LODE Stock Financial Analysis - Comstock Inc. (NYSEAM) Stock

Overview

Comstock Inc., headquartered in the United States, operates primarily within the mining sector with a significant emphasis on natural resources and renewable energy projects. The company's portfolio comprises the exploration, development, and monetization of mineral assets, notably in key commodities such as gold and silver. Notably, Comstock has diversified its operations to include renewable energy initiatives, focusing on the extraction and valorization of critical minerals used in various green technologies. Its flagship projects, situated predominantly in the historical Comstock Lode region of Nevada, aim to leverage technological innovations in metal recovery and environmental restoration to drive sustainable growth and shareholder value in the evolving energy landscape.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Comstock Inc. as of June 30, 2025 is 3.28 MM.
The operating income for Comstock Inc. as of June 30, 2025 is -36.17 MM.
The net income for Comstock Inc. as of June 30, 2025 is -54.71 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	3.28	-36.17	-54.71
2025-03-31	3.38	-33.87	-55.51
2024-12-31	3.02	-31.48	-53.32
2024-09-30	1.86	-19.11	-22.57
2024-06-30	2.07	-18.93	4.76
2024-03-31	1.67	-19.30	7.93
2023-12-31	1.27	-19.91	9.16
2023-09-30	0.86	-21.84	-19.45
2023-06-30	0.14	-21.37	-36.94
2023-03-31	0.15	-21.28	-45.24
2022-12-31	0.18	-20.42	-45.95
2022-09-30	0.54	-17.59	-42.23
2022-06-30	0.87	-15.33	-46.60
2022-03-31	0.87	-11.19	-39.15
2021-12-31	0.86	-6.41	-24.58
2021-09-30	0.52	-4.59	-11.04
2021-06-30	0.21	-4.35	15.79
2021-03-31	0.20	-3.85	23.38
2020-12-31	0.20	-5.47	14.93
2020-09-30	0.20	-5.44	18.06

Income Statement: EPS

The earnings per share basic for Comstock Inc. as of June 30, 2025 is -2.33.
The earnings per share diluted for Comstock Inc. as of June 30, 2025 is -2.33.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	-2.33	-2.33
2025-03-31	-2.81	-2.81
2024-12-31	-3.21	-3.21
2024-09-30	-1.60	-1.52
2024-06-30	0.39	0.36
2024-03-31	0.72	0.72
2023-12-31	0.87	0.87
2023-09-30	-1.99	-2.01
2023-06-30	-4.13	-4.11
2023-03-31	-5.56	-5.63
2022-12-31	-6.17	-6.20
2022-09-30	-6.06	-6.09
2022-06-30	-7.26	-7.28
2022-03-31	-6.77	-6.74
2021-12-31	-4.88
2021-09-30	-2.60	-2.62
2021-06-30	4.28	4.30
2021-03-31	7.05	7.10
2020-12-31	4.89	4.90
2020-09-30	6.40	6.38

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Comstock Inc. as of June 30, 2025 is -17.89 MM.
The cash from investing activities for Comstock Inc. as of June 30, 2025 is -5.63 MM.
The cash from financing activities for Comstock Inc. as of June 30, 2025 is 42.00 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-17.89	-5.63	42.00
2025-03-31	-15.07	-5.68	24.19
2024-12-31	-13.94	-6.48	17.59
2024-09-30	-12.06	-9.69	19.67
2024-06-30	-12.78	-4.74	16.04
2024-03-31	-13.61	-6.86	12.83
2023-12-31	-13.63	3.63	11.26
2023-09-30	-11.54	2.62	11.20
2023-06-30	-11.07	-0.55	8.86
2023-03-31	-12.09	4.36	13.59
2022-12-31	-12.11	-3.73	12.45
2022-09-30	-14.25	-4.85	16.84
2022-06-30	-11.88	-8.51	19.48
2022-03-31	-9.15	-13.08	14.18
2021-12-31	-7.49	-16.10	27.07
2021-09-30	-6.34	-7.80	15.88
2021-06-30	-6.70	-4.29	15.28
2021-03-31	-5.80	-0.18	15.25
2020-12-31	-3.76	3.21	1.97
2020-09-30	-2.43	0.84	3.00

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Comstock Inc. as of June 30, 2025 is -1.84.
The p/book for Comstock Inc. as of June 30, 2025 is 1.72.
The p/tbv for Comstock Inc. as of June 30, 2025 is 1.90.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	-1.84	1.72	1.90
2025-03-31	-1.21	1.08	1.19
2024-12-31		2.72	2.98
2024-09-30	17.93	1.14	1.42
2024-06-30	2.96	0.32	0.40
2024-03-31		0.51	0.64
2023-12-31	-3.23	0.90	1.17
2023-09-30	-1.19	0.86	1.28
2023-06-30	-1.58	1.31	1.92
2023-03-31	-0.72	0.58
2022-12-31		0.31	0.59
2022-09-30		0.42	0.79
2022-06-30	-1.06	0.51	0.90
2022-03-31	-4.69	1.24	2.02
2021-12-31	-7.51	0.85	1.14
2021-09-30	10.60	2.38	2.47
2021-06-30
2021-03-31	2.38	0.87	0.87
2020-12-31	3.07	1.44	1.44
2020-09-30	2.50	1.28	1.28

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Comstock Inc. as of June 30, 2025 is -0.49.
The ebit (3y)/ev for Comstock Inc. as of June 30, 2025 is -0.26.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.49	-0.26
2025-03-31	-0.74	-0.42
2024-12-31	-0.12	-0.10
2024-09-30	0.06	-0.21
2024-06-30	0.27	-0.80
2024-03-31	0.21	-0.44
2023-12-31	-0.25	-0.36
2023-09-30	-0.73	-0.48
2023-06-30	-0.63	-0.38
2023-03-31	-1.14	-0.56
2022-12-31	-1.68	-0.48
2022-09-30	-1.49	-0.43
2022-06-30	-0.95	-0.20
2022-03-31	-0.26	-0.03
2021-12-31	-0.14	0.00
2021-09-30	0.10	0.06
2021-06-30
2021-03-31	0.48	0.08
2020-12-31	0.32	0.01
2020-09-30	0.37	0.02

Management Effectiveness

The roa for Comstock Inc. as of June 30, 2025 is -0.53.
The roe for Comstock Inc. as of June 30, 2025 is -0.74.
The roic for Comstock Inc. as of June 30, 2025 is -0.68.
The croic for Comstock Inc. as of June 30, 2025 is 0.04.
The ocroic for Comstock Inc. as of June 30, 2025 is -0.18.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.53	-0.74	-0.68	0.04	-0.18
2025-03-31	-0.51	-0.72	-0.68	-0.04	-0.18
2024-12-31	-0.21	-0.29	-0.27	-0.02	-0.14
2024-09-30	0.05	0.07	0.06	-0.02	-0.15
2024-06-30	0.08	0.15	0.09	-0.09	-0.16
2024-03-31	0.09	0.16	0.10	0.01	-0.15
2023-12-31	-0.17	-0.27	-0.24	0.03	-0.15
2023-09-30	-0.31	-0.49	-0.63	-0.05	-0.19
2023-06-30	-0.38	-0.60	-0.62	-0.05	-0.19
2023-03-31	-0.40	-0.56	-0.72	0.09	-0.19
2022-12-31	-0.39	-0.43	-0.46	-0.02	-0.16
2022-09-30	-0.43	-0.48	-0.45	-0.02	-0.16
2022-06-30	-0.51	-0.56	-0.50	-0.01	-0.13
2022-03-31	-0.35	-0.39	-0.39	-0.08	-0.09
2021-12-31	-0.26	-0.35	-0.23	0.03	-0.06
2021-09-30	0.33	0.45	-0.11	0.02	-0.10
2021-06-30	0.36	0.57	0.21	0.06	-0.09
2021-03-31	0.60	1.04	0.35	0.14	-0.09
2020-12-31	0.38	0.64	0.42	0.04	-0.11
2020-09-30	0.51	2.03	0.45	0.04	-0.06

Gross Margins

The gross margin for Comstock Inc. as of June 30, 2025 is 0.60.
The net margin for Comstock Inc. as of June 30, 2025 is -16.44.
The operating margin for Comstock Inc. as of June 30, 2025 is -10.03.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.60	-16.44	-10.03
2025-03-31	0.85	-17.68	-10.44
2024-12-31	1.00	-12.10	-10.25
2024-09-30	1.00	2.30	-9.15
2024-06-30	1.00	4.75	-11.56
2024-03-31	1.00	7.19	-15.62
2023-12-31	1.00	-22.68	-25.47
2023-09-30	1.00	-270.28	-156.37
2023-06-30	1.00	-270.28	-156.37
2023-03-31	1.00	-293.24	-137.96
2022-12-31	0.50	-77.66	-32.84
2022-09-30	0.69	-77.66	-41.10
2022-06-30	0.69	-53.77	-29.68
2022-03-31	0.68	-45.09	-10.24
2021-12-31	0.05	-28.51	-7.74
2021-09-30	-0.54	-21.17	-8.75
2021-06-30	-0.54	75.89	-20.93
2021-03-31	-0.37	115.89	-19.10
2020-12-31	-4.73	74.03	-27.14
2020-09-30	-5.37	92.29	-27.82