T-MobileTMUS

美国本土公司向 SEC 提交的年度报告：经审计的全年财务报表，外加业务、风险因素与管理层讨论。

报告期

2025-12-31（财年）

提交日

2026-02-11

SEC 归档号

0001283699-26-000010

营业收入

$883.09亿（同比 +8.5%）

净利润

$109.92亿

经营现金流 - 资本开支

$179.95亿

总资产

$2192.37亿

• 下面的财务数据是 SEC XBRL 里与这份报告「归档号 + 报告期」精确匹配的那一条，不是最新一期的替代值。

这份定期报告本身不含事项编号；下面列出报告期前后 60 天内该公司提交的 8-K。

• 2026-02-19 8-K8.01 其他事项、9.01 财务报表与附件
• 2026-02-11 8-K2.02 经营业绩与财务状况（业绩发布）、9.01 财务报表与附件
• 2026-02-11 8-K7.01 公平披露规则（Reg FD）、9.01 财务报表与附件
• 2026-01-12 8-K8.01 其他事项、9.01 财务报表与附件
• 2026-01-06 8-K1.01 签订重大最终协议、2.03 设立直接财务义务或表外安排下的义务、9.01 财务报表与附件
• 2025-12-11 8-K8.01 其他事项

节选自 SEC 原文的 Risk Factors 章节，未做改写。

节选自 SEC 原文 · 该章节约 71383 字，此处显示前 3000 字

Item 1A. Risk Factors In addition to the other information contained in this Form 10-K, the following risk factors should be considered carefully in evaluating T-Mobile. Our business, financial condition, liquidity, or operating results, as well as the price of our common stock and other securities, could be materially and adversely affected by any of these risks. Risks Related to Our Business We operate in a highly competitive industry. If we are unable to attract and retain customers, our business, financial condition, and operating results could be negatively affected. The telecommunications industry is highly competitive. As the industry reaches saturation, competition in all market segments, including prepaid, postpaid, enterprise and government customers will likely further intensify, putting pressure on pricing and/or margins for us and all our competitors. Our ability to attract and retain customers will depend on multiple factors, such as network quality and capacity, customer service excellence, effective marketing strategies, competitive pricing, compelling value propositions, and distribution and logistics capabilities. Additionally, targeted marketing approaches for a broad spectrum of customer segments, coupled with continuous innovation in products and services, are essential for retaining and expanding our customer base. If we are unable to successfully differentiate our services from those of our competitors, it would adversely affect our competitive position and ability to grow our business. We expect to continue to see intense competition in all market segments from traditional Mobile Network Operators (“MNOs”), such as AT&T and Verizon, who have each invested heavily in spectrum, their wireless networks, and services and device promotions. Numerous other regional MNOs and MVNOs offering wireless services may also compete with us in some markets, including cable providers, such as Comcast, Charter, Cox, and Altice, as they continue to diversify their offerings to include wireless services offered under MVNO agreements. As new products and services emerge, we may also face competition from non-traditional competitors outside the wireless communications services industry, including satellite providers offering connectivity services using alternative technologies. In the market for broadband services, traditional cable providers, AT&T, Verizon, and other players such as satellite and fiber providers, all compete for customers. To complement our fixed wireless service, we have entered into joint venture agreements aimed at establishing a robust fiber wireline network in certain geographic regions that we believe will complement our fixed wireless services in those areas. However, these partnerships also involve inherent risks. See “Any acquisition, investment, joint venture, merger, or divestiture may subject us to significant risks, any of which may harm our business” for further discussion of such risks. If we are unable to compe

在原文里查看该章节