Uniti Group (NASDAQ:UNIT) reported a fourth-quarter net loss of $305.7 million on Monday, reflecting the heavy financial lifting required to complete its massive merger with Windstream.
The Little Rock, Arkansas-based Real Estate Investment Trust (REIT) posted a loss of $1.19 per share for the quarter, even as revenue climbed to $917.3 million following the consolidation of the two telecommunications giants in August 2025.
For the full year 2025, Uniti reported a net profit of $1.3 billion, or $4.87 per share, though this figure was significantly bolstered by a one-time, non-cash gain of approximately $1.68 billion related to the settlement of preexisting relationships during the Windstream transaction.
Total annual revenue reached $2.23 billion.
Despite the quarterly bottom-line loss, the company’s operational metrics showed strong momentum in its "insurgent fiber" strategy.
The Kinetic consumer fiber segment reported a 24% year-over-year increase in revenue, supported by a record 38,000 gross subscriber additions in the fourth quarter.
The company also announced the signing of the largest customer contract in its history—a multi-year agreement with a major hyperscale data center provider.
To stabilize its balance sheet, Uniti recently completed a $960 million fiber asset securitization and a $1 billion senior notes offering.
The company is using these proceeds to refinance higher-cost debt and fund a target of passing 3.5 million homes with fiber by 2029.
Meanwhile, Uniti provided an ambitious outlook for the first full year of combined operations.
The 2026 guidance accounts for an expected interest expense of approximately $775 million as the company manages its $9.5 billion debt load.