Optimum Communications, Inc. (OPTU) Balance Sheet
OPTU balance sheet, 2025
December 31, 2025 · U.S. dollars$30.70B assets = $33.00B liabilities + −$2.29B equity
Liabilities exceed assets: shareholders’ equity is negative (−$2.29B).
Both columns are drawn to the same scale: what OPTU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPTU financial health
Descriptive bands, not a rating. Fiscal 2025.
OPTU balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $36.47B2016 | $30.70B2025 | −1.9%/yr | |
| Total liabilities | $34.44B2016 | $33.00B2025 | −0.5%/yr | |
| Shareholders’ equity | $2.03B2016 | −$2.31B2025 | — | |
| Cash & short-term investments | $486.8M2016 | $1.12B2025 | +9.7%/yr | |
| Total debt | $24.03B2016 | $26.50B2025 | +1.1%/yr | |
| Net cash (debt) | −$23.54B2016 | −$25.38B2025 | −$1.8B | |
| Working capital | −$2.00B2016 | −$406.2M2025 | +$1.6B | |
| Book value per share | $2.752016 | −$4.952025 | — | |
| Current ratio | 0.462016 | 0.802025 | +0.34 | |
| Debt / equity | 11.842016 | 10.882019 | −0.96 | |
| Shares outstanding | 737.1M2016 | 467.8M2025 | −4.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPTU assets
OPTU liabilities and equity
OPTU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPTU balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.12B | $256.5M | $302.1M | $305.5M | $195.7M | $278.4M | $701.9M | $298.8M | $329.8M | $486.8M |
| Cash & equivalents | $1.12B | $256.5M | $302.1M | $305.5M | $195.7M | $278.4M | $701.9M | $298.8M | $329.8M | $486.8M |
| Receivables | $336.3M | $332.6M | $358.0M | $366.6M | $407.0M | $446.8M | $463.9M | $466.0M | $390.5M | $371.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.2M | $52.8M | $758.2M |
| Other current assets | $188.9M | $141.9M | $174.7M | $1.90B | $187.0M | $251.3M | $215.6M | $136.3M | $130.4M | $88.2M |
| Total current assets | $1.64B | $731.0M | $834.8M | $2.57B | $789.6M | $976.6M | $1.38B | $903.3M | $903.6M | $1.70B |
| Property, plant & equipment (net) | $8.60B | $8.66B | $8.37B | $7.75B | $6.56B | $6.05B | $6.03B | $5.83B | $6.02B | $6.60B |
| Goodwill & intangible assets | $20.34B | $22.21B | $22.52B | $23.09B | $23.62B | $24.01B | $24.64B | $25.23B | $26.11B | $27.37B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $120.3M | $94.4M | $195.1M | $259.7M | $2.24B | $2.34B | $2.05B | $1.66B | $1.78B | $806.3M |
| Total assets | $30.70B | $31.70B | $31.92B | $33.66B | $33.22B | $33.38B | $34.11B | $33.61B | $34.81B | $36.47B |
| Liabilities | ||||||||||
| Accounts payable | $816.9M | $971.5M | $937.0M | $1.21B | $1.02B | $795.6M | $799.6M | $857.5M | $795.1M | $705.7M |
| Short-term debt | $100.4M | $185.5M | $359.4M | $2.08B | $917.3M | $1.25B | $170.7M | $158.6M | $593.4M | $1.60B |
| Deferred revenue | $147.1M | $74.2M | $85.0M | $80.6M | $94.9M | $109.8M | $124.8M | $140.1M | $111.2M | $94.8M |
| Total current liabilities | $2.05B | $2.25B | $2.31B | $4.04B | $2.74B | $3.10B | $1.98B | $2.02B | $2.52B | $3.70B |
| Long-term debt | $26.15B | $24.80B | $24.61B | $24.40B | $25.52B | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $250.4M | $400.5M | $493.0M | $504.8M | $456.0M | — | — | — | — | — |
| Other long-term liabilities | $4.80B | $5.10B | $5.44B | $5.73B | $5.83B | $31.48B | $29.85B | $27.91B | $26.79B | $30.74B |
| Total liabilities | $33.00B | $32.16B | $32.36B | $34.17B | $34.09B | $34.58B | $31.83B | $29.93B | $29.31B | $34.44B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.7M | $4.6M | $4.6M | $4.6M | $4.5M | $4.8M | $6.4M | $7.1M | $7.4M | — |
| Retained earnings (deficit) | −$2.57B | −$704.0M | −$601.1M | −$654.3M | −$848.8M | −$985.6M | $390.8M | $251.8M | $840.6M | −$976.0M |
| Accumulated other comprehensive income | $1.6M | −$3.8M | −$12.9M | −$8.2M | $6.5M | $3.6M | −$3.2M | −$11.8M | −$10.0M | $2.0M |
| Minority interest | $21.9M | $12.4M | −$12.2M | −$28.7M | — | — | — | — | — | — |
| Total shareholders' equity | −$2.31B | −$469.2M | −$422.2M | −$475.2M | −$819.8M | −$1.14B | $2.27B | $3.67B | $5.50B | $2.03B |
| Key figures | ||||||||||
| Total debt | $26.50B | $25.31B | $25.34B | $26.85B | $26.78B | $26.98B | $24.69B | $22.81B | $21.94B | $24.03B |
| Net cash (debt) | −$25.38B | −$25.06B | −$25.04B | −$26.54B | −$26.59B | −$26.70B | −$23.99B | −$22.51B | −$21.61B | −$23.54B |
| Working capital | −$406.2M | −$1.52B | −$1.47B | −$1.47B | −$1.95B | −$2.12B | −$597.1M | −$1.12B | −$1.62B | −$2.00B |
| Tangible book value | −$22.66B | −$22.68B | −$22.94B | −$23.56B | −$24.44B | −$25.15B | −$22.37B | −$21.55B | −$20.60B | −$25.34B |
| Book value per share | −$4.95 | −$1.02 | −$0.93 | −$1.05 | −$1.77 | −$1.95 | $3.43 | $5.03 | $7.91 | $2.75 |
| Shares outstanding | 467.8M | 461.5M | 455.0M | 453.3M | 462.3M | 583.7M | 662.5M | 730.1M | 696.1M | 737.1M |
| Current ratio | 0.80 | 0.32 | 0.36 | 0.64 | 0.29 | 0.32 | 0.70 | 0.45 | 0.36 | 0.46 |
| Quick ratio | 0.71 | 0.26 | 0.29 | 0.17 | 0.22 | 0.23 | 0.59 | 0.38 | 0.29 | 0.23 |
| Debt / equity | — | — | — | — | — | — | 10.88 | 6.21 | 3.99 | 11.84 |
| Equity / assets | −7.5% | −1.5% | −1.3% | −1.4% | −2.5% | −3.4% | 6.7% | 10.9% | 15.8% | 5.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.30B | $1.05B | $1.12B | $938.8M | $247.3M | $279.1M | $256.5M | $250.0M | $362.1M | $284.4M | $302.1M | $268.4M |
| Cash & equivalents | $1.30B | $1.05B | $1.12B | $938.8M | $247.3M | $279.1M | $256.5M | $250.0M | $362.1M | $284.4M | $302.1M | $268.4M |
| Receivables | $310.5M | $301.3M | $336.3M | $328.2M | $299.6M | $299.4M | $332.6M | $316.5M | $320.3M | $314.7M | $358.0M | $333.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $330.3M | $324.2M | $188.9M | $255.3M | $192.4M | $190.8M | $141.9M | $298.9M | $325.9M | $309.8M | $174.7M | $199.4M |
| Total current assets | $1.94B | $1.67B | $1.64B | $1.52B | $739.3M | $769.3M | $731.0M | $865.3M | $1.01B | $908.9M | $834.8M | $801.1M |
| Property, plant & equipment (net) | $8.48B | $8.51B | $8.60B | $8.68B | $8.71B | $8.68B | $8.66B | $8.58B | $8.49B | $8.44B | $8.37B | $8.36B |
| Goodwill & intangible assets | $17.52B | $17.58B | $20.34B | $20.41B | $22.07B | $22.14B | $22.21B | $22.30B | $22.36B | $22.44B | $22.52B | $22.78B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $139.8M | $106.7M | $120.3M | $123.1M | $99.4M | $96.1M | $94.4M | $88.4M | $159.6M | $159.1M | $195.1M | $268.1M |
| Total assets | $28.08B | $27.87B | $30.70B | $30.73B | $31.62B | $31.68B | $31.70B | $31.83B | $32.02B | $31.95B | $31.92B | $32.21B |
| Liabilities | ||||||||||||
| Accounts payable | $782.7M | $798.7M | $816.9M | $775.7M | $925.0M | $942.7M | $971.5M | $1.02B | $966.7M | $963.2M | $937.0M | $996.7M |
| Short-term debt | $4.15B | $55.1M | $100.4M | $95.2M | $72.2M | $145.6M | $185.5M | $273.8M | $316.8M | $344.1M | $359.4M | $1.12B |
| Deferred revenue | $183.9M | $166.7M | $147.1M | — | $104.3M | $100.4M | $74.2M | $85.3M | $76.9M | $87.3M | $85.0M | $85.9M |
| Total current liabilities | $6.07B | $1.97B | $2.05B | $1.98B | $2.24B | $2.15B | $2.25B | $2.13B | $2.19B | $2.24B | $2.31B | $3.13B |
| Long-term debt | $22.40B | $26.39B | $26.15B | $26.07B | $25.16B | $25.09B | $24.80B | $24.71B | $0 | $0 | $0 | $0 |
| Lease obligations | $232.9M | $244.5M | $250.4M | $344.1M | $332.6M | $396.8M | $400.5M | $401.9M | — | — | — | — |
| Other long-term liabilities | $5.12B | $4.68B | $4.80B | $4.92B | $4.84B | $4.96B | $5.10B | $5.42B | $30.22B | $30.14B | $30.05B | $29.40B |
| Total liabilities | $33.59B | $33.04B | $33.00B | $32.97B | $32.24B | $32.21B | $32.16B | $32.26B | $32.41B | $32.38B | $32.36B | $32.53B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.8M | $4.8M | $4.7M | $4.7M | $4.7M | $4.7M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.5M |
| Retained earnings (deficit) | −$5.75B | −$5.46B | −$2.57B | −$2.50B | −$875.9M | −$779.7M | −$704.0M | −$649.9M | −$606.9M | −$622.3M | −$601.1M | −$483.3M |
| Accumulated other comprehensive income | $7.2M | $2.0M | $1.6M | −$1.4M | −$772,000 | −$5.0M | −$3.8M | −$7.3M | −$6.8M | −$9.2M | −$12.9M | −$2.5M |
| Minority interest | $38.7M | $29.0M | $21.9M | $2.6M | −$1.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$5.55B | −$5.20B | −$2.31B | −$2.24B | −$624.1M | −$543.0M | −$469.2M | −$427.1M | −$399.1M | −$431.2M | −$422.2M | −$305.1M |
| Key figures | ||||||||||||
| Total debt | $26.78B | $26.69B | $26.50B | $26.49B | $25.55B | $25.56B | $25.31B | $25.30B | $25.46B | $25.32B | $25.34B | $25.39B |
| Net cash (debt) | −$25.49B | −$25.64B | −$25.38B | −$25.56B | −$25.30B | −$25.28B | −$25.06B | −$25.05B | −$25.09B | −$25.03B | −$25.04B | −$25.12B |
| Working capital | −$4.13B | −$296.8M | −$406.2M | −$456.2M | −$1.50B | −$1.39B | −$1.52B | −$1.26B | −$1.18B | −$1.33B | −$1.47B | −$2.33B |
| Tangible book value | −$23.07B | −$22.78B | −$22.66B | −$22.65B | −$22.69B | −$22.68B | −$22.68B | −$22.72B | −$22.76B | −$22.87B | −$22.94B | −$23.09B |
| Book value per share | −$12.45 | −$11.01 | −$4.95 | −$4.78 | −$1.33 | −$1.17 | −$1.02 | −$0.93 | −$0.87 | −$0.94 | −$0.93 | −$0.67 |
| Shares outstanding | 445.7M | 472.4M | 467.8M | 468.7M | 467.7M | 464.9M | 461.5M | 460.6M | 460.0M | 457.4M | 454.8M | 455.1M |
| Current ratio | 0.32 | 0.85 | 0.80 | 0.77 | 0.33 | 0.36 | 0.32 | 0.41 | 0.46 | 0.41 | 0.36 | 0.26 |
| Quick ratio | 0.26 | 0.68 | 0.71 | 0.64 | 0.24 | 0.27 | 0.26 | 0.27 | 0.31 | 0.27 | 0.29 | 0.19 |
| Equity / assets | −19.8% | −18.7% | −7.5% | −7.3% | −2.0% | −1.7% | −1.5% | −1.3% | −1.2% | −1.3% | −1.3% | −0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
OPTU financial position
At the end of fiscal 2025 (December 31, 2025), Optimum Communications had total assets of $30.7 billion (down 3.1% from a year earlier), total liabilities of $33.0 billion and shareholders' equity of -$2.3 billion. It held $1.1 billion in cash and short-term investments against $26.5 billion of debt, net debt of $25.4 billion. Its current ratio was 0.80. In the latest quarter (ended June 30, 2026) total assets were $28.1 billion and equity -$5.5 billion.
Related: OPTU income statement, OPTU cash flow statement, OPTU key metrics. See the OPTU stock overview for the latest quote and news.
OPTU balance sheet FAQ
What are Optimum Communications's total assets?
Optimum Communications reported total assets of $30.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $31.7 billion a year earlier.
How much debt does Optimum Communications have?
Optimum Communications had $26.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Optimum Communications have?
Optimum Communications held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $26.5 billion of debt that is net debt of $25.4 billion.
What is Optimum Communications's book value?
Optimum Communications's shareholders' equity (book value) was -$2.3 billion at the end of fiscal 2025, or −$4.95 per share.
What is Optimum Communications's current ratio?
Optimum Communications had current assets of $1.6 billion and current liabilities of $2.1 billion, a current ratio of 0.80 (current liabilities exceed current assets).
How much goodwill does Optimum Communications have?
Optimum Communications carried $20.3 billion of goodwill and intangible assets, 66.3% of total assets, at the end of fiscal 2025.