SignalXSignalX

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Communication Services
Telephone Communications (No Radiotelephone)SEC EDGAR
TELEPHONE & DATA SYSTEMS INC /DE/ Overview

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

TELEPHONE & DATA SYSTEMS INC /DE/ FY2025 10-K Analysis

Business Overview

  • • Core business model: Communications services via TDS Telecom (1.1M connections) and tower leasing plus spectrum holdings via 82%-owned Array Digital Infrastructure
  • • New emphasis on fiber broadband expansion delivering up to 8 Gbps residential speeds, especially in Wisconsin and Pacific Northwest markets in 2025
+3 more insights

Management Discussion & Analysis

  • • Total operating revenues $1,228.2M in 2025, down 5% YoY from $1,297.0M in 2024; TDS Telecom revenue down 2% to $1,038.4M
  • • Operating margin negative 7.9% in 2025 (operating loss $97.4M on $1,228.2M revenue) vs negative 14.7% in 2024 (loss $191.3M on $1,297.0M revenue)
+3 more insights

Risk Factors

  • • Regulatory risk: Uncertainty of FCC approval for Verizon and T-Mobile spectrum license sales, threatening $ pending transaction proceeds for debt repayment and dividends
  • • Macroeconomic risk: Adverse impact from sustained higher U.S. inflation eroding real-dollar revenue and margins on fixed-rate annual escalators in Array colocation contracts
+3 more insights

TELEPHONE & DATA SYSTEMS INC /DE/ FY2025 Key Financial Metrics
XBRL

Revenue

$1.1B

▼ -77.9% YoY

Net Income

-$6M

▲ +77.7% YoY

Operating Margin

-9.1%

▼ -1039bp YoY

Net Margin

-0.6%

▼ -0bp YoY

ROE

-0.1%

▲ +42bp YoY

Total Assets

$8.4B

▼ -38.6% YoY

EPS (Diluted)

$-0.65

▲ +23.5% YoY

Operating Cash Flow

$590M

▼ -48.5% YoY

Source: XBRL data from TELEPHONE & DATA SYSTEMS INC /DE/ FY2025 10-K filing on SEC EDGAR. All figures in USD.

Get deeper insights on TELEPHONE & DATA SYSTEMS INC /DE/

Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.