Liberty Broadband CorporationLBRDA
NasdaqGS•Communication Services•Telecom Services
Liberty Broadband Corporation engages in a range of communications businesses in the United States. The company offers subscription-based internet, mobile, and video and voice services; and residential and business services, including Spectrum Internet, mobile, TV, and voice products; Spectrum Business that offers Internet, mobile, video and voice services to small businesses, as well as tailored connectivity, communications and managed service solutions for mid-market and large businesses; and Spectrum Reach that provides local, regional and national businesses to advertise in individual and multiple service areas on cable television networks, and various streaming services and advertising platforms. It also provides Spectrum Security Shield that enables and protects devices at home using network-based security; internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment, and business telephone services; and operates regional sports and news channels. Liberty Broadband Corporation was incorporated in 2014 and is based in Englewood, Colorado.
Liberty Broadband Corporation (LBRDA) reported trailing twelve months revenue of $261.00M as of March 2026, a 74.8% decline year-over-year. Quarterly revenue reached $0, reflecting a contraction in sales.
Liberty Broadband Corporation reported a TTM net loss of $2.74B, with quarterly EBITDA of $-5.00M. The operating margin contracted from 16.2% to -500000000.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-500000000.0%) and net margin (20300000000.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 100.8% a year ago, signaling stronger bottom-line efficiency.
LBRDA trades at a P/S of 16.9x. The price-to-book ratio of 0.7x suggests the stock trades below its book value.
The company reported negative free cash flow of $-74.00M, indicating cash consumption over the period. The balance sheet shows $9.85B in total assets with $1.60B in long-term debt against $5.90B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -1562499992.9%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 2 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 30417069408.1% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 0.3 — conservative capital structure with low financial risk.
TTM revenue has contracted 34.9% — significant decline indicating deteriorating demand.
6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Share count is stable — no significant dilution or buyback activity.