — | — | — | $0 | $414,751 | $7M | $6M | $19M | $12M |
| Selling, general and admin | $4M | $3M | $3M | $3M | $4M | $6M | $10M | $13M | $13M | $21M |
| Operating income | -$10M | -$9M | -$7M | -$5M | -$5M | -$6M | -$19M | -$13M | -$40M | -$38M |
| Interest expense | $753,670 | $2M | $1M | $879,530 | $421,887 | $168,881 | $2M | $2M | $3M | $2M |
| Pre-tax income | -$13M | -$11M | -$9M | -$4M | $15M | -$30M | -$47M | — | $53M | $43M |
| Income tax | $0 | $0 | $0 | $0 | $0 | -$6M | $0 | $0 | $0 | $0 |
| Net income | -$13M | -$11M | -$9M | -$4M | $15M | -$25M | -$47M | $9M | -$53M | -$43M |
| EPS (diluted) | -$3.70 | -$2.60 | -$7.90 | -$2.00 | $4.90 | -$4.90 | -$6.20 | $0.87 | -$3.21 | -$1.17 |
| Diluted shares | 4M | 4M | 1M | 2M | 3M | 5M | 7M | 11M | 17M | 37M |
| Gross margin | — | — | — | — | 74.3% | 68.4% | 100.0% | 100.0% | 85.0% | -69.1% |
| Operating margin | -201.4% | -8509.6% | -4924.1% | -2975.2% | -2714.1% | -743.0% | -10868.0% | -989.0% | -1315.1% | -2455.2% |
| Net margin | -255.7% | -10137.3% | -6308.3% | -2118.3% | 7403.1% | -2851.4% | -26235.3% | 718.9% | -1767.9% | -2772.3% |
Balance sheet
Fiscal years, from LODE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $184,359 | $2M | $488,657 | $1M | $2M | $6M | $3M | $23M | $954,271 | $17M |
| Receivables | $0 | — | — | — | — | — | $5M | $26,364 | $2M | $1M |
| Inventory | $0 | — | — | — | — | — | — | — | — | — |
| Total current assets | $8M | $8M | $9M | $13M | $21M | $14M | $31M | $23M | $13M | $21M |
| Property, plant and equipment | $15M | $13M | $10M | $8M | $9M | $15M | $13M | $15M | $9M | $30M |
| Goodwill | — | — | — | — | $0 | $13M | $0 | — | $0 | $2M |
| Total assets | $34M | $31M | $29M | $40M | $43M | $127M | $100M | $106M | $91M | $170M |
| Total current liabilities | $2M | $1M | $2M | $4M | $5M | $24M | $32M | $15M | $8M | $10M |
| Long-term debt | $9M | $10M | $9M | $5M | $0 | $4M | $6M | $5M | $8M | $0 |
| Total liabilities | $19M | $19M | $19M | $16M | $11M | $34M | $44M | $28M | $32M | $59M |
| Shareholders' equity | $14M | $12M | $9M | $23M | $32M | $90M | $54M | $78M | $60M | $108M |
| Net debt | $9M | $8M | $9M | $4M | $1M | -$1M | $5M | $6M | $8M | -$17M |
Cash flow
Fiscal years, from LODE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3M | -$7M | -$4M | -$2M | -$4M | -$7M | -$12M | -$14M | -$14M | -$24M |
| Capital spending | $746,536 | $130,166 | $2M | $2M | $130,750 | $78,467 | $1M | $2M | — | — |
| Free cash flow | -$3M | -$7M | -$6M | -$5M | -$4M | -$8M | -$13M | -$15M | — | — |
| Stock-based compensation | $18,900 | $0 | $0 | $0 | $204,249 | $463,986 | $481,997 | -$2,256 | $41,799 | $0 |
| Net borrowing | $925,000 | $9M | $0 | $0 | — | — | — | $5M | $11M | $7M |
| Free cash flow margin | -66.0% | -6387.9% | -3781.4% | -2640.7% | -1931.2% | -878.1% | -7364.2% | -1211.8% | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LODE.
Open LODE in InvestinglyQuestions
What was LODE's revenue in 2025?
$2M in fiscal 2025, from its 10-K filing.
From LODE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.