Forensic Analysis · Communication Services / Telecom · as of Jun 27, 2026
Liberty Broadband Corp (LBRDA)
A forensic read on Liberty Broadband Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
2.9
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-30.6%
ROE
$4.5B
Market cap
Liberty Broadband Corp earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 2.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.02×Cash conversion.Over FY2022–FY2024, operating cash flow was 0.02× cumulative net income. Reported profit is not turning into cash — a classic earnings-quality warning.
-0%Return on invested capital.Return on invested capital is -0% and steady — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
$39MGoodwill impairments.Took $39M of goodwill writedowns across 1 year(s) (FY2020 ($39M)) — about 3% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin85.5%
Debt / Equity0.31x
Free Cash Flow$-143.0M
Latest Revenue$1.02B
Return on Equity-47.0%
Revenue Growth YoY+3.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Liberty Broadband Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about LBRDA's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown