Uniti Group Inc. UNIT
Uniti Group Inc. (herein referred to as the "Company," "Uniti," "we," "us," or "our") was incorporated in the State of Delaware on April 19, 2024, under the name "Windstream Parent, Inc" and as a subsidiary of New Windstream, LLC ("Windstream") (as successor to Windstream Holdings II, LLC) in connection with the Merger (as defined below).
Uniti is a premier digital infrastructure company with approximately 240,000 fiber route miles across 47 states. The Company serves more than 1.0 million customers, including more than 500,000 residential fiber customers, with a network that includes approximately 1.9 million fiber-equipped households predominately situated in the Midwest and Southeast United States of America ("U.S."). The Company offers a full suite of advanced communications services, including fiber-based broadband to residential and business customers, managed cloud communications and security services for large enterprises and government entities across the U.S., and tailored waves and transport solutions for carriers, content providers and large cloud computing and storage service providers in the U.S. and Canada. For the year ended December 31, 2025, the Company had total revenues and sales of $2,234.5 million and net income of $1,304.7 million.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.23B | $1.17B | $1.15B | — | — |
| SG&A | $351.5M | $105.0M | $100.5M | — | — |
| Total operating expenses | $1.97B | $579.9M | $771.9M | — | — |
| Operating income | $262.0M | $587.0M | $377.9M | — | — |
| Interest expense | $602.8M | $511.4M | $481.2M | — | — |
| Pre-tax income | $1.17B | $75.9M | -$152.9M | — | — |
| Income tax | $136.5M | $17.5M | $68.5M | — | — |
| Net income | $1.30B | $93.4M | -$81.7M | -$8.1M | $124.7M |
| EPS, basic | 6.61 | 0.64 | -0.58 | — | — |
| EPS, diluted | 4.87 | 0.64 | -0.58 | — | — |
| Shares, diluted (wtd. avg.) | 266.5M | 143.1M | 142.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $53.5M | $155.6M | $62.3M | $43.8M | — |
| Inventory | $44.0M | $0 | — | — | — |
| Total current assets | $831.0M | $269.6M | — | — | — |
| Goodwill | $1.16B | $157.4M | — | — | — |
| Other intangibles | $1.29B | $275.4M | — | — | — |
| Total assets | $12.04B | $5.28B | — | — | — |
| Accounts payable | $171.5M | $13.6M | — | — | — |
| Short-term debt | $10.0M | $0 | — | — | — |
| Total current liabilities | $1.12B | $380.7M | — | — | — |
| Long-term debt | $9.53B | $5.78B | — | — | — |
| Total liabilities | $11.66B | $7.73B | — | — | — |
| Total equity | $380.3M | -$2.45B | -$2.48B | -$2.27B | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $350.2M | $366.6M | $353.2M | — | — |
| Depreciation and amortisation | $522.8M | $285.2M | $280.8M | — | — |
| Stock-based compensation | $23.5M | $13.5M | $12.5M | — | — |
| Investing cash flow | -$1.01B | -$272.2M | -$411.3M | — | — |
| Financing cash flow | $611.8M | $27.1M | $76.6M | — | — |
| Dividends paid | $0 | $108.5M | $107.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045735.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $1.15B | $1.17B | $2.23B |
| Gross profit | — | — | — | — | — |
| Net income | $124.7M | -$8.1M | -$81.7M | $93.4M | $1.30B |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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