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Revenues (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Accounts receivable consists of the following as of:


(Millions)	September 30, 2025		December 31, 2024
Accounts receivable	$	352.9	$	54.0
Less: Allowance for credit losses	7.6		2.5
Accounts receivable, net	$	345.3	$	51.5

Schedule of Allowance for Credit Loss

Activity in the allowance for credit losses consisted of the following:


(Millions)
Balance as of December 31, 2024	$	2.5
Provision for estimated credit losses	6.3
Write-offs, net of recovered accounts	(1.2)
Balance as of September 30, 2025	$	7.6

Schedule of Contract Assets and Contract Liabilities

Contract assets and liabilities from contracts with customers were as follows at:


(Millions)	September 30, 2025		December 31, 2024
Contract assets (a)	$	63.6	$	—
Contract liabilities (b)	$	173.1	$	10.0

(a)Included $33.3 million in other current assets and $30.3 million in other assets as of September 30, 2025.

(b)Included $110.8 million and $2.7 million in current deferred revenue and $62.3 million and $7.3 million in noncurrent deferred revenue as of September 30, 2025 and December 31, 2024, respectively.


	Three Months Ended September 30,				Nine Months Ended September 30,
(Millions)	2025		2024		2025		2024
Revenues recognized included in the opening contract liability balance	$	0.8	$	0.8	$	3.6	$	3.4

Schedule of Disaggregation of Revenue

Revenues disaggregated by category were as follows:


	Three Months Ended September 30, 2025
(Millions)	Kinetic		Uniti Solutions		Fiber Infrastructure		Total
Category:
Consumer:
Fiber subscriber	$	77.7	$	—	$	—	$	77.7
DSL subscriber and other	102.7		—		—		102.7
Uniti Solutions:
Managed services	—		121.7		—		121.7
TDM	—		8.7		—		8.7
Business services	66.4		—		—		66.4
Switched access	2.2		—		—		2.2
Uniti Fiber	—		—		55.7		55.7
Wholesale	54.8		—		46.0		100.8
Total service revenues accounted for under ASC 606	303.8		130.4		101.7		535.9
Sales revenues	11.7		0.4		1.6		13.7
Total revenues and sales accounted for under ASC 606	315.5		130.8		103.3		549.6
Operating lease income	17.7		0.1		106.7		124.5
Other service and sales revenues (a)	27.1		4.8		16.6		48.5
Total revenues and sales	$	360.3	$	135.7	$	226.6	$	722.6


	Nine Months Ended September 30, 2025
(Millions)	Kinetic		Uniti Solutions		Fiber Infrastructure		Total
Category:
Consumer:
Fiber subscriber	$	77.7	$	—	$	—	$	77.7
DSL subscriber and other	102.7		—		—		102.7
Uniti Solutions:
Managed services	—		121.7		—		121.7
TDM	—		8.7		—		8.7
Business services	66.4		—		—		66.4
Switched access	2.2		—		—		2.2
Uniti Fiber	—		—		167.0		167.0
Wholesale	54.8		—		48.9		103.7
Total service revenues accounted for under ASC 606	303.8		130.4		215.9		650.1
Sales revenues	11.7		0.4		7.0		19.1
Total revenues and sales accounted for under ASC 606	315.5		130.8		222.9		669.2
Operating lease income	17.7		0.1		579.2		597.0
Other service and sales revenues (a)	27.1		4.8		19.2		51.1
Total revenues and sales	$	360.3	$	135.7	$	821.3	$	1,317.3


	Three Months Ended September 30, 2024
(Millions)	Kinetic		Uniti Solutions		Fiber Infrastructure		Total
Category:
Consumer:
Fiber subscriber	$	—	$	—	$	—	$	—
DSL subscriber and other	—		—		—		—
Uniti Solutions:
Managed services	—		—		—		—
TDM	—		—		—		—
Business services	—		—		—		—
Switched access	—		—		—		—
Uniti Fiber	—		—		54.7		54.7
Wholesale	—		—		1.9		1.9
Total service revenues accounted for under ASC 606	—		—		56.6		56.6
Sales revenues	—		—		1.7		1.7
Total revenues and sales accounted for under ASC 606	—		—		58.3		58.3
Operating lease income	—		—		230.9		230.9
Other service and sales revenues (a)	—		—		3.0		3.0
Total revenues and sales	$	—	$	—	$	292.2	$	292.2


	Nine Months Ended September 30, 2024
(Millions)	Kinetic		Uniti Solutions		Fiber Infrastructure		Total
Category:
Consumer:
Fiber subscriber	$	—	$	—	$	—	$	—
DSL subscriber and other	—		—		—		—
Uniti Solutions:
Managed services	—		—		—		—
TDM	—		—		—		—
Business services	—		—		—		—
Switched access	—		—		—		—
Uniti Fiber	—		—		167.6		167.6
Wholesale	—		—		5.1		5.1
Total service revenues accounted for under ASC 606	—		—		172.7		172.7
Sales revenues	—		—		9.5		9.5
Total revenues and sales accounted for under ASC 606	—		—		182.2		182.2
Operating lease income	—		—		688.4		688.4
Other service and sales revenues (a)	—		—		3.0		3.0
Total revenues and sales	$	—	$	—	$	873.6	$	873.6

(a)Other service and sales revenues primarily consist of end user surcharges, funding from the RDOF and state USF, and revenues from sales-type leases.

Schedule of Deferred Contract Acquisition and Fulfillment Costs

The following table presents the deferred contract acquisition and fulfillment costs as of:


(Millions)	September 30, 2025		December 31, 2024
Deferred Contract Acquisition Costs:
Prepaid expenses	$	5.8	$	4.1
Other assets	10.6		6.8
Total deferred contract acquisition costs	$	16.4	$	10.9
Deferred Contract Fulfillment Costs:
Prepaid expenses	$	1.1	$	—
Other assets	2.6		—
Total deferred contract fulfillment costs	$	3.7	$	—