Cable One, Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Cable One reported Q2 2026 revenues of $348.9M (down 8.4% YoY from $381.1M), with residential data down $16.7M (-7.3%) and residential video down $9.7M (-20.1%). Net loss was $1.16B (vs. $438M YoY), primarily driven by non-cash asset impairments of $462.3M ($526M goodwill/franchise write-downs), a $262.3M equity impairment on MBI investment, and a $333M fair value loss on MBI put option. Adjusted EBITDA fell 14.6% to $173.5M; adjusted free cash flow declined 26.2% to $99.5M. The company paid down $62.8M in debt. Customer base contracted 67k (-6.3%) to 993.3k subscribers.
Why this rating
Major non-cash impairments ($1.06B gross) and large equity loss ($262.3M + $333M) on MBI investment exceed 185% of market cap; revenue/EBITDA/FCF declines are material (8-26%); debt covenants at risk. Significant but non-cash charges limit operational damage.
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