Here are the 10-K annual reports from Crown Castle Inc. (CCI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CCI filings page.
Crown Castle Inc. reports on a year defined by refocusing on its core U.S. tower business and reshaping its portfolio. The company owns more than 40,000 towers, with tenant contracts averaging six years and representing $23.7 billion of expected future cash inflows as of December 31, 2025.
Crown Castle signed a definitive agreement to sell its Fiber segment, including small cells and fiber solutions, for $8.5 billion, with closing expected in the first half of 2026, and has reclassified this Fiber Business as discontinued operations. The company operates as a REIT, with 95% of 2025 net revenues from recurring site rental revenues, and about 90% of those site rental revenues coming from T-Mobile, AT&T and Verizon Wireless.
The filing highlights tenant concentration risk, the termination of agreements with DISH with more than $3.5 billion asserted as owed, and multiple restructuring plans in 2023, 2024 and 2026 that reduce headcount and streamline operations. Crown Castle also outlines extensive risk factors spanning competition, technology shifts, regulatory and environmental compliance, cybersecurity, climate-related events and maintaining REIT status.