Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$372M in Q2 2026 · −$835M over twelve months
Operating cash flow$78.5M
Capital spending−$450M
Free cash flow−$372M
Analysis
In Q2 2026, Uniti Group generated $78.5M of operating cash flow and spent $450M on capital projects, leaving free cash flow of −$372M. That is $508M less than in Q2 2025 ($137M).
Over the twelve months to Jun 30, 2026, operating cash flow was $506M; the largest uses were capital spending ($1.3B), other financing ($275M), other investing ($244M); besides operations, cash came from net borrowing (+) / repaid (−) ($1.8B); the cash balance rose by $434M.
Operating cash flow was $78.5M against net income of −$156M. The largest differences: depreciation & amortization +$306M, receivables −$90.9M, inventory +$28.9M.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow $78.5M, Capital spending $450M.
Capital allocation, year by year
Over these 3 years operating cash flow totalled $1.1B; the largest uses were capital spending ($1.6B) and acquisitions ($230M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$609M
Debt$10.6B
Net debt$10.0B
Due within a year$10.0M
Uniti Group's operations bring cash in ($506M over twelve months), and it spends more than that on capital projects: a gap of $835M funded from its $609M of cash and investments and from borrowing ($10.6B of debt, $10.0M due within a year). That is a choice to invest, not a cash runway running down.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Capital spending
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
$78.5M
−$450M
—
$399M
−$372M
Q1 2026
$261M
−$349M
$1.1B
−$998M
−$88.3M
Q4 2025
$120M
−$327M
$269M
$97.8M
−$206M
Q3 2025
$46.2M
−$215M
$376M
$66.7M
−$169M
Q2 2025
$175M
−$38.1M
$100M
−$168M
$137M
Q1 2025
$8.6M
−$208M
$189M
$53.5M
−$200M
Q4 2024
$186M
−$27.0M
−$5.0M
−$130M
$158M
Uniti Group: income statement and cash flow
Uniti Group, Q2 2026: revenue $910M (+202% year over year), operating margin 3.5%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.