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Side-by-side financial comparison of LandBridge Co LLC (LB) and Veritone, Inc. (VERI). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($51.0M vs $26.6M, roughly 1.9× Veritone, Inc.). LandBridge Co LLC runs the higher net margin — 35.0% vs -109.8%, a 144.8% gap on every dollar of revenue. On growth, Veritone, Inc. posted the faster year-over-year revenue change (21.1% vs 16.0%). LandBridge Co LLC produced more free cash flow last quarter ($40.9M vs $-17.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (40.2% CAGR vs 39.0%).
Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.
LB vs VERI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.0M | $26.6M |
| Net Profit | $17.9M | $-29.2M |
| Gross Margin | — | — |
| Operating Margin | 57.2% | -68.2% |
| Net Margin | 35.0% | -109.8% |
| Revenue YoY | 16.0% | 21.1% |
| Net Profit YoY | 15.6% | -34.5% |
| 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 | $56.8M | — | ||
| Q3 25 | $50.8M | $26.6M | ||
| Q2 25 | $47.5M | $23.2M | ||
| Q1 25 | $44.0M | $22.5M | ||
| Q4 24 | $36.5M | $22.4M | ||
| Q3 24 | $28.5M | $22.0M | ||
| Q2 24 | $26.0M | $24.1M |
| Q1 26 | $17.9M | — | ||
| Q4 25 | $8.1M | — | ||
| Q3 25 | $8.1M | $-29.2M | ||
| Q2 25 | $7.5M | $-26.5M | ||
| Q1 25 | $6.5M | $-19.9M | ||
| Q4 24 | $49.3M | $31.8M | ||
| Q3 24 | $2.7M | $-21.7M | ||
| Q2 24 | $-57.7M | $-22.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 71.2% | ||
| Q2 24 | — | 72.6% |
| Q1 26 | 57.2% | — | ||
| Q4 25 | 60.0% | — | ||
| Q3 25 | 60.8% | -68.2% | ||
| Q2 25 | 60.0% | -82.0% | ||
| Q1 25 | 57.0% | -96.3% | ||
| Q4 24 | 49.4% | -93.8% | ||
| Q3 24 | 11.2% | -102.3% | ||
| Q2 24 | -197.4% | -84.4% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 14.2% | — | ||
| Q3 25 | 15.9% | -109.8% | ||
| Q2 25 | 15.8% | -114.2% | ||
| Q1 25 | 14.7% | -88.5% | ||
| Q4 24 | 135.2% | 141.7% | ||
| Q3 24 | 9.3% | -98.9% | ||
| Q2 24 | -222.1% | -92.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.24 | $-0.53 | ||
| Q1 25 | $0.20 | $-0.41 | ||
| Q4 24 | — | $0.85 | ||
| Q3 24 | $-0.04 | $-0.57 | ||
| Q2 24 | — | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $36.2M |
| Total DebtLower is stronger | $433.0K | $35.4M |
| Stockholders' EquityBook value | — | $15.5M |
| Total Assets | $1.4B | $198.6M |
| Debt / EquityLower = less leverage | — | 2.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.7M | — | ||
| Q4 25 | $30.7M | — | ||
| Q3 25 | $28.3M | $36.2M | ||
| Q2 25 | $20.3M | $13.6M | ||
| Q1 25 | $14.9M | $16.1M | ||
| Q4 24 | $37.0M | $16.9M | ||
| Q3 24 | $14.4M | $11.4M | ||
| Q2 24 | $24.6M | $46.0M |
| Q1 26 | $433.0K | — | ||
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | $35.4M | ||
| Q2 25 | $370.9M | $37.3M | ||
| Q1 25 | $375.5M | $39.2M | ||
| Q4 24 | $385.5M | $41.2M | ||
| Q3 24 | $242.4M | $73.6M | ||
| Q2 24 | $360.8M | $75.6M |
| Q1 26 | — | — | ||
| Q4 25 | $340.3M | — | ||
| Q3 25 | $272.0M | $15.5M | ||
| Q2 25 | $266.4M | $3.5M | ||
| Q1 25 | $217.0M | $14.8M | ||
| Q4 24 | $211.8M | $13.5M | ||
| Q3 24 | $97.2M | $-25.2M | ||
| Q2 24 | $296.4M | $-5.7M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.1B | $198.6M | ||
| Q2 25 | $1.1B | $188.1M | ||
| Q1 25 | $1.0B | $199.6M | ||
| Q4 24 | $1.0B | $198.1M | ||
| Q3 24 | $689.9M | $336.4M | ||
| Q2 24 | $710.5M | $321.8M |
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | 2.28× | ||
| Q2 25 | 1.39× | 10.71× | ||
| Q1 25 | 1.73× | 2.66× | ||
| Q4 24 | 1.82× | 3.06× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 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 | $41.1M | $-15.9M |
| Free Cash FlowOCF − Capex | $40.9M | $-17.1M |
| FCF MarginFCF / Revenue | 80.3% | -64.2% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 2.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $232.8M | $-46.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.1M | — | ||
| Q4 25 | $126.3M | — | ||
| Q3 25 | $34.9M | $-15.9M | ||
| Q2 25 | $37.3M | $-8.2M | ||
| Q1 25 | $15.9M | $-17.0M | ||
| Q4 24 | $67.6M | $-500.0K | ||
| Q3 24 | $7.5M | $3.6M | ||
| Q2 24 | $16.0M | $-42.7M |
| Q1 26 | $40.9M | — | ||
| Q4 25 | $122.0M | — | ||
| Q3 25 | $33.7M | $-17.1M | ||
| Q2 25 | $36.1M | $-9.2M | ||
| Q1 25 | $15.8M | $-18.4M | ||
| Q4 24 | $66.7M | $-1.7M | ||
| Q3 24 | $7.1M | $1.9M | ||
| Q2 24 | $15.7M | $-44.1M |
| Q1 26 | 80.3% | — | ||
| Q4 25 | 214.9% | — | ||
| Q3 25 | 66.3% | -64.2% | ||
| Q2 25 | 75.9% | -39.6% | ||
| Q1 25 | 36.0% | -81.9% | ||
| Q4 24 | 182.6% | -7.4% | ||
| Q3 24 | 25.1% | 8.6% | ||
| Q2 24 | 60.4% | -183.4% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | — | ||
| Q3 25 | 2.3% | 4.6% | ||
| Q2 25 | 2.6% | 4.1% | ||
| Q1 25 | 0.2% | 6.0% | ||
| Q4 24 | 2.7% | 5.2% | ||
| Q3 24 | 1.1% | 7.7% | ||
| Q2 24 | 1.4% | 5.9% |
| Q1 26 | 2.30× | — | ||
| Q4 25 | 15.68× | — | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | -0.02× | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
VERI
| Software Products And Services | $20.9M | 78% |
| Other | $2.3M | 9% |
| Public Sector | $2.0M | 7% |
| Representation Services | $1.5M | 6% |
