Filing Flows › Live Oak Bancshares (LOB) › Q3 2026
Live Oak Bancshares (LOB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Live Oak Bancshares (LOB) reported revenue of $176M for the third quarter 2026 (Q3 2026), +23% from a year earlier and +12% from the quarter before. Operating margin was 20.1%, net earnings $26.3M (15.0% of revenue).
Live Oak Bancshares, Q3 2026: revenue $176M (+23% year over year), operating margin 20.1%, net earnings $26.3M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | +12% | +23% |
| Operating profit | $35.2M | -23% | -4% |
| Net earnings | $26.3M | -28% | -0.8% |
| Operating cash flow | $127M | +306% | +92% |
| Free cash flow | $124M | +338% | +93% |
What changed
Revenue was $175.6M in Q3 2026, up 23% year over year and up 12% from the previous quarter. Net interest income was the largest line at 76% of revenue. Net interest income added $17.5M year over year (up 15%), 53% of the total change.
Operating profit was $35.2M, a 20.1% margin (down 5.6 points year over year). Operating profit fell $1.3M even though revenue rose $33.3M versus a year earlier, so costs grew faster than sales. Total costs grew 33% against revenue growth of 23%. The fastest-growing cost line was Credit loss provision (+146%). Net earnings were $26.4M, down 1% year over year. The effective tax rate was 25.4%.
Operating cash flow was $126.7M (up 92% year over year), 483% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization. Working capital and other items added $94.2M. Capital expenditures of $2.3M left free cash flow of $124.4M.
Questions
What was Live Oak Bancshares' revenue in the third quarter 2026?
Live Oak Bancshares (LOB) reported revenue of $176M for the third quarter 2026 (Q3 2026), +23% from a year earlier and +12% from the quarter before.
Was Live Oak Bancshares profitable in the third quarter 2026?
Operating profit was $35.2M (20.1% of revenue) and net earnings $26.3M.