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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |