Live Oak Bancshares, Inc. (LOB) — Financial statements
Income statement, balance sheet, and cash flow for Live Oak Bancshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,041↑12.0% | 929↑19.7% | 777↑52.6% | 509↑0.5% | 506 | |
| Cost of Revenue | 538↑1.0% | 533↑35.1% | 394↑149.7% | 158↑98.3% | 80 | |
| Gross Profit | 503↑26.8% | 397↑3.8% | 382↑8.9% | 351↓17.8% | 427 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 242↑24.5% | 194↑1.2% | 192↑6.2% | 181↑36.8% | 132 | |
| Selling & Marketing Expenses | 12↑9.6% | 11↓11.2% | 13↑19.1% | 11↑110.8% | 5 | |
| SG&A Expenses | 254↑23.7% | 205↑0.5% | 204↑6.9% | 191↑39.5% | 137 | |
| Other Expenses | 88↓13.7% | 102↑7.3% | 95↑288.3% | -51↓164.0% | 79 | |
| Operating Expenses | 342↑11.3% | 307↑2.7% | 299↑113.0% | 141↓34.9% | 216 | |
| Total Costs & Expenses | 880↑4.8% | 840↑21.1% | 694↑132.4% | 299↑1.0% | 296 | |
| Operating Results | ||||||
| Operating Income | 161↑80.4% | 89↑7.7% | 83↓60.6% | 210↓0.2% | 211 | |
| Depreciation & Amortization | 24↑3.5% | 23↑9.5% | 21↑2.3% | 21↓2.7% | 21 | |
| EBITDA | 185↑64.5% | 113↑8.1% | 104↓55.0% | 231↓0.5% | 232 | |
| EBIT | 161↑80.4% | 89↑7.7% | 83↓60.6% | 210↓0.2% | 211 | |
| Interest & Other Income | ||||||
| Net Interest Income | 448↑19.3% | 376↑8.9% | 345↑5.4% | 328↑10.3% | 297 | |
| Interest Income | 908↑11.8% | 812↑18.0% | 688↑54.9% | 444↑23.1% | 361 | |
| Interest Expense | 460↑5.4% | 436↑27.3% | 343↑193.2% | 117↑81.6% | 64 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 161↑80.4% | 89↑7.7% | 83↓60.6% | 210↓0.2% | 211 | |
| Income Tax Expense | 57↑385.2% | 12↑32.3% | 9↓73.8% | 34↓22.1% | 44 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 104↑33.9% | 77↑4.8% | 74↓58.1% | 176↑5.5% | 167 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 104↑34.0% | 77↑4.8% | 74↓58.1% | 176↑5.5% | 167 | |
| Bottom-Line Net Income | 104↑34.0% | 77↑4.8% | 74↓58.1% | 176↑5.5% | 167 | |
| EPS (Basic) | 2.24↑30.2% | 1.72↑3.0% | 1.67↓58.5% | 4.02↑3.9% | 3.87 | |
| EPS (Diluted) | 2.22↑31.4% | 1.69↑3.0% | 1.64↓58.2% | 3.92↑5.7% | 3.71 | |
| Weighted Average Shares | 46↑2.0% | 45↑1.5% | 44↑1.1% | 44↑1.6% | 43 | |
| Weighted Average Diluted Shares | 46↑0.7% | 46↑1.9% | 45↑0.4% | 45↓0.4% | 45 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.