Nuvera Communications, Inc. (NUVR) Form 10-Q — Aug 14, 2026
Nuvera Communications reported Q2 2026 revenue of $17.66 million, down 0.80% year over year, but cut its net loss to $160,770 from $424,040 a year earlier, a 62.09% improvement. First-half net income rose 134.37% to $1.42 million as data service revenue grew 8.02% and depreciation fell after legacy copper plant became fully depreciated in 2025. The fiber pivot is driving the mix shift: data service revenue reached $8.45 million in the quarter, 70.4% of broadband customers are now on fiber, and fiber passings hit 52,858 for 67.8% coverage. Legacy lines keep eroding, with voice revenue down 14.32%, video down 6.29%, and A-CAM/FUSF government subsidies down 12.91% year over year.
Key figures
- Eps
- -0.03 (Q2 2026 basic and diluted)
- Revenue
- 17663242
- Total Debt
- Approx. $146.5 million ($102.7 million variable-rate at 7.27% weighted average plus $43,750,000 swapped at 7.56%)
- Revenue Yoy
- -0.80% (Q2 2026 vs Q2 2025)
- Cash Position
- 281392
- Interest Rate
- 7.27% effective weighted average on variable-rate debt as of June 30, 2026
- Maturity Date
- June 21, 2029
- Shares Outstanding
- 5244006
- Six month eps
- 0.27 basic / 0.26 diluted
- Data customers
- 34681
- Fiber passings
- 52858
- Waived minimum
- 1.75
- Data revenue q2
- 8448818
- Video customers
- -10.36% (6,326 vs 7,057)
- Acam fusf q2 yoy
- -12.91%
- Capex six months
- 12427392
- Aureon sale value
- $1,281,408.88 (238 Class B preferred shares at $788,755.80 plus 61 Class A common shares at $492,653.08, sold July 22, 2026)
- Capital structure
- $241,186,909 total; 40.0% equity / 60.0% debt
- Revolver capacity
- $30.0 million with $27.6 million unused
- Six month revenue
- 36095922
- Fiber coverage pct
- 67.8%
- Max leverage ratio
- 6.00:1.00
- Data revenue q2 yoy
- 8.02%
- Dividends per share
- 0
- Q2 operating income
- 2610630
- Stockholders equity
- 96419937
- Acam fusf six months
- 8024915
- Access line loss ttm
- -14.10% (9,227 vs 10,741)
- Operating income yoy
- 17.04% (Q2); 29.02% (six months)
- Six month net income
- 1417668
- Total leverage ratio
- 4.99
- Video revenue q2 yoy
- -6.29%
- Voice revenue q2 yoy
- -14.32%
- Six month revenue yoy
- 1.14%
- Pct broadband on fiber
- 70.4%
- Working capital surplus
- 11988380
- Debt service coverage ratio
- 1.99
- Covenant minimum before waiver
- 2
- Operating cash flow six months
- 10328787
AI analysis
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