TEO

MKT CAP:$5B

Telecom Argentina S.A.

Market Cap

$5B

Communication Services·Telecommunications Services·🇦🇷 Argentina·NYSE

Communication·Telecommunications·🇦🇷·NYSE

Stock Price

$11.51-$0.03 (-0.26%)

Apr 24, 2026

Company Details

Telecom Argentina S.A., together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone servi...

CEO

Roberto Daniel Nóbile

IPO Date

Dec 9, 1994

Website

institucional.telecom.com.ar

Key Metrics TTM

Revenue

$3.6B

+5690.3% YoY

Net Income

$10M

EPS (Diluted)

$0.02

Free Cash Flow

$313M

Revenue / Share

$8.29

Gross Margin

49.0%

Operating Margin

3.1%

Net Margin

0.3%

FCF Margin

8.8%

P/S

1.4x

P/E

488.6x

Earnings Reports

Q1 2026

May 11, 2026

PENDING

FY 2025

Mar 11, 2026

$6.7BEPS -$0.33

Q4 2025

Mar 11, 2026

$2.0BEPS $0.20

Q2 2025

Aug 12, 2025

$1.4BEPS -$0.30

FY 2023

Mar 21, 2024

$1.5BEPS -$0.94

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 16	$9M	$7M	$1M
Q4 16	$10M	$8M	$2M
Q1 17	$7M	$5M	$2M
Q1 18	$35M	$27M	$7M
Q4 18	$49M	$36M	$946.2K
Q1 22	$173M	$129M	$2M
Q2 25	$1.4B	$1.0B	$41M
Q4 25	$2.0B	$541M	$66M

Valuation

Quarter	P/S	P/E
Q2 16	—	—
Q4 16	—	—
Q1 17	—	—
Q1 18	215.9x	1187.6x
Q4 18	65.9x	240.7x
Q1 22	9.3x	39.9x
Q2 25	2.3x	—
Q4 25	1.4x	486.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 16	$1M	-$768.9K
Q4 16	$4M	$1M
Q1 17	$2M	$39.6K
Q1 18	$10M	$3M
Q4 18	$11M	-$3M
Q1 22	$54M	$21M
Q2 25	$298M	$125M
Q4 25	$706M	$170M

Capital Expenditures

Quarter	CapEx
Q2 16	$2M
Q4 16	$2M
Q1 17	$2M
Q1 18	$7M
Q4 18	$14M
Q1 22	$34M
Q2 25	$173M
Q4 25	$536M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 18	+429.3%	+498.9%
Q1 22	+1562.6%	+1860.2%
Q2 25	+20165.9%	+28059.1%
Q4 25	+5508.0%	+6710.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 16	$0	0.0%
Q4 16	$0	0.0%
Q1 17	$0	0.0%
Q1 18	$0	0.0%
Q4 18	$0	0.0%
Q1 22	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q2 16	$2M	$820.8K	—
Q4 16	$2M	$994.5K	—
Q1 17	$1M	$323.6K	—
Q1 18	$7M	$2M	—
Q4 18	$10M	$4M	—
Q1 22	$36M	$9M	—
Q2 25	—	$77M	—
Q4 25	—	—	$304M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$15M	$18M	$34M
Q2 22	$15M	$3M	$19M
Q3 22	$24M	$5M	$28M
Q4 22	$90M	$19M	$109M
Q1 23	$30M	$36M	$66M
Q2 23	$170.9K	$53.9K	$224.9K
Q3 23	$202.1K	$80.3K	$282.4K
Q4 23	$251M	$195M	$445M
Q1 24	$109M	$227M	$336M
Q2 24	$107M	$161M	$268M
Q3 24	$126M	$117M	$244M
Q4 24	$229M	$24M	$254M
Q1 25	$297M	$77M	$374M
Q2 25	$233M	$33M	$266M
Q3 25	$276M	$210M	$486M
Q4 25	$338M	$233M	$571M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 16	193M	—	—
Q4 16	194M	+0.6%	—
Q1 17	194M	0.0%	—
Q1 18	431M	+122.2%	—
Q4 18	431M	0.0%	+123.4%
Q1 22	431M	0.0%	+122.2%
Q2 25	431M	-0.0%	+122.2%
Q4 25	431M	0.0%	-0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 16	$575	16K
Q4 16	$651	16K
Q1 17	$426	16K
Q1 18	$2.3K	15K
Q4 18	$1.9K	25K
Q1 22	$7.7K	23K
Q2 25	$69.2K	20K
Q4 25	$196.9K	10K

Revenue / Employee