10x Insights
Loading account…
Companies / Materials / Comstock Inc.
LODE

Comstock Inc.

MaterialsChemicals
Ticker LODERENO, NVFiscal year ends DecemberBook value per share $8.27Diluted shares 16.6M

Comstock Inc. (NYSE American: LODE) commercializes technologies and systems that recover, process, and convert waste and natural resources into renewable fuels and recycled metals. Its Metals segment recycles end-of-life solar panels, earning revenue from processing fees and sales of recovered materials such as… From the company’s description.

Over the twelve months to Sep 30, 2026, Comstock Inc. reported revenue of $1.33M, down 52.2% from a year earlier, and a net loss of $48.96M. Operations used $31.22M in cash. In fiscal 2025, it reported revenue of $1.55M, down 48.5% from fiscal 2024, and a net loss of $43.17M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.55MFY2025
−48.5% year over year
Last 12 mo $1.33M
-2455.22%FY2025
−1140.1 percentage points
Last 12 mo -3532.20%
$-43.17MFY2025
+19.2% year over year
Last 12 mo $-48.96M
-40.04%FY2025
+49.2 percentage points
Last 12 mo -35.56%
Cash & financing
$-24.39MFY2025
−74.9% year over year
Last 12 mo $-31.22M
$-26.72MFY2025
−79.6% year over year
Last 12 mo $-34.90M
0.20FY2025
Was 0.15× a year earlier
Last 12 mo 0.11
—

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Comstock Inc. does

In the company’s own words

Comstock Inc. (NYSE American: LODE) commercializes technologies and systems that recover, process, and convert waste and natural resources into renewable fuels and recycled metals. Its Metals segment recycles end-of-life solar panels, earning revenue from processing fees and sales of recovered materials such as aluminum, glass, silver, silicon, and copper. Its Fuels segment, operated through Bioleum, develops technologies to convert woody biomass and other lignocellulosic materials into intermediates for advanced fuels, including sustainable aviation fuel, renewable diesel, and cellulosic ethanol; it also licenses selected technologies. Other activities include managing Nevada mining properties and strategic investments in battery-material processing and industrial real estate, alongside corporate services. The company operates a solar-panel recycling demonstration facility in Nevada and has an industry-scale facility under installation and commissioning; Bioleum has demonstration facilities in Wisconsin and plans a commercial demonstration facility in Oklahoma. Comstock and Bioleum had 80 employees combined at year-end 2025. The company was previously known as Comstock Mining Inc. Its website is www.comstock.inc.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
RENO, NV
Fiscal year end
December
CIK
1120970
SIC
2860

Financial performance, year by year

Fiscal 2011–2025 · USD
$-61.30M$-37.61M$-13.91M$9.79M$33.48M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Comstock Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

69
funds hold it
0 of 35
superinvestors hold it
$42.54M
held by funds, at market
13.6%
of shares held by funds

Largest fund holders · Comstock Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Hood River New Opportunities Fund
HRNOX · Manager Directed Portfolios
0.59%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Comstock Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Comstock Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Comstock Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.