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GLIBA

GCI Liberty, Inc.

GLIBA

GCI Liberty, Inc. • NASDAQ
$33.34 ▼ -1.54% (-0.52)
Market Cap $956.78 M
52w High $38.98
52w Low $28.00
Dividend Yield 0%
P/E -3.33
Volume 46.88K
Outstanding Shares 28.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $257M ▲ $614M ▲ $-387M ▼ -150.584% ▼ $-21.15 ▼ $-432M ▼
Q2-2025 $238M ▼ $59M ▼ $27M ▼ 11.345% ▼ $0.94 ▼ $105M ▼
Q1-2025 $242M ▲ $122M ▲ $35M ▲ 14.463% ▲ $1.22 ▲ $112M ▲
Q2-2024 $226M $62M ▼ $13M ▼ 5.752% ▼ $0.45 ▼ $84M ▼
Q1-2024 $226M $121M $20M 8.85% $0.7 $88M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $124M ▲ $3.011B ▼ $1.621B ▼ $1.372B ▼
Q2-2025 $104M ▼ $3.354B ▼ $1.859B ▼ $1.477B ▲
Q1-2025 $148M ▼ $3.432B ▼ $1.967B ▼ $1.45B ▼
Q3-2020 $552.604M ▲ $13.36B ▲ $6.327B ▲ $7.024B ▲
Q2-2020 $551.595M $11.933B $5.723B $6.202B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-387M ▼ $76M ▼ $-52M ▼ $-4M ▲ $20M ▲ $21M ▼
Q2-2025 $27M ▼ $107M ▼ $-48M ▼ $-91M ▼ $-32M ▼ $53M ▼
Q1-2025 $35M ▲ $119M ▲ $-46M ▲ $1M ▲ $74M ▲ $54M ▲
Q2-2024 $13M ▼ $75M ▼ $-58M ▼ $-40M ▲ $-23M ▼ $13M ▼
Q1-2024 $20M $87M $-46M $-62M $-21M $26M

Revenue by Products

Product Q2-2020Q3-2020Q2-2025Q3-2025
Data
Data
 $0 ▲$0 ▲$120.00M ▲$120.00M ▲
Other Revenue
Other Revenue
 $0 ▲$0 ▲$10.00M ▲$0 ▼
Wireless
Wireless
 $0 ▲$0 ▲$40.00M ▲$40.00M ▲
Corporate And Other
Corporate And Other
 $0 ▲$0 ▲$0 ▲$0 ▲
G C I Holdings
G C I Holdings
 $220.00M ▲$240.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been edging higher, and profit quality looks solid. Gross profit remains strong, suggesting the core services are priced well relative to their costs. Operating income has improved, which points to better cost control or operating efficiency. Net income has grown faster than revenue, indicating some margin expansion rather than just top‑line growth. EBITDA is steady, which hints that underlying cash-style earnings are stable even as reported profit improves. Overall, the income statement shows a business that is gradually getting more profitable, not just bigger.

Balance Sheet

Balance Sheet The asset base is stable and sizeable for a regional telecom, reflecting the heavy infrastructure required to operate in Alaska. Cash on hand is relatively modest, which is common for asset‑intensive utilities and telecom operators that lean on recurring cash flow rather than large cash balances. Debt has ticked up slightly while equity has slipped a bit, signaling a small shift toward more leverage but not an extreme one. The balance sheet looks reasonably balanced, though not especially liquid, and it depends on continued steady operations to remain comfortable.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations is steady and broadly in line with earnings, which supports the quality of reported profits. However, capital spending is high, absorbing most of that operating cash and leaving only a thin layer of free cash flow. This pattern fits a company in investment mode, pouring money into network upgrades and expansion. The trade‑off is clear: near‑term cash tightness in exchange for potentially stronger infrastructure and future growth. Any unexpected drop in operating cash could feel uncomfortable because there isn’t a large buffer after investment spending.

Competitive Edge

Competitive Edge GCI Liberty, through GCI in Alaska, occupies a dominant, almost utility‑like position in a geographically unique market. Decades of investment have created a dense, hard‑to‑replicate network of fiber, microwave, and satellite connections across one of the toughest terrains in the world. Its deep local knowledge, relationships with native corporations, and reputation as the state’s connectivity leader reinforce that moat. At the same time, competition is not standing still: Alaska Communications and especially satellite providers like Starlink are credible alternatives in some segments and regions. The company’s edge rests on having the most complete, robust network and a strong local brand, but it must keep investing to prevent erosion from newer technologies and rivals.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. The company is aggressively extending fiber further into remote communities, including large subsea and rural fiber projects that can materially change connectivity in those areas. It has rolled out one of the northernmost 5G networks and is planning further densification and next‑generation upgrades like DOCSIS 4.0 to push multi‑gigabit speeds. Partnerships with satellite providers, including low‑orbit constellations, add another dimension, allowing GCI to blend fiber and satellite for hard‑to‑serve locations. On the product side, bundled internet‑plus‑mobile plans, streaming TV offerings, and tailored enterprise solutions show a willingness to adapt to changing customer behavior. The main risks are execution, cost overruns, and the pace of technological change, but the company is clearly positioning itself at the front of the curve for its niche.

Summary

Overall, GLIBA (through GCI under Liberty Broadband) looks like a focused, infrastructure‑heavy telecom with a strong niche in Alaska. Financially, it shows improving profitability on a relatively stable base, but with free cash flow constrained by heavy ongoing investment. The balance sheet leans on predictable cash flows rather than large cash reserves, and modestly rising leverage is something to keep an eye on if investment demands stay high. Strategically, its entrenched network, local expertise, and first‑mover advantage in fiber and 5G give it a strong competitive position, though emerging satellite competition and constant technology upgrades are persistent challenges. The story is essentially about trading short‑term cash comfort for long‑term network strength in a unique, difficult‑to-enter market.

NEWS

November 24, 2025 · 8:30 PM UTC

GCI Liberty Announces Terms for Previously Announced Rights Offering

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November 13, 2025 · 8:15 AM UTC

GCI Liberty to Participate in Q&A Session During Liberty Media Annual Investor Meeting

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November 5, 2025 · 8:15 AM UTC

GCI Liberty Reports Third Quarter 2025 Financial Results

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November 5, 2025 · 8:10 AM UTC

GCI Liberty Announces $300 Million Rights Offering for Series C GCI Group Common Stock

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October 13, 2025 · 8:00 AM UTC

GCI Liberty, Inc. Announces Third Quarter Earnings Release and Conference Call

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