NYSE · Financial Statements

Live Oak Bancshares, Inc. (LOB) Financial Statements

$35.15 NYSE: LOB Market Cap $1.63B

Live Oak Bancshares, Inc. most recently reported annual revenue of $1.0B, net profit of $104.0M. Revenue grew at an average annual rate of 22.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Live Oak Bancshares, Inc.: Revenue rose from $145.0M in 2016 to $1.0B in 2025, a change of +617.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 11.9% to 15.5%, a shift of +3.6 percentage points; the most recent year shows net profit of $104.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$145.0M	$203.0M	$253.0M	$290.0M	$378.0M	$506.0M	$509.0M	$777.0M	$929.0M	$1.0B
Operating Expenses	$128.0M	$105.0M	$207.0M	$266.0M	$331.0M	$296.0M	$299.0M	$694.0M	$840.0M	$880.0M
Operating Profit	$17.0M	$98.0M	$46.0M	$23.0M	$47.0M	$211.0M	$210.0M	$83.0M	$89.0M	$161.0M
Operating Margin	11.9%	48.3%	18.2%	8.1%	12.5%	41.6%	41.3%	10.7%	9.6%	15.5%
Other Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest	$15.0M	$25.0M	$55.0M	$88.0M	$94.0M	$64.0M	$117.0M	$343.0M	$436.0M	$460.0M
Depreciation	$4.0M	$10.0M	$16.0M	$20.0M	$22.0M	$21.0M	$21.0M	$21.0M	$23.0M	$24.0M
Profit Before Tax	$17.0M	$98.0M	$46.0M	$23.0M	$47.0M	$211.0M	$210.0M	$83.0M	$89.0M	$161.0M
Tax	$20.0M	$-2.3M	$-11.7M	$23.1M	$-25.6M	$20.8M	$16.2M	$10.8M	$13.2M	$35.6M
Net Profit	$14.0M	$100.0M	$51.0M	$18.0M	$60.0M	$167.0M	$176.0M	$74.0M	$77.0M	$104.0M
EPS	$0.39	$2.65	$1.24	$0.44	$1.43	$3.71	$3.92	$1.64	$1.69	$2.22
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$216.0M	$198.0M	$221.0M	$231.0M	$238.0M	$240.0M	$236.0M	$257.0M	$258.0M	$289.0M	$260.0M	$272.0M
Operating Expenses	$173.0M	$181.0M	$198.0M	$194.0M	$220.0M	$227.0M	$223.0M	$226.0M	$222.0M	$209.0M	$220.0M	$227.0M
Operating Profit	$43.0M	$17.0M	$22.0M	$36.0M	$18.0M	$13.0M	$13.0M	$31.0M	$37.0M	$80.0M	$40.0M	$46.0M
Operating Margin	19.8%	8.8%	10.0%	15.6%	7.5%	5.5%	5.6%	12.1%	14.2%	27.7%	15.4%	16.8%
Interest	$91.0M	$97.0M	$102.0M	$107.0M	$112.0M	$115.0M	$113.0M	$115.0M	$116.0M	$117.0M	$114.0M	$116.0M
Profit Before Tax	$43.0M	$17.0M	$22.0M	$36.0M	$18.0M	$13.0M	$13.0M	$31.0M	$37.0M	$80.0M	$40.0M	$46.0M
Tax	$6.9M	$7.6M	$-24.8M	$25.2M	$27.0M	$25.6M	$26.4M	$25.1M	$27.6M	$44.9M	$25.3M	$19.9M
Net Profit	$40.0M	$16.0M	$28.0M	$27.0M	$13.0M	$10.0M	$10.0M	$23.0M	$27.0M	$44.0M	$30.0M	$37.0M
EPS	$0.88	$0.36	$0.60	$0.59	$0.28	$0.22	$0.21	$0.51	$0.55	$0.95	$0.60	$0.74

Over the 10 years reported for Live Oak Bancshares, Inc., borrowings increased from $32.0M in 2016 to $102.0M in 2025, cash stood at $865.0M in the latest year, shareholders' equity was $388.0M, current assets covered current liabilities 0.13 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$1.8B	$2.8B	$3.7B	$4.8B	$7.9B	$8.2B	$9.9B	$11.3B	$12.9B	$15.1B
Current Assets	$316.0M	$389.0M	$705.0M	$672.0M	$1.1B	$1.1B	$1.3B	$1.7B	$634.0M	$1.7B
Cash	$245.0M	$298.0M	$324.0M	$132.0M	$304.0M	$192.0M	$284.0M	$583.0M	$609.0M	$865.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Fixed Assets	$65.0M	$179.0M	$263.0M	$279.0M	$259.0M	$240.0M	$263.0M	$258.0M	$264.0M	$240.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$1.4B	$2.1B	$2.9B	$4.1B	$7.0B	$7.5B	$8.8B	$10.0B	$11.7B	$13.1B
Other Assets	$19.0M	$7.0M	$32.0M	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.5B	$2.3B	$3.2B	$4.3B	$7.3B	$7.5B	$9.0B	$10.4B	$11.9B	$13.9B
Current Liabilities	$1.5B	$2.3B	$3.2B	$4.2B	$5.7B	$7.1B	$8.9B	$10.3B	$11.8B	$13.7B
Borrowings	$32.0M	$27.0M	$3.0M	$0	$1.5B	$318.0M	$83.0M	$23.0M	$113.0M	$102.0M
Other Liabilities	$1.5B	$2.3B	$3.2B	$4.3B	$5.8B	$7.2B	$9.0B	$10.3B	$11.8B	$13.8B
Equity	$200.0M	$318.0M	$328.0M	$340.0M	$311.0M	$312.0M	$331.0M	$345.0M	$366.0M	$388.0M
Reserves	$223.0M	$437.0M	$494.0M	$532.0M	$568.0M	$715.0M	$811.0M	$903.0M	$999.0M	$1.3B

For Live Oak Bancshares, Inc., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was $143.0M; free cash flow was positive in 4 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$-222.0M	$-288.0M	$6.0M	$-483.0M	$-261.0M	$-120.0M	$124.0M	$620.0M	$536.0M	$158.0M
Investing Cash Flow	$-331.0M	$-659.0M	$-957.0M	$-722.0M	$-2.6B	$-153.0M	$-1.5B	$-1.8B	$-2.1B	$-1.9B
Financing Cash Flow	$681.0M	$772.0M	$893.0M	$1.1B	$1.4B	$1.4B	$1.8B	$1.4B	$1.5B	$1.9B
Net Cash Flow	$135.0M	$57.0M	$24.0M	$-98.0M	$97.0M	$-115.0M	$213.0M	$166.0M	$26.0M	$256.0M
Free Cash Flow	$-233.0M	$-412.0M	$-105.0M	$-520.0M	$-282.0M	$-123.0M	$81.0M	$573.0M	$487.0M	$143.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.09
EV / EBITDA	—
FCF Yield	—
Quick Ratio	—
Interest Coverage	—
Return 1Y	28.87%
Return 3Y	34.32%
Return 5Y	-29.99%

Live Oak Bancshares, Inc. (LOB) financials — frequently asked questions

What is Live Oak Bancshares, Inc.'s annual revenue?

Live Oak Bancshares, Inc. (LOB) reported annual revenue of $1.0B in its most recent fiscal year.

What is Live Oak Bancshares, Inc.'s net profit?

Live Oak Bancshares, Inc. (LOB) reported net profit of $104.0M in its most recent fiscal year.

Related stock screens

High ROE Financial Services Stocks Low P/E Financial Services Stocks High Net Margin Financial Services Stocks Dividend Financial Services Stocks Low Debt Financial Services Stocks High ROE Stocks Low P/E Stocks High Net Margin Stocks Dividend Stocks Low Debt Stocks NYSE High ROE Stocks All stock screens

LOB Overview LOB Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.