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Side-by-side financial comparison of InnovAge Holding Corp. (INNV) and Liberty Broadband Corp (LBRDA). Click either name above to swap in a different company.

Liberty Broadband Corp is the larger business by last-quarter revenue ($261.0M vs $239.7M, roughly 1.1× InnovAge Holding Corp.). Liberty Broadband Corp runs the higher net margin — 146.7% vs 4.4%, a 142.3% gap on every dollar of revenue. On growth, InnovAge Holding Corp. posted the faster year-over-year revenue change (14.7% vs 6.1%). Liberty Broadband Corp produced more free cash flow last quarter ($37.0M vs $19.0M). Over the past eight quarters, InnovAge Holding Corp.'s revenue compounded faster (11.4% CAGR vs 4.3%).

InnovAge Holding Corp is a leading U.S. senior care provider, primarily operating the Program of All-Inclusive Care for the Elderly (PACE). It offers integrated medical care, social support, and daily living assistance to help eligible older adults stay in their homes instead of nursing facilities, serving users across multiple U.S. states.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

INNV vs LBRDA — Head-to-Head

Bigger by revenue
LBRDA
LBRDA
1.1× larger
LBRDA
$261.0M
$239.7M
INNV
Growing faster (revenue YoY)
INNV
INNV
+8.6% gap
INNV
14.7%
6.1%
LBRDA
Higher net margin
LBRDA
LBRDA
142.3% more per $
LBRDA
146.7%
4.4%
INNV
More free cash flow
LBRDA
LBRDA
$18.0M more FCF
LBRDA
$37.0M
$19.0M
INNV
Faster 2-yr revenue CAGR
INNV
INNV
Annualised
INNV
11.4%
4.3%
LBRDA

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
INNV
INNV
LBRDA
LBRDA
Revenue
$239.7M
$261.0M
Net Profit
$10.6M
$383.0M
Gross Margin
22.0%
Operating Margin
5.5%
15.7%
Net Margin
4.4%
146.7%
Revenue YoY
14.7%
6.1%
Net Profit YoY
180.3%
96.4%
EPS (diluted)
$0.08
$2.68

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INNV
INNV
LBRDA
LBRDA
Q4 25
$239.7M
Q3 25
$236.1M
Q2 25
$221.4M
$261.0M
Q1 25
$218.1M
$266.0M
Q4 24
$209.0M
$263.0M
Q3 24
$205.1M
$262.0M
Q2 24
$199.4M
$246.0M
Q1 24
$193.1M
$245.0M
Net Profit
INNV
INNV
LBRDA
LBRDA
Q4 25
$10.6M
Q3 25
$8.0M
Q2 25
$-785.0K
$383.0M
Q1 25
$-11.4M
$268.0M
Q4 24
$-13.2M
$291.0M
Q3 24
$-4.9M
$142.0M
Q2 24
$-1.7M
$195.0M
Q1 24
$-5.9M
$241.0M
Gross Margin
INNV
INNV
LBRDA
LBRDA
Q4 25
22.0%
Q3 25
21.8%
Q2 25
18.6%
Q1 25
18.7%
Q4 24
17.7%
Q3 24
16.8%
Q2 24
18.3%
Q1 24
17.6%
Operating Margin
INNV
INNV
LBRDA
LBRDA
Q4 25
5.5%
Q3 25
3.5%
Q2 25
-1.0%
15.7%
Q1 25
-4.7%
16.2%
Q4 24
-6.0%
4.9%
Q3 24
-2.4%
11.5%
Q2 24
-2.4%
8.5%
Q1 24
-3.0%
11.4%
Net Margin
INNV
INNV
LBRDA
LBRDA
Q4 25
4.4%
Q3 25
3.4%
Q2 25
-0.4%
146.7%
Q1 25
-5.2%
100.8%
Q4 24
-6.3%
110.6%
Q3 24
-2.4%
54.2%
Q2 24
-0.9%
79.3%
Q1 24
-3.0%
98.4%
EPS (diluted)
INNV
INNV
LBRDA
LBRDA
Q4 25
$0.08
Q3 25
$0.06
Q2 25
$0.00
$2.68
Q1 25
$-0.08
$1.87
Q4 24
$-0.10
$2.04
Q3 24
$-0.04
$0.99
Q2 24
$-0.01
$1.36
Q1 24
$-0.04
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INNV
INNV
LBRDA
LBRDA
Cash + ST InvestmentsLiquidity on hand
$126.0M
$180.0M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$256.8M
$10.4B
Total Assets
$527.5M
$16.6B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INNV
INNV
LBRDA
LBRDA
Q4 25
$126.0M
Q3 25
$109.4M
Q2 25
$105.9M
$180.0M
Q1 25
$101.7M
$226.0M
Q4 24
$86.9M
$163.0M
Q3 24
$85.7M
$168.0M
Q2 24
$102.8M
$73.0M
Q1 24
$99.3M
$108.0M
Total Debt
INNV
INNV
LBRDA
LBRDA
Q4 25
Q3 25
Q2 25
$60.0M
$3.1B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$66.0M
$3.6B
Q1 24
$3.6B
Stockholders' Equity
INNV
INNV
LBRDA
LBRDA
Q4 25
$256.8M
Q3 25
$245.0M
Q2 25
$235.0M
$10.4B
Q1 25
$238.0M
$10.1B
Q4 24
$248.5M
$9.8B
Q3 24
$260.9M
$9.5B
Q2 24
$269.3M
$9.3B
Q1 24
$281.1M
$9.1B
Total Assets
INNV
INNV
LBRDA
LBRDA
Q4 25
$527.5M
Q3 25
$510.2M
Q2 25
$526.9M
$16.6B
Q1 25
$536.6M
$17.0B
Q4 24
$524.8M
$16.7B
Q3 24
$527.7M
$16.3B
Q2 24
$547.7M
$16.0B
Q1 24
$527.4M
$15.7B
Debt / Equity
INNV
INNV
LBRDA
LBRDA
Q4 25
Q3 25
Q2 25
0.26×
0.30×
Q1 25
0.38×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.25×
0.39×
Q1 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INNV
INNV
LBRDA
LBRDA
Operating Cash FlowLast quarter
$21.4M
$91.0M
Free Cash FlowOCF − Capex
$19.0M
$37.0M
FCF MarginFCF / Revenue
7.9%
14.2%
Capex IntensityCapex / Revenue
1.0%
20.7%
Cash ConversionOCF / Net Profit
2.01×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$49.4M
$-49.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INNV
INNV
LBRDA
LBRDA
Q4 25
$21.4M
Q3 25
$3.9M
Q2 25
$9.0M
$91.0M
Q1 25
$24.6M
$78.0M
Q4 24
$6.8M
$1.0M
Q3 24
$-7.5M
$24.0M
Q2 24
$1.9M
$27.0M
Q1 24
$3.5M
$52.0M
Free Cash Flow
INNV
INNV
LBRDA
LBRDA
Q4 25
$19.0M
Q3 25
$-153.0K
Q2 25
$8.8M
$37.0M
Q1 25
$21.7M
$13.0M
Q4 24
$5.4M
$-63.0M
Q3 24
$-9.7M
$-36.0M
Q2 24
$-1.4M
$-35.0M
Q1 24
$3.1M
$-9.0M
FCF Margin
INNV
INNV
LBRDA
LBRDA
Q4 25
7.9%
Q3 25
-0.1%
Q2 25
4.0%
14.2%
Q1 25
10.0%
4.9%
Q4 24
2.6%
-24.0%
Q3 24
-4.7%
-13.7%
Q2 24
-0.7%
-14.2%
Q1 24
1.6%
-3.7%
Capex Intensity
INNV
INNV
LBRDA
LBRDA
Q4 25
1.0%
Q3 25
1.7%
Q2 25
0.1%
20.7%
Q1 25
1.3%
24.4%
Q4 24
0.6%
24.3%
Q3 24
1.1%
22.9%
Q2 24
1.7%
25.2%
Q1 24
0.2%
24.9%
Cash Conversion
INNV
INNV
LBRDA
LBRDA
Q4 25
2.01×
Q3 25
0.49×
Q2 25
0.24×
Q1 25
0.29×
Q4 24
0.00×
Q3 24
0.17×
Q2 24
0.14×
Q1 24
0.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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