Optimum Communications, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Optimum Communications, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Revenue	6,017	9,327	9,567	9,761	9,895	10,091	9,648	9,237	8,954	8,590
Cost of revenue		3,036	3,173	3,301	3,340	3,382	3,206	3,030	2,897	2,637
Gross profit		6,291	6,394	6,460	6,554	6,709	6,442	6,207	6,058	5,953
Research and development							22.3	33.4
Operating income	463	841	1,682	1,824	2,115	2,525	1,803	1,702	1,680	-113
Interest expense	1,457	1,603	1,556	1,537	1,353	1,267
Interest income	13.8	1.92	10.9	5.71	2.19	0.16
Other non-operating income	-1,554	-2,209	-1,700	-1,637	-1,532	-1,219	-1,286	-1,583	-1,762	-1,817
Pre-tax income	-1,091	-1,368	-18.1	187	583	1,306	517	119	-82.3	-1,930
Income tax	-260	-2,862	-38.7	47.2	140	295	296	39.5	-4.07	-96.9
Net income to minority interests	0.55	1.59	1.76	1	7.3	20.6	26.3	25.8	24.6	36
Net income	-832	1,493	18.8	139	436	990	195	53.2	-103	-1,869
EBITDA	2,163	3,772	4,065	4,087	4,199	4,312	3,576	3,346	3,322	1,584
EPS, basic	-1.28	2.15	0.03	0.21	0.75	2.16	0.43	0.12	-0.22	-4.00
EPS, diluted	-1.28	2.15	0.03	0.21	0.75	2.14	0.43	0.12	-0.22	-4.00
Shares, basic (weighted)	650	696	730	660	581	458	453	455	460	468
Shares, diluted (weighted)	650	696	730	663	584	462	453	455	460	468
Dividend per share	0.69	1.29	2.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	487	330	299	702	278	196	305	302	257	1,012
Receivables	350	371	448	457	443	407	366	358	332	336
Other current assets	88.2	574	136	215	255	184	131	175	142	189
Total current assets	1,705	904	903	1,381	977	790	2,568	835	731	1,645
Property, plant and equipment	6,598	6,024	5,829	5,753	5,806	6,340	7,501	8,118	8,415	8,351
Lease right-of-use assets			0	280	241	222	251	256	248	244
Goodwill	7,993	8,020	8,012	8,142	8,161	8,206	8,209	8,045	8,041	8,041
Intangible assets	6,353	5,066	4,193	3,481	2,781	2,202	1,660	1,259	961	702
Other non-current assets	48.5	57.9	84.4	92.6	92.2	76.7	260	195	94.4	120
Total assets	36,474	34,812	33,614	34,108	33,377	33,215	33,665	31,924	31,701	30,704
Accounts payable	706	795	858	800	796	1,023	1,214	937	971	817
Accrued liabilities	233	148	140	111	142	125	139	182	192	206
Deferred revenue	94.8	111	140	125	110	94.9	80.6	85	74.2	147
Short-term debt			159	171	1,246	917	2,075	359	185	60.8
Total current liabilities	3,705	2,520	2,021	1,978	3,098	2,735	4,040	2,308	2,255	2,051
Long-term debt	16,581	32.5	22,654	24,250	25,477	25,629	24,513	24,716	24,872	26,145
Lease liabilities			0	269	257	237	260	265	255	250
Other non-current liabilities	113	144	175	148	193	159	275	221	320	316
Total liabilities	34,376	29,076	29,804	31,720	34,554	34,086	34,169	32,358	32,158	32,996
Total debt			22,813	24,420	26,722	26,547	26,588	25,075	25,057	26,206
Paid-in capital	3,004	4,665	3,424	2,040	0	18	183	187	234	253
Retained earnings	-976	841	252	391	-986	-849	-654	-601	-704	-2,573
Treasury stock			0	-164	-164	0	0	0	-0.01	-0.01
Other comprehensive income	1.98	-10	-11.8	-3.25	3.65	6.5	-8.2	-12.9	-3.83	1.6
Shareholders' equity	2,030	5,503	3,671	2,270	-1,141	-820	-475	-422	-469	-2,314
Minority interests	0.29	1.54	9.3	9.3	-62.1	-51.1	-28.7	-12.2	12.4	21.9
Total equity	2,043	5,505	3,680	2,279	-1,203	-871	-504	-434	-457	-2,292
Total liabilities and equity	36,474	34,812	33,614	34,108	33,377	33,215	33,665	31,924	31,701	30,704
Shares outstanding	0		709	633	476				279	287

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2020	FY2022	FY2023	FY2024	FY2025
Net income	-831	1,495	20.6	140	443	1,011	221	79	-78.3	-1,833
Depreciation and amortization	1,700	2,931	2,382	2,263	2,083	1,787	1,774	1,644	1,642	1,697
Stock-based compensation	14.4	57.4	59.8	106	125	98.3	160	47.9	67.2	64.1
Deferred income tax	-264	-2,880	-67.6	14.9	75.5	40.7	36.4	-227	-396	-223
Change in receivables	-58.8	-89.7	-144	-91.7	-50.7	-30.4	-45.3	-77.7	-58.9	-72.3
Change in payables	-11.8	73.9	-118	-145	-118	-177	39.3	-68.8	3.88	-139
Cash from operations	1,184	2,018	2,508	2,554	2,980	2,854	2,367	1,826	1,582	1,228
Capital expenditures	-626	-951	-1,154	-1,355	-1,074	-1,232	-1,914	-1,705	-1,433	-1,347
Acquisitions	-8,989	-46.7	-10.8	-172	-150	-340	-2.06	0	-38.5	-7.62
Cash from investing	-9,599	-1,092	-1,148	-1,525	-1,220	-1,574	-1,922	-1,707	-1,456	-1,294
Debt issued	1,310	0	5,555	9,160	8,020	4,410	4,277	2,700	4,215	3,835
Debt repaid	0	-1,729	-4,883	-8,160	-6,195	-4,870	-4,470	-2,688	-4,223	-2,561
Stock issued		0	0	3.21	14.3
Share buybacks	0	0	-500	-1,687	-4,816	-805	0	0
Dividends paid	-366	-919	-1,500	0	0
Cash from financing	131	-1,099	-1,391	-624	-2,181	-1,363	-336	-123	-172	949
Exchange rate effect	0	0	-0.03	-1.17	-2.17	-0.66	0.29	-0.7	-0.42	0.59
Net change in cash	-8,283	-173	-31.1	403	-423	-82.7	110	-3.41	-45.5	885
Free cash flow	559	1,067	1,355	1,199	1,906	1,622	453	122	149	-119
Interest paid	1,192	1,765	1,481	1,436	1,407	1,178	1,248	1,583	1,620
Income taxes paid	1.54	29	13.7	10.3	80.4	264	236	200	255	159

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.01 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	69.9%	Gross profit / revenue.
Operating margin	-35.3%	Operating income / revenue.
EBITDA margin	-15.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-59.1%	Pre-tax income / revenue.
Net margin	-58.1%	Net income / revenue.
FCF margin	-2.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	12.3%	Cash from operations / revenue.
Return on assets (ROA)	-17.4%	Net income / average total assets.
Return on invested capital (ROIC)	-11.9%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	14.7%	Capital expenditures / revenue.
D&A / revenue	20.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-2.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-1.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-2.6%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-1.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-106.7%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	-52.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-23.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-17.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-22.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-19.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-16.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-179.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-3.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-3.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-4.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.32x	Current assets / current liabilities.
Quick ratio	0.26x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.21x	(Cash + short-term investments) / current liabilities.
Debt / assets	94.6%	Total debt / total assets.
Liabilities / assets	117.8%	Total liabilities / total assets.
Net debt	$25.25B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	-$4.13B	Current assets - current liabilities.
Goodwill and intangibles / assets	30.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$14.17B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.30x	Revenue / average total assets.
Fixed asset turnover	1.01x	Revenue / average property, plant and equipment.
Receivables turnover	27.0x	Revenue / average receivables.
Days sales outstanding	14 days	365 x average receivables / revenue.
Days payables	113 days	365 x average accounts payable / cost of revenue.
Capex / operating cash flow	120.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$10.93	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$18.80	Revenue / diluted weighted shares.
FCF per share	-$0.47	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.31	Cash from operations / diluted weighted shares.
Book value per share	-$19.56	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$49.95	Tangible book value / shares outstanding.
Cash per share	$4.57	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$460.1M	Share price x shares outstanding.
Enterprise value	$25.71B	Market cap + total debt - cash - short-term investments.
P/S	0.05x	Market cap / revenue.
P/OCF	0.45x	Market cap / cash from operations, when positive.
EV/Sales	3.07x	Enterprise value / revenue.
FCF yield	-45.2%	Free cash flow / market cap.
Earnings yield	-1,059.0%	Net income / market cap (the inverse of P/E).

What was Optimum Communications, Inc.'s revenue in fiscal 2025?

Optimum Communications, Inc. reported revenue of $8.59B for fiscal 2025, 4.1% lower than the year before.

Was Optimum Communications, Inc. profitable in fiscal 2025?

No. It reported a net loss of $1.87B.

How much free cash flow did Optimum Communications, Inc. generate in fiscal 2025?

Cash from operations of $1.23B minus capital expenditures of $1.35B left free cash flow of -$118.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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