Comstock Inc. — financial distress indicators
Financial-health summary
Comstock Inc.'s reported numbers place it in the 'Watch' financial-health band (distress score 35/100). The main indicators are revenue collapse, operations consume cash and losses in 2 of the last 3 years.
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Revenue changed -48% year over year.
A >30% sales drop typically breaches leverage covenants and starves fixed-cost coverage.
Operating cash flow negative in 3 of the last 3 years.
A business that cannot fund itself from operations depends on external capital to survive.
Recurring net losses.
Repeated losses are a core input in both Ohlson and Altman failure models.
Operating margin fell from -989% to -2455% in two years.
Sharp margin compression signals loss of pricing power or cost control.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- No material mitigating factors found in the available data.
📰 Recent news scan
- Comstock Launches 24/7 Solar Panel Recycling at Nevada FacilityYahoo Finance · 2026-10-02
- Comstock to Participate in the Lytham Partners Fall 2026 Investor ConferenceYahoo Finance · 2026-09-28
- Comstock Targets 25% Utilization at Industrial-Scale Solar Recycling PlantYahoo Finance · 2026-09-26
- Comstock And Sierra Springs Opportunity Fund Announce Strategic Engagement With Newmark For Its Nevada Land-Power-Compute PlatformYahoo Finance · 2026-09-24
- Mackay Gold & Silver Completes Acquisition of Comstock Inc.'s Nevada Mining Assets to Further Consolidate the Comstock DistrictYahoo Finance · 2026-08-24
- Comstock Receives $20 Million and Closes Sale of Legacy Mining Assets to Mackay Precious Metals Inc.Yahoo Finance · 2026-08-24
⚖️ U.S. legal pathway — Title 11, U.S. Code
Which chapter would apply?
- Chapter 11 — reorganisation. Management usually stays in control as debtor-in-possession; the automatic stay (§362) halts collection; a plan must meet the best-interests test (§1129(a)(7)) and the absolute priority rule (§1129(b)) — creditors are paid before shareholders, who are frequently wiped out.
- Chapter 7 — liquidation. A trustee sells assets and distributes proceeds by statutory priority (§§507, 726).
- Subchapter V (“Chapter 5”) is a fast track for small-business debtors under a statutory debt cap, but SEC-reporting companies are excluded (§101(51D)) — so it rarely applies to listed companies.
What typically triggers a filing
- Payment default or covenant breach lenders will not waive; a debt maturity that cannot be refinanced.
- Auditor going-concern doubt (ASC 205-40 / PCAOB AS 2415) — often itself a default trigger in loan agreements.
- Creditors can force a case with an involuntary petition (§303) if debts are not paid as they come due.
- Delisting after sustained sub-$1 prices or equity deficits cuts off equity funding.
Transactions shortly before filing can be clawed back (preferences — 90 days, §547; fraudulent transfers — 2 years, §548).
Frequently asked questions
What do Comstock Inc.'s financial-health indicators show?
As of 2026-10-08, Comstock Inc.'s public financial data places it in the 'Watch' band with a distress score of 35/100, driven by revenue collapse, operations consume cash and losses in 2 of the last 3 years. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is Comstock Inc.'s financial distress score?
35/100 ('Watch').
What works in Comstock Inc.'s favour?
No material mitigating factors were found in the available data.
How are shareholders treated if a company enters insolvency?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
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Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.