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Side-by-side financial comparison of Hyperscale Data, Inc. (GPUS) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($51.0M vs $26.9M, roughly 1.9× Hyperscale Data, Inc.). LandBridge Co LLC runs the higher net margin — 35.0% vs -112.0%, a 147.0% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs 16.0%). LandBridge Co LLC produced more free cash flow last quarter ($40.9M vs $-56.2M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (40.2% CAGR vs -16.3%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
GPUS vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.9M | $51.0M |
| Net Profit | $-30.1M | $17.9M |
| Gross Margin | 14.5% | — |
| Operating Margin | -117.8% | 57.2% |
| Net Margin | -112.0% | 35.0% |
| Revenue YoY | 38.4% | 16.0% |
| Net Profit YoY | -6670.3% | 15.6% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $51.0M | ||
| Q4 25 | $26.9M | $56.8M | ||
| Q3 25 | $24.3M | $50.8M | ||
| Q2 25 | $25.9M | $47.5M | ||
| Q1 25 | $25.0M | $44.0M | ||
| Q4 24 | $19.4M | $36.5M | ||
| Q3 24 | $31.1M | $28.5M | ||
| Q2 24 | $17.8M | $26.0M |
| Q1 26 | — | $17.9M | ||
| Q4 25 | $-30.1M | $8.1M | ||
| Q3 25 | $-13.0M | $8.1M | ||
| Q2 25 | $-19.1M | $7.5M | ||
| Q1 25 | $-4.2M | $6.5M | ||
| Q4 24 | $-445.0K | $49.3M | ||
| Q3 24 | $-25.5M | $2.7M | ||
| Q2 24 | $-33.9M | $-57.7M |
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 27.5% | — | ||
| Q2 24 | -21.3% | — |
| Q1 26 | — | 57.2% | ||
| Q4 25 | -117.8% | 60.0% | ||
| Q3 25 | -57.8% | 60.8% | ||
| Q2 25 | -39.2% | 60.0% | ||
| Q1 25 | -25.5% | 57.0% | ||
| Q4 24 | -46.8% | 49.4% | ||
| Q3 24 | -79.2% | 11.2% | ||
| Q2 24 | -151.4% | -197.4% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | -112.0% | 14.2% | ||
| Q3 25 | -53.5% | 15.9% | ||
| Q2 25 | -73.7% | 15.8% | ||
| Q1 25 | -16.8% | 14.7% | ||
| Q4 24 | -2.3% | 135.2% | ||
| Q3 24 | -82.3% | 9.3% | ||
| Q2 24 | -190.7% | -222.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-0.39 | $0.26 | ||
| Q2 25 | $-2.66 | $0.24 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | $-8.78 | — | ||
| Q3 24 | $-24.82 | $-0.04 | ||
| Q2 24 | $-37.81 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.1M | $29.7M |
| Total DebtLower is stronger | $83.1M | $433.0K |
| Stockholders' EquityBook value | $119.8M | — |
| Total Assets | $313.7M | $1.4B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.7M | ||
| Q4 25 | $13.1M | $30.7M | ||
| Q3 25 | $24.8M | $28.3M | ||
| Q2 25 | $5.9M | $20.3M | ||
| Q1 25 | $4.2M | $14.9M | ||
| Q4 24 | $4.5M | $37.0M | ||
| Q3 24 | $7.9M | $14.4M | ||
| Q2 24 | $9.6M | $24.6M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | $83.1M | $570.7M | ||
| Q3 25 | $80.0M | $366.1M | ||
| Q2 25 | $88.5M | $370.9M | ||
| Q1 25 | $92.8M | $375.5M | ||
| Q4 24 | $96.7M | $385.5M | ||
| Q3 24 | $104.8M | $242.4M | ||
| Q2 24 | $106.8M | $360.8M |
| Q1 26 | — | — | ||
| Q4 25 | $119.8M | $340.3M | ||
| Q3 25 | $55.9M | $272.0M | ||
| Q2 25 | $5.5M | $266.4M | ||
| Q1 25 | $6.3M | $217.0M | ||
| Q4 24 | $8.6M | $211.8M | ||
| Q3 24 | $2.7M | $97.2M | ||
| Q2 24 | $26.7M | $296.4M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $313.7M | $1.4B | ||
| Q3 25 | $242.4M | $1.1B | ||
| Q2 25 | $213.5M | $1.1B | ||
| Q1 25 | $218.5M | $1.0B | ||
| Q4 24 | $220.8M | $1.0B | ||
| Q3 24 | $231.5M | $689.9M | ||
| Q2 24 | $270.8M | $710.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | 1.68× | ||
| Q3 25 | 1.43× | 1.35× | ||
| Q2 25 | 16.06× | 1.39× | ||
| Q1 25 | 14.71× | 1.73× | ||
| Q4 24 | 11.19× | 1.82× | ||
| Q3 24 | 38.41× | 2.49× | ||
| Q2 24 | 4.00× | 1.22× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-37.7M | $41.1M |
| Free Cash FlowOCF − Capex | $-56.2M | $40.9M |
| FCF MarginFCF / Revenue | -208.7% | 80.3% |
| Capex IntensityCapex / Revenue | 68.6% | — |
| Cash ConversionOCF / Net Profit | — | 2.30× |
| TTM Free Cash FlowTrailing 4 quarters | $-87.1M | $232.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.1M | ||
| Q4 25 | $-37.7M | $126.3M | ||
| Q3 25 | $-17.8M | $34.9M | ||
| Q2 25 | $-3.1M | $37.3M | ||
| Q1 25 | $-4.0M | $15.9M | ||
| Q4 24 | $-9.2M | $67.6M | ||
| Q3 24 | $3.7M | $7.5M | ||
| Q2 24 | $-3.7M | $16.0M |
| Q1 26 | — | $40.9M | ||
| Q4 25 | $-56.2M | $122.0M | ||
| Q3 25 | $-20.6M | $33.7M | ||
| Q2 25 | $-3.5M | $36.1M | ||
| Q1 25 | $-6.8M | $15.8M | ||
| Q4 24 | $-9.3M | $66.7M | ||
| Q3 24 | $2.6M | $7.1M | ||
| Q2 24 | $-5.9M | $15.7M |
| Q1 26 | — | 80.3% | ||
| Q4 25 | -208.7% | 214.9% | ||
| Q3 25 | -84.5% | 66.3% | ||
| Q2 25 | -13.5% | 75.9% | ||
| Q1 25 | -27.3% | 36.0% | ||
| Q4 24 | -47.6% | 182.6% | ||
| Q3 24 | 8.4% | 25.1% | ||
| Q2 24 | -33.4% | 60.4% |
| Q1 26 | — | — | ||
| Q4 25 | 68.6% | 7.5% | ||
| Q3 25 | 11.5% | 2.3% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 11.5% | 0.2% | ||
| Q4 24 | 0.3% | 2.7% | ||
| Q3 24 | 3.6% | 1.1% | ||
| Q2 24 | 12.6% | 1.4% |
| Q1 26 | — | 2.30× | ||
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
LB
| Other | $14.2M | 28% |
| Easements and other surface-related revenues | $11.6M | 23% |
| Surface use royalties - related party | $11.0M | 22% |
| Resource sales | $5.2M | 10% |
| Resource royalties | $4.3M | 8% |
| Easements and other surface-related revenues - related party | $3.2M | 6% |
| Resource royalties - related party | $1.3M | 2% |
| Resource sales - related party | $205.0K | 0% |
