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On June 20, 2025 Liberty Broadband announced a record date of June 30, 2025 and a distribution date of July 14, 2025 for the spin-off of GCI Liberty. On July 10–11, 2025 Nasdaq confirmed when‑issued trading for GCI Liberty’s Series A and C shares from July 11 through July 14. On July 14, 2025 Liberty Broadband completed the distribution, creating GCI Liberty as an independent, publicly traded company; Liberty and GCI Liberty filed related Form 8‑K disclosures and pro forma financials. GCI Liberty reported second‑quarter 2025 results on August 7, 2025 showing 6% revenue growth to $261 million and improved Adjusted OIBDA.
Technical Analysis
Directional indicators show a strength-biased setup: ADX at 39.15 signals a strong trend strength without direction on its own, while DI+ labeling as a dip & reversal signals a bullish reacceleration and DI- labeling as a peak & reversal signals decreasing negative pressure. Together these DI moves point to improving bullish directional momentum despite DI- still higher than DI+.
MACD sits at -1.78 with the MACD line above the signal (-2.44), and the MACD trend registers as increasing; the cross above the signal line signals a bullish momentum shift even while both values remain negative.
MRO reads 10.45 with a dip & reversal; because MRO sits positive, the price currently sits above its target and shows potential for mean reversion back toward valuation levels.
RSI at 37.52 with a peak & reversal indicates recent downside pressure from a prior high, reinforcing the short-term pullback component while still leaving room before oversold extremes.
Price action: the close at $60.06 sits below the 200‑day average ($75.96) and near the 20‑day average ($60.12); the 12‑day EMA shows a peak & reversal while the price trend reads as dip & reversal below the -2x Bollinger band, signaling a short-lived bounce after a deep intraday dip. Ichimoku markers place the Chikou span below the cloud, aligning with residual bearish longer-term structure. Taken together, technicals point to a short-term bounce inside a larger distribution profile, with mean-reversion risk given valuation and MRO signals.
Fundamental Analysis
Revenue contracted year-over-year by -5.61% and quarter-over-quarter by -2.65%, reflecting modest top-line pressure following structural separation of GCI. Total revenue registers at $261,000,000. Operating margin equals 15.71% while EBIT stands at $454,000,000 and the reported EBIT margin reads 1.73946%; EBIT margin shows a QoQ change of 0.52202 and a YoY change of 0.40297. Operating income on the period registered $41,000,000 and net income reached $383,000,000.
Cash flow and liquidity: operating cash flow totaled $91,000,000 with free cash flow of $37,000,000 and free cash flow yield near 0.36%; cash and short‑term investments at $180,000,000 offset net debt of $2,889,000,000. The cash conversion ratio sits at -1.0875 and the cash flow to earnings multiple equals 1.24282. Current ratio reads 0.60265, below the industry peer mean of 0.77094, while the interest coverage ratio stands at 11.35x versus the peer mean of 1.92532, indicating ample coverage of interest expense despite constrained current liquidity. Debt-to-EBITDA equals 6.20x with total debt of $3,139,000,000.
Market multiples and balance-sheet ratios: price-to-book at 0.99124 sits roughly in line with the industry peer median of 0.9965. Price-to-sales at 39.48 far exceeds the industry peer median of 2.99 and places the company well above the peer range on a sales multiple basis. Forward P/E near 60.55 sits above the peer median of 40.85, while enterprise multiple at 26.21 lies close to the peer median of 26.32. Asset turnover remains minimal at 0.01554, in line with the low end of the peer range, and asset growth is slightly negative at -2.37%.
Profitability and returns: return on equity registers 3.68% and return on assets 2.28%, both positive and showing QoQ and YoY gains; return on invested capital records 3.12% with a volatile QoQ profile. Capital expenditures totaled -$54,000,000 and capex-to-revenue reads -20.69% (reflecting timing and the post‑spin structure). WMDST values the stock as over-valued, driven by stretched sales multiples and a market capitalization that implies premium for remaining Charter exposure relative to underlying operating cash flows.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-06 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 565.0 M |
| Operating Cash Flow | $ 91.0 M | |
| Capital Expenditures | $ -54.00 M | |
| Change In Working Capital | $ 40.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -369.00 M | |
| End Period Cash Flow | $ 196.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 261.0 M | |
| Forward Revenue | $ 36.2 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 52.0 M | |
| Depreciation and Amortization | $ 52.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 220.0 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | $ 506.0 M | |
| EBIT | $ 454.0 M | |
| Operating Income | $ 41.0 M | |
| Interest Income | — | |
| Interest Expense | $ 40.0 M | |
| Net Interest Income | $ -40.00 M | |
| Income Before Tax | $ 414.0 M | |
| Tax Provision | $ 31.0 M | |
| Tax Rate | 7.0 % | |
| Net Income | $ 383.0 M | |
| Net Income From Continuing Operations | $ 383.0 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 1.48 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 16.6 B | |
| Intangible Assets | $ 1.7 B | |
| Net Tangible Assets | $ 8.7 B | |
| Total Current Assets | $ 364.0 M | |
| Cash and Short-Term Investments | $ 180.0 M | |
| Cash | $ 180.0 M | |
| Net Receivables | $ 133.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 227.0 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 396.0 M | |
| Total Current Liabilities | $ 604.0 M | |
| Net Debt | $ 2.9 B | |
| Total Debt | $ 3.1 B | |
| Total Liabilities | $ 6.2 B | |
| EQUITY | ||
| Total Equity | $ 10.4 B | |
| Retained Earnings | $ 7.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 72.53 | |
| Shares Outstanding | 143.489 M | |
| Revenue Per-Share | $ 1.82 | |
| VALUATION | Market Capitalization | $ 10.3 B |
| Enterprise Value | $ 13.3 B | |
| Enterprise Multiple | 26.213 | |
| Enterprise Multiple QoQ | -39.018 % | |
| Enterprise Multiple YoY | 16.187 % | |
| Enterprise Multiple IPRWA | high: 26.525 median: 26.321 LBRDA: 26.213 mean: 7.467 low: -48.67 |
|
| EV/R | 50.82 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.596 | |
| Asset To Liability | 2.685 | |
| Debt To Capital | 0.232 | |
| Debt To Assets | 0.189 | |
| Debt To Assets QoQ | -17.222 % | |
| Debt To Assets YoY | 99468.421 % | |
| Debt To Assets IPRWA | high: 0.715 mean: 0.325 LBRDA: 0.189 low: 0.189 median: 0.189 |
|
| Debt To Equity | 0.302 | |
| Debt To Equity QoQ | -21.856 % | |
| Debt To Equity YoY | 94256.25 % | |
| Debt To Equity IPRWA | high: 13.563 mean: 2.67 LBRDA: 0.302 low: 0.302 median: 0.302 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.991 | |
| Price To Book QoQ | -14.749 % | |
| Price To Book YoY | 13.992 % | |
| Price To Book IPRWA | high: 2.314 mean: 1.073 median: 0.997 LBRDA: 0.991 low: 0.292 |
|
| Price To Earnings (P/E) | — | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | — | |
| Price To Sales (P/S) | 39.482 | |
| Price To Sales QoQ | -10.143 % | |
| Price To Sales YoY | 19.55 % | |
| Price To Sales IPRWA | LBRDA: 39.482 high: 2.99 median: 2.99 mean: 2.283 low: 1.271 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 60.553 | |
| Forward PE/G | — | |
| Forward P/S | 285.143 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -26.25 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.016 | |
| Asset Turnover Ratio QoQ | -1.583 % | |
| Asset Turnover Ratio YoY | 0.129 % | |
| Asset Turnover Ratio IPRWA | high: 0.096 mean: 0.036 LBRDA: 0.016 low: 0.016 median: 0.016 |
|
| Receivables Turnover | 1.7 | |
| Receivables Turnover Ratio QoQ | 17.937 % | |
| Receivables Turnover Ratio YoY | 25.105 % | |
| Receivables Turnover Ratio IPRWA | high: 3.924 mean: 1.883 LBRDA: 1.7 median: 1.7 low: 1.577 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 53.666 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -1.087 | |
| CapEx To Revenue | -0.207 | |
| CapEx To Depreciation | -1.038 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 13.1 B | |
| Net Invested Capital | $ 13.5 B | |
| Invested Capital | $ 13.5 B | |
| Net Tangible Assets | $ 8.7 B | |
| Net Working Capital | $ -240.00 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.298 | |
| Current Ratio | 0.603 | |
| Current Ratio QoQ | -56.673 % | |
| Current Ratio YoY | -64.114 % | |
| Current Ratio IPRWA | high: 1.076 mean: 0.771 LBRDA: 0.603 low: 0.603 median: 0.603 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.204 | |
| Cost Of Debt | 1.054 % | |
| Interest Coverage Ratio | 11.35 | |
| Interest Coverage Ratio QoQ | 49.342 % | |
| Interest Coverage Ratio YoY | 93.508 % | |
| Interest Coverage Ratio IPRWA | LBRDA: 11.35 high: 11.35 median: 11.35 mean: 1.925 low: -20.412 |
|
| Operating Cash Flow Ratio | 0.788 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.365 % | |
| Revenue Growth | -1.88 % | |
| Revenue Growth QoQ | -264.768 % | |
| Revenue Growth YoY | -560.784 % | |
| Revenue Growth IPRWA | high: 8.359 % mean: 0.672 % LBRDA: -1.88 % median: -1.88 % low: -3.867 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 173.946 % | |
| EBIT Margin QoQ | 52.202 % | |
| EBIT Margin YoY | 40.297 % | |
| EBIT Margin IPRWA | LBRDA: 173.946 % high: 173.946 % median: 173.946 % mean: 52.464 % low: -208.289 % |
|
| Return On Sales (ROS) | 15.709 % | |
| Return On Sales QoQ | -86.255 % | |
| Return On Sales YoY | -87.33 % | |
| Return On Sales IPRWA | high: 16.914 % LBRDA: 15.709 % median: 15.709 % mean: 12.765 % low: 1.664 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 37.0 M | |
| Free Cash Flow Yield | 0.359 % | |
| Free Cash Flow Yield QoQ | 223.423 % | |
| Free Cash Flow Yield YoY | -183.295 % | |
| Free Cash Flow Yield IPRWA | LBRDA: 0.359 % high: 0.357 % median: 0.357 % mean: -0.815 % low: -4.483 % |
|
| Free Cash Growth | 184.615 % | |
| Free Cash Growth QoQ | -253.036 % | |
| Free Cash Growth YoY | -36.095 % | |
| Free Cash Growth IPRWA | LBRDA: 184.615 % high: 184.615 % median: 184.615 % mean: 103.684 % low: -102.635 % |
|
| Free Cash To Net Income | 0.097 | |
| Cash Flow Margin | 182.375 % | |
| Cash Flow To Earnings | 1.243 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.281 % | |
| Return On Assets QoQ | 43.369 % | |
| Return On Assets YoY | 85.447 % | |
| Return On Assets IPRWA | LBRDA: 2.281 % high: 2.281 % median: 2.281 % mean: -1.52 % low: -10.512 % |
|
| Return On Capital Employed (ROCE) | 2.839 % | |
| Return On Equity (ROE) | 0.037 | |
| Return On Equity QoQ | 38.185 % | |
| Return On Equity YoY | 76.521 % | |
| Return On Equity IPRWA | LBRDA: 0.037 high: 0.037 median: 0.037 mean: -0.139 low: -0.696 |
|
| DuPont ROE | 3.746 % | |
| Return On Invested Capital (ROIC) | 3.119 % | |
| Return On Invested Capital QoQ | 137.006 % | |
| Return On Invested Capital YoY | -100.93 % | |
| Return On Invested Capital IPRWA | LBRDA: 3.119 % high: 3.119 % median: 3.119 % mean: -0.578 % low: -8.699 % |
|