LandBridge LB
NYSE LB
$85.86 -0.22 (-0.26%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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