NYSE · Financial Statements

Altice USA, Inc. (ATUS) Financial Statements

$1.80 NYSE: ATUS Market Cap $838.28M

Altice USA, Inc. most recently reported annual revenue of $8.6B, a net loss of $1.9B. Revenue declined at an average annual rate of 2.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Altice USA, Inc.: Revenue rose from $6.0B in 2016 to $8.6B in 2025, a change of +42.8% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 7.7% to -1.3%, a shift of -9.0 percentage points; the most recent year shows a net loss of $1.9B.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$6.0B	$9.3B	$9.6B	$9.8B	$9.9B	$10.1B	$9.6B	$9.2B	$9.0B	$8.6B
Operating Expenses	$5.6B	$8.5B	$7.9B	$7.9B	$7.8B	$7.6B	$7.7B	$7.3B	$7.3B	$8.7B
Operating Profit	$463.0M	$841.0M	$1.7B	$1.8B	$2.1B	$2.5B	$1.9B	$1.9B	$1.7B	$-113.0M
Operating Margin	7.7%	9.0%	17.6%	18.7%	21.4%	25.0%	20.0%	20.8%	18.8%	-1.3%
Other Income	$-1.6B	$-2.2B	$-1.7B	$-1.6B	$-1.5B	$-1.2B	$-1.4B	$-1.8B	$-1.8B	$-1.8B
Interest	$0	$0	$0	$1.5B	$1.4B	$1.3B	$1.3B	$1.6B	$1.8B	$1.8B
Depreciation	$1.7B	$2.9B	$2.4B	$2.3B	$2.1B	$1.8B	$1.8B	$1.7B	$1.6B	$1.7B
Profit Before Tax	$-1.1B	$-1.4B	$-18.0M	$187.0M	$583.0M	$1.3B	$517.0M	$119.0M	$-82.0M	$-1.9B
Tax	$23.8M	$209.3M	$214.0M	$25.2M	$24.0M	$22.6M	$57.3M	$33.3M	$4.9M	$3.2M
Net Profit	$-832.0M	$1.5B	$19.0M	$139.0M	$436.0M	$990.0M	$195.0M	$53.0M	$-103.0M	$-1.9B
EPS	$-1.28	$2.15	$0.03	$0.21	$0.75	$2.14	$0.43	$0.12	$-0.22	$-4.00
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26
Revenue	$2.3B	$2.3B	$2.3B	$2.3B	$2.2B	$2.2B	$2.2B	$2.2B	$2.1B	$2.1B	$2.2B	$2.1B
Operating Expenses	$1.8B	$1.8B	$2.0B	$1.9B	$1.7B	$1.8B	$1.9B	$1.8B	$1.8B	$3.3B	$1.8B	$4.4B
Operating Profit	$487.0M	$497.0M	$302.0M	$393.0M	$502.0M	$445.0M	$341.0M	$343.0M	$311.0M	$-1.2B	$398.0M	$-2.4B
Operating Margin	21.0%	21.4%	13.1%	17.5%	22.4%	20.0%	15.3%	16.0%	14.5%	-55.3%	18.2%	-114.3%
Interest	$408.0M	$421.0M	$426.0M	$437.0M	$443.0M	$448.0M	$435.0M	$428.0M	$445.0M	$459.0M	$460.0M	$458.0M
Profit Before Tax	$135.0M	$103.0M	$-181.0M	$-10.0M	$71.0M	$-51.0M	$-92.0M	$-87.0M	$-136.0M	$-1.6B	$-84.0M	$-2.9B
Tax	$36.1M	$26.6M	$37.0M	$-29.3M	$69.3M	$19.5M	$49.9M	$18.3M	$35.1M	$90,000	$-4.9M	$1.3M
Net Profit	$78.0M	$67.0M	$-118.0M	$-21.0M	$15.0M	$-43.0M	$-54.0M	$-76.0M	$-96.0M	$-1.6B	$-71.0M	$-2.9B
EPS	$0.17	$0.15	$-0.26	$-0.05	$0.03	$-0.09	$-0.12	$-0.16	$-0.21	$-3.47	$-0.15	$-6.10

Over the 10 years reported for Altice USA, Inc., borrowings decreased from $24.0B in 2016 to $250.0M in 2025, cash stood at $1.0B in the latest year, shareholders' equity was $5.0M, current assets covered current liabilities 0.56 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$36.5B	$34.8B	$33.6B	$34.1B	$33.4B	$33.2B	$33.7B	$31.9B	$31.7B	$1.2B
Current Assets	$1.7B	$904.0M	$903.0M	$1.4B	$977.0M	$790.0M	$2.6B	$835.0M	$731.0M	$1.2B
Cash	$487.0M	$330.0M	$299.0M	$702.0M	$278.0M	$196.0M	$305.0M	$302.0M	$257.0M	$1.0B
Inventory	$758.0M	$53.0M	$2.0M	$0	$0	$0	$0	$0	$0	$0
Receivables	$372.0M	$391.0M	$466.0M	$464.0M	$447.0M	$407.0M	$367.0M	$358.0M	$333.0M	$336.0M
Fixed Assets	$6.6B	$6.0B	$5.8B	$6.0B	$6.0B	$6.6B	$7.8B	$8.4B	$8.7B	$8.6B
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$6.0M	$1.0M	$1.5B	$1.9B	$2.3B	$2.2B	$0	$113.0M	$8.0M	$0
Other Assets	$8.0B	$8.0B	$8.0B	$8.1B	$8.2B	$8.2B	$8.2B	$8.0B	$8.0B	$8.0B
Total Liabilities	$34.4B	$29.3B	$29.9B	$31.8B	$34.6B	$34.1B	$34.2B	$32.4B	$32.2B	$33.0B
Current Liabilities	$3.7B	$2.5B	$2.0B	$2.0B	$3.1B	$2.7B	$4.0B	$2.3B	$2.3B	$2.1B
Borrowings	$24.0B	$21.9B	$22.8B	$24.7B	$27.0B	$26.8B	$26.8B	$25.3B	$25.3B	$250.0M
Other Liabilities	$10.4B	$7.4B	$7.1B	$7.1B	$7.6B	$7.3B	$7.3B	$7.0B	$6.8B	$32.7B
Equity	$0	$7.0M	$7.0M	$6.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M	$5.0M
Reserves	$2.0B	$5.5B	$3.7B	$2.3B	$-1.1B	$-820.0M	$-475.0M	$-422.0M	$-469.0M	$-2.3B

For Altice USA, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.2B; free cash flow was positive in 10 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$1.2B	$2.0B	$2.5B	$3.0B	$3.0B	$2.9B	$2.4B	$1.8B	$1.6B	$1.2B
Investing Cash Flow	$-10.2B	$-2.0B	$-2.3B	$-2.3B	$-2.3B	$-2.8B	$-3.8B	$-3.4B	$-2.9B	$0
Financing Cash Flow	$1.0B	$-8.0M	$-553.0M	$-3.3B	$-4.0B	$-816.0M	$-8.0M	$-24.0M	$-36.0M	$0
Net Cash Flow	$-8.3B	$-173.0M	$-31.0M	$-423.0M	$-423.0M	$-83.0M	$110.0M	$-3.0M	$-46.0M	$0
Free Cash Flow	$559.0M	$1.1B	$1.4B	$1.9B	$1.9B	$1.6B	$453.0M	$122.0M	$149.0M	$1.2B

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.00
EV / EBITDA	57.52
FCF Yield	-17.56%
Quick Ratio	0.85
Interest Coverage	-0.05
Return 1Y	—
Return 3Y	—
Return 5Y	—

Altice USA, Inc. (ATUS) financials — frequently asked questions

What is Altice USA, Inc.'s annual revenue?

Altice USA, Inc. (ATUS) reported annual revenue of $8.6B in its most recent fiscal year.

What is Altice USA, Inc.'s net profit?

Altice USA, Inc. (ATUS) reported a net loss of $1.9B in its most recent fiscal year.

What is ATUS EV/EBITDA?

Altice USA, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 57.52.

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