Is Comstock Inc. financially healthy?

Comstock Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Comstock Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), CITADEL ADVISORS LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Comstock Inc. (LODE)

NYSE · Common Stock · Industrial Organic Chemicals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

FAILReturn on assets positiveROA -25.4%
FAILOperating cash flow positiveOCF -24M
PASSReturn on assets improving-58.4% → -25.4%
PASSCash flow exceeds earningsOCF -24M vs NI -43M
PASSLong-term debt ratio falling9.2% → 0.0% of assets
PASSCurrent ratio improving1.55 → 2.06
FAILNo share dilution17M → 37M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.03× → 0.01×

Altman Z-score

-2.07distress

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 56.6%
Share count change: 120.9%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$201,700	$14.9M	−$3.9M	74.3%	30,561,168
FY2021	$862,165	−$24.6M	−$7.6M	68.4%	50,417,979
FY2022	$178,150	−$46.7M	−$13.1M	100.0%	74,458,028
FY2023	$1.3M	$10.5M	−$15.4M	—	105,169,364
FY2024	$3.0M	−$53.3M	—	—	16,613,755
FY2025

Ownership flow

10 institutions tracked — 4 added, 4 reduced, 2 opened a new position, 1 sold out. Index money added 5,803,821 shares while active managers cut 382,144.

Institutional holders of Comstock Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	4,232,460	+3,829,970	$17.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	1,904,713	+1,084,043	$7.9M
STATE STREET CORP	Index	1,190,822	+889,808	$5.0M
CITADEL ADVISORS LLC	Hedge fund	1,882,385

Identity

CIK: 0001120970
LEI: 549300PX1C7TOIY9SK20
FIGI: BBG000BCBFG7
SIC: 2860 · Industrial Organic Chemicals
Incorporated: NV
Headquarters: RENO, NV

Ownership

Institutional: 57.1%
Institutions: 136
Insiders: 3.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other industrial organic chemicals companies

Comstock Inc. files under SIC 2860 — all 10 industrial organic chemicals companies compared on assets and F-score.

INTERNATIONAL FLAVORS & FRAGRANCES INCIFF WESTLAKE CORPWLK NEWMARKET CORPNEU SENSIENT TECHNOLOGIES CORPSXT Green Plains Inc.GPRE REX AMERICAN RESOURCES CorpREX

Questions about Comstock Inc.

Is Comstock Inc. financially healthy?: Comstock Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the distress zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Comstock Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), CITADEL ADVISORS LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.