Logo

UNIT

Uniti Group Inc.

UNIT

Uniti Group Inc. • NASDAQ
$6.37 ▲ 0.95% (+0.06)
Market Cap $1.57 B
52w High $10.48
52w Low $5.30
Dividend Yield 0.60%
P/E 0.9
Volume 619.71K
Outstanding Shares 246.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $722.6M ▲ $0 ▼ $1.573B ▲ 217.755% ▲ $7.27 ▲ $1.474B ▲
Q2-2025 $300.732M ▲ $142.266M ▲ $-10.729M ▼ -3.568% ▼ $-0.075 ▼ $213.552M ▼
Q1-2025 $293.909M ▲ $140.373M ▲ $12.22M ▼ 4.158% ▼ $0.083 ▼ $215.085M ▼
Q4-2024 $293.315M ▲ $138.045M ▼ $21.57M ▲ 7.354% ▲ $0.15 ▲ $221.542M ▲
Q3-2024 $292.247M $140.541M $12.229M 4.184% $0.083 $210.803M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $240.727M ▲ $5.544B ▲ $7.988B ▲ $-2.444B ▼
Q1-2025 $91.956M ▼ $5.292B ▲ $7.73B ▼ $-2.438B ▲
Q4-2024 $155.593M ▲ $5.282B ▲ $7.734B ▲ $-2.452B ▲
Q3-2024 $34.077M ▼ $5.099B ▼ $7.575B ▼ $-2.477B ▲
Q2-2024 $118.763M $5.119B $7.612B $-2.493B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-10.729M ▼ $174.928M ▲ $-37.933M ▲ $31.323M ▼ $168.318M ▲ $136.79M ▲
Q1-2025 $12.22M ▼ $8.567M ▼ $-207.654M ▼ $145.515M ▲ $-53.572M ▼ $-199.493M ▼
Q4-2024 $21.573M ▲ $185.615M ▲ $-25.001M ▲ $-30.155M ▼ $130.459M ▲ $158.543M ▲
Q3-2024 $13.411M ▼ $7.036M ▼ $-64.911M ▲ $-19.934M ▼ $-78.103M ▼ $-57.968M ▼
Q2-2024 $17.555M $168.082M $-94.789M $7.39M $80.749M $73.263M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Leasing Segment
Leasing Segment
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown slowly but steadily over the last five years, which is encouraging for an infrastructure-heavy business. Core profitability at the operating and EBITDA level looks healthy and quite stable, suggesting the network assets themselves are productive and pricing has held up. The weak spot is at the bottom line: net income has swung between profit and loss, with some years showing meaningful losses. This pattern points to heavy non‑cash charges, interest costs, and one‑off items weighing on reported earnings. Overall, the business engine looks sound, but the path to consistently solid net profits has been bumpy and still feels fragile.

Balance Sheet

Balance Sheet The balance sheet is the clearest area of concern. Debt sits above the level of total assets, and book equity has been negative for several years. That combination signals a heavily leveraged structure and a history of accumulated losses or write‑downs. Cash on hand is relatively thin, which increases reliance on ongoing cash generation and capital markets access. In simple terms, the company owns valuable long‑lived fiber assets but is carrying a lot of debt against them, leaving little balance‑sheet cushion if conditions worsen or financing becomes more expensive.

Cash Flow

Cash Flow Cash flow from operations has been positive and fairly resilient, which is a key strength for a network REIT that depends on long‑term contracts. However, the business also requires sizable and recurring capital spending to expand and maintain its fiber footprint. After this investment, free cash flow has hovered around break‑even, occasionally dipping slightly negative or slightly positive. This means the company can generally support itself, but has limited internal room for error or for funding large new initiatives without tapping external capital. The model is cash‑generative but capital‑hungry.

Competitive Edge

Competitive Edge Uniti’s main advantage is its large, hard‑to‑replicate fiber network, much of it in smaller and mid‑sized markets where competition is less intense than in big cities. Long‑term contracts with carriers, enterprises, and now integrated consumer services provide recurring, relatively predictable revenue. The vertical combination with Windstream’s Kinetic brand strengthens its position by tying wholesale infrastructure to last‑mile customer relationships. At the same time, the company still faces competition from other regional and national fiber and cable providers, and must continuously invest to keep its network dense, modern, and attractive to 5G, cloud, and enterprise customers. Its moat is real but not immune to technological change or pricing pressure.

Innovation and R&D

Innovation and R&D Instead of classic lab R&D, Uniti’s innovation is focused on network design, automation, and efficiency. Moving to open networking and white‑box hardware has lowered costs and power use, while a modern core network and automated incident management improve performance and reliability. These operational upgrades help offset some of the burden of a capital‑intensive model. The strategy to support AI‑focused data centers and to accelerate fiber‑to‑the‑home builds via the Windstream merger shows a clear push into high‑growth demand areas. The key question is execution: turning technically sound projects and contracts into durable, high‑margin cash flows while managing integration complexity and capital discipline.

Summary

Uniti combines attractive economic characteristics—a long‑lived fiber network, recurring contract revenue, and a focused presence in less crowded markets—with a stretched financial structure. The operating business appears solid and increasingly well positioned for trends like 5G, cloud, and AI‑driven data traffic. However, high leverage, negative equity, and thin free cash flow leave limited room for missteps. Future performance will hinge on three things: keeping the network technologically ahead while controlling capital spending, successfully integrating and monetizing the Windstream/Kinetic combination, and gradually translating stable operating results into more reliable, less volatile bottom‑line and cash outcomes. The strategic story is promising, but financial risk and execution demands remain elevated.

NEWS

November 25, 2025 · 9:30 AM UTC

Kinetic Surpasses Major Milestone in Broken Arrow: 25,000 Fiber Homes Passed

Read more

November 18, 2025 · 4:15 PM UTC

Uniti Group Inc. to Present at the BofA Securities 2025 Leveraged Finance Conference

Read more

November 11, 2025 · 4:15 PM UTC

Uniti Group Inc. to Present at the Wells Fargo 9th Annual TMT Summit

Read more

November 11, 2025 · 9:30 AM UTC

Uniti Recognized Again by Military Friendly® Program for Its Focus on Hiring Veterans

Read more

November 7, 2025 · 9:30 AM UTC

Kinetic Celebrates 2 Years of Teaching Safe, Smart Streaming Education

Read more