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AT&T INC. FY 2025 10-K, explained in plain English

T · 10-K for the period ending December 31, 2025, filed February 9, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$125.6B
Gross margin— not reported
Operating income$24.2B
Net income$22.0B
Diluted EPS$3.04
Cash & equivalents$18.2B
Total assets$420.2B
Long-term debt$134.7B

Key takeaway

AT&T reported full-year 2025 revenue of $125.6 billion and net income of $21.95 billion, with diluted EPS of $3.04.

🔒 4 more takeaways in the full analysis

Beneath the surface

Total debt of $144.3 billion against cash and equivalents of $18.2 billion (plus $587 million in available-for-sale securities) implies a net debt position of roughly $125.5 billion, far above the $134.7 billion headline long-term debt figure alone.

🔒 4 more insights a headline reader would miss

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

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