Uniti (UNIT) financial statements
Uniti reported revenue of $2.2B in fiscal 2025, up 39.4% a year over 2 years.
Net income was $1.2B and the operating margin 11.7%, against 32.9% in 2023.
Free cash flow was $328M.
The diluted share count rose 87% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Uniti's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $1.1B | $1.2B | $2.2B |
| Selling, general and admin | $100M | $105M | $352M |
| Operating income | $378M | $587M | $262M |
| Interest expense | $481M | $511M | $603M |
| Pre-tax income | -$153M | $76M | $1.2B |
| Income tax | -$68M | -$18M | -$136M |
| Net income | -$83M | $91M | $1.2B |
| EPS (diluted) | -$0.58 | $0.64 | $4.87 |
| Diluted shares | 142M | 143M | 266M |
| Operating margin | 32.9% | 50.3% | 11.7% |
| Net margin | -7.2% | 7.8% | 55.9% |
Balance sheet
Fiscal years, from Uniti's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $62M | $156M | $54M |
| Inventory | — | $0 | $44M |
| Total current assets | — | $270M | $831M |
| Property, plant and equipment | — | $4.2B | $8.1B |
| Goodwill | — | $157M | $1.2B |
| Total assets | — | $5.3B | $12.0B |
| Total current liabilities | — | $381M | $1.1B |
| Long-term debt | — | $5.8B | $9.5B |
| Total liabilities | — | $7.7B | $11.7B |
| Shareholders' equity | -$2.5B | -$2.5B | $380M |
| Net debt | -$62M | $5.6B | $9.5B |
Cash flow
Fiscal years, from Uniti's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $353M | $367M | $350M |
| Capital spending | $0 | $0 | $22M |
| Free cash flow | $353M | $367M | $328M |
| Stock-based compensation | $12M | $14M | $24M |
| Dividends paid | $107M | $108M | $0 |
| Net borrowing | $356M | $253M | $934M |
| Free cash flow margin | 30.7% | 31.4% | 14.7% |
| Dividends per share | $0.75 | $0.76 | — |
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Open UNIT in InvestinglyQuestions
What was Uniti's revenue in 2025?
$2.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Uniti generate?
$328M in fiscal 2025 (operating cash flow minus capital spending).
From Uniti's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.