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Telephone and Data Systems, Inc.

Telephone and Data Systems, Inc.

NYSE•TDS
CEO: Mr. Walter C. D. Carlson J.D.
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 1981-12-15
Telephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products. It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home Wi-Fi services; TDS TV+, an integrated cloud television platform that offers video content and features; local and long-distance telephone service, voice over internet protocol, and enhanced services; broadband, IP-based services, and hosted voice and video collaboration services; and communication services in underserved areas. The company sells its products through retail stores, direct and indirect sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. Telephone and Data Systems, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
Contact Information
30 North LaSalle Street, Suite 4000, Chicago, IL, 60602, United States
312-630-1900
www.tdsinc.com
Market Cap
$4.56B
P/E (TTM)
-118.3
10.8
Dividend Yield
0.4%
52W High
$43.56
52W Low
$31.07
52W Range
89%
Rank44Top 53.8%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$308.52M-74.79%
4-Quarter Trend

EPS

$0.35-147.94%
4-Quarter Trend

FCF

-$10.75M-110.64%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Operating Loss Significantly Reduced Consolidated operating loss improved 55% to $68.0M for Q3 2025, driven by Array operational changes and divestitures.
Array Loss Narrows Substantially Array operating loss narrowed 67% to $53.3M loss in Q3 2025, reflecting the impact of the August 1st T-Mobile transaction.
Cash Position Substantially Increased Cash and cash equivalents grew to $933M by September 30, 2025, up from $363M at year-end 2024.
Total Revenues Declined 6% Total operating revenues decreased 6% to $308.5M for the quarter, primarily due to 2024 and 2025 divestitures.

Risk Factors

T-Mobile Post-Sale Dependency Array's remaining business is substantially dependent upon T-Mobile meeting obligations under the Master License Agreement.
Spectrum Monetization Uncertainty Inability to find buyers at agreeable prices for remaining spectrum assets could adversely affect financial condition.
Inflationary Cost Pressure Risk High inflation may increase operating expenses beyond what TDS can recover through price increases, constraining margins.
Network Buildout Delays Risk Delays in fiber construction or systems implementation could adversely affect TDS' operations and competitive position.

Outlook

Focus on Remaining Businesses TDS will focus strategic efforts on remaining businesses following the conclusion of the Array strategic alternatives review.
Liquidity and Shareholder Value TDS expects opportunities to further invest in remaining businesses, improve liquidity, and return value to shareholders.
TDS Telecom Fiber Investment TDS Telecom strives to drive growth by investing in fiber deployment and expanding value-added bundling services.
Spectrum Transaction Closures Array continues working toward closing spectrum transactions with Verizon, AT&T, and T-Mobile during 2025 and 2026.

Peer Comparison

Revenue (TTM)

Lumen Technologies, Inc.LUMN
$12.69B
-4.6%
Telecom Argentina S.A.TEO
$5.80B
+86.6%
Turkcell Iletisim Hizmetleri A.S.TKC
$5.63B
+43.5%

Gross Margin (Latest Quarter)

VEON Ltd.VEON
90.4%
+2.2pp
PLDT Inc.PHI
86.5%
-1.0pp
Telecom Argentina S.A.TEO
74.5%
+0.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LUMN$8.15B-4.8651.0%52.3%
TEO$4.96B-35.8-3.6%35.1%
TKC$4.95B8.812.4%36.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-37.1%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 20, 2026
|
EPS:$0.22
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $308.52M-74.8%
    |
    EPS: $0.35-147.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $1.19B-4.2%
    |
    EPS: $-0.04-63.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $1.15B-8.6%
    |
    EPS: $-0.09-179.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $4.96B-3.8%
    |
    EPS: $-0.85+83.1%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $1.22B-4.2%
    |
    EPS: $-0.73+356.3%
    Miss
  • Form 10-Q/A - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $1.24B-2.3%
    |
    EPS: $-0.12+578.0%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|Refer to amended data
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $1.26B-3.1%
    |
    EPS: $0.11+0.0%
    Beat