LandBridge Company (LB) Income Statement

LandBridge Company reported revenue of $199.09M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 81.1% from $109.95M a year earlier. Net income was $30.13M, up 489.6% year over year, a net margin of 15.1%. Gross margin was 93.2% and operating margin 59.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $66.84M, up 40.6% from the same quarter a year earlier.

LandBridge Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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LandBridge Company LLC income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	199.09	109.95	72.87	51.78
Cost of Revenue	13.50	10.99	3.45	10.56
Gross Profit	185.60	98.97	69.42	41.22
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00
Selling, General & Administrative	62.45	112.30	-12.09	41.80
Operating Expenses	67.10	115.48	-0.59	44.45
Operating Income	118.50	-16.51	70.01	-3.23
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00
Interest Expense	32.71	23.34	7.02	3.11
Other Income/Expense	-4.33	0.24	-6.47	-2.97
Income
Income Before Tax	81.47	-39.60	63.54	-6.20
Income Tax Expense	9.07	1.88	0.37	0.16
Net Income	30.13	5.11	63.17	-6.36
Net Income - Continuous Operations	72.40	-41.48	63.17	-6.36
Net Income - Discontinued Operations	-	-	-	-
EBITDA	125.64	-7.39	78.77	3.63
EBIT	114.17	-16.27	70.01	-3.23
Depreciation & Amortization	11.47	8.88	8.76	6.72
Earnings Per Share
Basic EPS	1.00	-	4.00	-
Diluted EPS	1.00	-	4.00	-
Basic Shares Outstanding	27.84	23.26	14.50	14.50
Diluted Shares Outstanding	27.84	23.26	14.50	14.50

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About LandBridge Company Financial Statements

What was LandBridge Company's revenue in fiscal 2025?

LandBridge Company reported revenue of $199.09M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 81.1% from $109.95M a year earlier.

Is LandBridge Company profitable?

Yes. LandBridge Company earned net income of $30.13M in fiscal 2025, a net margin of 15.1%. In fiscal 2024 it earned $5.11M.

What is LandBridge Company's operating margin?

LandBridge Company's operating income was $118.50M on revenue of $199.09M in fiscal 2025, an operating margin of 59.5%, compared with -15.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition