The company maintains a vulnerable capital structure characterized by $11.1 billion in total debt against a thin equity base of $319.7 million.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Assets | 13.11B | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B | 4.73B | 5.02B | 4.59B | 4.33B | 3.32B | 2.54B | 16.66M | 21.88M | 29.44M |
| Asset Growth % | 420.81% | 127.88% | 5.11% | 3.58% | 0.87% | 1.64% | -5.68% | 9.23% | 6.07% | 30.47% | 30.52% | 15157.34% | -23.84% | -25.69% | - |
| Real Estate & Other Assets | 117.7M | 95.6M | 40.63M | 118.12M | 77.6M | 38.9M | 152.88M | 161.56M | 23.81M | 15.86M | 9.67M | 2.37B | 301K | 143K | -24.29M |
| PP&E (Net) | 8.81B | 8.66B | 4.34B | 4.11B | 3.84B | 3.59B | 3.27B | 3.41B | 3.21B | 3.05B | 2.67B | 2.37B | 0 | 0 | 0 |
| Investment Securities | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 |
| Total Current Assets | 1.81B | 831M | 344.13M | 228.22M | 155.03M | 138.68M | 246.94M | 222.84M | 203.87M | 150.46M | 216.12M | 156.38M | 1.91M | 2.7M | 4.96M |
| Cash & Equivalents | 1.13B | 134.1M | 155.59M | 62.26M | 43.8M | 58.9M | 77.53M | 142.81M | 38.03M | 59.77M | 171.75M | 142.5M | 0 | 0 | 0 |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 169.5M | 156.3M | 28.25M | 28.61M | 0 | 0 | 93.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.21B | 1.29B | 275.41M | 305.12M | 334.85M | 364.63M | 390.73M | 531.98M | 432.82M | 429.36M | 160.58M | 10.53M | 14.45M | 19.04M | 24.29M |
| Total Liabilities | 12.79B | 11.66B | 7.73B | 7.51B | 7.12B | 6.92B | 6.8B | 6.5B | 6B | 5.45B | 4.64B | 3.71B | 7.88M | 9.66M | 2.16M |
| Total Debt | 11.11B | 10.02B | 5.88B | 5.63B | 5.27B | 5.16B | 4.83B | 5.07B | 4.9B | 4.54B | 4.08B | 3.51B | 0 | 0 | 0 |
| Net Debt | 9.98B | 9.89B | 5.73B | 5.56B | 5.23B | 5.1B | 4.75B | 4.93B | 4.86B | 4.48B | 3.91B | 3.36B | 0 | 0 | 0 |
| Long-Term Debt | 10.64B | 9.53B | 5.78B | 5.52B | 5.19B | 5.09B | 4.82B | 5.02B | 3.58B | 3.56B | 4.03B | 3.51B | 0 | 0 | 0 |
| Short-Term Borrowings | 129.2M | 132.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.31B | 360.5M | 97.69M | 102.51M | 81.88M | 72.7M | 15.47M | 52.99M | 46.6M | 56.33M | 54.53M | -10.56M | 0 | 0 | 0 |
| Total Current Liabilities | 1.17B | 1.12B | 1.71B | 1.73B | 1.68B | 1.57B | 1.75B | 1.37B | 962.28M | 753.43M | 424.8M | 193.17M | 1.25M | 1.08M | 2.16M |
| Accounts Payable | 187.3M | 171.5M | 89.69M | 119.34M | 122.19M | 86.87M | 146.14M | 227.12M | 94.18M | 77.63M | 40.98M | 10.41M | 0 | 0 | 0 |
| Deferred Revenue | 262.6M | 239.8M | 1.4B | 1.27B | 1.19B | 1.13B | 995.12M | 1.07B | 726.26M | 537.55M | 261.4M | 67.82M | 1.15M | 1.34M | 0 |
| Other Liabilities | 250.4M | 256.1M | 145.7M | 156.4M | 167.09M | 188.2M | -781.38M | -1.04B | 4.45B | 4.27B | 6.69M | 62.97M | 0 | 0 | 0 |
| Total Equity | 319.7M | 380.4M | -2.45B | -2.48B | -2.27B | -2.11B | -2.07B | -1.48B | -1.41B | -1.12B | 2.59B | -1.17B | 8.78M | 12.22M | 16.31M |
| Equity Growth % | 358.07% | 115.51% | 1.3% | -9.37% | -7.45% | -2% | -39.73% | -5.44% | -25.19% | -143.4% | 321.88% | -13390.5% | -28.16% | -25.08% | - |
| Shareholders Equity | 319.7M | 380.3M | -2.45B | -2.49B | -2.27B | -2.13B | -2.14B | -1.57B | -1.5B | -1.23B | -1.32B | -1.17B | 8.78M | 12.22M | 16.31M |
| Minority Interest | 0 | 100K | 533K | 2.27M | 2.37M | 14.02M | 69.28M | 83.7M | 92.38M | 101.41M | 3.91B | 0 | 0 | 0 | 0 |
| Common Stock | 0 | 0 | 24K | 24K | 24K | 23K | 23K | 19K | 18K | 17K | 15K | 15K | 8.78M | 12.22M | 16.31M |
| Additional Paid-in Capital | 2.81B | 2.79B | 1.24B | 1.22B | 1.21B | 1.21B | 1.21B | 951.29M | 757.52M | 644.33M | 141.09M | 1.39M | 0 | 0 | 0 |
| Retained Earnings | -2.49B | -2.41B | -3.69B | -3.71B | -3.48B | -3.33B | -3.33B | -2.49B | -2.37B | -1.96B | -1.54B | -1.16B | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86.51M | 83.53M | 80.55M | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 11.1% | 15.07% | 1.81% | -1.65% | -0.17% | 2.59% | -14.49% | 0.22% | 0.36% | -0.25% | -0.01% | 2.92% | 63.76% | 64.35% | 83.25% |
| Return on Equity (ROE) | -446.54% | 342.98% | - | - | - | - | - | - | - | -1.29% | -0.03% | - | 117.03% | 115.73% | 150.26% |
| Debt / Assets | 84.73% | 83.27% | 111.34% | 111.96% | 108.65% | 107.36% | 102.12% | 101.07% | 106.72% | 104.83% | 123.02% | 137.86% | - | - | - |
| Debt / Equity | 34.75x | 26.35x | - | - | - | - | - | - | - | - | 1.58x | - | - | - | - |
| Net Debt / EBITDA | 9.52x | 8.67x | 6.21x | 4.64x | 5.91x | 4.49x | 4.45x | 4.26x | 3.95x | 3.83x | 3.68x | 3.27x | - | - | - |
| Book Value per Share | 1.27 | 1.43 | -17.14 | -17.43 | -15.99 | -13.28 | -16.88 | -13.13 | -13.18 | -11.03 | 28.17 | -12.92 | - | - | - |
Excessive debt leverage
Based on reported financial statements, Uniti Group's total assets surged to $13.1 billion in 2026Q1, yet this expansion appears heavily debt-funded as the company's equity base remains thin at $319.7 million, suggesting a strategy focused on rapid scale rather than balance sheet consolidation.
The rapid increase in total assets relative to a stagnant equity position indicates that growth is being driven by aggressive capital deployment rather than organic value creation. Investors should monitor whether this asset expansion can eventually generate sufficient yield to offset the significant interest burden associated with the underlying debt.
As reported in recent filings, Uniti Group's debt-to-equity ratio reached 34.75 in 2026Q1, a figure that underscores the company's extreme reliance on external financing to maintain its massive $11.1 billion debt load in a high-interest rate environment.
The elevated debt-to-equity ratio suggests that the company's financial flexibility is severely constrained, leaving little room for operational missteps. This capital structure appears to prioritize growth at the expense of long-term solvency, which may necessitate future equity dilution to stabilize the balance sheet.
According to the 2026Q1 balance sheet, Uniti Group holds $1.1 billion in cash, yet this liquidity appears insufficient when weighed against the company's ongoing capital intensity and the $11.1 billion in total debt that requires consistent servicing.
While the cash balance has improved significantly from prior quarters, it may be a temporary result of financing activities rather than operational cash generation. The persistent gap between capital expenditure requirements and internal cash flow suggests that the company remains dependent on capital markets to fund its development pipeline.
Based on the provided data, the discrepancy between the $8.8 billion in net property, plant, and equipment and the $11.1 billion in total debt warrants further investigation into the potential for asset impairment if fiber strand utilization fails to meet management's aggressive growth targets.
The reliance on high-value fiber assets to support a massive debt load creates a structural risk where any decline in asset utility could trigger a rapid deterioration in the company's net asset value. This suggests that the balance sheet is highly sensitive to the long-term technological relevance of its rural fiber footprint.
Quick answers to the most common questions about buying UNIT stock.
As of 2025, Uniti Group Inc. (UNIT) had total assets of $12.04B including $831.0M in current assets.
Uniti Group Inc. (UNIT) carries total debt of $10.02B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Uniti Group Inc. (UNIT) has total shareholders' equity (book value) of $380.3M ($1.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Uniti Group Inc. (UNIT) reported a current ratio of 0.74x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.