Filing Flows › LandBridge (LB) › How it makes money
How LandBridge (LB) makes money
LandBridge (LB) made $70.9M of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier. Of every dollar of revenue, 68¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $70.9M | 100.0% |
| Operating profit | $48.2M | 68.1% |
| Income tax | $4.3M | 6.1% |
| Net earnings | $13.0M | 18.3% |
| Operating cash flow | $49.6M | 69.9% |
| Free cash flow | $49.0M | 69.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $70.9M | +40% |
| Q2 2026 | $66.8M | +41% |
| Q1 2026 | $51.0M | +16% |
| Q4 2025 | $56.8M | +56% |
| Q3 2025 | $50.8M | +78% |
| Q2 2025 | $47.5M | +83% |
| Q1 2025 | $44.0M | +131% |
From LandBridge's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does LandBridge make money?
LandBridge (LB) made $70.9M of revenue in the third quarter 2026 (Q3 2026), +39% from a year earlier. Of every dollar of revenue, 68¢ was left as operating profit, 18¢ was left as net earnings.
What is LandBridge's profit margin?
Net earnings were $13.0M, 18.3% of revenue, in the third quarter 2026; the operating margin was 68.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.