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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›LB›Financials
Annual statements · SEC XBRL · FY2023 – FY2025

LandBridge Co LLC (LB) financials

Income statement

LandBridge Co LLC (LB) income statement, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Revenue$72.9M$110M$199M
Revenue growth—50.9%81.1%
Operating income$70.0M-$16.5M$119M
Operating margin96.1%-15.0%59.5%
Net income$63.2M$5.11M$30.1M
Net margin86.7%4.6%15.1%
EPS (diluted)—$0.07$0.94

Cash flow

LandBridge Co LLC (LB) cash flow, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Operating cash flow$53.0M$67.6M$126M
Capital expenditures$2.78M$985K$4.24M
Free cash flow$50.3M$66.7M$122M
Dividends paid$105M$178M$63.7M

Balance sheet

LandBridge Co LLC (LB) balance sheet, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Cash & equivalents$37.8M$37.0M$30.7M
Total assets$289M$1.03B$1.37B
Total liabilities$138M$395M$572M
Long-term debt$108M$381M$560M
Shareholders' equity$151M$212M$340M
Retained earnings—$3.35M$23.2M
Shares (wtd avg diluted)—73.4M76.5M

Every figure is extracted from LandBridge Co LLC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is LandBridge Co LLC's annual revenue?
LandBridge Co LLC (LB) reported $199M of revenue for fiscal year 2025 — up 81.1% from $110M in FY2024, per its annual report filed with the SEC.
Is LandBridge Co LLC profitable?
Yes — LB earned $30.1M of net income in FY2025, a 15.1% net margin, per SEC filings.
What is LandBridge Co LLC's free cash flow?
$122M in FY2025 (operating cash flow $126M minus $4.24M of capital expenditures), from the SEC cash-flow statement.
Does LB pay a dividend?
Yes — LandBridge Co LLC paid $63.7M in cash dividends during FY2025, per its SEC cash-flow statement.
Full LB analysis — verdict, score & filings →Is LB a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.