NYSE$LB
LandBridge Company LLC · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
LB reported Q3 2025 revenue of $89.0M, a net loss of $12.0M.
For Q3 2025, LB reported Revenue was $89.0M, net loss was $12.0M. The filing discusses operating performance, liquidity, and outlook in MD&A.
- Revenue $89.0M for Q3 2025.
- Net loss $12.0M.
- MD&A covers R&D, cash runway, and sector-specific risks.
Headline financials
Revenue & EPS history
LandBridge Company LLC · Revenue · Quarterly
$50.8M
Revenue by segment
LandBridge Company LLC · $47.5M total across 9 segments · Q2 2025
- Easements and other surface-related revenues$14.3M—30.0%
- Surface use royalties$9.02M—19.0%
- Surface use royalties - Related party$7.68M—16.1%
- Resource sales$5.46M—11.5%
- Resource royalties$3.84M—8.1%
- Easements and other surface-related revenues - Related party$3.25M—6.8%
- Oil and gas royalties$2.73M—5.8%
- Resource royalties - Related party$1.11M—2.3%
- Resource sales - Related party$181K—0.4%
Forward guidance
Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.
Tailwinds
- Cash and equivalents support operations into upcoming milestones.
- Clinical or product pipeline progress noted in MD&A.
Headwinds
- Ongoing operating losses and R&D spend pressure near-term earnings.
- Financing, dilution, or partnership timing may affect liquidity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q3 2025
+1.3%
Avg return
Earnings day
+1.7%
Avg return
5 days after
-2.8%
Avg return
30 days after
43%
3 / 7 earnings
Positive
+22.7%
Q3 2024
Best reaction
-11.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -0.2% | +1.1% | +5.8% | |
| Q4 2025 | +13.8% | +12.0% | +10.0% | |
| Q3 2025 | -10.5% | -23.9% | -32.3% | |
| Q1 2025 | -11.3% | +1.2% | -5.9% | |
| Q4 2024 | -6.1% | +4.2% | -8.9% | |
| Q3 2024 | +22.7% | +13.8% | +4.2% | |
| Q2 2024 | +1.0% | +3.2% | +7.7% | |
| Q1 2024 | — | — | — | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — |
Discussion
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