The indoor farming company expands retail pilot to 400 Mid-Atlantic stores as it aims for positive adjusted EBITDA.
Local Bounti reported Q2 2026 revenue of $13.9 million, a 14% year-over-year increase and sequential growth from Q1. The company highlighted progress toward profitability as it scales operations.
Management noted food safety has gained prominence in consumer discussions, potentially benefiting its controlled-environment agriculture model. The company is launching a fall pilot in approximately 400 Mid-Atlantic stores.
Local Bounti aims to achieve positive adjusted EBITDA as part of its long-term financial targets.