Crown Castle (CCI) Q1 2025 10-Q Quarterly Report

Filed: May 9, 2025Period ending Mar 31, 2025

Financials

Real Estate Investment TrustsSEC EDGAR

Crown Castle (CCI) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on May 9, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Crown Castle Q1 2025 10-Q Analysis

Management Discussion & Analysis

• Revenue impact: Site rental revenues $1,011M in Q1 2025 vs $1,068M Q1 2024, decline $57M YoY
• Operating profitability: Adjusted Site Rental Gross Margin $776M (approx. 76.8% margin on site rental revenues) vs $829M (77.6%) YoY, slight margin contraction
• Segment performance: Services and Other Gross Margin increased to $22M in Q1 2025 from $18M Q1 2024, indicating Services improvement despite overall net loss
• Net income (loss) $ (464)M Q1 2025 vs $311M net income Q1 2024, driven by $748M loss from discontinued operations in 2025
• Interest expense $236M up from $226M, depreciation $177M slightly down from $191M, reflecting stable capital costs; no updated guidance or outlook disclosed

Risk Factors

• No new or materially updated risk factors disclosed since 2024 Form 10-K
• Legal risk: Stock Purchase Agreement with Zayo Group Holdings filed March 2025, potential transaction-related liabilities
• Operational risk: Interim President and CEO Agreement effective, indicating recent executive leadership change
• Financial risk: No liquidity, debt maturity, or currency exposure updates in risk section
• Regulatory/compliance risk unchanged, no new SEC or Sarbanes-Oxley related risks noted

Crown Castle Q1 2025 Quarterly Financials
XBRL

Revenue

$50M

▼ -5.7% YoY

Net Income

-$464M

▼ -249.2% YoY

Net Margin

-928.0%

▼ -151479bp YoY

Source: XBRL data from Crown Castle Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Crown Castle Quarterly Reports

Q3 2025 10-Q

Q2 2025 10-Q

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