Liberty Broadband Corp
LBRDK—
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Liberty Broadband Corp AI Insights
Informational only. Not investment advice.Snapshot
- Net margin 77.6% TTM vs industry median 6.5% - driven by investment gains/equity method income, not operating performance[Net Margin TTM]
- Negative FCF (-119M TTM) and negative operating cash flow (-265M) despite 788M net income - earnings quality concern[Free Cash Flow TTM]
- 5Y revenue growth 128% vs industry median 3.3% - but revenue only 1B with 13.2B assets signals holding company structure[Total Revenue 5Y Growth TTM]
Watch Triggers
- Cash and Equivalents: Falls below 50M or current debt increases — 73M cash vs 102M current debt - liquidity buffer is thin
- Cash Flow from Continuing Operating Activities: Remains negative for 2+ consecutive quarters — Sustained negative operating CF would require debt or equity raises
- Gain/Loss on Investment Securities: Charter stake value declines materially — Investment portfolio drives net income - mark-to-market swings hit P&L
Bull Case
Conservative leverage at 0.20 debt/equity with 1.7B net debt against 8.9B equity provides M&A optionality
Debt to EquityNet DebtTotal Equity
Tangible book value of 8.9B with no goodwill suggests asset value is real, not inflated by acquisitions
Tangible Book ValueCommon Stockholders Equity
Bear Case
Negative working capital (-265M) and negative FCF (-119M TTM) creates liquidity risk despite paper profits
Working CapitalFree Cash Flow TTMCash and Equivalents
Only 73M cash with 102M current debt due - refinancing or asset sales needed within 12 months
Cash and EquivalentsCurrent DebtCurrent Liabilities
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Cash flow will remain decoupled from net income due to equity investment structure
1-3yhigh
- Investment income recognition vs cash distributions
- Charter Communications stake drives P&L
- Limited operating business cash generation
Net income 788M vs operating CF -265M TTMEBITDA 1.4B vs normalized EBITDA 282MAsset turnover 0.07 vs median 0.36
Valuation Context
Caveats
LBRDK Fundamentals
Information → Telecommunications
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$4.77B | — | ||
$5.95B | — | ||
0.00 | — | ||
$0 | — | ||
$-36.71 | — | ||
0% | — | ||
0% | — | ||
$-389.0M | — | ||
-74.2% | -85.2% | — | |
Beta 5Y (Monthly) | unknown | — |
LBRDK Dividend History
No dividends
LBRDK Stock Splits
No stock splits
LBRDK SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
07/29/26 | 06/30/26 | 10-Q | |
04/28/26 | 03/31/26 | 10-Q | |
02/05/26 | 12/31/25 | Unknown | |
11/05/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
05/02/23 | 03/31/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/07/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/04/20 | 09/30/20 | 10-Q | |
07/31/20 | 06/30/20 | 10-Q | |
05/01/20 | 03/31/20 | 10-Q | |
02/03/20 | 12/31/19 | 10-K | |
11/01/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/08/19 | 12/31/18 | 10-K | |
11/01/18 | 09/30/18 | 10-Q | |
08/02/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/09/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/03/17 | 03/31/17 | 10-Q | |
02/17/17 | 12/31/16 | 10-K | |
11/04/16 | 09/30/16 | 10-Q | |
08/09/16 | 06/30/16 | 10-Q | |
05/09/16 | 03/31/16 | 10-Q | |
02/12/16 | 12/31/15 | 10-K | |
11/10/15 | 09/30/15 | 10-Q | |
08/13/15 | 06/30/15 | 10-Q | |
05/14/15 | 03/31/15 | 10-Q | |
03/12/15 | 12/31/14 | 10-K | |
12/05/14 | 09/30/14 | 10-Q | |
10/23/14 | 06/30/14 | S-1/A | |
07/25/14 | 03/31/14 | S-1 | |
07/25/14 | 12/31/13 | S-1 | |
12/05/14 | 09/30/13 | 10-Q | |
06/30/13 | 06/30/13 | Unknown | -- |
07/25/14 | 03/31/13 | S-1 |