LandBridge (LB) Non-Current Debt (2023 - 2026)
LandBridge's (LB) quarterly Non-Current Debt came in at $535.5 million in Q2 2026, up 44.4% on a YoY basis from $370.9 million in Q2 2025, and little changed quarter-over-quarter from $535.1 million in Q1 2026.
Analysis
LandBridge (LB) Non-Current Debt (2023 - 2026) Analysis & Trends
LandBridge (LB) has reported Non-Current Debt for 4 consecutive years, with $535.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Non-Current Debt rose 44.4% year-over-year to $535.5 million; the trailing twelve-month figure through Jun 2026 stood at $535.5 million (up 44.4% YoY), and the FY2025 full-year result was $559.6 million, up 46.95% from the prior year.
- Non-Current Debt held at $535.5 million in Q2 2026 per LB's latest filing, from $535.1 million in the prior quarter.
- Across five years, Non-Current Debt topped out at $559.6 million in Q4 2025 and bottomed at $108.3 million in Q4 2023.
- Historically, Non-Current Debt has averaged $383.5 million across 4 years, with a median of $373.2 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Non-Current Debt surged 251.49% in 2024, then rose 2.78% in 2025.
- Over 4 years, Non-Current Debt stood at $108.3 million in 2023, then soared by 251.49% to $380.8 million in 2024, then surged by 46.95% to $559.6 million in 2025, then decreased by 4.3% to $535.5 million in 2026.
- According to Business Quant data, Non-Current Debt over the past three periods registered $535.5 million, $535.1 million, and $559.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 25.83 Bn | 25.58 Bn | - | - |
| 2 | Eason Technology | 6.12 Bn | 6.12 Bn | - | - |
| 3 | Opendoor Technologies | 2.91 Bn | 2.02 Bn | 86.00 Mn | 1.07 Bn |
| 4 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | 1.18 Bn |
| 5 | LandBridge | 2.44 Bn | 2.40 Bn | 65.51 Mn | 535.53 Mn |
| 6 | Kennedy-Wilson Holdings | 1.52 Bn | 1.37 Bn | 83.20 Mn | 2.63 Bn |
| 7 | Frp Holdings | 420.67 Mn | 420.67 Mn | - | 214.62 Mn |
| 8 | American Realty Investors | 250.20 Mn | 250.20 Mn | - | 218.03 Mn |
| 9 | Belpointe PREP | 186.60 Mn | 186.60 Mn | - | - |
| 10 | Star Holdings | 114.16 Mn | 79.35 Mn | 5.31 Mn | 208.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 535.53 Mn |
| Mar 31, 2026 | 535.11 Mn |
| Dec 31, 2025 | 559.59 Mn |
| Sep 30, 2025 | 366.08 Mn |
| Jun 30, 2025 | 370.87 Mn |
| Mar 31, 2025 | 375.47 Mn |
| Dec 31, 2024 | 380.82 Mn |
| Sep 30, 2024 | 242.43 Mn |
| Jun 30, 2024 | 360.85 Mn |
| Dec 31, 2023 | 108.34 Mn |