Live Oak Bancshares (LOB) Financial Statements & Analysis

Live Oak Bancshares (LOB) Income Statement

Live Oak Bancshares reported revenue of $480.78M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 0.2% from $481.69M a year earlier. Net income was $102.82M, up 32.7% year over year, a net margin of 21.4%. Gross margin was 104.6% and operating margin 33.5%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $120.64M, down 53.3% from the same quarter a year earlier.

Live Oak Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Live Oak Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	480.78	481.69	776.55	508.83	438.59	378.31	289.51	253.33	203.25
Cost of Revenue	538.25	532.68	394.29	157.92	79.64	134.34	103.11	60.16	34.97
Gross Profit	503.00	396.61	382.26	350.92	426.78	243.97	186.40	193.17	168.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	97.14	196.69	204.28	191.12	71.89	123.51	109.28	99.58	95.11
Operating Expenses	342.02	307.38	299.43	140.59	215.99	196.58	162.94	147.12	70.02
Operating Income	160.98	89.24	82.83	210.32	210.79	47.39	23.47	46.05	98.25
Other Income/Expense
Interest Income	908.47	812.37	688.28	444.47	361.21	288.41	227.98	162.64	103.47
Interest Expense	460.11	436.47	342.97	116.97	64.43	93.69	87.90	54.60	25.44
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	142.82	89.24	82.83	210.32	210.79	47.39	23.47	46.05	98.25
Income Tax Expense	37.17	11.82	8.93	34.12	43.79	-12.15	5.43	-5.40	-2.25
Net Income	102.82	77.47	73.90	176.21	167.00	59.54	18.03	51.45	100.50
Net Income - Continuous Operations	105.64	77.42	73.90	176.21	167.00	59.54	18.03	51.45	100.50
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	30.40	112.52	104.10	231.11	21.37	69.08	43.43	62.43	108.53
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	30.40	23.28	21.27	20.78	21.37	21.69	19.97	16.39	10.28
Earnings Per Share
Basic EPS	2.00	2.00	2.00	4.00	4.00	1.00	-	1.00	3.00
Diluted EPS	2.00	2.00	2.00	4.00	4.00	1.00	-	1.00	3.00
Basic Shares Outstanding	45.70	45.01	44.35	43.86	43.17	40.68	40.22	40.06	36.59
Diluted Shares Outstanding	46.04	45.82	45.10	44.91	45.07	41.77	41.05	41.45	37.86

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

Frequently Asked Questions About Live Oak Bancshares Financial Statements

What was Live Oak Bancshares's revenue in fiscal 2025?

Live Oak Bancshares reported revenue of $480.78M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 0.2% from $481.69M a year earlier.

Is Live Oak Bancshares profitable?

Yes. Live Oak Bancshares earned net income of $102.82M in fiscal 2025, a net margin of 21.4%. In fiscal 2024 it earned $77.47M.

What is Live Oak Bancshares's operating margin?

Live Oak Bancshares's operating income was $160.98M on revenue of $480.78M in fiscal 2025, an operating margin of 33.5%, compared with 18.5% 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