LandBridge Co LLC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 05/10/24 | FY 12/31/23 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $199.1M | $110.0M | — | $72.9M |
| Operating income | $118.5M | -$16.5M | — | $70.0M |
| Pretax income | $81.5M | -$39.6M | — | $63.5M |
| Income tax expense | $9.1M | $1.9M | — | $370,000 |
| Net income | $30.1M | $5.1M | — | $63.2M |
| Balance Sheet | ||||
| Cash and equivalents | $30.7M | $37.0M | — | $37.8M |
| Current assets | $59.8M | $53.3M | — | $52.3M |
| Total assets | $1.4B | $1.0B | — | $288.9M |
| Current liabilities | $12.3M | $14.4M | — | $27.1M |
| Total liabilities | $572.1M | $395.4M | — | $138.2M |
| Total debt | $570.7M | $385.5M | $265.0M | $130.5M |
| Stockholders' equity | $340.3M | $211.8M | — | $150.7M |
| Cash Flow Statement | ||||
| Cash from operations | $126.3M | $67.6M | — | $53.0M |
| Depreciation and amortization | $11.5M | $8.9M | — | $8.8M |
| Stock-based compensation | $45.3M | $95.3M | — | $17.2M |
| Capital expenditure | $4.2M | $985,000 | — | $2.8M |
| Free cash flow | $122.0M | $66.7M | — | $50.3M |
| Dividends paid | $63.7M | $178.2M | — | $105.2M |
Shares outstanding 77.0M · Free float 10.4%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.