LandBridge (LB) Cost of Revenue (2023 - 2026)
LandBridge's (LB) quarterly Cost of Revenue came in at $1.3 million in Q2 2026, up 24.69% on a YoY basis from $1.1 million in Q2 2025, and up 4.65% quarter-over-quarter from $1.3 million in Q1 2026.
Analysis
LandBridge (LB) Cost of Revenue (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Cost of Revenue for 4 consecutive years, with $1.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 24.69% year-over-year to $1.3 million; the trailing twelve-month figure through Jun 2026 stood at $4.9 million (up 16.26% YoY), and the FY2025 full-year result was $4.5 million, up 42.34% from the prior year.
- Cost of Revenue rose to $1.3 million in Q2 2026 per LB's latest filing, from $1.3 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.3 million in Q4 2024 and bottomed at $364000.0 in Q4 2023.
- Historically, Cost of Revenue has averaged $988076.9 across 4 years, with a median of $1.1 million in 2025.
- The widest YoY moves for Cost of Revenue: up 267.31% in 2024, down 35.64% in 2024.
- Over 4 years, Cost of Revenue stood at $364000.0 in 2023, then surged by 267.31% to $1.3 million in 2024, then dropped by 12.57% to $1.2 million in 2025, then rose by 13.6% to $1.3 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.3 million, $1.3 million, and $1.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 24.33 Bn | 24.08 Bn | - | - |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.60 Bn | 7.04 Bn | 65.51 Mn | 1.33 Mn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.98 Bn | 6.13 Bn | - | - |
| 5 | Opendoor Technologies | 2.48 Bn | 1.58 Bn | 86.00 Mn | 797.00 Mn |
| 6 | Frp Holdings | 403.74 Mn | 403.74 Mn | - | - |
| 7 | American Realty Investors | 263.12 Mn | 458.12 Mn | - | - |
| 8 | Belpointe PREP | 179.07 Mn | 179.07 Mn | - | - |
| 9 | Star Holdings | 109.70 Mn | 76.15 Mn | 5.31 Mn | 14.06 Mn |
| 10 | Logistic Properties of the Americas | 99.60 Mn | 168.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.33 Mn |
| Mar 31, 2026 | 1.27 Mn |
| Dec 31, 2025 | 1.17 Mn |
| Sep 30, 2025 | 1.16 Mn |
| Jun 30, 2025 | 1.07 Mn |
| Mar 31, 2025 | 1.13 Mn |
| Dec 31, 2024 | 1.34 Mn |
| Sep 30, 2024 | 708,000.00 |
| Jun 30, 2024 | 643,000.00 |
| Mar 31, 2024 | 673,000.00 |
| Dec 31, 2023 | 364,000.00 |
| Sep 30, 2023 | 1.00 Mn |
| Jun 30, 2023 | 999,000.00 |