Live Oak Bancshares (LOB) financial statements
Live Oak Bancshares reported revenue of $578M in fiscal 2025, up 17.4% a year over 9 years.
Net income was $106M.
Free cash flow was $143M, and the company returned $5M in dividends.
The diluted share count rose 31% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Live Oak Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $136M | $251M | $204M | $204M | $281M | $457M | $565M | $449M | $489M | $578M |
| Interest expense | $15M | $25M | $55M | $88M | $94M | $64M | $117M | $343M | — | — |
| Pre-tax income | $17M | $98M | $46M | $23M | $47M | $211M | $210M | $83M | $89M | $143M |
| Income tax | $3M | -$2M | -$5M | $5M | -$12M | $44M | $34M | $9M | $12M | $37M |
| Net income | $14M | $100M | $51M | $18M | $60M | $167M | $176M | $74M | $77M | $106M |
| EPS (diluted) | $0.39 | $2.65 | $1.24 | $0.44 | $1.43 | $3.71 | $3.92 | $1.64 | $1.69 | $2.23 |
| Diluted shares | 35M | 38M | 41M | 41M | 42M | 45M | 45M | 45M | 46M | 46M |
| Net margin | 10.1% | 40.0% | 25.2% | 8.9% | 21.2% | 36.5% | 31.2% | 16.4% | 15.9% | 18.3% |
Balance sheet
Fiscal years, from Live Oak Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | — | — | $221M | $318M | $204M | $417M | $583M | $609M | $865M |
| Property, plant and equipment | $65M | $179M | $263M | $279M | $259M | $240M | $263M | $258M | $264M | $240M |
| Goodwill | — | — | — | — | — | — | $2M | $2M | $2M | — |
| Total assets | $1.8B | $2.8B | $3.7B | $4.8B | $7.9B | $8.2B | $9.9B | $11.3B | $12.9B | $15.1B |
| Long-term debt | — | — | — | $0 | — | — | — | — | — | — |
| Total liabilities | $1.5B | $2.3B | $3.2B | $4.3B | $7.3B | $7.5B | $9.0B | $10.4B | $11.9B | $13.9B |
| Shareholders' equity | $223M | $437M | $494M | $532M | $568M | $715M | $811M | $903M | $999M | $1.2B |
| Net debt | — | — | — | -$221M | -$318M | -$204M | -$417M | -$583M | -$609M | -$865M |
Cash flow
Fiscal years, from Live Oak Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$222M | -$288M | $6M | -$483M | -$261M | -$120M | -$301M | $185M | $157M | $158M |
| Capital spending | $11M | $124M | $111M | $37M | $21M | $3M | $44M | $47M | $49M | $15M |
| Free cash flow | -$233M | -$412M | -$105M | -$520M | -$282M | -$123M | -$344M | $138M | $107M | $143M |
| Dividends paid | $3M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
| Net borrowing | -$532,000 | -$9M | -$25M | -$1M | $1.5B | -$1.2B | -$235M | -$60M | $89M | -$10M |
| Free cash flow margin | -171.0% | -164.0% | -51.4% | -255.3% | -100.4% | -26.9% | -60.9% | 30.7% | 22.0% | 24.8% |
| Dividends per share | $0.08 | $0.10 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 |
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Open LOB in InvestinglyQuestions
What was Live Oak Bancshares's revenue in 2025?
$578M in fiscal 2025, from its 10-K filing.
How much free cash flow does Live Oak Bancshares generate?
$143M in fiscal 2025 (operating cash flow minus capital spending).
From Live Oak Bancshares's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.