Altice Usa Financials

ATUS

Source SEC Filings (10-K/10-Q) Updated Feb 13, 2026 Currency USD FYE February

This page shows Altice Usa (ATUS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Altice Usa has an operating margin of 52597.2%, meaning the company retains $52597 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 18.8% the prior year.

Growth

Altice Usa's revenue declined 100% year-over-year, from $9.0B to $214. This contraction results in a growth score of 0/100.

Leverage

Altice Usa has elevated debt relative to equity (D/E of 11.30), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Altice Usa's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Cash Flow

While Altice Usa generated $1.2M in operating cash flow, capex of $1.3M consumed most of it, leaving -$119K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

100

Altice Usa earns a strong 80.8% return on equity (ROE), meaning it generates $81 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.

Altman Z-Score Safe

15.41

Altice Usa scores 15.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($841.0M) relative to total liabilities ($33.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Altice Usa passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

0.66x

For every $1 of reported earnings, Altice Usa generates $0.66 in operating cash flow ($1.2M OCF vs $1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Revenue

$214

YoY-100.0%

5Y CAGR-97.1%

Altice Usa generated $214 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

$1.8M

YoY-99.9%

5Y CAGR-78.8%

Altice Usa's EBITDA was $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.

Free Cash Flow

-$119K

YoY-100.1%

Altice Usa generated -$119K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.1% from the prior year.

Net Income

$1.9M

YoY+101.8%

5Y CAGR-66.4%

Altice Usa reported $1.9M in net income in fiscal year 2025. This represents an increase of 101.8% from the prior year.

EPS (Diluted)

$4.00

YoY+1918.2%

5Y CAGR+39.8%

Altice Usa earned $4.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1918.2% from the prior year.

Cash & Debt

$1.0M

YoY-99.6%

5Y CAGR-67.5%

Altice Usa held $1.0M in cash against $26.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.00

Altice Usa paid $0.00 per share in dividends in fiscal year 2025.

Shares Outstanding

470M

YoY+1.6%

5Y CAGR-0.1%

Altice Usa had 470M shares outstanding in fiscal year 2025. This represents an increase of 1.6% from the prior year.

Gross Margin

-2933.2%

YoY-3000.8pp

5Y CAGR-2999.4pp

Altice Usa's gross margin was -2933.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3000.8 percentage points from the prior year.

Operating Margin

52597.2%

YoY+52578.4pp

5Y CAGR+52575.8pp

Altice Usa's operating margin was 52597.2% in fiscal year 2025, reflecting core business profitability. This is up 52578.4 percentage points from the prior year.

Net Margin

873375.7%

YoY+873376.8pp

5Y CAGR+873371.3pp

Altice Usa's net profit margin was 873375.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 873376.8 percentage points from the prior year.

Return on Equity

80.8%

Altice Usa's ROE was 80.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.3M

YoY-99.9%

5Y CAGR-73.7%

Altice Usa invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.

ATUS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$214-100.0%	$9.0B-3.1%	$9.2B-4.3%	$9.6B-4.4%	$10.1B+2.0%	$9.9B
Cost of Revenue	$6K-100.0%	$2.9B-4.4%	$3.0B-5.5%	$3.2B-5.2%	$3.4B+1.2%	$3.3B
Gross Profit	-$6K-100.0%	$6.1B-2.4%	$6.2B-3.6%	$6.4B-4.0%	$6.7B+2.4%	$6.6B
R&D Expenses	N/A	N/A	$33.4M+50.0%	$22.3M	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$113K-100.0%	$1.7B-1.3%	$1.7B-5.6%	$1.8B-28.6%	$2.5B+19.4%	$2.1B
Interest Expense	N/A	N/A	N/A	N/A	$1.3B-6.3%	$1.4B
Income Tax	$97K+102.4%	-$4.1M-110.3%	$39.5M-86.6%	$295.8M+0.3%	$295.0M+111.1%	$139.7M
Net Income	$1.9M+101.8%	-$102.9M-293.5%	$53.2M-72.7%	$194.6M-80.4%	$990.3M+127.0%	$436.2M
EPS (Diluted)	$4.00+1918.2%	$-0.22-283.3%	$0.12-72.1%	$0.43-79.9%	$2.14+185.3%	$0.75

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.2B+3.5%	$2.1B-1.8%	$2.1B-0.2%	$2.2B-3.7%	$2.2B+0.3%	$2.2B-0.6%	$2.2B-0.5%	$2.3B
Cost of Revenue	$664.9M+4.1%	$639.0M-3.6%	$662.7M-1.2%	$670.5M-7.1%	$721.9M+1.5%	$711.3M-1.1%	$719.5M-3.3%	$743.9M
Gross Profit	$1.5B+3.3%	$1.5B-1.0%	$1.5B+0.2%	$1.5B-2.1%	$1.5B-0.2%	$1.5B-0.3%	$1.5B+0.9%	$1.5B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$397.6M+134.1%	-$1.2B-474.4%	$311.1M-9.4%	$343.5M+0.8%	$340.8M-23.4%	$444.6M-11.4%	$501.6M+27.6%	$393.2M
Interest Expense	N/A	-$459.1M-3.3%	-$444.7M-3.9%	-$428.0M	N/A	-$448.2M-1.2%	-$443.0M-1.3%	-$437.1M
Income Tax	-$31.9M-2183.5%	-$1.4M+97.1%	-$47.6M-198.5%	-$16.0M+65.4%	-$46.1M-366.2%	-$9.9M-120.2%	$49.0M+1576.2%	$2.9M
Net Income	-$71.2M+95.6%	-$1.6B-1589.2%	-$96.3M-27.2%	-$75.7M-39.8%	-$54.1M-25.9%	-$43.0M-379.7%	$15.4M+172.5%	-$21.2M
EPS (Diluted)	$-0.16+95.4%	$-3.47-1552.4%	$-0.21-31.2%	$-0.16-45.5%	$-0.11-22.2%	$-0.09-400.0%	$0.03+160.0%	$-0.05

ATUS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$30.7M-99.9%	$31.7B-0.7%	$31.9B-5.2%	$33.7B+1.4%	$33.2B-0.5%	$33.4B
Current Assets	$1.6M-99.8%	$731.0M-12.4%	$834.8M-67.5%	$2.6B+225.3%	$789.6M-19.1%	$976.6M
Cash & Equivalents	$1.0M-99.6%	$256.5M-15.1%	$302.1M-1.1%	$305.5M+56.1%	$195.7M-29.7%	$278.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$336K-99.9%	$332.3M-7.1%	$357.6M-2.3%	$366.0M-10.1%	$407.0M-8.1%	$442.6M
Goodwill	$8.0M-99.9%	$8.0B0.0%	$8.0B-2.0%	$8.2B0.0%	$8.2B+0.6%	$8.2B
Total Liabilities	$33.0M-99.9%	$32.2B-0.6%	$32.4B-5.3%	$34.2B+0.2%	$34.1B-1.4%	$34.6B
Current Liabilities	$2.1M-99.9%	$2.3B-2.3%	$2.3B-42.9%	$4.0B+47.7%	$2.7B-11.7%	$3.1B
Long-Term Debt	$26.1M-99.9%	$24.9B+0.6%	$24.7B+0.8%	$24.5B-4.4%	$25.6B+0.6%	$25.5B
Total Equity	$2.3M+100.5%	-$469.2M-11.1%	-$422.2M+11.2%	-$475.2M+42.0%	-$819.8M+28.2%	-$1.1B
Retained Earnings	$2.6M+100.4%	-$704.0M-17.1%	-$601.1M+8.1%	-$654.3M+22.9%	-$848.8M+13.9%	-$985.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$30.7B-0.1%	$30.7B-2.8%	$31.6B-0.2%	$31.7B-0.1%	$31.7B-0.4%	$31.8B-0.6%	$32.0B+0.2%	$31.9B
Current Assets	$1.6B+8.1%	$1.5B+105.9%	$739.3M-3.9%	$769.3M+5.2%	$731.0M-15.5%	$865.3M-14.2%	$1.0B+10.9%	$908.9M
Cash & Equivalents	$1.0B+7.8%	$938.8M+279.6%	$247.3M-11.4%	$279.1M+8.8%	$256.5M+2.6%	$250.0M-31.0%	$362.1M+27.3%	$284.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$335.8M+2.5%	$327.7M+9.4%	$299.6M+0.1%	$299.4M-9.9%	$332.3M+5.2%	$315.9M-1.3%	$319.9M+1.7%	$314.7M
Goodwill	$8.0B0.0%	$8.0B0.0%	$8.0B0.0%	$8.0B0.0%	$8.0B0.0%	$8.0B0.0%	$8.0B0.0%	$8.0B
Total Liabilities	$33.0B+0.1%	$33.0B+2.2%	$32.2B+0.1%	$32.2B+0.2%	$32.2B-0.3%	$32.3B-0.5%	$32.4B+0.1%	$32.4B
Current Liabilities	$2.1B+3.7%	$2.0B-11.7%	$2.2B+4.0%	$2.2B-4.4%	$2.3B+6.1%	$2.1B-2.9%	$2.2B-2.4%	$2.2B
Long-Term Debt	$26.1B0.0%	$26.1B+3.7%	$25.2B+0.2%	$25.2B+1.1%	$24.9B+0.4%	$24.8B-0.5%	$24.9B+0.7%	$24.7B
Total Equity	-$2.3B-3.2%	-$2.2B-259.3%	-$624.1M-14.9%	-$543.0M-15.7%	-$469.2M-9.9%	-$427.1M-7.0%	-$399.1M+7.4%	-$431.2M
Retained Earnings	-$2.6B-2.8%	-$2.5B-185.6%	-$875.9M-12.3%	-$779.7M-10.7%	-$704.0M-8.3%	-$649.9M-7.1%	-$606.9M+2.5%	-$622.3M

ATUS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.2M-99.9%	$1.6B-13.4%	$1.8B-22.8%	$2.4B-17.1%	$2.9B-4.2%	$3.0B
Capital Expenditures	$1.3M-99.9%	$1.4B-15.9%	$1.7B-10.9%	$1.9B+55.4%	$1.2B+14.7%	$1.1B
Free Cash Flow	-$119K-100.1%	$149.4M+22.9%	$121.6M-73.1%	$452.6M-72.1%	$1.6B-14.9%	$1.9B
Investing Cash Flow	$1.3M+100.1%	-$1.5B+14.7%	-$1.7B+11.2%	-$1.9B-22.1%	-$1.6B-28.9%	-$1.2B
Financing Cash Flow	$949K+100.6%	-$172.0M-40.3%	-$122.6M+63.5%	-$335.9M+75.3%	-$1.4B+37.5%	-$2.2B
Dividends Paid	$2K	N/A	N/A	N/A	N/A	$0
Share Buybacks	N/A	N/A	$0	$0-100.0%	$804.9M-83.3%	$4.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$481.6M+226.6%	$147.4M-64.2%	$412.0M+119.7%	$187.5M-57.4%	$439.9M+0.9%	$436.0M+42.1%	$306.8M-23.2%	$399.7M
Capital Expenditures	$282.1M-13.3%	$325.5M-15.1%	$383.5M+7.7%	$356.1M-8.7%	$390.0M+8.6%	$359.2M+3.3%	$347.7M+3.5%	$336.1M
Free Cash Flow	$199.4M+212.0%	-$178.1M-726.0%	$28.4M+116.9%	-$168.6M-438.1%	$49.9M-35.1%	$76.9M+287.8%	-$40.9M-164.4%	$63.6M
Investing Cash Flow	-$283.1M-6.8%	-$265.1M+30.6%	-$382.0M-5.1%	-$363.5M+11.2%	-$409.5M-13.7%	-$360.1M-2.8%	-$350.1M-4.3%	-$335.8M
Financing Cash Flow	-$100.9M-111.0%	$914.3M+1557.2%	-$62.7M-131.6%	$198.7M+933.8%	-$23.8M+87.4%	-$188.5M-255.5%	$121.2M+249.8%	-$80.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ATUS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-2933.2%-3000.8pp	67.7%+0.4pp	67.2%+0.4pp	66.8%+0.3pp	66.5%+0.2pp	66.2%
Operating Margin	52597.2%+52578.4pp	18.8%+0.3pp	18.4%-0.3pp	18.7%-6.3pp	25.0%+3.6pp	21.4%
Net Margin	873375.7%+873376.8pp	-1.1%-1.7pp	0.6%-1.4pp	2.0%-7.8pp	9.8%+5.4pp	4.4%
Return on Equity	80.8%	N/A	N/A	N/A	N/A	N/A
Return on Assets	6.1%+6.4pp	-0.3%-0.5pp	0.2%-0.4pp	0.6%-2.4pp	3.0%+1.7pp	1.3%
Current Ratio	0.80+0.5	0.32-0.0	0.36-0.3	0.64+0.3	0.29-0.0	0.32
Debt-to-Equity	11.30+64.3	-53.01+5.5	-58.54-7.0	-51.58-20.3	-31.26-8.9	-22.33
FCF Margin	-55531.3%-55533.0pp	1.7%+0.3pp	1.3%-3.4pp	4.7%-11.4pp	16.1%-3.2pp	19.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	69.5%-0.1pp	69.7%+0.5pp	69.1%+0.3pp	68.8%+1.1pp	67.7%-0.4pp	68.1%+0.2pp	67.9%+0.9pp	67.0%
Operating Margin	18.2%+73.5pp	-55.3%-69.7pp	14.5%-1.5pp	16.0%+0.7pp	15.3%-4.7pp	20.0%-2.4pp	22.4%+4.9pp	17.5%
Net Margin	-3.3%+73.9pp	-77.1%-72.7pp	-4.5%-1.0pp	-3.5%-1.1pp	-2.4%-0.5pp	-1.9%-2.6pp	0.7%+1.6pp	-0.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.2%+5.1pp	-5.3%-5.0pp	-0.3%-0.1pp	-0.2%-0.1pp	-0.2%-0.0pp	-0.1%-0.2pp	0.1%+0.1pp	-0.1%
Current Ratio	0.80+0.0	0.77+0.4	0.33-0.0	0.36+0.0	0.32-0.1	0.41-0.1	0.46+0.1	0.41
Debt-to-Equity	-11.30+0.4	-11.66+28.7	-40.40+5.9	-46.32+6.7	-53.01+5.0	-58.01+4.4	-62.38-5.0	-57.33
FCF Margin	9.1%+17.6pp	-8.5%-9.8pp	1.3%+9.2pp	-7.8%-10.1pp	2.2%-1.2pp	3.5%+5.3pp	-1.8%-4.7pp	2.8%

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Cable One Inc CABO

$644.8M

Liberty Latin America Ltd LILA

$1.5B

Liberty Latin America Ltd LILAK

$1.6B

Sify Technologie SIFY

$1.1B

Gogo Inc GOGO

$599.7M

Frequently Asked Questions

What is Altice Usa's annual revenue?

Altice Usa (ATUS) reported $214 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Altice Usa's revenue growing?

Altice Usa (ATUS) revenue declined by 100% year-over-year, from $9.0B to $214 in fiscal year 2025.

Is Altice Usa profitable?

Yes, Altice Usa (ATUS) reported a net income of $1.9M in fiscal year 2025, with a net profit margin of 873375.7%.

What is Altice Usa's earnings per share (EPS)?

Altice Usa (ATUS) reported diluted earnings per share of $4.00 for fiscal year 2025. This represents a 1918.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Altice Usa's EBITDA?

Altice Usa (ATUS) had EBITDA of $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Altice Usa have?

As of fiscal year 2025, Altice Usa (ATUS) had $1.0M in cash and equivalents against $26.1M in long-term debt.

What is Altice Usa's gross margin?

Altice Usa (ATUS) had a gross margin of -2933.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Altice Usa's operating margin?

Altice Usa (ATUS) had an operating margin of 52597.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Altice Usa's net profit margin?

Altice Usa (ATUS) had a net profit margin of 873375.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Altice Usa's return on equity (ROE)?

Altice Usa (ATUS) has a return on equity of 80.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Altice Usa's free cash flow?

Altice Usa (ATUS) generated -$119K in free cash flow during fiscal year 2025. This represents a -100.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Altice Usa's operating cash flow?

Altice Usa (ATUS) generated $1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Altice Usa's total assets?

Altice Usa (ATUS) had $30.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Altice Usa's capital expenditures?

Altice Usa (ATUS) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Altice Usa have outstanding?

Altice Usa (ATUS) had 470M shares outstanding as of fiscal year 2025.

What is Altice Usa's current ratio?

Altice Usa (ATUS) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Altice Usa's debt-to-equity ratio?

Altice Usa (ATUS) had a debt-to-equity ratio of 11.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Altice Usa's return on assets (ROA)?

Altice Usa (ATUS) had a return on assets of 6.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Altice Usa's Altman Z-Score?

Altice Usa (ATUS) has an Altman Z-Score of 15.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Altice Usa's Piotroski F-Score?

Altice Usa (ATUS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Altice Usa's earnings high quality?

Altice Usa (ATUS) has an earnings quality ratio of 0.66x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Altice Usa?

Altice Usa (ATUS) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.