CABO on NYSE

Sparklight

Logo: Cable One, Public domain, via Wikimedia Commons4

American cable company

Cable One, Inc. is an American broadband communications provider.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1997Founded1

Compare with GCI, Liberty Broadband Corp or AMC Global Media, or pick any stock.

  • TickerCABO on NYSE1
  • Industrytelecommunications1
  • HeadquartersPhoenix1
  • Websitewww.sparklight.com
  • Legal formsociété par actions simplifiée1
  • Incorporated inDE5
  • Business address210 E. Earll Drive, Phoenix, Az 850125
  • Filer categoryLarge accelerated filer5

Cable One, Inc. is an American broadband communications provider. Under the Sparklight brand, it provides cable television, internet, and phone services to 24 U.S. states and 1.1 million residential and business customers. It also owns the Fidelity Communications brand, which provides the same services in Arkansas, Louisiana, Missouri, Oklahoma, and Texas. Fidelity was founded in 1940. It is headquartered in Phoenix, Arizona, though it does not serve that metro area.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-13.8%Operating margin7
-23.7%Net margin7
-4.9%Revenue growth, 20257
-24.9%Return on equity7
2.24×Debt to equity7
$278.1MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Residential, Data brought in 59% of the revenue Sparklight broke down this way in fiscal 2025.

  1. Residential, Data$901.7M759%down 3% from 2024
  2. Business Services, Data$229.0M715%up 0% from 2024
  3. Residential, Video$187.1M712%down 16% from 2024
  4. Product and Service, Other$93.7M76%down 6% from 2024
  5. Business Services, Other$63.1M74%down 13% from 2024
  6. Residential, Voice$26.9M72%down 16% from 2024
  7. Fees Imposed by Various Governmental Authorities Passed Through to Customer$16.9M71%down 30% from 2024
Products and services by year
Products and services202320242025
Residential, Data$979.3M$925.9M$901.7M
Business Services, Data$222.4M$228.2M$229.0M
Residential, Video$258.0M$222.0M$187.1M
Product and Service, Other$99.2M$99.2M$93.7M
Business Services, Other$82.1M$72.3M$63.1M
Residential, Voice$37.1M$32.0M$26.9M
Fees Imposed by Various Governmental Authorities Passed Through to Customer$26.9M$24.1M$16.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin25¢$381.1M
  • Other costs69¢$1.0B
  • Income tax6¢$87.9M

Out of $1.5B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending51¢$285.3M
  • Dividends paid3¢$17.2M
  • Kept or used elsewhere46¢$260.8M

Out of $563.3M of cash from operations.7

Financial statements

Revenue8910117$1.5B in 2025+29% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.2B$1.2B20192020: $1.3B$1.3B2020+13%2021: $1.6B$1.6B2021+21%2022: $1.7B$1.7B2022+6%2023: $1.7B$1.7B2023−2%2024: $1.6B$1.6B2024−6%2025: $1.5B$1.5B2025−5%
Operating income8910117-$207.4M in 2025
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2019: $310.5M$310.5M20192020: $469.4M$469.4M2020+51%2021: $456.6M$456.6M2021−3%2022: $539.0M$539.0M2022+18%2023: $526.9M$526.9M2023−2%2024: $441.9M$441.9M2024−16%2025: -$207.4M-$207.4M2025
Net income8910117-$356.5M in 2025
-$400.0M-$200.0M0$200.0M$400.0M2019: $178.6M$178.6M20192020: $304.4M$304.4M2020+70%2021: $291.8M$291.8M2021−4%2022: $213.1M$213.1M2022−27%2023: $224.6M$224.6M2023+5%2024: $14.5M$14.5M2024−94%2025: -$356.5M-$356.5M2025

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenues$1.5B$1.6B$1.7B
Operating (excluding depreciation and amortization)$392.1M$416.8M$440.9M
Selling, general and administrative$381.1M$366.0M$354.7M
Depreciation and amortization$338.5M$341.8M$342.9M
(Gain) loss on asset sales and disposals, net$11.0M$13.1M$12.7M
Asset impairments$586.0M$0$0
Total Costs and Expenses$1.7B$1.1B$1.2B
Income (loss) from operations-$207.4M$441.9M$526.9M
Interest expense, net-$130.0M-$138.0M-$151.6M
Other income (expense), net$30.9M-$59.7M$36.1M
Income (loss) before income taxes and equity method investment income (loss), net-$306.4M$244.2M$411.4M
Income tax (provision) benefit$87.9M-$25.2M-$72.8M
Income before equity method investment income (loss), net-$218.5M$219.0M$338.6M
Equity method investment income (loss), net-$137.9M-$204.5M-$113.9M
Net income (loss)-$356.5M$14.5M$224.6M
Basic (in dollars per share)-$63.21$2.58$39.76
Diluted (in dollars per share)-$63.21$2.57$38.08
Basic (in shares)5.6M shares5.6M shares5.6M shares
Diluted (in shares)5.6M shares5.6M shares6.1M shares
Unrealized gain (loss) on cash flow hedges and other, net of tax-$28.6M$11.4M-$13.3M
Comprehensive income (loss)-$385.1M$25.8M$211.3M

Compare Sparklight with another company

The story

Originally established in 1986 as a subsidiary of the Washington Post Company (now Graham Holdings Company) known as Post-Newsweek Cable, its name was changed to Cable One in 1997.

In June 2015, Graham Holdings Company distributed 100% of Cable One’s common stock to GHC shareholders in a tax-free transaction. Cable One became an independent publicly traded company as Cable One, Inc. and began trading on the New York Stock Exchange under the ticker symbol CABO.

In summer 2019, Cable One rebranded its residential services division as Sparklight, seeking to promote its internet services more than cable TV offerings. Equipment with Cable One branding is still used by existing customers, with new customers receiving equipment with Sparklight branding. Cable One's original URL, cableone.net, redirects to sparklight.com.

Sparklight provides broadband service via cable (DOCSIS) through most of its footprint, and fiber-to-the-home in limited areas.

Sparklight provides phone service plans such as Economy Phone, Standard Phone, and Elite Package with Starter Plan Plus.

Sparklight offers three cable TV plans: Economy Cable TV, Standard Cable TV, and Elite 100 Plus. Cable TV can also be accessed on Apple iPhone, Android, Windows, Roku, Xbox One, Xbox 360, and Nook through Sparklight's TV Everywhere service. Sparklight offers a Digital Value Pack which includes channels such as Red Zone, HBO, and Showtime as add-ons. Cable channels owned by Paramount Global that were owned by Viacom before the merger with CBS Corporation that formed Paramount are notably absent from Cable One's lineup after 2014 due to disagreements between Viacom and Cable One.

In 2020, Cable One announced a new IPTV-based service, Sparklight TV, which was made available to many areas throughout 2021. Existing cable customers are not yet required to transfer to Sparklight TV, but cable through a cable box is no longer offered to new customers.

From Wikipedia’s article on Cable One, shared under CC BY-SA 4.0.6

Former names

  • Cable Oneuntil 20191

Timeline

  1. 1997Founded Founded1

Recent filings

  1. Oct 14, 2026SCHEDULE 13D/A
  2. Oct 2, 20268-K CURRENT REPORT
  3. Sep 22, 20268-K CURRENT REPORT
  4. Sep 4, 2026SCHEDULE 13G/A
  5. Sep 2, 20264
  6. Aug 25, 20263
  7. Aug 14, 20268-K CURRENT REPORT
  8. Aug 14, 2026SCHEDULE 13G/A
  9. Aug 6, 20268-K
  10. Aug 6, 202610-Q
  11. Aug 4, 20264
  12. Jul 31, 2026SCHEDULE 13G/A
  13. Jul 24, 2026SCHEDULE 13G
  14. Jul 9, 20268-K CURRENT REPORT
  15. Jul 8, 2026SCHEDULE 13G/A

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2