# LandBridge Corp: overview

LB · NYSE · CIK 1995807 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/lb.md) · [Financials](/companies/lb/financials.md) · [Filings](/companies/lb/filings.md) · [Insiders](/companies/lb/insiders.md)

Latest reported revenue: [$66.8m](/filings/0001193125-26-335650.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-335650).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [28.5](/filings/0001193125-25-277992.md) | [36.5 d](/filings/0001193125-26-072404.md) | [44.0](/filings/0001193125-26-209491.md) | [47.5](/filings/0001193125-26-335650.md) | [50.8](/filings/0001193125-25-277992.md) | [56.8 d](/filings/0001193125-26-072404.md) | [51.0](/filings/0001193125-26-209491.md) | [66.8](/filings/0001193125-26-335650.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.2%](/filings/0001193125-25-277992.md) | [49.4% d](/filings/0001193125-26-072404.md) | [57.0%](/filings/0001193125-26-209491.md) | [60.0%](/filings/0001193125-26-335650.md) | [60.8%](/filings/0001193125-25-277992.md) | [60.0% d](/filings/0001193125-26-072404.md) | [57.2%](/filings/0001193125-26-209491.md) | [66.1%](/filings/0001193125-26-335650.md) |
| Net margin | % | [9.3%](/filings/0001193125-25-277992.md) | [6.7% d](/filings/0001193125-26-072404.md) | [14.7%](/filings/0001193125-26-209491.md) | [15.8%](/filings/0001193125-26-335650.md) | [15.9%](/filings/0001193125-25-277992.md) | [14.2% d](/filings/0001193125-26-072404.md) | [17.1%](/filings/0001193125-26-209491.md) | [18.4%](/filings/0001193125-26-335650.md) |
| Diluted EPS | $ per share | [(0.04)](/filings/0001193125-25-277992.md) | not reported | [0.20](/filings/0001193125-26-209491.md) | [0.24](/filings/0001193125-26-335650.md) | [0.26](/filings/0001193125-25-277992.md) | not reported | [0.23](/filings/0001193125-26-209491.md) | [0.40](/filings/0001193125-26-335650.md) |
| Free cash flow | $m | [7.1 d](/filings/0001193125-25-277992.md) | [26.7 d](/filings/0001193125-26-072404.md) | [15.8](/filings/0001193125-26-209491.md) | [36.1 d](/filings/0001193125-26-335650.md) | [33.7 d](/filings/0001193125-25-277992.md) | [36.4 d](/filings/0001193125-26-072404.md) | [40.9](/filings/0001193125-26-209491.md) | [40.2 d](/filings/0001193125-26-335650.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | [72.9](/filings/0001193125-26-072404.md) | [110](/filings/0001193125-26-072404.md) | [199](/filings/0001193125-26-072404.md) |
| Gross margin | % | not reported | not reported | not reported |
| Operating margin | % | [96.1%](/filings/0001193125-26-072404.md) | [(15.0%)](/filings/0001193125-26-072404.md) | [59.5%](/filings/0001193125-26-072404.md) |
| Net margin | % | [86.7%](/filings/0001193125-26-072404.md) | [4.6%](/filings/0001193125-26-072404.md) | [15.1%](/filings/0001193125-26-072404.md) |
| Diluted EPS | $ per share | not reported | [0.07](/filings/0001193125-26-072404.md) | [0.94](/filings/0001193125-26-072404.md) |
| Free cash flow | $m | [50.3](/filings/0001193125-26-072404.md) | [66.7](/filings/0001193125-26-072404.md) | [122](/filings/0001193125-26-072404.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/lb/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FIRST MANHATTAN CO. LLC.](/funds/728083.md) | 2026-06-30 | $561.2m | 7,082,845 |  | Added +25,617 |
| [HORIZON KINETICS ASSET MANAGEMENT LLC](/funds/1056823.md) | 2026-06-30 | $461.3m | 5,821,263 |  | Added +164,129 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $140.7m | 1,775,450 |  | Added +440,622 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $100.4m | 1,267,116 |  | Added +27,218 |
| [WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC](/funds/1644956.md) | 2026-06-30 | $97.9m | 1,235,265 |  | Added +347,799 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $58.0m | 731,836 |  | Reduced −743,991 |
| [SCHWARTZ INVESTMENT COUNSEL INC](/funds/909151.md) | 2026-06-30 | $51.1m | 644,716 |  | Added +51,825 |
| [Hood River Capital Management LLC](/funds/1578177.md) | 2026-06-30 | $47.0m | 592,619 |  | Reduced −28,456 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $45.5m | 573,587 |  | Reduced −59,582 |
| [DF DENT & CO INC](/funds/934999.md) | 2026-06-30 | $45.0m | 567,536 |  | Added +69,729 |

## Recent filings

[All 191 filings](/companies/lb/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-01 | 16:06 ET | [8-K](/filings/0001193125-26-410656.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-410656 |
| 2026-09-22 | 16:51 ET | [8-K](/filings/0001193125-26-398048.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-398048 |
| 2026-09-22 | 08:19 ET | [8-K](/filings/0001193125-26-397278.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-397278 |
| 2026-09-21 | 17:00 ET | [8-K](/filings/0001193125-26-396773.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-396773 |
| 2026-08-11 | 21:39 ET | [SCHEDULE 13D/A](/filings/0001193125-26-345444.md) | Ownership report, active investor, amended | 0001193125-26-345444 |
| 2026-08-06 | 18:00 ET | [10-Q](/filings/0001193125-26-335650.md) | Quarterly report, period 2026-06-30 | 0001193125-26-335650 |
| 2026-08-05 | 16:36 ET | [8-K](/filings/0001193125-26-335296.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-335296 |
| 2026-06-24 | 16:30 ET | [8-K](/filings/0001193125-26-281133.md) | 5.07 Shareholder vote results | 0001193125-26-281133 |
| 2026-05-07 | 17:40 ET | [10-Q](/filings/0001193125-26-209491.md) | Quarterly report, period 2026-03-31 | 0001193125-26-209491 |
| 2026-05-06 | 16:23 ET | [8-K](/filings/0001193125-26-209075.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-209075 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-072404.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/2a5f9f60-e685-4534-8ce9-62c6559287c4)

## About the filer

- CIK: 1995807
- Tickers: LB
- Exchange: NYSE
- SIC code: 6792 Oil Royalty Traders
- State of incorporation: TX
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 16:27 ET. No prices; not investment advice.