**Comstock Inc. Reports Fiscal Year 2025 Results**
Comstock Inc. (NYSE American: LODE), a company focused on commercializing technologies for clean energy and resource recovery, reported its financial results for the fiscal year ended December 31, 2025. The company's revenue decreased to $1.55 million from $3.02 million in 2024, primarily due to lower revenues from the Mining segment, offset by higher revenues from the Metals segment. Cost of goods sold increased to $2.63 million compared to $0.45 million in the previous year, reflecting the commencement of operations at the company's commercial demonstration facility for metal recycling.
Operating expenses totaled $37.08 million, a decrease from $42.23 million in 2024. Selling, general, and administrative expenses increased to $20.67 million, while research and development expenses decreased to $12.32 million. Depreciation and amortization expenses increased to $3.84 million, and impairment of intangible assets decreased to $9,333. The company reported a loss from operations of $38.15 million, compared to a loss of $39.67 million in the prior year.
Net loss for the year was $43.17 million, or $1.17 per share, compared to a net loss of $53.40 million, or $3.21 per share, in 2024. The company's Metals segment reported a loss from operations of $4.91 million, while the Mining segment reported a loss of $1.66 million. The Strategic Investments segment reported a loss of $13,604, and the Corporate segment reported a loss of $10.02 million. The Bioleum segment reported a loss from operations of $21.55 million. As of December 31, 2025, Comstock Inc. had total assets of $169.60 million, including $16.95 million in cash and cash equivalents.
Subsequent to the fiscal year-end, Comstock Inc. completed a Confidentially Marketed Public Offering (CMPO) in January 2026, raising $50 million in gross proceeds. The company intends to use these funds to support its operations and strategic initiatives, including the construction and commissioning of its first industry-scale solar panel recycling facility. The company also sold its royalty interest in certain mining claims for $1.1 million in cash. Comstock Inc. is focused on commercializing its Metals and Fuels segments, with plans to expand its solar panel recycling capacity and advance its renewable fuel technologies.
About Comstock Inc.
Comstock Inc. develops and commercializes technologies for renewable fuels from waste biomass, critical metals from electronics recycling, and mineral resources. Its core segments include renewable fuels, metals recycling, and mining, serving energy, manufacturing, and resource industries. The company leverages proprietary processes, strategic investments, and licensing to promote sustainable energy, resource independence, and environmental stewardship. It operates through innovative, technology-driven business models focused on long-term value creation.
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