10-Q quarterly report · filed Nov 7, 2025

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) Q3 2025 10-Q Quarterly Report

Short answer

TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
−$82M
−23.8% YoY · −780.9% QoQ
EPS (diluted)
−$0.84
−16.7% YoY · −1300.0% QoQ

Source: XBRL data from the TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) Q3 2025 10-Q on SEC EDGAR. USD.

TELEPHONE & DATA SYSTEMS INC /DE/ Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Closing T-Mobile transaction on Aug 1, 2025 triggered operational changes and potential decommissioning costs impacting future cash flows
  • Material update: Spectrum sales to Verizon, AT&T, T-Mobile face regulatory approval delays and government shutdown impact, risking non-closure and asset impairments
  • Regulatory risk: Spectrum transactions subject to FCC approvals and government shutdown uncertainty may delay or prevent closings, adversely affecting liquidity and stock price
  • Operational risk: Failure to complete network construction and system upgrades timely due to permits, vendor, labor, or inflation issues may delay market expansion and increase costs
  • Financial risk: Heavy reliance on T-Mobile and few large tenants concentrates revenue risk; DISH Wireless contesting lease obligations could reduce expected $7M revenue in 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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