Is Comstock going out of business?

Comstock Inc. (LODE) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

Comstock Inc. (LODE) scores 3 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 164.52% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Fragile

6-9 mo of estimated runway from 2026-06-30, based on $31.4M of cash and short-term investments against $53.1M of annual burn. Adjusted shares outstanding increased 164.5% over the comparison year.

Business quality - Poor

-5846.1% operating margin and -5236.8% FCF margin produce a poor Business Quality assessment.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Extreme expectations

-5.2% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• Shares dilution YoY: 164.52% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: -0.09x (Net Cash)
• ROE quality: -44.42%
• ROIC: -37.75%
• Gross margin (industrial): -328.44%
• FCF margin: -5236.84%
• Revenue CAGR (3Y): 105.84%
• Revenue growth YoY: -19.65% (Industrial YoY)
• Return on Assets: -31.52%
• Asset Efficiency: 0.01x
• Net income trend: -225.39%
• Cash Burn Deceleration: -352.39% QoQ improvement (Worsening)

Read from filings through 2026-07-23.

Price as of 2026-08-22.