Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 1-33409

T-Mobile Logo_03_2023.jpg

T-MOBILE US, INC.

(Exact name of registrant as specified in its charter)

Delaware20-0836269
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

12920 SE 38th Street

Bellevue, Washington

(Address of principal executive offices)

98006-1350

(Zip Code)

(425)378-4000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.00001 per shareTMUSThe NASDAQ Stock Market LLC
3.550% Senior Notes due 2029TMUS29The NASDAQ Stock Market LLC
3.700% Senior Notes due 2032TMUS32The NASDAQ Stock Market LLC
3.150% Senior Notes due 2032TMUS32AThe NASDAQ Stock Market LLC
3.850% Senior Notes due 2036TMUS36The NASDAQ Stock Market LLC
3.500% Senior Notes due 2037TMUS37The NASDAQ Stock Market LLC
3.800% Senior Notes due 2045TMUS45The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

ClassShares Outstanding as of July 18, 2025
Common Stock, par value $0.00001 per share1,125,419,038

T-Mobile US, Inc.

Form 10-Q

For the Quarter Ended June 30, 2025

Table of Contents

PART I. FINANCIAL INFORMATION
Item 1.Financial Statements3
Condensed Consolidated Balance Sheets3
Condensed Consolidated Statements of Comprehensive Income4
Condensed Consolidated Statements of Cash Flows5
Condensed Consolidated Statement of Stockholders’ Equity6
Notes to the Condensed Consolidated Financial Statements9
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations35
Item 3.Quantitative and Qualitative Disclosures About Market Risk58
Item 4.Controls and Procedures58
PART II. OTHER INFORMATION
Item 1.Legal Proceedings60
Item 1A.Risk Factors60
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds62
Item 3.Defaults Upon Senior Securities62
Item 4.Mine Safety Disclosures62
Item 5.Other Information62
Item 6.Exhibits63
Signatures64

Index for Notes to the Condensed Consolidated Financial Statements

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements