LandBridge Co LLC (LB) Financial Statements
Industry: Oil Royalty Traders
In fiscal 2025, LandBridge reported revenue of $199.1M, up 81.1% from $110.0M the year before. Net income was $30.1M (a 15.1% net margin), or $0.94 per diluted share. Operating margin was 59.5%. Operating activities generated $126.3M of cash, leaving $122.0M of free cash flow. At fiscal year end, LandBridge held $1.37B in total assets against $572.1M in total liabilities, including $30.7M of cash and equivalents.
Open the full interactive LandBridge financials → Quarterly statements, key ratios, valuation history and price charts.
LandBridge Key Stats
| Share Price | $87.33 |
|---|---|
| Market Cap | $6.72B |
| P/E Ratio | 92.9 |
| Dividend Yield | 0.95% |
| Revenue YoY Growth | +81.1% |
| 52-Week Range | $44.00 – $89.59 |
| Shares Outstanding | 28.0 million (basic, 2026 Q2) |
LandBridge Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $110.0M | $199.1M |
| Cost of Goods Sold | $0 | — |
| Gross Profit | $110.0M | — |
| Operating Income | -$16.5M | $118.5M |
| Pre-Tax Income | -$39.6M | $81.5M |
| Income Tax | $1.9M | $9.1M |
| Net Income | $5.1M | $30.1M |
| Diluted EPS | $0.07 | $0.94 |
LandBridge Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $50.8M | $56.8M | $51.0M | $66.8M |
| Net Income | $8.1M | $8.1M | $8.7M | $12.3M |
| Diluted EPS | $0.26 | $0.11 | $0.23 | $0.40 |
LandBridge Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $37.0M | $30.7M |
| Current Assets | $53.3M | $59.8M |
| Total Assets | $1.00B | $1.37B |
| Current Liabilities | $14.4M | $12.3M |
| Total Long-Term Debt | $381.2M | $560.3M |
| Total Liabilities | $395.4M | $572.1M |
| Shareholders' Equity | $436.0M | $340.3M |
LandBridge Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $67.6M | $126.3M |
| Cash From Investing | -$724.4M | -$233.1M |
| Cash From Financing | $655.9M | $100.5M |
| Free Cash Flow | $66.7M | $122.0M |
| Dividends Paid | — | $63.7M |
Figures from LandBridge's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full LandBridge financials page for every line item.
LandBridge Company Profile
| Ticker | LB |
|---|---|
| Exchange | NYSE |
| Industry | Oil Royalty Traders |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001995807 |
Frequently Asked Questions
What was LandBridge's revenue in fiscal 2025?
LandBridge (LB) reported revenue of $199.1M for fiscal 2025.
What was LandBridge's net income in fiscal 2025?
LandBridge reported net income of $30.1M for fiscal 2025.
What was LandBridge's earnings per share (EPS) in fiscal 2025?
LandBridge's diluted EPS was $0.94 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did LandBridge generate in fiscal 2025?
LandBridge generated $122.0M of free cash flow in fiscal 2025.
What was LandBridge's revenue last quarter?
In its most recent reported quarter (2026 Q2), LandBridge reported revenue of $66.8M.
How much debt does LandBridge have?
LandBridge reported $560.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of LandBridge are outstanding?
LandBridge reported a weighted average of 28.0 million basic shares outstanding in 2026 Q2.
What is LandBridge's market cap?
Based on its latest closing price, LandBridge (LB) has a market capitalization of about $6.72B.
When does LandBridge's fiscal year end?
LandBridge's fiscal year end, as registered with the SEC, is December 31.
Where is LandBridge headquartered?
LandBridge lists its business address in Houston, Texas in its SEC filings.