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Companies / Materials / Comstock Inc.
LODE

Comstock Inc.

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

Comstock Inc. (NYSE American: LODE) operates as an innovative technology commercialization company focused on extracting, processing, and converting underutilized waste and natural resources into clean energy and supporting products. The company maintains its website at www.comstock.inc. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.55M
−48.5% year over year
Last 12 mo $1.01M
-2455.22%
−1140.1 percentage points
Last 12 mo -5846.13%
$-43.17M
+19.2% year over year
Last 12 mo $-61.10M
-40.04%
+49.2 percentage points
Last 12 mo -44.42%
Cash & financing
$-24.39M
−74.9% year over year
Last 12 mo $-30.53M
$-26.72M
−79.6% year over year
Last 12 mo $-39.16M
0.25
Was 0.15× a year earlier
Last 12 mo 0.10
—

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) operates as an innovative technology commercialization company focused on extracting, processing, and converting underutilized waste and natural resources into clean energy and supporting products. The company maintains its website at www.comstock.inc.

The company operates through five primary business activities organized into two high-growth segments plus corporate functions. The Metals Segment, administered through wholly owned subsidiary Comstock Metals LLC, specializes in solar panel recycling and materials recovery solutions. This segment operates a demonstration-scale solar panel recycling facility generating revenue through decommissioning service fees, environmental remediation tipping fees, and offtake sales of recycled materials including aluminum, glass pearls, and concentrated tailings containing silver, silicon, copper, and other critical metals. Comstock Metals has completed permitting for its first industry-scale production facility and secured a second site in the greater Las Vegas area.

The Fuels Segment, administered through majority-owned subsidiary Bioleum Corporation, develops and commercializes technologies that extract and convert lignocellulosic biomass into intermediates for refining into advanced renewable fuels including sustainable aviation fuel, renewable diesel, and cellulosic ethanol. Bioleum operates two Wisconsin renewable fuels demonstration facilities, two pilot farms for energy crops, and is installing its first fully integrated biorefinery in Tulsa, Oklahoma.

The Mining Segment owns, controls, or retains royalty interests on approximately seven square miles of patented and unpatented mining claims and surface parcels in Nevada containing measured, indicated, and inferred gold and silver mineral resources. The Strategic Investments Segment holds minority equity investments in Green Li-ion and Sierra Springs Opportunity Fund supporting the Metals and Fuels segments.

Comstock and Bioleum collectively employ approximately 80 personnel across research, engineering, geological, agronomical, operating, regulatory, environmental, managerial, financial, and administrative functions. The company competes in nascent and established industries including solar panel recycling, biomass-based renewable fuels, and precious metals mining, facing competition from larger, better-capitalized competitors across all segments.

Company details
Sector
Materials
Industry
Chemicals
Headquarters
VIRGINIA CITY,, NV
Fiscal year end
December
CIK
1120970
SIC
2860

Financial performance, year by year

Fiscal 2013–2025 · USD
$-69.77M$-43.76M$-17.76M$8.25M$34.25M2013201420152016201720182019202020212022202320242025Last 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.

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  • “How do Comstock Inc. and its peers compare on margins and cash generation over ten years?”
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