LILAV
LILAV
Liberty Latin America Ltd Class A Common Stock Ex-Distribution When IssuedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $1.08B ▼ | $477.6M ▲ | $-22.7M ▲ | -2.1% ▲ | $-0.11 ▲ | $391.8M ▼ |
| Q4-2025 | $1.16B ▲ | $459.3M ▲ | $-54.8M ▼ | -4.73% ▼ | $-0.27 ▼ | $437.2M ▲ |
| Q3-2025 | $1.11B ▲ | $446.3M ▼ | $3.3M ▲ | 0.3% ▲ | $0.02 ▲ | $389.7M ▲ |
| Q2-2025 | $1.09B ▲ | $453M ▼ | $-423.3M ▼ | -38.95% ▼ | $-2.12 ▼ | $-187.9M ▼ |
| Q1-2025 | $1.08B | $483.3M | $-136.4M | -12.59% | $-0.69 | $269.5M |
What's going well?
The company managed to shrink its net loss from $54.8 million to $22.7 million. Gross margins improved, showing better control over product costs. Operating expenses are being managed, and share dilution is minimal.
What's concerning?
Revenue is falling and operating margins are shrinking. Heavy interest expense and large 'other' costs are wiping out profits, and the company is still losing money overall.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $681.4M ▼ | $12.16B ▼ | $11.15B ▼ | $540.6M ▼ |
| Q4-2025 | $783.9M ▲ | $12.23B ▲ | $11.16B ▲ | $555.6M ▼ |
| Q3-2025 | $596.7M ▲ | $12.05B ▲ | $10.89B ▲ | $628.9M ▲ |
| Q2-2025 | $514.4M ▼ | $11.95B ▼ | $10.83B ▼ | $608.4M ▼ |
| Q1-2025 | $575.5M | $12.6B | $11.07B | $1.02B |
What's financially strong about this company?
They have enough current assets to cover near-term bills, and a large investment in property and equipment. No inventory means less risk of unsold goods.
What are the financial risks or weaknesses?
Debt is extremely high compared to equity, cash is falling, and lease obligations just jumped massively. Most assets are not liquid, and past losses are large.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-22.7M ▲ | $42.2M ▼ | $-108.3M ▲ | $-39.1M ▲ | $-102.5M ▼ | $-57.1M ▼ |
| Q4-2025 | $-54.8M ▼ | $477.25M ▲ | $-232.03M ▼ | $-51.84M ▼ | $187.2M ▲ | $325.52M ▲ |
| Q3-2025 | $3.3M ▲ | $175.82M ▲ | $-167.09M ▼ | $85.2M ▲ | $82.3M ▲ | $56.64M ▲ |
| Q2-2025 | $-423.3M ▼ | $142.62M ▲ | $-154.27M ▼ | $-35.63M ▼ | $-61.1M ▲ | $1.3M ▲ |
| Q1-2025 | $-136.4M | $24.6M | $-124.1M | $32.5M | $-78.8M | $-72.1M |
What's strong about this company's cash flow?
The company still has over $680 million in cash and was able to generate positive operating cash flow, even if much lower than before. CapEx was reduced, which may help conserve cash going forward.
What are the cash flow concerns?
Operating cash flow and free cash flow both collapsed this quarter, and the company had to borrow to help cover the gap. Working capital swung from a big help to a big drain, and continued cash burn could eat into the cash cushion quickly.
5-Year Trend Analysis
A comprehensive look at Liberty Latin America Ltd Class A Common Stock Ex-Distribution When Issued's financial evolution and strategic trajectory over the past five years.
Liberty Latin America benefits from a substantial revenue base, strong gross margins, and robust cash generation from operations. It owns and operates critical network infrastructure—subsea cables, fiber networks, and mobile assets—across numerous countries, supporting a convergence strategy that can deepen customer relationships. On the cash side, it still produces positive free cash flow after significant capital spending, and its innovation agenda in fiber, 5G, and digital platforms positions it well for the region’s growing demand for connectivity and data services.
The most prominent risks are financial and structural. The company carries a heavy debt load, leading to high interest costs and thin equity, and it has accumulated historical losses. Overhead expenses are high, so a large portion of gross profit is not flowing through to the bottom line. It operates in competitive, regulated, and sometimes politically and economically volatile markets, where pricing power and returns on investment can be pressured. Liquidity is adequate but not abundant, leaving limited room for prolonged setbacks or major external shocks.
The outlook is mixed but not static. On one hand, the region’s long‑term demand for faster broadband, mobile data, and digital services supports the strategic rationale for Liberty Latin America’s network and innovation investments. On the other hand, realizing that potential will require tighter cost control, ongoing discipline in capital allocation, and gradual improvement in the balance sheet to ease the interest burden. Future performance will likely be driven less by headline revenue growth alone and more by the company’s ability to convert its infrastructure and innovation spending into sustainable profits and a more resilient capital structure.
About Liberty Latin America Ltd Class A Common Stock Ex-Distribution When Issued
http://www.lla.comLiberty Latin America Ltd. operates as a holding company, providing a diverse array of fixed, mobile, and subsea telecommunications offerings. Its operations are structured across several key segments, including C and W Caribbean, C and W Panama, Liberty Networks, Liberty Puerto Rico, Liberty Costa Rica, and VTR. Established in 1999, the company maintains its principal office in Denver, Colorado.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $1.08B ▼ | $477.6M ▲ | $-22.7M ▲ | -2.1% ▲ | $-0.11 ▲ | $391.8M ▼ |
| Q4-2025 | $1.16B ▲ | $459.3M ▲ | $-54.8M ▼ | -4.73% ▼ | $-0.27 ▼ | $437.2M ▲ |
| Q3-2025 | $1.11B ▲ | $446.3M ▼ | $3.3M ▲ | 0.3% ▲ | $0.02 ▲ | $389.7M ▲ |
| Q2-2025 | $1.09B ▲ | $453M ▼ | $-423.3M ▼ | -38.95% ▼ | $-2.12 ▼ | $-187.9M ▼ |
| Q1-2025 | $1.08B | $483.3M | $-136.4M | -12.59% | $-0.69 | $269.5M |
What's going well?
The company managed to shrink its net loss from $54.8 million to $22.7 million. Gross margins improved, showing better control over product costs. Operating expenses are being managed, and share dilution is minimal.
What's concerning?
Revenue is falling and operating margins are shrinking. Heavy interest expense and large 'other' costs are wiping out profits, and the company is still losing money overall.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $681.4M ▼ | $12.16B ▼ | $11.15B ▼ | $540.6M ▼ |
| Q4-2025 | $783.9M ▲ | $12.23B ▲ | $11.16B ▲ | $555.6M ▼ |
| Q3-2025 | $596.7M ▲ | $12.05B ▲ | $10.89B ▲ | $628.9M ▲ |
| Q2-2025 | $514.4M ▼ | $11.95B ▼ | $10.83B ▼ | $608.4M ▼ |
| Q1-2025 | $575.5M | $12.6B | $11.07B | $1.02B |
What's financially strong about this company?
They have enough current assets to cover near-term bills, and a large investment in property and equipment. No inventory means less risk of unsold goods.
What are the financial risks or weaknesses?
Debt is extremely high compared to equity, cash is falling, and lease obligations just jumped massively. Most assets are not liquid, and past losses are large.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-22.7M ▲ | $42.2M ▼ | $-108.3M ▲ | $-39.1M ▲ | $-102.5M ▼ | $-57.1M ▼ |
| Q4-2025 | $-54.8M ▼ | $477.25M ▲ | $-232.03M ▼ | $-51.84M ▼ | $187.2M ▲ | $325.52M ▲ |
| Q3-2025 | $3.3M ▲ | $175.82M ▲ | $-167.09M ▼ | $85.2M ▲ | $82.3M ▲ | $56.64M ▲ |
| Q2-2025 | $-423.3M ▼ | $142.62M ▲ | $-154.27M ▼ | $-35.63M ▼ | $-61.1M ▲ | $1.3M ▲ |
| Q1-2025 | $-136.4M | $24.6M | $-124.1M | $32.5M | $-78.8M | $-72.1M |
What's strong about this company's cash flow?
The company still has over $680 million in cash and was able to generate positive operating cash flow, even if much lower than before. CapEx was reduced, which may help conserve cash going forward.
What are the cash flow concerns?
Operating cash flow and free cash flow both collapsed this quarter, and the company had to borrow to help cover the gap. Working capital swung from a big help to a big drain, and continued cash burn could eat into the cash cushion quickly.
5-Year Trend Analysis
A comprehensive look at Liberty Latin America Ltd Class A Common Stock Ex-Distribution When Issued's financial evolution and strategic trajectory over the past five years.
Liberty Latin America benefits from a substantial revenue base, strong gross margins, and robust cash generation from operations. It owns and operates critical network infrastructure—subsea cables, fiber networks, and mobile assets—across numerous countries, supporting a convergence strategy that can deepen customer relationships. On the cash side, it still produces positive free cash flow after significant capital spending, and its innovation agenda in fiber, 5G, and digital platforms positions it well for the region’s growing demand for connectivity and data services.
The most prominent risks are financial and structural. The company carries a heavy debt load, leading to high interest costs and thin equity, and it has accumulated historical losses. Overhead expenses are high, so a large portion of gross profit is not flowing through to the bottom line. It operates in competitive, regulated, and sometimes politically and economically volatile markets, where pricing power and returns on investment can be pressured. Liquidity is adequate but not abundant, leaving limited room for prolonged setbacks or major external shocks.
The outlook is mixed but not static. On one hand, the region’s long‑term demand for faster broadband, mobile data, and digital services supports the strategic rationale for Liberty Latin America’s network and innovation investments. On the other hand, realizing that potential will require tighter cost control, ongoing discipline in capital allocation, and gradual improvement in the balance sheet to ease the interest burden. Future performance will likely be driven less by headline revenue growth alone and more by the company’s ability to convert its infrastructure and innovation spending into sustainable profits and a more resilient capital structure.

CEO
Balan Nair
Compensation Summary
(Year )
Upcoming Earnings

