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How Liberty Energy (LBRT) makes money

Liberty Energy (LBRT) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier.

Drawing the Sankey…

Liberty Energy revenue by quarterLiberty Energy revenue by quarter$977MQ1 2025$1.0BQ2 2025$947MQ3 2025$1.0BQ4 2025$1.0BQ1 2026$1.2BQ2 2026$1.2BQ3 2026
Liberty Energy: where each dollar of revenue goesLiberty Energy: where each dollar of revenue goesOperating cash flow19¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.2B100.0%
Operating cash flow$223M18.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.2B+26%
Q2 2026$1.2B+14%
Q1 2026$1.0B+4%
Q4 2025$1.0B+10%
Q3 2025$947M-17%
Q2 2025$1.0B-10%
Q1 2025$977M-9%

From Liberty Energy's 10-Q filed Oct 22, 2026 (on EDGAR).

Questions

How does Liberty Energy make money?

Liberty Energy (LBRT) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.