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. A disclosed filing event caps this reading; Event Risk carries the detail.

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

-7.2% normalized FCF yield supports an extreme expectations Valuation assessment on the ttm basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

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%
• Filing event risk: Going-Concern Warning (-8 pts)
• 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%

Read from filings through 2026-08-24.

Price as of 2026-09-26.