T-Mobile US, Inc. SEC 10-Q Report

T-Mobile US, Inc., a leading telecommunications company, has released its Form 10-Q report for the second quarter of 2025. The report showcases the company's robust financial performance and significant operational achievements, underscoring its strategic initiatives and market expansion efforts.

Financial Highlights

• Total Revenues: $21,132 million, reflecting a growth driven by increased postpaid and equipment revenues.
• Operating Income: $5,213 million, indicating improved operational efficiency and cost management.
• Net Income: $3,222 million, showcasing strong profitability and effective cost control measures.
• Basic EPS: $2.84, demonstrating a solid earnings performance per share.
• Diluted EPS: $2.84, consistent with basic EPS, indicating minimal dilution impact.

Business Highlights

• Revenue Segments: T-Mobile's postpaid service revenues, which include postpaid phone revenues and postpaid other revenues, showed significant growth. Postpaid phone revenues increased to $12,119 million for the three months ended June 30, 2025, compared to $11,310 million in the same period in 2024. Postpaid other revenues also rose to $1,959 million from $1,589 million, indicating strong performance in this customer segment.
• Customer Segments: The company continues to focus on three primary customer categories: postpaid, prepaid, and wholesale. Postpaid customers, who pay after receiving services, remain a key revenue driver, while prepaid customers pay in advance. Wholesale customers include Machine-to-Machine and Mobile Virtual Network Operator customers.
• New Acquisitions: T-Mobile completed the acquisition of Ka’ena Corporation, including Mint Mobile LLC, on May 1, 2024. This acquisition is expected to enhance customer growth and service revenues. Additionally, the acquisition of Vistar Media Inc. was completed on February 3, 2025, further expanding T-Mobile's capabilities in digital-out-of-home advertisements.
• Joint Ventures: T-Mobile entered into a joint venture with EQT Infrastructure VI to acquire Lumos, a fiber-to-the-home platform, on April 1, 2025. This venture aims to expand T-Mobile's fiber customer base and enhance its service offerings.
• Future Outlook: T-Mobile is set to close the acquisition of UScellular's wireless operations on August 1, 2025, which will include a 15-year master license agreement to lease space on towers retained by UScellular. This acquisition is expected to further consolidate T-Mobile's market position and expand its network capabilities.
• Spectrum Transactions: T-Mobile completed the sale of a portion of its 3.45 GHz spectrum licenses for $2.0 billion on April 30, 2025, and entered into a License and Unit Purchase Agreement with Grain Management, LLC to sell its 800 MHz spectrum licenses. These transactions are part of T-Mobile's strategy to optimize its spectrum portfolio.
• Contract Costs: The balance of deferred incremental costs to obtain contracts with customers was $1.9 billion as of June 30, 2025. These costs are amortized over a period of 24 months, reflecting T-Mobile's investment in customer acquisition and retention strategies.

SEC Filing: T-Mobile US, Inc. [ TMUS ] - 10-Q - Jul. 23, 2025