Uniti Group (UNIT) Q1 FY2026 earnings: revenue $988 million, up 236.0% on the year

Uniti Group Inc. (UNIT) reported revenue of $988 million for Q1 FY2026, the quarter ended 31 March 2026, up 236.0% on the same quarter a year earlier. Net income was -$70 million, and diluted earnings per share $-0.34. The figures are the company's own, from the 10-Q it filed with the SEC on 11 May 2026.

Revenue$988 millionup 236.0%

Net income-$70 million

Diluted EPS$-0.34

QuarterQ1 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	988	917	294	+236.0%
Selling, general and administrative	169	174	28.3	+496.1%
Operating income	111	13.9	146	-23.9%
Operating margin	11.2%	1.5%	49.6%
Interest expense	188	176	130	+45.4%
Pre-tax income	-69.7	-297	7.7	n/a
Income tax	0.6	8.7	-4.5	n/a
Effective tax rate	n/a	n/a	-58.4%
Net income	-70.3	-306	12.2	n/a
Net margin	-7.1%	-33.3%	4.2%
Diluted EPS	-$0.34	-$1.19	$0.08	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	261	120	8.6	+2933.7%
Capital expenditure	349	327	208	+67.8%
Free cash flow	-88.3	-206	-200	n/a
Free cash flow margin	-8.9%	-22.5%	-67.9%
Cash from investing	-362	-322	-208	n/a
Cash from financing	1,099	103	146	+655.1%
Depreciation and amortisation	290	305	79.7	+263.6%
Share-based compensation	7.6	6.1	3.8	+100.0%
Diluted shares, weighted	252m	252m	144m	+75.7%
Shares outstanding at period end	235m	234m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	320	380	-2,438	n/a
Non-controlling interest	0.0	0.1	n/a	n/a
Debt	10,637	9,529	n/a	n/a
Operating lease liabilities	343	360	n/a	n/a
Finance lease liabilities	n/a	50.7	n/a	n/a
Other liabilities	1,812	1,716	n/a	n/a
Total liabilities and equity	13,111	12,037	n/a	n/a
Goodwill	1,158	1,158	n/a	n/a
Intangible assets	1,213	1,293	n/a	n/a
Cash and equivalents	983	53.5	130	+654.1%
Inventory	43.8	44.0	n/a	n/a
Other assets	9,714	9,488	n/a	n/a
Total assets	13,111	12,037	n/a	n/a

Questions

What was Uniti Group's revenue in Q1 FY2026?

Uniti Group (UNIT) reported revenue of $988 million for Q1 FY2026, the quarter ended 31 March 2026, up 236.0% on the same quarter a year earlier.

How much did Uniti Group earn in Q1 FY2026?

Net loss for Q1 FY2026 was $70 million, and the diluted loss per share $0.34.

When did Uniti Group report Q1 FY2026 results?

Uniti Group filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 11 May 2026.

Quarterly results, the last 7 quarters

	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	292	294	301	723	917	988	910
SG&A	26.7	28.3	27.9	121	174	169	178
Operating income	137	146	145	-42.6	13.9	111	32.2
Operating margin	47%	50%	48%	-6%	2%	11%	4%
Interest expense	131	130	129	168	176	188	196
Pre-tax income	6.3	7.7	-16.9	1,474	-297	-69.7	-156
Tax rate	-94%	-58%	n/a	-9%	n/a	n/a	n/a
Net income	12.2	12.2	-10.7	1,609	-306	-70.3	-156
Net margin	4%	4%	-4%	223%	-33%	-7%	-17%
Diluted EPS	$0.08	$0.08	-$0.07	$4.92	-$1.19	-$0.34	-$0.68
Operating cash flow	n/a	8.6	175	46.2	120	261	78.5
Capital expenditure	n/a	208	38.1	215	327	349	450
Free cash flow	n/a	-200	137	-169	-206	-88.3	-372
Shares outstanding	239m	n/a	n/a	234m	234m	235m	235m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2026, filed 11 May 2026, accession 0001628280-26-033482: the filing on EDGAR. All of Uniti Group Inc.'s filings: EDGAR company page.

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