| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 54,225 | 33,934 |
| Depreciation, depletion, amortization and accretion | 7,730 | 5,146 |
| Amortization of debt issuance costs | 1,619 | 1,079 |
| Share-based compensation | 33,636 | 22,411 |
| Deferred income tax expense (benefit) | 2,265 | 991 |
| Other | -5 | -6 |
| Accounts receivable | 7,130 | 5,342 |
| Related party accounts receivable | 2,452 | 591 |
| Prepaid expenses and other assets | 3,906 | 1,778 |
| Accounts payable | 65 | -42 |
| Related party accounts payable | 216 | 96 |
| Unearned revenue | 1,017 | -162 |
| Accrued liabilities and other liabilities | -565 | -672 |
| Taxes payable | 1,432 | -1,831 |
| Net cash provided by operating activities | 88,157 | 53,245 |
| Acquisitions | 18,767 | 18,762 |
| Capital expenditures | 2,496 | 1,309 |
| Proceeds from disposal of assets | 210 | 125 |
| Net cash used in investing activities | -21,053 | -19,946 |
| Proceeds from issuance of class a shares, net of underwriting discounts and fees | 0 | - |
| Taxes paid related to net share settlement of rsus | 5,728 | - |
| Contributions from member | 0 | 0 |
| Dividends, dividend equivalents, and distributions paid | 52,773 | 37,923 |
| Proceeds from term loan | 0 | 0 |
| Repayments on term loan | 5,750 | 5,750 |
| Proceeds from revolver | 15,000 | 10,000 |
| Repayments on revolver | 25,000 | 15,000 |
| Debt issuance costs | 55 | 40 |
| Offering costs | 1,110 | 977 |
| Other | -404 | -296 |
| Net cash (used in) provided by financing activities | -75,820 | -49,986 |
| Net decrease in cash and cash equivalents | -8,716 | -16,687 |
| Cash and cash equivalents at beginning of period | 37,032 | - |
| Cash and cash equivalents at end of period | 28,316 | - |
LandBridge Co LLC (LB)
LandBridge Co LLC (LB)