LandBridge LB
NYSE LB
$86.01 -0.90 (-1.04%)
As of: Sep 10, 2026 · 3:59 PM EDT

LandBridge (LB) Operating Expenses (2024 - 2026)

LandBridge's (LB) quarterly Operating Expenses came in at $15.9 million in Q2 2026, up 7.43% on a YoY basis from $14.8 million in Q2 2025, and up 1.11% quarter-over-quarter from $15.7 million in Q1 2026.

Analysis

LandBridge (LB) Operating Expenses (2024 - 2026) Analysis & Trends

LandBridge (LB) has reported Operating Expenses for 3 consecutive years, with $15.9 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 7.43% year-over-year to $15.9 million; the trailing twelve-month figure through Jun 2026 stood at $46.5 million (up 52.4% YoY), and the FY2024 full-year result was $2.6 million, up 8.33% from the prior year.
  • Operating Expenses climbed to $15.9 million in Q2 2026 per LB's latest filing, from $15.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $15.9 million in Q2 2026 and bottomed at $100000.0 in Q2 2024.
  • Historically, Operating Expenses has averaged $7.9 million across 3 years, with a median of $7.7 million in 2024.
  • The widest YoY moves for Operating Expenses: up 14700.0% in 2025, down 0.0% in 2025.
  • Over 3 years, Operating Expenses stood at $100000.0 in 2024, then changed by 0.0% to $100000.0 in 2025, then surged by 15800.0% to $15.9 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $15.9 million, $15.7 million, and $100000.0 for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Texas Pacific Land 25.25 Bn 25.00 Bn - 54.24 Mn
2 Eason Technology 6.05 Bn 6.05 Bn - -
3 Vesta Real Estate Corporation, S.A.B. de C.V 2.85 Bn 2.85 Bn - -9.30 Mn
4 Opendoor Technologies 2.70 Bn 1.80 Bn 86.00 Mn 230.00 Mn
5 LandBridge 2.41 Bn 2.37 Bn 65.51 Mn 15.90 Mn
6 Kennedy-Wilson Holdings 1.52 Bn 1.37 Bn 83.20 Mn 109.70 Mn
7 Frp Holdings 423.91 Mn 423.91 Mn - 9.62 Mn
8 American Realty Investors 251.43 Mn 251.43 Mn - 15.42 Mn
9 Belpointe PREP 187.01 Mn 187.01 Mn - 3.00 Mn
10 Star Holdings 114.77 Mn 79.96 Mn 5.31 Mn 21.61 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 15.90 Mn
Mar 31, 2026 15.73 Mn
Sep 30, 2025 100,000.00
Jun 30, 2025 14.80 Mn
Mar 31, 2025 15.53 Mn
Sep 30, 2024 100,000.00
Jun 30, 2024 100,000.00
Mar 31, 2024 600,000.00