LBRDA

MKT CAP:$6B

Liberty Broadband Corporation

Market Cap

$6B

Communication Services·Telecommunications Services·🇺🇸 United States·NASDAQ

Communication·Telecommunications·🇺🇸·NASDAQ

Stock Price

$56.41+$7.90 (+16.29%)

Apr 23, 2026

Company Details

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential cu...

CEO

Martin Edward Patterson

IPO Date

Nov 4, 2014

Website

www.libertybroadband.com

Key Metrics TTM

Revenue

$527M

-48.1% YoY

Net Income

-$2.7B

EPS (Diluted)

-$18.64

Free Cash Flow

-$80M

Revenue / Share

$3.67

Gross Margin

78.0%

Operating Margin

13.5%

Net Margin

-507.8%

FCF Margin

-15.2%

P/S

11.5x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 4, 2026

$0-100.0%EPS -$18.71

Q4 2025

Feb 4, 2026

$0-100.0%EPS -$22.11

Q3 2025

Nov 5, 2025

$0-100.0%EPS -$1.08

Q2 2025

Aug 7, 2025

$261M+6.1%EPS $2.68

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$238M	$172M	$7M
Q2 22	$239M	$179M	-$1M
Q3 22	$248M	$184M	-$12M
Q4 22	$250M	$187M	-$33M
Q1 23	$246M	$184M	$16M
Q2 23	$245M	$186M	$23M
Q3 23	$240M	$181M	$21M
Q4 23	$250M	$185M	$13M
Q1 24	$245M	$183M	$28M
Q2 24	$246M	$184M	$21M
Q3 24	$262M	$198M	$30M
Q4 24	$263M	$194M	$13M
Q1 25	$266M	$208M	$43M
Q2 25	$261M	$203M	$41M
Q3 25	$0	$0	-$8M
Q4 25	$0	$0	-$5M

Valuation

Quarter	P/S	P/E
Q1 22	23.0x	23.1x
Q2 22	18.7x	13.2x
Q3 22	12.2x	8.1x
Q4 22	12.4x	9.6x
Q1 23	12.1x	11.6x
Q2 23	11.8x	14.3x
Q3 23	13.2x	19.6x
Q4 23	11.4x	16.3x
Q1 24	8.1x	9.2x
Q2 24	7.9x	9.6x
Q3 24	11.0x	14.0x
Q4 24	10.4x	12.2x
Q1 25	11.7x	13.6x
Q2 25	12.5x	12.1x
Q3 25	11.5x	11.5x
Q4 25	13.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$90M	$58M
Q2 22	-$72M	-$118M
Q3 22	-$78M	-$132M
Q4 22	$4M	-$20M
Q1 23	$41M	-$13M
Q2 23	-$96M	-$139M
Q3 23	$9M	-$43M
Q4 23	$62M	-$11M
Q1 24	$52M	-$9M
Q2 24	$27M	-$35M
Q3 24	$24M	-$36M
Q4 24	$1M	-$63M
Q1 25	$78M	$13M
Q2 25	$91M	$37M
Q3 25	-$18M	$101M
Q4 25	-$231M	-$231M

Capital Expenditures

Quarter	CapEx
Q1 22	$32M
Q2 22	$46M
Q3 22	$54M
Q4 22	$24M
Q1 23	$54M
Q2 23	$43M
Q3 23	$52M
Q4 23	$73M
Q1 24	$61M
Q2 24	$62M
Q3 24	$60M
Q4 24	$64M
Q1 25	$65M
Q2 25	$54M
Q3 25	$119M
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-3.5%	-2.7%
Q2 22	-1.2%	-1.6%
Q3 22	-0.9%	+4.6%
Q4 22	+0.4%	+8.6%
Q1 23	+3.4%	-0.4%
Q2 23	+2.5%	-7.5%
Q3 23	-3.2%	-15.8%
Q4 23	+0.0%	-16.3%
Q1 24	-0.4%	-5.7%
Q2 24	+0.4%	+1.4%
Q3 24	+9.2%	+5.9%
Q4 24	+5.2%	+5.5%
Q1 25	+8.6%	+2.8%
Q2 25	+6.1%	-2.2%
Q3 25	-100.0%	-96.6%
Q4 25	-100.0%	-98.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$9M	3.8%
Q2 22	$9M	3.8%
Q3 22	$10M	4.0%
Q4 22	$9M	3.6%
Q1 23	$8M	3.3%
Q2 23	$8M	3.3%
Q3 23	$9M	3.8%
Q4 23	$9M	3.6%
Q1 24	$7M	2.9%
Q2 24	$7M	2.8%
Q3 24	$8M	3.1%
Q4 24	$6M	2.3%
Q1 25	$3M	1.1%
Q2 25	$6M	2.3%
Q3 25	-$5M	—
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$101M
Q2 22	—	—	$105M
Q3 22	—	—	$111M
Q4 22	$111M	$4M	—
Q1 23	—	—	$110M
Q2 23	—	—	$107M
Q3 23	—	—	$105M
Q4 23	$106M	$5M	—
Q1 24	—	—	$105M
Q2 24	—	—	$111M
Q3 24	—	—	$113M
Q4 24	$124M	$7M	—
Q1 25	—	—	$112M
Q2 25	—	—	$110M
Q3 25	—	—	$8M
Q4 25	—	—	$5M

Revenue Segments

Quarter	GCI Holdings
Q1 25	$266M
Q2 25	$261M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$300M	$0	$300M
Q2 22	$301M	$0	$301M
Q3 22	$203M	$0	$203M
Q4 22	$375M	$0	$375M
Q1 23	$169M	$0	$169M
Q2 23	$81M	$0	$81M
Q3 23	$88M	$0	$88M
Q4 23	$158M	$0	$158M
Q1 24	$108M	$0	$108M
Q2 24	$73M	$0	$73M
Q3 24	$168M	$0	$168M
Q4 24	$163M	$0	$163M
Q1 25	$226M	$0	$226M
Q2 25	$180M	$0	$180M
Q3 25	$73M	$0	$73M
Q4 25	$57M	$0	$57M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	169M	-7.7%	-13.8%
Q2 22	162M	-4.1%	-14.7%
Q3 22	154M	-4.9%	-15.8%
Q4 22	153M	-1.0%	-16.7%
Q1 23	147M	-3.6%	-13.0%
Q2 23	147M	0.0%	-9.3%
Q3 23	147M	0.0%	-4.5%
Q4 23	144M	-2.1%	-5.6%
Q1 24	143M	-0.7%	-2.7%
Q2 24	143M	0.0%	-2.7%
Q3 24	143M	0.0%	-2.7%
Q4 24	143M	0.0%	-0.7%
Q1 25	143M	0.0%	0.0%
Q2 25	143M	0.0%	0.0%
Q3 25	143M	0.0%	0.0%
Q4 25	143M	+0.3%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$3M	86
Q2 22	$3M	86
Q3 22	$3M	86
Q4 22	$3M	83
Q1 23	$3M	83
Q2 23	$3M	83
Q3 23	$3M	83
Q4 23	$3M	86
Q1 24	$3M	86
Q2 24	$3M	86
Q3 24	$3M	86
Q4 24	$3M	84
Q1 25	$3M	84
Q2 25	$3M	84
Q3 25	$0	84
Q4 25	$0	74

Revenue / Employee