10-K · February 26, 2026
Cable One (Sparklight) emphasizes a strategic shift toward higher‑margin residential data and business data, investing in network capacity (multi‑Gig, DOCSIS 4.0) and focusing capital spending on infrastructure.…
Earnings analysis · 10-Q
CABO earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Cable One, Inc. reported Q1 2026 results showing a revenue decline of 7.3% to $352.9 million and an EPS of $6.12, significantly below the estimated EPS of $9.74. However, net income increased to $35.8 million from $2.6…
Read full summary
Cable One, Inc. reported Q1 2026 results showing a revenue decline of 7.3% to $352.9 million and an EPS of $6.12, significantly below the estimated EPS of $9.74. However, net income increased to $35.8 million from $2.6 million year-on-year due to a gain from the sale of fiber-to-the-tower contract rights.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $6.12
What stood out
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Revenue Decline
Revenues decreased by $27.6 million or 7.3% from Q1 2025, from $380.6 million to $352.9 million.
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Net Income Surge
Net income dramatically increased from $2.6 million in Q1 2025 to $35.8 million in Q1 2026, reflecting growth of $33.2 million.
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Operating Cash Flow Stability
Operating cash flows improved slightly from $116.3 million in Q1 2025 to $118.2 million in Q1 2026, up by 1.6%.
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Cash Position Increased
Cash and cash equivalents rose from $149.1 million at the end of Q1 2025 to $165.6 million by Q1 2026, reflecting an increase of $16.5 million.
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Cost Control
Total costs dropped by $18.6 million or 6.5% year-over-year, from $284.9 million to $266.4 million.
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Interest Expense Decrease
Interest expense decreased from $34.5 million in Q1 2025 to $30.3 million in Q1 2026, a reduction of 12.2%.
What to watch
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Missed Revenue Estimates
Actual revenue of $352.9 million fell short of the estimate of $359.6 million, a surprise of -1.9%.
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Declining Subscriber Numbers
Residential data subscribers decreased by 6.1%, from 945,000 in Q1 2025 to 887,000 in Q1 2026.
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Shortfall in EPS Expectations
EPS of $6.12 was significantly below the estimated EPS of $9.74, resulting in a surprise of -37.2%.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · August 1, 2025
Cable One reported Q2 2025 revenue of $381.1M, down 3.4% from $394.5M in Q2 2024 and essentially flat versus Q1 2025. The company recorded a $586.0M asset impairment that drove an operating loss of $489.3M and a net…
10-Q · May 2, 2025
Cable One reported Q1 2025 revenue of $380.6M, down from $404.3M a year earlier (‑$23.7M, ‑5.9%), with operating income shrinking to $95.7M from $119.9M and operating margin declining ~4.6pp to ~25.1%. Diluted EPS…
10-Q · May 3, 2024
Cable One reported Q1 revenue of $404.312M, down $17.582M vs Q1 2023, with income from operations of $119.862M (operating margin ~29.6%) and diluted EPS of $8.11 (down from $9.62). Operating cash flow remained strong at…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.