Filing Flows › LandBridge (LB) › Q3 2026 › vs Q2 2026
LandBridge (LB) Q3 2026 vs Q2 2026 (quarter over quarter)
LandBridge's revenue rose $4.0M (+6%) from $66.8M in Q2 2026 to $70.9M in Q3 2026. Operating margin 68.1% against 66.1% (+2.0 pts).
LandBridge, Q3 2026: revenue $70.9M (+40% year over year), operating margin 68.1%, net earnings $13.0M, operating cash flow $49.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 68.1% | 66.1% | +2.0 pts |
| Net margin | 18.3% | 18.4% | -0.1 pts |
| Free cash flow margin | 69.1% | 60.2% | +8.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $70.9M | $66.8M | $4.0M | +6% |
| Operating profit | $48.2M | $44.2M | $4.1M | +9% |
| Costs & expenses | $22.6M | $22.7M | −$39K | -0.2% |
| Pre-tax earnings | $38.4M | $35.0M | $3.4M | +10% |
| Other expense, net | $9.9M | $9.2M | $647K | +7% |
| General & admin | $15.9M | $15.9M | −$10K | -0.1% |
| Other operating costs | $6.8M | $6.8M | −$29K | -0.4% |
| Net earnings | $13.0M | $12.3M | $671K | +5% |
| Minority interests | $21.1M | $18.8M | $2.3M | +12% |
| Income tax | $4.3M | $3.9M | $443K | +11% |
| Depreciation & amortization | $4.6M | $4.4M | $181K | +4% |
| Share-based compensation | $9.1M | $11.2M | −$2.1M | -19% |
| Working capital & other | $22.9M | $13.5M | $9.4M | +70% |
| Operating cash flow | $49.6M | $41.4M | $8.2M | +20% |
| Free cash flow (OCF − capex) | $49.0M | $40.2M | $8.7M | +22% |
| Capital expenditures | $577K | $1.1M | −$554K | -49% |
Questions
How much did LandBridge's revenue grow quarter over quarter in Q3 2026?
LandBridge's revenue rose $4.0M (+6%) from $66.8M in Q2 2026 to $70.9M in Q3 2026. Operating margin 68.1% against 66.1% (+2.0 pts).