LBRDK
Liberty Broadband Corp
Next earnings Aug 5, 2026
$32.14
▼ -6.16%$32.14▼ -64.30%
over 1Y
L $29.40H $94.36
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-6.2%
1W+6.1%
1M-2.2%
3M-37.2%
YTD-34.1%
1Y-64.3%
Hold
Conviction
Horizon
Short (<3mo)
Street · 8 analysts
Sell
A pending merger turns this into a fixed-ratio proxy for Charter; the call is really a bet on CHTR and deal close, not standalone fundamentals.
Charter voting stake 25.01% · FY2025
The read
Middling fundamentals offset by an attractive price (~37% below fair value) — worth a look on the value angle.
Liberty Broadband is not an operating company in any conventional sense — it is 'primarily comprised of an equity method investment in Charter Communications,' controlling 25.01% of Charter's voting power. As a result, its reported standalone financials are dominated by mark-to-market and equity-method swings on that stake rather than by operations: FY2025 swung to a $2.68B net loss (from $869M of net income in FY2024) and total assets fell 47.1%, distortions driven by Charter accounting and the GCI divestiture (now presented as a discontinued operation after the July 14, 2025 separation). The headline 4.9x P/E is calculated on a stale FY2024 EPS and is not analytically meaningful for the current entity.
What actually determines value is the pending combination. On November 12, 2024, Charter agreed to acquire Liberty Broadband, with each Liberty Broadband common share converting into 0.236 of a Charter Class A share. Shareholders approved the deal on February 26, 2025, and on May 16, 2025 the parties agreed to accelerate the closing to occur contemporaneously with the Charter/Cox combination. In the interim, Charter is repurchasing at least $100M/month of stock from Liberty Broadband (or lending against it) to fund obligations, with proceeds applied to debt service expected to be tax-free. This is, in effect, a defined-terms merger arbitrage situation.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 5:00 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is LBRDK a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $988M | $975M | $981M | $1.02B | — |
| Gross profit | — | — | — | — | — |
| Operating income | -$98.0M | -$39.0M | -$39.0M | -$50.0M | -$36.0M |
| Net income | $732M | $1.26B | $688M | $869M | -$2.68B |
| Diluted EPS | $3.93 | $7.96 | $4.68 | $6.08 | — |
| Net margin | 74.1% | 128.9% | 70.1% | 85.5% | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$6.39B
EV / EBITDA37.4
EV / Sales6.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-57.0%
FCF yield-12.2%
Quality & risk
ROIC (est.)-0.4%
Free cash flow-$574M
Total debt$1.75B
Net cash-$1.69B
Altman Z-Score1.52 distress
Piotroski F-Score4/8
Capital returns
Buyback yield1.9%
Dividend yield (est.)—
Shareholder yield1.9%
Shares Δ YoY+0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗15-15DFiling2026-06-25open ↗S-8 POSFiling2026-06-25open ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-06-112026-06-11open ↗8-KPeriod ending 2026-05-152026-05-18open ↗SCHEDULE 13G/AFiling2026-05-15open ↗4Period ending 2026-05-122026-05-14open ↗8-KPeriod ending 2026-05-122026-05-14open ↗8-KPeriod ending 2026-05-112026-05-13open ↗10-QPeriod ending 2026-03-312026-04-28open ↗8-KPeriod ending 2026-04-202026-04-21open ↗4Period ending 2026-04-012026-04-03open ↗
Frequently asked
- Is Liberty Broadband Corp (LBRDK) a buy?
- LBRDK currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. A pending merger turns this into a fixed-ratio proxy for Charter; the call is really a bet on CHTR and deal close, not standalone fundamentals.
- What is LBRDK's fair value?
- A Modified-Graham model based on LBRDK's SEC fundamentals estimates a fair value of about $44.19. It is an estimate from reported earnings, not a price target.
- Is LBRDK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, LBRDK currently appears undervalued relative to its SEC-grounded earnings power.
- What is Liberty Broadband Corp's quality score?
- LBRDK scores 43.61037002471547/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001611983, latest 10-Q filed 2026-04-28) · EODHD · Proprietary analysis · as of 6/21/2026, 9:00:16 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.