AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Uniti reported $1.9B in revenues for H1 2026, up 219% YoY post-Windstream merger, but net loss of $226M as integration costs and higher debt service offset operating gains.
Biggest Revenue Drivers
Kinetic$1,087.0MN/A (post-Merger)
Residential, business and wholesale operations in ILEC markets; 603k fiber consumer subscribers as of June 30, 2026.
Fiber Infrastructure$528.9M-11% YoY
Legacy fiber and leasing combined with CLEC wholesale; decline reflects settlement of preexisting Windstream leases upon Merger.
Biggest Revenue Drivers
Total revenue: $1,897.2M+219% YoY
Kinetic$1,087.0MN/A (post-Merger)
Residential, business and wholesale operations in ILEC markets; 603k fiber consumer subscribers as of June 30, 2026.
Fiber Infrastructure$528.9M-11% YoY
Legacy fiber and leasing combined with CLEC wholesale; decline reflects settlement of preexisting Windstream leases upon Merger.
Uniti Solutions$374.3MN/A (post-Merger)
Mid-market and large business customers; managed services, SASE, UCaaS, and network connectivity.
Largest Expense Items
Depreciation and amortization$595.7M+175% YoY
Incremental from Windstream acquisition and deployment of fiber network assets.
Interest expense, net$383.9M+49% YoY
Increased debt outstanding post-Merger ($4.6B net increase); includes Kinetic ABS and senior notes interest.
Margins: Operating income declined 51% YoY to $143.1M despite revenue growth, primarily due to $320.9M decline in operating lease revenues from settlement of Windstream preexisting leases and higher stock-based compensation post-Merger, partially offset by $173M operating income from acquired Windstream operations.
Watch Items from the Filing
RDOF milestone compliance risk: Company notified FCC on January 15, 2026 of failure to meet 40% completion deadline by December 31, 2025; permitting delays in multiple states created shortfall on $522.8M award (192k locations).
Debt concentration: $10.7B total debt outstanding as of June 30, 2026; $1.6B of 8.625% unsecured notes due 2032, $2.2B of 8.25% secured notes due 2031; interest expense climbed to $383.9M (H1 2026).
Customer concentration post-Merger: No single customer represents >10% of consolidated revenues; largest IRU agreement with hyperscaler contributed $85.5M in sales-type lease revenues (H1 2026).
Kinetic DSL decline: DSL subscribers fell; company reports continued churn offset by fiber growth (603k fiber subscribers, 44% of footprint passed as of Q2 2026).
Subsequent event (post-period): July 15, 2026 issuance of $1.1B Kinetic ABS 2026-2 Notes; $500M of proceeds earmarked for debt repayment; demonstrates reliance on securitizations for refinancing.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Black TravisSVP & Chief Accounting OfficerGrant or award · Mar 1, 2026
Natale Joseph M.DirectorGrant or award · Feb 26, 2026
About Uniti Group Inc. (UNIT): stock profile, AI score and financials
Uniti Group Inc. (UNIT) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores UNIT at 68.1/100 on a composite quality score built from its SEC filings, placing it at rank #327 of 2,925 stocks — the top 25% of the AI-ranked universe. UNIT scores in the top quartile across revenue growth (96.9), profitability (92.2), balance sheet strength (88.7). Areas of concern include free cash flow (12.5) and earnings quality (34.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Uniti Group Inc. reports quarterly revenue of $909.7M, net income of $-155.9M, an operating margin of 3.5%. Top institutional holders of UNIT by reported 13-F value include Elliott Investment Management L.P., BlackRock, Hudson Bay Capital Management, based on the most recent SEC filings. UNIT trades on the Nasdaq exchange and files with the SEC under CIK 2020795. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UNIT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Uniti Group Inc. directly from SEC EDGAR.