Nuvera Communications Inc

nuvera.net

What Do They Do?

Provides broadband and television services to residential and business customers, and network access to other communications carriers.

How Do They Make Money?

Data customers pay monthly for flat-rate Internet service based on speed and features; video and voice subscribers also pay monthly, while Nuvera receives A-CAM/FUSF support.

revenue

Segment	Share	How money arrives
Voice Service Recurring	5.9%	Recurring
Network Access	3.7% FY2022: 7.2%
Video Service [Member} Recurring	16% FY2022: 19%	Recurring
Data Service Recurring	44% FY2022: 41%	Recurring
A-CAM/FUSF	24% FY2022: 18%
Other Non-regulated	6.4%

Who Are Their Customers?

Residential and business customers buy services through Nuvera’s call centers, website and sales representatives; other communications carriers buy access to its local network through the same sales channels.

Do Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$14.1M.

Operating income, FY2025

14% of revenue

▼ 0% vs FY2024 ($9.9M, 14%)

Net income, FY2025

0% of revenue

▲ Now profitable vs FY2024 (−$4.4M, −6%)

Free cash flow, FY2025

−20% of revenue

▼ −60% (Loss) vs FY2024 (−$34.8M, −50%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −1%; vs $17.8M in Q2 FY2025
Net income: ▼ −62% (Loss); vs −$424K in Q2 FY2025

Data Service share of revenue vs 43.9% in Q2 FY2025

Revenue over time

Voice Service Network Access Video Service [Member} Data Service A-CAM/FUSF Other Non-regulated Voice Services Other Non Regulated

$100M$50M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Lumen Technologies, Comcast, and Mediacom

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