What is Telephone and Data Systems's net debt?

Telephone and Data Systems (TDS) reported net debt of -$115.87M in Q1 2026.

How has Telephone and Data Systems's net debt changed year-over-year?

Telephone and Data Systems's net debt decreased by 102.5% year-over-year, from $4.72B to -$115.87M.

What is the long-term trend for Telephone and Data Systems's net debt?

Over 5 years (2020 to 2025), Telephone and Data Systems's net debt has grown at a -26.9% compound annual growth rate (CAGR), from $3.06B to $639.56M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Telephone and Data Systems TDS Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Hannon Armstrong Sustainable Infrastructure CapitalHASI

0.5×+0.4×

Moelis & CompanyMC

0.7×-0.1×

Other financials

Income statement

See full

Revenue$309.5M+6.5%

Operating income$143.8M+524%

Net income$144.6M+1,836%

EPS (diluted)$1.09+1,311%

Balance sheet

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Cash & equivalents$1.4B+269%

Total debt$1.3B-75.4%

Total equity$4.9B-3.0%

Total assets$8.2B+2.2%

Cash flow

See full

Operating cash flow$67.5M-63.7%

CapEx$149.0M+131%

Free cash flow-$81.6M-167%

Valuation

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Market cap$4.51B+7.9%

Enterprise value$4.39B-49.0%

P/E32.6×—

P/S2.1×+0.2×

Profitability

See full

Gross margin77.2%—

Operating margin3.8%+2.1pp

Net margin6.5%—

FCF margin44.1%—

Returns & leverage

See full

Return on equity2.8%—

Debt / equity0.3×-0.7×

Current ratio3.4×+1.7×

Where this comes from

Calculated from Telephone and Data Systems’s reported figures.

$1.3Btotal debt−$1.4Bcash and equivalents=-$115.87M

The official record: Telephone and Data Systems’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Telephone and Data Systems's net debt?: Telephone and Data Systems (TDS) reported net debt of -$115.87M in Q1 2026.
How has Telephone and Data Systems's net debt changed year-over-year?: Telephone and Data Systems's net debt decreased by 102.5% year-over-year, from $4.72B to -$115.87M.
What is the long-term trend for Telephone and Data Systems's net debt?: Over 5 years (2020 to 2025), Telephone and Data Systems's net debt has grown at a -26.9% compound annual growth rate (CAGR), from $3.06B to $639.56M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.