LandBridge (LB) Shares Outstanding (2024 - 2026)
LandBridge (LB) recorded Shares Outstanding of 27.96 million in Q2 2026, up 16.2% from 24.07 million a year earlier and up 0.4% from the prior quarter.
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Analysis
LandBridge (LB) Shares Outstanding (2024 - 2026) Analysis & Trends
For FY2025, LandBridge reported Shares Outstanding of 24.82 million, up 39.4% from FY2024.
- Across earlier years, Shares Outstanding came in at 17.81 million in FY2024.
- The Q2 2026 figure is the highest quarterly Shares Outstanding in data going back to Q3 2024.
- On a year-over-year basis, Shares Outstanding has increased for four consecutive quarters, with growth averaging 30.2% over the last four quarters.
- Per Business Quant, the preceding three quarters came in at 27.84 million (Q1 2026), 24.82 million (Q4 2025) and 25.34 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 23.31 Bn | 22.14 Bn | - | 68.97 Mn |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | 12.75 Bn |
| 3 | LandBridge | 6.20 Bn | 6.54 Bn | 65.71 Mn | 27.96 Mn |
| 4 | Millrose Properties | 4.06 Bn | 4.06 Bn | - | 166.05 Mn |
| 5 | St Joe | 3.76 Bn | 3.26 Bn | 73.42 Mn | 57.16 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.89 Bn | 2.89 Bn | - | 84.89 Mn |
| 7 | Opendoor Technologies | 2.35 Bn | -1.47 Bn | 86.00 Mn | 965.78 Mn |
| 8 | Forestar | 1.34 Bn | -3.23 Mn | 84.10 Mn | 51.11 Mn |
| 9 | Five Point Holdings | 705.60 Mn | 734.37 Mn | -23.72 Mn | 148.23 Mn |
| 10 | Tejon Ranch | 443.42 Mn | 378.40 Mn | - | 27.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.96 Mn |
| Mar 31, 2026 | 27.84 Mn |
| Dec 31, 2025 | 24.82 Mn |
| Sep 30, 2025 | 25.34 Mn |
| Jun 30, 2025 | 24.07 Mn |
| Mar 31, 2025 | 23.26 Mn |
| Dec 31, 2024 | 17.81 Mn |
| Sep 30, 2024 | 17.43 Mn |
API Access
LandBridge Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=LB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "LB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=LB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();