TELEPHONE & DATA SYSTEMS INCTDSEarnings & Financial Report
Telephone and Data Systems, Inc. is a Chicago-based telecommunications service company primarily providing broadband, cable, telephone, and wireless services, and radio tower leasing, through its subsidiaries TDS Telecom and Array Digital Infrastructure, the latter of which was formerly the cell phone company United States Cellular.
Revenue
$1.2B
Gross Profit
N/A
Operating Profit
$39.0M
Net Profit
$3.0M
Gross Margin
N/A
Operating Margin
3.2%
Net Margin
0.2%
YoY Growth
-2.3%
EPS
$-0.13
TELEPHONE & DATA SYSTEMS INC Q2 FY2024 Financial Summary
TELEPHONE & DATA SYSTEMS INC reported revenue of $1.2B (down 2.3% YoY) for Q2 FY2024, with a net profit of $3.0M (up 250.0% YoY) (0.2% margin).
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $3.0M |
| Gross Margin | N/A |
| Operating Margin | 3.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
TELEPHONE & DATA SYSTEMS INC Q2 FY2024 revenue of $1.2B breaks down across 4 segments, led by US Cellular Segment at $902.0M (74.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US Cellular Segment | $902.0M | 74.8% |
| Products | $204.0M | 16.9% |
| Towers Segment | $58.0M | 4.8% |
| Other Segment | $38.0M | 3.2% |
TELEPHONE & DATA SYSTEMS INC Revenue by Segment — Quarterly Trend
TELEPHONE & DATA SYSTEMS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as US Cellular Segment and Products) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q4 FY2024 | Q3 FY2024 |
|---|---|---|---|---|
| Products | — | $6.8M | $249.0M | $197.0M |
| Towers Segment | — | — | — | $59.0M |
| Other Segment | — | — | $7.0M | $35.0M |
TELEPHONE & DATA SYSTEMS INC Annual Revenue by Year
TELEPHONE & DATA SYSTEMS INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $4.8B).
| Year | Annual Revenue |
|---|---|
| 2024 | $4.8B |
| 2023 | $1.2B |
| 2022 | $5.3B |
TELEPHONE & DATA SYSTEMS INC Quarterly Revenue & Net Profit History
TELEPHONE & DATA SYSTEMS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $-1.5B | -221.4% | $56.5M | -3.8% |
| Q3 FY2025 | $261.9M | -78.0% | $-81.8M | -31.2% |
| Q4 FY2024 | $1.2B | -5.1% | $6.0M | 0.5% |
| Q3 FY2024 | $1.2B | -4.3% | $-66.0M | -5.5% |
| Q2 FY2024 | $1.2B | -2.3% | $3.0M | 0.2% |
| Q1 FY2024 | $1.2B | -3.3% | $29.0M | 2.4% |
| Q4 FY2023 | $-2.5B | -290.6% | $-503.3M | 19.9% |
| Q3 FY2023 | $1.2B | -8.4% | $0 | N/A |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $-2.53B | $1.23B | $1.21B | $1.19B | $1.21B | $261.9M | $-1.47B |
| YoY Growth | -8.4% | -290.6% | -3.3% | -2.3% | -4.3% | -5.1% | -78.0% | -221.4% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $14.41B | $8.14B | $13.87B | $13.87B | $13.73B | $13.68B | $8.53B | $8.40B |
| Liabilities | $8.69B | $2.93B | $8.66B | $8.72B | $8.65B | $8.59B | $4.07B | $3.60B |
| Equity | $5.73B | $5.20B | $5.20B | $5.15B | $5.08B | $5.09B | $4.47B | $4.80B |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $409.0M | $218.2M | $224.0M | $402.0M | $307.0M | $212.0M | $-36.7M | $19.6M |