LandBridge Company LLC Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	199.09	109.95	72.87	51.78
Revenue Growth (YoY)	81.07%	50.90%	40.73%	-
Cost of Revenue	2.03	2.11	3.45	3.84
Gross Profit	197.07	107.84	69.42	47.94
Selling, General & Admin	62.45	112.3	-12.09	41.8
Depreciation & Amortization Expenses	11.47	8.88	8.76	6.72
Other Operating Expenses	4.65	3.17	2.74	2.65
Total Operating Expenses	78.57	124.35	-0.59	51.17
Operating Income	118.5	-16.51	70.01	-3.23
Interest Expense	-32.71	-23.34	-7.02	-3.11
Other Non-Operating Income (Expense)	-4.33	0.24	0.55	0.14
Total Non-Operating Income (Expense)	-37.04	-23.09	-6.47	-2.97
Pretax Income	81.47	-39.6	63.54	-6.2
Provision for Income Taxes	9.07	1.88	0.37	0.16
Net Income	30.13	5.11	63.17	-6.36
Minority Interest in Earnings	42.27	-46.59	-	-
Net Income to Common	30.13	5.11	63.17	-6.36
Net Income Growth	489.59%	-91.91%	-	-
Shares Outstanding (Basic)	25	18	-	-
Shares Outstanding (Diluted)	77	73	-	-
Shares Change (YoY)	4.32%	-	-	-
EPS (Basic)	1.18	0.28	-	-
EPS (Diluted)	0.94	0.07	-	-
EPS Growth	1242.86%	-	-	-
Shares Outstanding	77.09	76.48	-	-
Free Cash Flow	122.04	66.65	50.26	17.21
Free Cash Flow Growth	83.10%	32.62%	192.05%	-
Free Cash Flow Per Share	1.59	0.91	-	-
Dividends Per Share	0.400	0.100	-	-
Dividend Growth	300.00%	-	-	-
Gross Margin	98.98%	98.08%	95.27%	92.58%
Operating Margin	59.52%	-15.02%	96.08%	-6.24%
Profit Margin	36.36%	-37.72%	86.70%	-12.29%
FCF Margin	61.30%	60.62%	68.98%	33.24%
EBITDA	129.97	-7.64	78.77	3.49
EBITDA Margin	65.28%	-6.94%	108.11%	6.74%
EBIT	118.5	-16.51	70.01	-3.23
EBIT Margin	59.52%	-15.02%	96.08%	-6.24%
Effective Tax Rate	11.13%	-4.73%	0.58%	-2.65%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q