LandBridge (LB) Cash from Operations (2023 - 2026)
LandBridge's (LB) quarterly Cash from Operations came in at $41.4 million in Q2 2026, up 10.82% on a YoY basis from $37.3 million in Q2 2025, and up 0.61% quarter-over-quarter from $41.1 million in Q1 2026.
Analysis
LandBridge (LB) Cash from Operations (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Cash from Operations for 4 consecutive years, with $41.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cash from Operations rose 10.82% year-over-year to $41.4 million; the trailing twelve-month figure through Jun 2026 stood at $155.5 million (up 77.49% YoY), and the FY2025 full-year result was $126.3 million, up 86.69% from the prior year.
- Cash from Operations grew to $41.4 million in Q2 2026 per LB's latest filing, from $41.1 million in the prior quarter.
- Across five years, Cash from Operations topped out at $41.4 million in Q2 2026 and bottomed at $7.4 million in Q3 2024.
- Historically, Cash from Operations has averaged $25.4 million across 4 years, with a median of $22.1 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Cash from Operations tumbled 54.04% in 2024, then surged 368.62% in 2025.
- Over 4 years, Cash from Operations stood at $12.5 million in 2023, then soared by 115.72% to $26.9 million in 2024, then jumped by 41.55% to $38.1 million in 2025, then rose by 8.54% to $41.4 million in 2026.
- According to Business Quant data, Cash from Operations over the past three periods registered $41.4 million, $41.1 million, and $38.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.00 Bn | 24.76 Bn | - | 172.86 Mn |
| 2 | Eason Technology | 6.75 Bn | 6.75 Bn | - | - |
| 3 | LandBridge | 6.64 Bn | 7.07 Bn | 65.51 Mn | 41.37 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.07 Bn | 6.22 Bn | - | 71.06 Mn |
| 5 | Opendoor Technologies | 3.05 Bn | 2.16 Bn | 86.00 Mn | -718.00 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | -87.90 Mn |
| 7 | Frp Holdings | 433.69 Mn | 433.69 Mn | - | - |
| 8 | American Realty Investors | 250.20 Mn | 445.20 Mn | - | -2.40 Mn |
| 9 | Belpointe PREP | 188.11 Mn | 188.11 Mn | - | - |
| 10 | Star Holdings | 119.97 Mn | 86.41 Mn | 5.31 Mn | -2.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.37 Mn |
| Mar 31, 2026 | 41.12 Mn |
| Dec 31, 2025 | 38.12 Mn |
| Sep 30, 2025 | 34.91 Mn |
| Jun 30, 2025 | 37.33 Mn |
| Mar 31, 2025 | 15.91 Mn |
| Dec 31, 2024 | 26.93 Mn |
| Sep 30, 2024 | 7.45 Mn |
| Jun 30, 2024 | 16.04 Mn |
| Mar 31, 2024 | 17.22 Mn |
| Dec 31, 2023 | 12.48 Mn |
| Sep 30, 2023 | 16.21 Mn |