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 | 19.20 Bn | 18.19 Bn | - | 68.97 Mn |
| 2 | Howard Hughes Holdings | 5.05 Bn | -3.83 Bn | 435.75 Mn | 59.02 Mn |
| 3 | Millrose Properties | 4.42 Bn | 4.24 Bn | - | 166.05 Mn |
| 4 | St Joe | 4.28 Bn | 3.78 Bn | 80.65 Mn | 56.74 Mn |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.06 Bn | - | 84.89 Mn |
| 6 | LandBridge | 1.83 Bn | 1.70 Bn | 65.71 Mn | 27.96 Mn |
| 7 | Opendoor Technologies | 1.33 Bn | -2.44 Bn | 38.00 Mn | 949.48 Mn |
| 8 | Forestar | 1.23 Bn | -117.25 Mn | 84.10 Mn | 51.11 Mn |
| 9 | Tejon Ranch | 482.31 Mn | 414.19 Mn | - | 27.02 Mn |
| 10 | Frp Holdings | 377.27 Mn | -71.77 Mn | - | 19.04 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();