AT&T (T) 10-K Summary — Year Ended Dec 31, 2025
AT&T Inc. is a Delaware holding company that files required reports with the SEC and makes them available on its website. The filing covers the company's business, risk factors, management discussion, and liquidity and capital resources.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
AT&T Inc. is a Delaware holding company that files required reports with the SEC and makes them available on its website. The filing covers the company's business, risk factors, management discussion, and liquidity and capital resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$125.6B
Revenue reported for the fiscal year.
Operating income
$24.2B
Income from operations reported for the year.
Net income
$22B
Net income reported for the year.
Operating cash flow
$40.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $30.4B | +1.4% |
| Dec 31, 2023 | $122.4B | +303.4% |
| Dec 31, 2024 | $122.3B | -0.1% |
| Dec 31, 2025 | $125.6B | +2.7% |
Business overview
AT&T is a holding company incorporated in Delaware in 1983, with principal executive offices in Dallas, Texas. The company files electronically with the SEC required reports including Form 10-K, Form 10-Q, and Form 8-K, and makes these reports available on its website. It also provides its Code of Ethics, Corporate Governance Guidelines, and committee charters upon request.
Financial performance
Revenue increased compared to the prior period. Operating income and net income were reported for the period. Cash provided by operating activities was the primary source of cash inflows.
Material risks
The filing includes a section on risk factors, though the specific risks are not detailed in the supplied context. The company notes that cash held outside the United States may be subject to restrictions on repatriation. The filing also references cybersecurity as a topic, but no specific risks are described.
Liquidity and capital
Cash and cash equivalents increased, with cash inflows primarily from operations, sale and transfer of receivables, and disposition of an investment. These inflows were used to fund capital improvements, pay dividends, repurchase stock, and repay long-term debt.
What to watch
Monitor the consummation of announced transactions, as the company noted elevated cash balances in anticipation of these events.