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SOUTHERN CO FY 2025 10-K, explained in plain English

SO · 10-K for the period ending December 31, 2025, filed February 19, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$29.6B
Gross margin— not reported
Operating income$7.3B
Net income$4.3B
Diluted EPS$3.92
Cash & equivalents$1.6B
Total assets$155.7B
Long-term debt$65.6B

Key takeaway

Southern Company is investing heavily in new generation and transmission capacity, with Georgia Power alone certified for $19.5 billion of projects to be in service through 2030.

🔒 4 more takeaways in the full analysis

Beneath the surface

Net debt is substantial: with only $1.64 billion in cash against $65.65 billion in long-term debt, Southern carries a heavily leveraged balance sheet typical of regulated utilities but leaving little cushion.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for SO.

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