LandBridge Company LLC Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	225.45	199.09	109.95	72.87	51.78
Revenue Growth	44.09%	81.07%	50.90%	40.73%	-
Cost of Revenue	2.61	2.03	2.11	3.45	3.84
Gross Profit	222.84	197.07	107.84	69.42	47.94
Selling, General & Admin	64.58	62.45	112.3	-12.09	41.8
Depreciation & Amortization Expenses	15.12	11.47	8.88	8.76	6.72
Other Operating Expenses	4.84	4.65	3.17	2.74	2.65
Total Operating Expenses	84.55	78.57	124.35	-0.59	51.17
Operating Income	138.3	118.5	-16.51	70.01	-3.23
Interest Expense	-35.55	-32.71	-23.34	-7.02	-3.11
Other Non-Operating Income (Expense)	-4.36	-4.33	0.24	0.55	0.14
Total Non-Operating Income (Expense)	-39.91	-37.04	-23.09	-6.47	-2.97
Pretax Income	98.39	81.47	-39.6	63.54	-6.2
Provision for Income Taxes	11.01	9.07	1.88	0.37	0.16
Net Income	87.38	72.4	-41.48	63.17	-6.36
Minority Interest in Earnings	50.22	42.27	-46.59	-	-
Net Income to Common	37.17	30.13	5.11	63.17	-6.36
Net Income Growth	94.84%	489.59%	-91.91%	-	-
Shares Outstanding (Basic)	27	25	76	-	-
Shares Outstanding (Diluted)	77	77	76	-	-
Shares Change	2.67%	0.08%	-	-	-
EPS (Basic)	1.34	1.18	0.07	-	-
EPS (Diluted)	1.13	0.94	0.07	-	-
EPS Growth	343.38%	1306.93%	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	151.28	122.04	66.65	50.26	17.21
Free Cash Flow Growth	76.34%	83.10%	32.62%	192.05%	-
Free Cash Flow Per Share	1.97	1.59	0.87	-	-
Dividends Per Share	0.200	0.400	0.100	-	-
Dividend Growth	-33.33%	300.00%	-	-	-
Gross Margin	98.84%	98.98%	98.08%	95.27%	92.58%
Operating Margin	61.34%	59.52%	-15.02%	96.08%	-6.24%
Profit Margin	38.76%	36.36%	-37.72%	86.70%	-12.29%
FCF Margin	67.10%	61.30%	60.62%	68.98%	33.24%
EBITDA	157.84	129.97	-7.64	78.77	3.49
EBITDA Margin	70.01%	65.28%	-6.94%	108.11%	6.74%
EBIT	138.3	118.5	-16.51	70.01	-3.23
EBIT Margin	61.34%	59.52%	-15.02%	96.08%	-6.24%
Effective Tax Rate	11.19%	11.13%	-4.73%	0.58%	-2.65%

SEC Filings: 10-K · 10-Q