LB · XBRL financial data
LandBridge Company financial statements, every fiscal year
The same tables from 2 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (LB's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Revenue from contracts with customers | 110 | 199 |
| Other operating income (expense) | — | (0) |
| Operating income (loss) | (17) | 119 |
| Other income (expense) | 0 | (4) |
| Income tax expense (benefit) | 2 | 9 |
| Net income (loss) | 5 | 30 |
| Earnings per share, basic USD per share | 0.28 | 1.18 |
| Earnings per share, diluted USD per share | 0.07 | 0.94 |
| Weighted average shares, basic millions of shares | 18 | 25 |
| Weighted average shares, diluted millions of shares | 73 | 77 |
Balance sheet
CSVFiscal years (LB's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Cash and cash equivalents | 37 | 31 |
| Prepaid and other current assets | 2 | 5 |
| Total current assets | 53 | 60 |
| Property and equipment, net | 903 | 1,084 |
| Total assets | 1,003 | 1,366 |
| Accrued liabilities | 7 | 8 |
| Current portion of long-term debt | 0 | 1 |
| Total current liabilities | 14 | 12 |
| Long-term debt | 381 | 560 |
| Total liabilities | 395 | 572 |
| Retained earnings | 3 | 23 |
| Total stockholders' equity | 436 | 340 |
| Total liabilities and equity | 1,003 | 1,366 |
| Common shares outstanding (cover page) millions of shares | 23 | — |
Cash flows
CSVFiscal years (LB's year ends in late December)
| In millions of dollars | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|
| Net income (loss) | 5 | 30 |
| Stock-based compensation | 95 | 45 |
| Depreciation and amortization | 9 | 11 |
| Net cash from operating activities | 68 | 126 |
| Net cash from investing activities | (724) | (233) |
| Proceeds from issuing common stock | 278 | — |
| Dividends paid | 178 | 64 |
| Net cash from financing activities | 656 | 101 |
| Net change in cash | (1) | (6) |
Compare with peers
SIC 6792 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6792 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| LandBridge | 40 | 67 | 41* | not reported | — | 10-QJun 30, 2026 |
| XCel Brands | 0.4 | not reported | (1.9)* | 6.6M | 0.2 quarters | 10-QJun 30, 2026 |
| DevvStream | 0.3 | 0 | (1.5)* | 35.1M | 0.2 quarters | 10-QApr 30, 2026 |
| Plymouth Industrial REIT | 42 | 51 | 20* | 44.6M | — | 10-QSep 30, 2025 |
| National Healthcare Properties | 246 | 88 | 22* | not reported | — | 10-QJun 30, 2026 |
| CNL Healthcare Properties | 58 | 99 | 13* | 175.3M | — | 10-QSep 30, 2025 |
| EagleRock Land | 62 | 42 | not reported | not reported | — | 10-QJun 30, 2026 |
| Power REIT | 3.1 | 1.3 | 1.1* | 367,120 | — | 10-QJun 30, 2026 |
| Bakhu Holdings | 0 | 0 | (0)* | 301.3M | 0.3 quarters | 10-QApr 30, 2025 |
Not investment advice. Not affiliated with the U.S. SEC.