CABOMEDIUM SIGNALFINANCIAL10-K

CABO shows mixed performance with revenue growth of 17.1% offset by declining operating cash flow and a substantial reduction in dividend payments.

The company appears to be investing in growth while managing cash more conservatively, as evidenced by the sharp 75% reduction in dividends paid alongside revenue expansion. The increase in interest expense and overall debt reduction suggests active capital structure management during a period of business investment.

Comparing 2026-02-26 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

CABO delivered solid revenue growth of 17.1% while operating cash flow declined 15.2%, indicating potential margin pressure or increased investment spending. The balance sheet shows deleveraging with total debt down 11.2% and total assets declining 14.4%, while the company dramatically reduced dividend payments by 75% to preserve cash. Overall, the financial picture suggests a company in transition, prioritizing growth investment and debt reduction over shareholder distributions.

FINANCIAL STATEMENT CHANGES
Dividends Paid
Cash Flow
-74.6%
$67.9M$17.2M

Dividends cut 74.6% — significant signal of cash flow stress or capital reallocation priorities.

Interest Expense
P&L
+23.6%
$137.7M$170.1M

Interest costs rose 23.6% — monitor debt levels and coverage ratio in rising rate environment.

Total Deposits
Balance Sheet
-20.5%
$6.0M$4.8M

Deposit base contracted 20.5% — monitor funding costs and liquidity position carefully.

Stockholders Equity
Balance Sheet
-20.2%
$1.8B$1.4B

Equity decreased 20.2% — buybacks or losses reducing book value, monitor solvency ratios.

Revenue
P&L
+17.1%
$819.6M$960.0M

Revenue growing 17.1% — solid top-line momentum, watch margins for quality of growth.

Accounts Receivable
Balance Sheet
+16.7%
$41.9M$49.0M

Receivables grew 16.7% — monitor days sales outstanding for collection efficiency.

Operating Cash Flow
Cash Flow
-15.2%
$664.1M$563.3M

Operating cash flow softened — monitor whether temporary working capital timing or structural deterioration.

Total Assets
Balance Sheet
-14.4%
$6.5B$5.6B

Total assets contracted 14.4% — asset sales, write-downs, or balance sheet optimization underway.

Total Liabilities
Balance Sheet
-12.2%
$4.7B$4.2B

Liabilities reduced 12.2% — deleveraging improves balance sheet strength and financial flexibility.

Total Debt
Balance Sheet
-11.2%
$3.6B$3.2B

Debt reduced 11.2% — deleveraging strengthens balance sheet and reduces financial risk.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-28
ADDED
There were 5,672,182 shares of the registrant s common stock outstanding as of February 20, 2026.
Through Sparklight , the brand our customers know and trust, we are transforming the future of connectivity with a commitment to innovation, reliability and customer experience.
We serve our customers with technologically advanced fiber-based infrastructure that provides for delivery of a full suite of data, video and voice products.
As of December 31, 2025, approximately 75% of our customers were located in seven states: Arizona, Idaho, Mississippi, Missouri, Oklahoma, South Carolina and Texas.
We provided services to approximately 1.0 million residential and business customers out of approximately 2.9 million passings as of December 31, 2025.
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REMOVED
There were 5,627,529 shares of the registrant s common stock outstanding as of February 21, 2025.
We strive to deliver an effortless experience by offering solutions that make our customers lives easier, and by relating to them personally as our neighbors and local business partners.
Through Sparklight and the associated Cable One family of brands, we are transforming the future of connectivity with a commitment to innovation, reliability and customer experience.
As of December 31, 2024, approximately 74% of our customers were located in seven states: Arizona, Idaho, Mississippi, Missouri, Oklahoma, South Carolina and Texas.
We provided services to approximately 1.1 million residential and business customers out of approximately 2.8 million passings (which we previously referred to as homes passed) as of December 31, 2024.
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