Revenue
$199.09M
Fiscal year ended 2025-12-31Operating income
$118.50M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31LandBridge Co LLC (LB) reported revenue of $199.09M and net income of $30.13M for the fiscal year ended 2025-12-31. This page shows 3 annual periods of income statement, balance sheet and cash flow figures normalized from LandBridge Co LLC’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $199.09M | $109.95M | $72.86M |
| Cost of revenue | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable |
| Operating income | $118.50M | -$16.51M | $70.01M |
| Net income | $30.13M | $5.11M | Unavailable |
| Research & development | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 76.54M | shares 73.37M | Unavailable |
| Pretax income | $81.46M | -$39.60M | $63.54M |
| Income tax expense | $9.07M | $1.88M | $370.00K |
| Diluted EPS | $0.94 | $0.07 | Unavailable |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash & equivalents | $30.74M | $37.03M | $37.82M |
| Total assets | $1.37B | $1.03B | $288.95M |
| Current assets | $59.82M | $53.32M | $52.28M |
| Total liabilities | $572.07M | $395.41M | $138.20M |
| Current liabilities | $12.29M | $14.41M | $27.10M |
| Total equity incl. NCI | $793.98M | $637.07M | $150.75M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable |
| Long-term debt | $559.59M | $380.82M | $108.34M |
| Accounts payable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating cash flow | $126.27M | $67.64M | $53.04M |
| Capital expenditures | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$233.07M | -$724.35M | -$2.77M |
| Financing cash flow | $100.51M | $655.92M | -$37.80M |
| Net change in cash | -$6.29M | -$791.00K | $12.47M |
| Stock-based compensation | $45.32M | $95.34M | -$17.23M |
| Common dividends paid | $63.71M | $178.24M | $105.16M |
| Common share repurchases | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $11.47M | $8.88M | $8.76M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable |
| Operating margin | 59.5% | -15.0% | 96.1% |
| FCF margin | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 22.8% | 86.7% | -23.6% |
| Current ratio | 4.87x | 3.70x | 1.93x |
| Revenue YoY growth | 81.1% | 50.9% | Unavailable |
| Net margin | 15.1% | 4.6% | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.70x | Unavailable | 0.72x |
| Effective tax rate | 11.1% | Unavailable | 0.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LB in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.