Cable One, Inc.

Snapshot

Cable One is a shrinking cable and broadband provider: FY 2025 revenue fell 4.9% to $1.50B, and it posted a $356.5M net loss, mostly from non-cash impairments tied to a pending acquisition.

What's Happening Right Now

• Thu 15th Oct '26 · Ownership: Major holder Donald E. Graham disclosed a 6.88% stake on Oct 14, 2026 and stated intent to sell some or all of it; his trusts already sold roughly 77,500 shares on Oct 13-14 at prices between $9.00 and $13.02.
• Mon 12th Oct '26 · Legal/TRO: On Oct 9, 2026, a federal court issued a restraining order blocking Cable One's purchase of the remaining 55% of Mega Broadband after lender CoBank sued alleging the deal would be a fraudulent transfer; Cable One disputes the claims and says financing talks with GTCR and lenders to address $2.45B of obligations are advancing but unsigned.
• Tue 22nd Sep '26 · Financing: Cable One drew $700M of its $1.25B revolver on Sep 17-18, 2026 to boost cash on hand and preserve flexibility ahead of the Mega Broadband funding needs.
• Wed 9th Sep '26 · Earnings: Cable One's Q2 2026 10-Q showed revenue down 8.4% YoY and a $1.16B net loss driven by $597.7M of impairments plus losses tied to the Mega Broadband equity stake and put option; stockholders' equity fell to $326.4M from $1.43B at year-end 2025.
• Fri 14th Aug '26 · Leadership: Cable One named Heather McCallion as Chief Operating Officer effective Aug 24, 2026, to lead operational strategy as the company works to stabilize its customer base.