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Comstock Inc.

LODE Clue Score71
United States Fiscal year ends December CIK 0001120970
$2.13 -3.62% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.13 −13.06% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue5.1Operating income−10.2Net income−13.0EPS, diluted−0.37Fiscal year 2017Revenue0.1 −97.9%Operating income−8.9Net income−10.6EPS, diluted−0.26Fiscal year 2018Revenue0.2 +44.1%Operating income−7.4Net income−9.5Fiscal year 2019Revenue0.2 +19.5%Operating income−5.3Net income−3.8EPS, diluted−0.20Fiscal year 2020Revenue0.2 +12.3%Operating income−5.5Net income14.9EPS, diluted0.49Fiscal year 2021Revenue0.9 +327.4%Operating income−6.4Net income−24.6 −264.6%EPS, diluted−0.49Fiscal year 2022Revenue0.2 −79.3%Operating income−19.4Net income−46.7EPS, diluted−0.62Fiscal year 2023Revenue1.3 +615.4%Operating income−12.6Net income9.2EPS, diluted0.87Fiscal year 2024Revenue3.0 +136.7%Operating income−39.7Net income−53.3 −682.0%EPS, diluted−3.21Fiscal year 2025Revenue1.6 −48.5%Operating income−38.1Net income−43.1EPS, diluted−1.17
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.1 0.1 0.2 0.2 0.2 0.9 0.2 1.3 3.0 1.6
Growth −97.9% +44.1% +19.5% +12.3% +327.4% −79.3% +615.4% +136.7% −48.5%
Operating income −10.2 −8.9 −7.4 −5.3 −5.5 −6.4 −19.4 −12.6 −39.7 −38.1
Net income −13.0 −10.6 −9.5 −3.8 14.9 −24.6 −46.7 9.2 −53.3 −43.1
Growth −264.6% −682.0%
EPS, diluted −0.37 −0.26 n/a −0.20 0.49 −0.49 −0.62 0.87 −3.21 −1.17

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−201.4%Net margin−255.7%Free cash flow margin−66.0%Fiscal year 2017Operating margin−8,509.6%Net margin−10,137.3%Free cash flow margin−6,387.9%Fiscal year 2018Operating margin−4,924.1%Net margin−6,308.3%Free cash flow margin−3,781.4%Fiscal year 2019Operating margin−2,975.2%Net margin−2,118.3%Free cash flow margin−2,640.7%Fiscal year 2020Gross margin74.3%Operating margin−2,714.1%Net margin7,403.1%Free cash flow margin−1,931.2%Fiscal year 2021Gross margin68.4%Operating margin−743.0%Net margin−2,851.4%Free cash flow margin−878.1%Fiscal year 2022Gross margin100.0%Operating margin−10,868.0%Net margin−26,235.3%Free cash flow margin−7,364.2%Fiscal year 2023Operating margin−989.0%Net margin718.9%Free cash flow margin−1,211.8%Fiscal year 2024Operating margin−1,315.1%Net margin−1,767.9%Fiscal year 2025Operating margin−2,455.2%Net margin−2,772.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a 74.3% 68.4% 100.0% n/a n/a n/a
Operating margin −201.4% −8,509.6% −4,924.1% −2,975.2% −2,714.1% −743.0% −10,868.0% −989.0% −1,315.1% −2,455.2%
Net margin −255.7% −10,137.3% −6,308.3% −2,118.3% 7,403.1% −2,851.4% −26,235.3% 718.9% −1,767.9% −2,772.3%
Free cash flow margin −66.0% −6,387.9% −3,781.4% −2,640.7% −1,931.2% −878.1% −7,364.2% −1,211.8% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−2.6Capital expenditure−0.7Free cash flow−3.3Fiscal year 2017Operating cash flow−6.5Capital expenditure−0.1Free cash flow−6.7Fiscal year 2018Operating cash flow−4.0Capital expenditure−1.7Free cash flow−5.7Fiscal year 2019Operating cash flow−2.3Capital expenditure−2.4Free cash flow−4.7Fiscal year 2020Operating cash flow−3.8Capital expenditure−0.1Free cash flow−3.9Fiscal year 2021Operating cash flow−7.5Capital expenditure−0.1Free cash flow−7.6Fiscal year 2022Operating cash flow−12.1Capital expenditure−1.0Free cash flow−13.1Fiscal year 2023Operating cash flow−13.6Capital expenditure−1.8Free cash flow−15.4Fiscal year 2024Operating cash flow−13.9Fiscal year 2025Operating cash flow−24.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −2.6 −6.5 −4.0 −2.3 −3.8 −7.5 −12.1 −13.6 −13.9 −24.4
Capital expenditure −0.7 −0.1 −1.7 −2.4 −0.1 −0.1 −1.0 −1.8 n/a n/a
Free cash flow −3.3 −6.7 −5.7 −4.7 −3.9 −7.6 −13.1 −15.4 n/a n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.2Total debt9.5Net cash (debt)−9.3Shareholders’ equity14.4Debt to equity0.66Fiscal year 2017Cash2.1Total debt10.3Net cash (debt)−8.2Shareholders’ equity11.9Debt to equity0.86Fiscal year 2018Cash0.5Total debt9.2Net cash (debt)−8.7Shareholders’ equity9.4Debt to equity0.98Fiscal year 2019Cash1.0Total debt5.4Net cash (debt)−4.4Shareholders’ equity23.2Debt to equity0.23Fiscal year 2020Cash2.4Total debt3.6Net cash (debt)−1.1Shareholders’ equity31.8Debt to equity0.11Fiscal year 2021Cash5.9Total debt4.5Net cash (debt)1.4Shareholders’ equity89.6Debt to equity0.05Fiscal year 2022Cash2.5Total debt7.9Net cash (debt)−5.4Shareholders’ equity53.6Debt to equity0.15Fiscal year 2023Cash3.8Total debt9.9Net cash (debt)−6.1Shareholders’ equity78.3Debt to equity0.13Fiscal year 2024Cash1.0Total debt8.5Net cash (debt)−7.5Shareholders’ equity59.8Debt to equity0.14Fiscal year 2025Cash17.0Total debt0.0Net cash (debt)17.0Shareholders’ equity107.6Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.2 2.1 0.5 1.0 2.4 5.9 2.5 3.8 1.0 17.0
Total debt 9.5 10.3 9.2 5.4 3.6 4.5 7.9 9.9 8.5 0.0
Net cash (debt) −9.3 −8.2 −8.7 −4.4 −1.1 1.4 −5.4 −6.1 −7.5 17.0
Shareholders’ equity 14.4 11.9 9.4 23.2 31.8 89.6 53.6 78.3 59.8 107.6
Debt to equity 0.66 0.86 0.98 0.23 0.11 0.05 0.15 0.13 0.14 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a 74.3% 68.4% 100.0% n/a n/a n/a
−201.4% −8,509.6% −4,924.1% −2,975.2% −2,714.1% −743.0% −10,868.0% −989.0% −1,315.1% −2,455.2%
−255.7% −10,137.3% −6,308.3% −2,118.7% 7,403.1% −3,518.1% −26,235.3% n/a 1,767.9% 2,772.3%
−255.7% −10,137.3% −6,308.3% −2,118.3% 7,403.1% −2,851.4% −26,235.3% 718.9% −1,767.9% −2,772.3%
−66.0% −6,387.9% −3,781.4% −2,640.7% −1,931.2% −878.1% −7,364.2% −1,211.8% n/a n/a
Spending
n/a n/a n/a n/a 0.0% 48.1% 3,942.3% 480.0% 633.2% 792.9%
69.4% 2,487.6% 2,264.9% 1,841.1% 2,182.3% 643.4% 5,749.8% 987.8% 421.2% 1,330.4%
14.7% 124.8% 1,101.8% 1,356.3% 64.8% 9.1% 569.2% 142.7% n/a n/a
n/a n/a n/a n/a 0.0% n/a n/a n/a 0.0% 0.0%
Returns
−89.9% −89.1% −101.0% −16.4% 47.0% −27.4% −87.2% 11.7% −89.2% −40.0%
−38.3% −34.2% −33.1% −9.6% 34.6% −19.4% −46.7% 8.6% −58.4% −25.4%
Balance and payout
0.66 0.86 0.98 0.23 0.11 0.05 0.15 0.13 0.14 0.00
57.4% 61.7% 67.2% 40.6% 26.3% 26.8% 43.7% 26.5% 34.5% 34.6%