Live Oak Bancshares, Inc.
Financial ServicesNYSE:LOB · New York Stock Exchange
+$0.37 today
Vol 0.22M · Avg 0.24M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.1B of revenue converted into $124.1M of net income for the selected period. Gross margin is 49.9% and net margin is 11.5%, showing how much revenue survives after costs and taxes. EPS is $2.61, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B +12.0% | $929.3M +19.7% | $776.6M +52.6% | $508.8M +0.5% | $506.4M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $538.2M +1.0% | $532.7M +35.1% | $394.3M +149.7% | $157.9M +98.3% | $79.6M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $503.0M +26.8% | $396.6M +3.8% | $382.3M +8.9% | $350.9M -17.8% | $426.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 48.3% +5.6pp | 42.7% -6.5pp | 49.2% -19.7pp | 69.0% -15.3pp | 84.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $253.9M +23.7% | $205.3M +0.5% | $204.3M +6.9% | $191.1M +39.5% | $137.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $342.0M +11.3% | $307.4M +2.7% | $299.4M +113.0% | $140.6M -34.9% | $216.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $24.1M +3.5% | $23.3M +9.5% | $21.3M +2.3% | $20.8M -2.7% | $21.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $185.1M +64.5% | $112.5M +8.1% | $104.1M -55.0% | $231.1M -0.5% | $232.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 17.8% +5.7pp | 12.1% -1.3pp | 13.4% -32.0pp | 45.4% -0.4pp | 45.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $161.0M +80.4% | $89.2M +7.7% | $82.8M -60.6% | $210.3M -0.2% | $210.8M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.5% +5.9pp | 9.6% -1.1pp | 10.7% -30.7pp | 41.3% -0.3pp | 41.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $908.5M +11.8% | $812.4M +18.0% | $688.3M +54.9% | $444.5M +23.1% | $361.2M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $460.1M +5.4% | $436.5M +27.3% | $343.0M +193.2% | $117.0M +81.6% | $64.4M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $161.0M +80.4% | $89.2M +7.7% | $82.8M -60.6% | $210.3M -0.2% | $210.8M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 15.5% +5.9pp | 9.6% -1.1pp | 10.7% -30.7pp | 41.3% -0.3pp | 41.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $57.3M +385.2% | $11.8M +32.3% | $8.9M -73.8% | $34.1M -22.1% | $43.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | $103.8M +34.0% | $77.5M +4.8% | $73.9M -58.1% | $176.2M +5.5% | $167.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.0% +1.6pp | 8.3% -1.2pp | 9.5% -25.1pp | 34.6% +1.7pp | 33.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +30.2% | $2 +3.0% | $2 -58.5% | $4 +3.9% | $4 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +31.4% | $2 +3.0% | $2 -58.2% | $4 +5.7% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $45.9M +2.0% | $45.0M +1.5% | $44.4M +1.1% | $43.9M +1.6% | $43.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $46.3M +0.7% | $46.0M +1.9% | $45.1M +0.4% | $44.9M -0.4% | $45.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
First Merchants Corporation
NASDAQ:FRME
$2.65B
Merchants Bancorp
NASDAQ:MBIN
$2.30B
Stellar Bancorp, Inc.
NYSE:STEL
$1.98B
1st Source Corporation
NASDAQ:SRCE
$1.89B
German American Bancorp, Inc.
NASDAQ:GABC
$1.72B
S&T Bancorp, Inc.
NASDAQ:STBA
$1.72B
TriCo Bancshares
NASDAQ:TCBK
$1.69B
Hope Bancorp, Inc.
NASDAQ:HOPE
$1.69B
National Bank Holdings Corporation
NYSE:NBHC
$1.66B
Lakeland Financial Corporation
NASDAQ:LKFN
$1.54B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does LOB generate?
Live Oak Bancshares, Inc. (LOB) reported $1.04B of revenue in fiscal 2025.
Is LOB profitable?
Live Oak Bancshares, Inc. (LOB) reported $103.78M of net income, with a net margin of 10.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.