Comstock (LODE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Comstock

NYSE American•Basic Materials•Other Precious Metals & Mining

$3.11-0.11(-0.03%)Market closed

Market Cap

$188.77M

P/S

186.0x

P/B

1.3x

Comstock Inc. commercializes technologies, systems, and supply chains that extract, process, and convert under-utilized waste and natural resources into clean energy and clean energy supporting products in the United States. It operates through the Fuels, Metals, Mining, and Strategic Investments segments. The company develops and commercializes technology that extracts and converts wasted and unused lignocellulosic biomass into intermediates for refining into advanced renewable fuels. It also owns 100% in the Lucerne Project located in the Storey County, Nevada; and the Spring Valley Project situated in the Lyon County, Nevada. In addition, the company offers engineering and construction services; and invests in non-mining real estate, water rights, and securities investments. Comstock Inc. company was incorporated in 1999 and is based in Virginia City, Nevada.

How this company scores

WeakMetricSide Score: 21/100

Grade capped at D — Interest coverage below 1× (-66.7x) — earnings cannot cover interest. Strongest: Balance Sheet & Red Flags (7/25); weakest: Cash & Earnings Quality (4/25).

Profitability4/25

Growth6/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality4/25

Strengths

Net cash positionNo share dilution

Grade capped at D

Interest coverage below 1× (-66.7x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.2x5y range 37.2x – 60.3x

P/S · 186.0x5y range 17.5x – 5266.2x

Currently below its 20-quarter median.

P/B · 1.3x5y range 1.0x – 14.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $188.77M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.01M
Q. Revenue: $272,824
TTM EBITDA: $-54.12M
TTM Op. Income: $-59.32M
Q. Op. Income: $-26.94M
TTM Net Income: $-61.01M
Q. Net Income: $-25.47M
EPS: $-0.34
Shares Out.: $75.81M

$1.01M in TTM revenue declined 69.1% YoY, reaching $272,824 last quarter. TTM EBITDA of $-54.12M and TTM operating income of $-59.32M show growth is flowing through to the bottom line. However, net income is negative at $61.01M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: -328.4%
EBITDA Margin: -9498.7%
Op. Margin: -9872.8%
Net Margin: -9335.1%

Op. margin of -9872.8% is down 7614.8% YoY — costs are rising relative to revenue. Net margin at -9335.1% and gross margin of -328.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 337% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 186.0x
P/B Ratio: 1.3x

P/S of 186.0x and P/B of 1.3x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $193.55M
Cash: $31.41M
Long-Term Debt: N/A
Book Value: $140.67M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-10.10M
TTM Free Cash Flow: $-39.16M
FCF Margin: -3859.7%
FCF / Net Income: 0.6

TTM FCF of $-39.16M on $-10.10M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.