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Comstock Inc. LODE Metals — Intangible Impairment

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Other financials

Income statement

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Revenue$272.8K-19.7%
Gross profit-$896.1K-88.9%
Operating income-$26.9M-251%
Net income-$25.5M-225%
EPS (diluted)-$3.01-450%

Balance sheet

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Cash & equivalents$31.4M+69.0%
Total debt$19.4M+4.0%
Total equity$137.3M+55.1%
Total assets$193.5M+30.6%

Cash flow

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Operating cash flow-$10.1M-110%
CapEx--100%
Free cash flow-$3.5M+2.7%

Valuation

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Market cap$246.98M+150%
Enterprise value$234.98M+137%
P/S243.4×+213×

Profitability

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Gross margin-165.6%-200pp
Operating margin-5,846.1%-8,341pp
Net margin-6,012.3%-9,757pp
FCF margin-462.3%-171pp

Returns & leverage

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Return on equity-54%-8.7pp
Debt / equity0.1×-0.1×
Current ratio3.2×+1.7×

Where this comes from

Reported directly by Comstock Inc. in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The source filing: Comstock Inc.’s 10-K, filed March 24, 2026.

Filed
Mar 24, 2026, 4:06 PM EDT
Fiscal year
FY2025
Accession
0001437749-26-009589

In 2025, we determined that our ability to reprocess clean and reusable materials does not require the use of developed technology that we acquired in 2024. As a result, the Company recorded an impairment of $9,333 for the net balance of the intangible associated with the developed technology in our Corporate Segment. The total impairment in intangible assets of $9,333 was recognized during the year ended December 31, 2025 in our consolidated statement of operations. In 2024, we determined that our ability to reprocess clean and reusable materials does not require the use of developed technology that we acquired in 2021. As a result, the Company recognized an impairment of $8,655,176 for the net balance of the intangible associated with the developed technology in our Metals Segment. In addition, we recognized an impairment related to trademark of $5,133 in our Corporate Segment and license of $7,560 in our Strategic Investment Segment. The total impairment in intangible assets of $8,667,869 was recognized during the year ended December 31, 2024, in our consolidated statement of operations.

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FAQ

What is Comstock Inc.'s metals — intangible impairment?
Comstock Inc. (LODE) reported metals — intangible impairment of $2.16M in Q4 2025.
What does metals — intangible impairment mean?
The non-cash expense recognized when the carrying amount of finite-lived intangible assets in the Metals segment exceeds their recoverable amount. This indicates a reduction in the expected future economic benefits derived from specific intellectual property or licenses.

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