Filing Flows › Uniti Group (UNIT) › Q1 2026
Uniti Group (UNIT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Uniti Group (UNIT) reported revenue of $988M for the first quarter 2026 (Q1 2026), +236% from a year earlier and +8% from the quarter before. Operating margin was 11.2%, net loss $70.3M (7.1% of revenue).
Uniti Group, Q1 2026: revenue $988M (+236% year over year), operating margin 11.2%, net loss $70.3M, operating cash flow $261M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $988M | +8% | +236% |
| Operating profit | $111M | +698% | -24% |
| Net earnings | −$70.3M | — | -676% |
| Operating cash flow | $261M | +117% | 30× |
What changed
Revenue was $987.5M in Q1 2026, up 236% year over year and up 8% from the previous quarter. Total revenues and sales accounted for under ASC 606 was the largest line at 80% of revenue. Total revenues and sales accounted for under ASC 606 added $730.3M year over year (up 1286%), 105% of the total change.
Operating profit was $110.9M, a 11.2% margin (down 38.3 points year over year). Operating profit fell $34.8M even though revenue rose $693.6M versus Q1 2025, so costs grew faster than sales. Total costs grew 491% against revenue growth of 236%. The fastest-growing cost line was SG&A (+496%). The quarter ended with a net loss of $70.3M, narrower than the previous quarter's $305.7M loss. Net interest and other expense of $180.6M was the main reason.
Operating cash flow was $260.9M (up 2934% year over year). Non-cash charges added back $289.8M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $33.8M. Capital expenditures of $349.2M exceeded it, leaving free cash flow of −$88.3M.
Questions
What was Uniti Group's revenue in the first quarter 2026?
Uniti Group (UNIT) reported revenue of $988M for the first quarter 2026 (Q1 2026), +236% from a year earlier and +8% from the quarter before.
Was Uniti Group profitable in the first quarter 2026?
Operating profit was $111M (11.2% of revenue) and net loss $70.3M.
Source: Uniti Group 10-Q on SEC EDGAR.