Company Analysis

Liberty Broadband Corporation (LBRDA)

LBRDA · Cable & Other Pay Television Services · Englewood, CO · filing with the SEC since 2014
Grade5.3
◀ Past 5.2● Present 5.3▶ Future 5.2
2 est.

The grade of Liberty Broadband Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past5.225% of the headline
● Present5.335% of the headline
▶ Future5.240% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.8/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2026-08-21.

weight 22% of this tense · 28th percentile among 18 sector filers · read for itself

From the record

Liberty Broadband Corporation's filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2026-08-21) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+86.2% a year over 8 filed years; profitable in 8 of 8.

weight 45% of this tense · 66th percentile among 16 sector filers · read for its customers

From the record

Liberty Broadband Corporation's 8 filed years say what it did: revenue went from $13 million in fiscal 2017 to $1.0 billion in fiscal 2024, up 86.2% a year; it rose in 5 of 7 years; the deepest fall was 33% from fiscal 2018 to fiscal 2019; net income was positive in 8 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span86.2%top 12% of its family
  • the share of years revenue rosetop 31% of its family
  • the share of filed years with a profittop 16% of its family
  • the deepest fall from a revenue peak32.6%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.0/10

How has it treated the people who own it?

SI estimate 5.0/10, confidence 35 of 100 (one part).

weight 33% of this tense · 50th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 50% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Liberty Broadband Corporation's shareholder treatment is put at 5.0 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 50% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.3/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.3/10

Is it financially healthy right now?

ROE -47%: lost 47¢ per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 63rd percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Liberty Broadband Corporation lost about 47 cents for every dollar of shareholders' money. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 31% of its family
  • the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.4/10

How strong is its position in its industry?

top 46% of 18 in its family; net margin 85.5%.

weight 33% of this tense · 54th percentile among 18 sector filers · read for its customers

From the record

Liberty Broadband Corporation's standing among 18 graded names in its industry family: revenue of $1.0 billion in fiscal 2024 ranks in the bottom 18% by size; a net margin of 85.5% ranks in the top 11%; revenue growth of 0.9% a year over the last 3 filed years ranks in the top 44% (its annual reports).

What it rests on

  • revenue against the family$1.02Bbottom 18% of its family
  • net margin85.5%top 11% of its family
  • three-year revenue growth0.9%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.1/10

What are the people in charge doing?

bottom 31% of 14 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 31st percentile among 14 sector filers · read for its shareholders

From the record

Liberty Broadband Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Patterson, Martin Edward (President and CEO, as filed), filing under that title since 2025-07-14, 1.3 years (bottom 29% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 7.2 years (bottom 33%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 10 peoplebottom 31% of its family
  • the median years the people in charge have filed7.2 yearsbottom 33% of its family
  • the chief executive's years on the record1.3 yearsbottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
7.2/10

How much room does it have to grow?

SI estimate 7.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 72nd percentile among 18 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 28% of 18 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Liberty Broadband Corporation's room to expand is put at 7.2 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 28% of 18 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
4.5/10

What could actually drive growth from here?

bottom 45% of 16 in its family for growth drivers.

weight 45% of this tense · 45th percentile among 16 sector filers · read for its customers

From the record

Liberty Broadband Corporation's growth drivers, from the filed years to fiscal 2024: revenue grew 0.9% a year over the last three filed years against 86.2% over all 8, slowing (bottom 13% of its family); the newest year grew 3.6% (top 44%); research spending grew -29.5% a year (bottom 17%); capital spending grew 22.6% a year (top 7%) (its annual reports). Liberty Broadband Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-85.3 points a yearbottom 13% of its family
  • the newest year's revenue growth3.6%top 44% of its family
  • three-year growth of research spending-29.5%bottom 17% of its family
  • three-year growth of capital spending22.6%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.0/10

Did its newest year beat what its own record pointed to?

top 50% of 16 in its family for expectations against reality.

weight 33% of this tense · 50th percentile among 16 sector filers · read for its shareholders

From the record

Liberty Broadband Corporation's newest year against its own record: revenue of $1.0 billion in fiscal 2024 came in 3.9% above the $978 million its prior three years' pace pointed to (top 37% of its family); net income of $869 million against a prior three-year average of $892 million (bottom 44%); a net margin of 85.5% against 91% before (bottom 44%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.9%top 37% of its family
  • net income against the prior three years' average-3%bottom 44% of its family
  • net margin against its prior average-5.5 pointsbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LBRDA · research, not advice