# EDGAR Filing Document

**Accession Number:** 0001283699
**File Stem:** 0001283699-25-000116
**Filing Date:** 2025-7
**Character Count:** 115754
**Document Hash:** fa3559d868245d67f4ae3492f1366a48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001283699-25-000116.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001283699-25-000116

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 55

**CONFORMED PERIOD OF REPORT**: 20250723

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T-Mobile US, Inc.
- **CENTRAL INDEX KEY:** 0001283699
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO TELEPHONE COMMUNICATIONS [4812]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 200836269
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33409
- **FILM NUMBER:** 251143107

**BUSINESS ADDRESS:**
- **STREET 1:** 12920 SE 38TH STREET
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98006
- **BUSINESS PHONE:** 800-318-9270

**MAIL ADDRESS:**
- **STREET 1:** 12920 SE 38TH STREET
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** METROPCS COMMUNICATIONS INC
- **DATE OF NAME CHANGE:** 20040315

?xml version='1.0' encoding='ASCII'? tmus-20250723

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

**FORM 8-K** 

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934** 

**Date of report (Date of earliest event reported): July 23, 2025**![New logo.jpg](tmus-20250723_g1.jpg)

**T-MOBILE US, INC.** 

**(Exact Name of Registrant as Specified in Charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-33409** | **20-0836269** |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) | | Identification No.) |

---

**12920 SE 38th Street** 

**Bellevue, Washington** 

(Address of principal executive offices)

**98006-1350** 

(Zip Code)

Registrant's telephone number, including area code: (425) 378-4000

(Former Name or Former Address, if Changed Since Last Report):

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.00001 per share | TMUS | The NASDAQ Stock Market LLC |
| 3.550% Senior Notes due 2029 | TMUS29 | The NASDAQ Stock Market LLC |
| 3.700% Senior Notes due 2032 | TMUS32 | The NASDAQ Stock Market LLC |
| 3.150% Senior Notes due 2032 | TMUS32A | The NASDAQ Stock Market LLC |
| 3.850% Senior Notes due 2036 | TMUS36 | The NASDAQ Stock Market LLC |
| 3.500% Senior Notes due 2037 | TMUS37 | The NASDAQ Stock Market LLC |
| 3.800% Senior Notes due 2045 | TMUS45 | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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. ☐

------

**Item 2.02 — Results of Operations and Financial Condition**

On July 23, 2025, T-Mobile US, Inc. (the "Company") issued a press release announcing the financial and operating results of the Company for the quarter ended June 30, 2025. The text of the press release and accompanying Investor Factbook are furnished as Exhibits <u>[99.1](tmus06302025ex991.htm)</u> and <u>[99.2](tmus06302025ex992.htm)</u> and incorporated herein by reference.

The information in Item 2.02 to this Current Report on Form 8-K, including Exhibits <u>[99.1](tmus06302025ex991.htm)</u> and <u>[99.2](tmus06302025ex992.htm)</u>, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

**Item 9.01 — Financial Statements and Exhibits**

(d) Exhibits:

---

| | |
|:---|:---|
| **Exhibit** | **Description** |
| <u>[99.1](tmus06302025ex991.htm)</u> | <u>[Press release, dated](tmus06302025ex991.htm)[July 23](tmus06302025ex991.htm)[, 2025, entitled "T-Mobile](tmus06302025ex991.htm)[Delivers Re](tmus06302025ex991.htm)[cord Quarter with Outsi](tmus06302025ex991.htm)[zed Customer and Financial Growth](tmus06302025ex991.htm)[,](tmus06302025ex991.htm)[and Raises Full Year 2025 Gu](tmus06302025ex991.htm)[idance](tmus06302025ex991.htm)["](tmus06302025ex991.htm)</u> |
| <u>[99.2](tmus06302025ex992.htm)</u> | <u>[Investor Factbook of T-Mobile US, Inc.](tmus06302025ex992.htm)[Second](tmus06302025ex992.htm)[Quarter 2025 Results](tmus06302025ex992.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **T-MOBILE US, INC.** |
| July 23, 2025 | /s/ Peter Osvaldik |
| | Peter Osvaldik<br>Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**EXHIBIT 99.1**

**T-Mobile Delivers Record Quarter with Outsized Customer and Financial Growth, and Raises Full Year 2025 Guidance**

***Un-carrier Delivers Best-Ever Q2 Total Postpaid and Postpaid Phone Net and Gross Customer Additions and Maintains Network Leadership with Largest, Fastest and Most Advanced 5G Network***

**<u>Industry-Leading Customer Growth Fueled by Best Network, Best Value and Best Experiences Combination</u>**<sup>(1)</sup>

• Postpaid net customer additions of 1.7 million, best-ever Q2 and best in industry

• Postpaid phone net customer additions of 830 thousand, best-ever Q2 and best in industry

• Postpaid net account additions of 318 thousand, up 6% year-over-year, best in industry

• 5G broadband net customer additions of 454 thousand, up 12% year-over-year, best in industry

**<u>Translating Industry-Leading Customer Growth into Industry-Leading Financial Growth</u>**

• Service revenues of $17.4 billion grew 6% year-over-year, best in industry growth

• Postpaid service revenues of $14.1 billion grew 9% year-over-year, best in industry growth

• Net income of $3.2 billion, highest-ever, grew 10% year-over-year

• Diluted earnings per share ("EPS") of $2.84, highest-ever Q2, grew 14% year-over-year

• Core Adjusted EBITDA<sup>(2)</sup> of $8.5 billion grew 6% year-over-year, best in industry growth

• Net cash provided by operating activities of $7.0 billion grew 27% year-over-year

• Adjusted Free Cash Flow<sup>(2)</sup> of $4.6 billion grew 4% year-over-year

**<u>T-Mobile Recognized as Network Leader by Third Parties</u>**

• Ookla awarded T-Mobile as the only carrier in the country to win back-to-back Best Mobile Network awards in the largest, most-comprehensive tests of their kind, each leveraging half a billion real world data points on millions of devices measuring speed and experience

• Recognized by Opensignal for best Overall Experience for the fourth consecutive year and blew away the competition in best download speeds, nearly 200% faster than the nearest competitor, and upload speeds, approximately 65% faster than the nearest competitor

**Bellevue, WA — July 23, 2025** — T-Mobile US, Inc. (NASDAQ: TMUS) reported second quarter 2025 results today, delivering its best-ever Q2 total postpaid and postpaid phone net and gross customer additions, alongside industry-leading postpaid net account additions and 5G broadband net customer additions. The company's industry-leading customer growth contributed to industry-best service revenue growth, which grew at a rate more than double its closest wireless competitors, its highest-ever net income quarter, industry-leading Core Adjusted EBITDA growth, strong net cash provided by operating activities and its highest-ever Q2 Adjusted Free Cash Flow, while fueling stockholder returns of $3.5 billion in Q2.

"T-Mobile crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history," said Mike Sievert, CEO of T-Mobile. "T-Mobile is now America's Best Network. When you combine that with the incredible value that we have always been famous for, it should surprise no one that customers are switching to the Un-carrier at a record pace. These durable advantages enabled us to once again translate customer growth into financial growth, with the industry's best service revenue growth by a wide mile and record Q2 Adjusted Free Cash Flow."

___________________________________________________________

(1)AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus expectations if results are not yet reported.

(2)Core Adjusted EBITDA and Adjusted Free Cash Flow are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures tables. We are not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect Net income, including, but not limited to, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable.

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**<u>Industry-Leading Customer Growth Fueled by Best Network, Best Value and Best Experiences Combination</u>**<sup>(1)</sup>

• **Postpaid net customer additions** of 1.7 million increased 394 thousand year-over-year.

• **Postpaid phone net customer additions** of 830 thousand increased 53 thousand year-over-year. Postpaid phone churn of 0.90% increased 10 basis points year-over-year.

• **Postpaid net account additions** of 318 thousand increased 17 thousand year-over-year.

• **Prepaid net customer additions** of 39 thousand decreased 140 thousand year-over-year. Prepaid churn of 2.65% increased 11 basis points year-over-year.

• **5G broadband net customer additions** of 454 thousand increased 48 thousand year-over-year. T-Mobile ended the quarter with 7.3 million 5G broadband customers.

• **Total net customer additions** were 1.8 million and increased 254 thousand year-over-year. Total customer connections increased to a record high of 132.8 million.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands, except churn)** | **Q2 2025** | **Q1 2025** | **Q2 2024** | **2025** | **2024** |
| Postpaid net account additions | 318 | 205 | 301 | 523 | 519 |
| Total net customer additions | 1771 | 1382 | 1517 | 3153 | 2689 |
| &nbsp;&nbsp;&nbsp;&nbsp;Postpaid net customer additions <sup>(2)</sup> | 1732 | 1337 | 1338 | 3069 | 2558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postpaid phone net customer additions | 830 | 495 | 777 | 1325 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postpaid other net customer additions <sup>(2) (3)</sup> | 902 | 842 | 561 | 1744 | 1249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid net customer additions <sup>(2) (4)</sup> | 39 | 45 | 179 | 84 | 131 |
| Total customers, end of period <sup>(2)</sup>  | 132778 | 130910 | 125893 | 132778 | 125893 |
| Postpaid phone churn | 0.90% | 0.91% | 0.80% | 0.90% | 0.83% |
| Prepaid churn | 2.65% | 2.68% | 2.54% | 2.67% | 2.64% |
| 5G broadband net customer additions | 454 | 424 | 406 | 878 | 811 |
| Total 5G broadband customers, end of period | 7308 | 6854 | 5587 | 7308 | 5587 |

---

(1)AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus expectations if results are not yet reported.

(2)Includes 5G broadband customers.

(3)In the second quarter of 2025, we acquired 97,000 fiber customers from Lumos.

(4)In the second quarter of 2024, we acquired 3,504,000 prepaid customers through our acquisition of Ka'ena, which includes the impact of certain base adjustments to align the policies of Ka'ena and T-Mobile.

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**<u>Translating Industry-Leading Customer Growth into Industry-Leading Financial Growth</u>**<sup>(1)</sup>

• **Total service revenues** increased 6% year-over-year to $17.4 billion, and Postpaid service revenues increased 9% year-over-year to $14.1 billion.

• **Net income** increased 10% year-over-year to $3.2 billion.

• **Diluted EPS** increased 14% year-over-year to $2.84 per share.

• **Core Adjusted EBITDA** increased 6% year-over-year to $8.5 billion.

• **Net cash provided by operating activities**<sup>(2)</sup> increased 27% year-over-year to $7.0 billion.

• **Cash purchases of property and equipment, including capitalized interest** increased 17% year-over-year to $2.4 billion.

• **Adjusted Free Cash Flow** increased 4% year-over-year to $4.6 billion.

• **Stockholder Returns** of $3.5 billion in Q2 2025, including common stock repurchases of $2.5 billion and cash dividends of $996 million as part of current stockholder return authorization of up to $14.0 billion, for cumulative stockholder returns<sup>(3)</sup> of $38.3 billion since program inception, split across repurchases of $32.3 billion and cash dividends of $6.0 billion.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Q2 2025**<br>**vs.**<br>**Q1 2025** | **Q2 2025**<br>**vs.**<br>**Q2 2024** | **YTD 2025**<br>**vs.**<br>**YTD 2024** |
| **(in millions, except EPS)** | **Q2 2025** | **Q1 2025** | **Q2 2024** | **2025** | **2024** | **Q2 2025**<br>**vs.**<br>**Q1 2025** | **Q2 2025**<br>**vs.**<br>**Q2 2024** | **YTD 2025**<br>**vs.**<br>**YTD 2024** |
| Total service revenues | $17438 | $16925 | $16429 | $34363 | $32525 | 3.0% | 6.1% | 5.7% |
| &nbsp;&nbsp;&nbsp;Postpaid service revenues | 14078 | 13594 | 12899 | 27672 | 25530 | 3.6% | 9.1% | 8.4% |
| Total revenues | 21132 | 20886 | 19772 | 42018 | 39366 | 1.2% | 6.9% | 6.7% |
| Net income | 3222 | 2953 | 2925 | 6175 | 5299 | 9.1% | 10.2% | 16.5% |
| Diluted EPS | 2.84 | 2.58 | 2.49 | 5.42 | 4.49 | 10.1% | 14.1% | 20.7% |
| Adjusted EBITDA | 8547 | 8259 | 8053 | 16806 | 15705 | 3.5% | 6.1% | 7.0% |
| Core Adjusted EBITDA | 8541 | 8258 | 8027 | 16799 | 15644 | 3.4% | 6.4% | 7.4% |
| Net cash provided by operating activities <sup>(2)</sup> | 6992 | 6847 | 5521 | 13839 | 10605 | 2.1% | 26.6% | 30.5% |
| Cash purchases of property and equipment, including capitalized interest | 2396 | 2451 | 2040 | 4847 | 4667 | (2.2)% | 17.5% | 3.9% |
| Adjusted Free Cash Flow | 4596 | 4396 | 4439 | 8992 | 7786 | 4.5% | 3.5% | 15.5% |

---

(1) &nbsp;&nbsp;&nbsp;&nbsp;Industry-leading claims are based on consensus expectations if results are not yet reported.

(2) &nbsp;&nbsp;&nbsp;&nbsp;Effective November 1, 2024, following amendments to the company's Equipment Installment Plan Sale and Service Receivable Sale arrangements, all cash proceeds associated with the sale of such receivables, a portion of which was previously recognized as Proceeds related to beneficial interests in securitization transactions within investing cash flows, were recognized as operating cash flows. These amendments did not have a net impact on Adjusted Free Cash Flow.

(3) &nbsp;&nbsp;&nbsp;&nbsp;Beginning in Q3 2022 through June 30, 2025.

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**<u>T-Mobile Recognized as Network Leader by Third Parties</u>**

The company continues to be recognized by third parties as the network leader:

• Ookla awarded T-Mobile as the only carrier in the country to win back-to-back Best Mobile Network awards in the largest, most-comprehensive tests of their kind, each leveraging half a billion real world data points on millions of devices measuring speed and experience.

• Recognized by Opensignal for best Overall Experience for the fourth consecutive year and blew away the competition in best download speeds, nearly 200% faster than the nearest competitor, and upload speeds, approximately 65% faster than the nearest competitor.

See 5G device, coverage, and access details at T-Mobile.com. Ookla Awards: Based on analysis by Ookla® of Speedtest Intelligence® data Q4 2024–Q1 2025, and Ookla® of Speedtest Intelligence® data Q1 2025–Q2 2025.© 2025 Ookla, LLC. Opensignal Award: USA: Mobile Network Experience Report June 2025, Data Collection Period: Feb 01–May 01, 2025.© 2025 Opensignal Limited.

**<u>Raising 2025 Customer and Financial Guidance</u>**

T-Mobile's 2025 guidance below reflects the inclusion of Metronet, which we expect to close on July 24th, and excludes the pending acquisition of UScellular:

• Postpaid net customer additions are expected to be between 6.1 million and 6.4 million, an increase from prior guidance of 5.5 million to 6.0 million, including 2.95 million to 3.10 million postpaid phone net customer additions and approximately 100 thousand Fiber net customers additions.

• Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $33.3 billion and $33.7 billion, an increase at the midpoint from prior guidance of $33.2 billion to $33.7 billion.

• Net cash provided by operating activities, including payments for Sprint Merger-related costs, is expected to be between $27.1 billion and $27.5 billion, an increase at the midpoint from prior guidance of $27.0 billion to $27.5 billion.

• Cash purchases of property and equipment, including capitalized interest, are expected to be approximately $9.5 billion, unchanged from prior guidance.

• Adjusted Free Cash Flow, including payments for Sprint Merger-related costs, is expected to be between $17.6 billion and $18.0 billion, an increase at the midpoint from prior guidance of $17.5 billion to $18.0 billion. Adjusted Free Cash Flow guidance does not assume any material net cash inflows from securitization.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **(in millions, except Postpaid net customer additions and Effective tax rate)** | **Previous** | **Previous** | **Current** | **Current** | **Change (Mid-point)** |
| Postpaid net customer additions (thousands) | 5500 | 6000 | 6100 | 6400 | 500 |
| Net income <sup>(1)</sup> | N/A | N/A | N/A | N/A | N/A |
| Effective tax rate | 24% | 26% | 24% | 26% |  |
| Core Adjusted EBITDA <sup>(2)</sup> | $33200 | $33700 | $33300 | $33700 | $50 |
| Net cash provided by operating activities | 27000 | 27500 | 27100 | 27500 | 50 |
| Capital expenditures <sup>(3)</sup> | ~9,500 | ~9,500 | ~9,500 | ~9,500 |  |
| Adjusted Free Cash Flow | 17500 | 18000 | 17600 | 18000 | 50 |

---

(1)T-Mobile is not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect GAAP Net income, including, but not limited to, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable.

(2)Management uses Core Adjusted EBITDA as a measure to monitor the financial performance of Company operations, excluding the impact of lease revenues from related device financing programs.

(3)Capital expenditures means cash purchases of property and equipment, including capitalized interest.

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**<u>Financial Results</u>**

For more details on T-Mobile's Q2 2025 financial results, including the Investor Factbook with detailed financial tables, please visit T-Mobile US, Inc.'s Investor Relations website at <u>https://investor.t-mobile.com</u>.

**<u>Earnings Call Information</u>**

**Date/Time**

• Wednesday, July 23, 2025, at 4:30 p.m. (EDT)

**Pre-registration link for dial-in access and personalized PIN**

Participants can pre-register for the conference call here in order to receive dial-in information and a personalized PIN. This option is recommended to avoid wait times when joining the call.

**Access via Phone (audio only)**

Please plan on accessing the call 10 minutes prior to the scheduled start time.

• Toll Free: 1-866-777-2509

• International: 1-412-317-5413

**Access via Webcast**

The earnings call will be broadcasted live and can be replayed via the Investor Relations website at <u>https://investor.t-mobile.com</u>.

**Submit Questions via X**

Send a post to @TMobileIR or @MikeSievert using $TMUS

**<u>Contact Information</u>**

• Media Relations: <u>mediarelations@t-mobile.com</u>

• Investor Relations: <u>investor.relations@t-mobile.com</u>

**<u>T-Mobile Social Media</u>**

Investors and others should note that we announce material financial and operational information to our investors using our investor relations website (<u>https://investor.t-mobile.com</u>), newsroom website (<u>https://t-mobile.com/news</u>), press releases, SEC filings and public conference calls and webcasts. We also intend to use certain social media accounts as a means of disclosing information about us and our services and for complying with our disclosure obligations under Regulation FD (the @TMobileIR X account (<u>https://x.com/TMobileIR</u>), the @MikeSievert X account (<u>https://x.com/MikeSievert</u>) and our CEO's LinkedIn account (<u>https://www.linkedin.com/in/sievert</u>), both of which Mr. Sievert also uses as a means for personal communications and observations, and the @TMobileCFO X account (<u>https://x.com/tmobilecfo</u>), and our CFO's LinkedIn account (<u>https://www.linkedin.com/in/peter-osvaldik-3887394</u>), both of which Mr. Osvaldik also uses as a means for personal communication and observations). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website.

**<u>About T-Mobile US, Inc.</u>**

T-Mobile US, Inc. (NASDAQ: TMUS) is America's supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile's customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: <u>https://www.t-mobile.com</u>.

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![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**<u>Forward-Looking Statements</u>**

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including information concerning T-Mobile US, Inc.'s future results of operations, are forward-looking statements. These forward-looking statements are generally identified by the words "anticipate," "believe," "estimate," "expect," "intend," "may," "could" or similar expressions.

Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties and may cause actual results to differ materially from the forward-looking statements. Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: competition, industry consolidation and changes in the market for wireless communications services and other forms of connectivity; criminal cyberattacks, disruption, data loss or other security breaches; our inability to timely adopt and effectively deploy network technology developments; our inability to effectively execute our digital transformation and drive customer and employee adoption of emerging technologies; our inability to retain or motivate key personnel, hire qualified personnel or maintain our corporate culture; system failures and business disruptions, allowing for unauthorized use of or interference with our network and other systems; the scarcity and cost of additional wireless spectrum, and regulations relating to spectrum use; the timing and effects of any pending and future acquisition, divestiture, investment, joint venture or merger involving us, including our inability to obtain any required regulatory approval necessary to consummate any such transactions or to achieve the expected benefits of such transactions; adverse economic, political or market conditions in the U.S. and international markets, including changes resulting from increases in inflation or interest rates, tariffs and trade restrictions, supply chain disruptions, fluctuations in global currencies, immigration policies, and impacts of geopolitical instability, such as the Ukraine-Russia and Israel-Hamas wars and further escalations thereof; potential operational delays, higher procurement and operational costs, and regulatory and compliance complexities as result of changes to trade policies, including higher tariffs, restrictions and other economic disincentives to trade; our inability to successfully deliver new products and services; any disruption or failure of our third parties (including key suppliers) to provide products or services for the operation of our business; sociopolitical volatility and polarization and risks related to environmental, social and governance matters; our substantial level of indebtedness and our inability to service our debt obligations in accordance with their terms; changes in the credit market conditions, credit rating downgrades or an inability to access debt markets; our inability to maintain effective internal control over financial reporting; any changes in regulations or in the regulatory framework under which we operate; laws and regulations relating to the handling of privacy, data protection and artificial intelligence; unfavorable outcomes of and increased costs from existing or future regulatory or legal proceedings; difficulties in protecting our intellectual property rights or if we infringe on the intellectual property rights of others; our offering of regulated financial services products and exposure to a wide variety of state and federal regulations; new or amended tax laws or regulations or administrative interpretations and judicial decisions affecting the scope or application of tax laws or regulations; our wireless licenses, including those controlled through leasing agreements, are subject to renewal and may be revoked; our exclusive forum provision as provided in our Certificate of Incorporation; interests of Deutsche Telecom AG ("DT"), our controlling stockholder, which may differ from the interests of other stockholders; our current and future stockholder return programs may not be fully utilized, and our share repurchases and dividend payments pursuant thereto may fail to have the desired impact on stockholder value; future sales of our common stock by DT and SoftBank Group Corp. and our inability to attract additional equity financing outside the United States due to foreign ownership limitations by the Federal Communications Commission; and other risks as disclosed in our most recent annual report on Form 10-K, and subsequent Forms 10-Q and other filings with the Securities and Exchange Commission. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward- looking statements, except as required by law.

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**T-Mobile US, Inc.**

**Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures**

**(Unaudited)**

This Press Release includes non-GAAP financial measures. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for the non-GAAP financial measures to the most directly comparable GAAP financial measures are provided below. T-Mobile is not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect GAAP net income, including, but not limited to, Income tax expense and Interest expense. Adjusted EBITDA and Core Adjusted EBITDA should not be used to predict Net income as the difference between either of these measures and Net income is variable.

Adjusted EBITDA and Core Adjusted EBITDA are reconciled to Net income as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| Net income | $2374 | $2925 | $3059 | $2981 | $2953 | $3222 | $5299 | $6175 |
| Adjustments: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | 880 | 854 | 836 | 841 | 916 | 922 | 1734 | 1838 |
| &nbsp;&nbsp;&nbsp;Other (income) expense, net | (20) | 8 | (7) | (94) | 46 | 11 | (12) | 57 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 764 | 843 | 908 | 858 | 885 | 1058 | 1607 | 1943 |
| Operating income | 3998 | 4630 | 4796 | 4586 | 4800 | 5213 | 8628 | 10013 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 3371 | 3248 | 3151 | 3149 | 3198 | 3146 | 6619 | 6344 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation <sup>(1)</sup> | 140 | 147 | 143 | 156 | 168 | 178 | 287 | 346 |
| &nbsp;&nbsp;&nbsp;Sprint Merger-related costs (gain), net <sup>(2)</sup> | 130 | (9) |  |  |  |  | 121 |  |
| &nbsp;&nbsp;&nbsp;UScellular Merger-related costs <sup>(3)</sup> |  |  | 16 | 10 | 14 | 33 |  | 47 |
| &nbsp;&nbsp;&nbsp;Legal-related expenses (recoveries), net <sup>(4)</sup> |  | 15 | 1 | (105) | 6 | (4) | 15 | 2 |
| &nbsp;&nbsp;&nbsp;Other, net <sup>(5)</sup> | 13 | 22 | 136 | 120 | 73 | (19) | 35 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA | 7652 | 8053 | 8243 | 7916 | 8259 | 8547 | 15705 | 16806 |
| &nbsp;&nbsp;&nbsp;Lease revenues | (35) | (26) | (21) | (11) | (1) | (6) | (61) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Core Adjusted EBITDA | $7617 | $8027 | $8222 | $7905 | $8258 | $8541 | $15644 | $16799 |

---

(1)Stock-based compensation includes payroll tax impacts and may not agree to stock-based compensation expense in the Condensed Consolidated Financial Statements. Additionally, certain stock-based compensation expenses associated with the merger with Sprint Corporation (the "Sprint Merger") have been included in Sprint Merger-related costs (gain), net.

(2)Sprint Merger-related costs (gain), net, for the three months ended June 30, 2024, includes the $100 million gain recognized for the extension fee previously paid by DISH associated with the DISH License Purchase Agreement.

(3)UScellular Merger-related costs generally include pre-merger consulting and legal fees.

(4)Legal-related expenses (recoveries), net consists of the settlement of certain litigation and compliance costs associated with the August 2021 cyberattack, net of insurance recoveries.

(5)Other, net, primarily consists of certain severance, restructuring and other expenses, gains and losses, not directly attributable to the Sprint Merger or UScellular Merger, which are not reflective of T-Mobile's core business activities and are, therefore, excluded from Adjusted EBITDA and Core Adjusted EBITDA.

Adjusted EBITDA represents earnings before Interest expense, net of Interest income, Income tax expense, Depreciation and amortization, stock-based compensation and certain expenses, gains and losses, which are not reflective of our ongoing operating performance ("Special Items"). Special Items include Sprint Merger-related costs (gain), net, UScellular Merger-related costs, certain legal-related expenses and recoveries, restructuring costs not directly attributable to the Sprint Merger or UScellular Merger (including severance), and other non-core gains and losses. Core Adjusted EBITDA represents Adjusted EBITDA less device lease revenues. Core Adjusted EBITDA and Adjusted EBITDA are non-GAAP financial measures utilized by T-Mobile's management, including our chief operating decision maker, to monitor the financial performance of our operations and allocate resources of the Company as a whole. T-Mobile uses Core Adjusted EBITDA and Adjusted EBITDA as benchmarks to evaluate T-Mobile's operating performance in comparison to its competitors. T-Mobile also uses Core Adjusted EBITDA internally as a measure to evaluate and compensate its personnel and management for their performance. Management believes analysts and investors use Core Adjusted EBITDA and Adjusted EBITDA as supplemental measures to evaluate overall operating performance and to facilitate comparisons with other wireless communications services companies because they are indicative of T-Mobile's ongoing operating performance and trends by excluding the impact of Interest expense from financing, non-cash depreciation and amortization from capital investments, non-cash stock-based compensation, and Special Items. Management believes analysts and investors use Core Adjusted EBITDA because it normalizes for the transition in the company's device financing strategy, by excluding the impact of device lease revenues from Adjusted EBITDA, to align with the related depreciation expense on leased devices, which is excluded from the definition of Adjusted EBITDA. Core Adjusted EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as substitutes for Net income or any other measure of financial performance reported in accordance with U.S. Generally Accepted Accounting Principles ("GAAP").

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**T-Mobile US, Inc.**

**Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (continued)**

**(Unaudited)**

Adjusted Free Cash Flow is calculated as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except percentages)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| Net cash provided by operating activities | $5084 | $5521 | $6139 | $5549 | $6847 | $6992 | $10605 | $13839 |
| Cash purchases of property and equipment, including capitalized interest | (2627) | (2040) | (1961) | (2212) | (2451) | (2396) | (4667) | (4847) |
| Proceeds related to beneficial interests in securitization transactions | 890 | 958 | 984 | 747 |  |  | 1848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $3347 | $4439 | $5162 | $4084 | $4396 | $4596 | $7786 | $8992 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities margin (Net cash provided by operating activities divided by Service revenues) | 31.6% | 33.6% | 36.7% | 32.8% | 40.5% | 40.1% | 32.6% | 40.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow margin (Adjusted Free Cash Flow divided by Service revenues) | 20.8% | 27.0% | 30.9% | 24.1% | 26.0% | 26.4% | 23.9% | 26.2% |

---

Effective November 1, 2024, following amendments to the company's Equipment Installment Plan Sale and Service Receivable Sale arrangements, all cash proceeds associated with the sale of such receivables, a portion of which was previously recognized as Proceeds related to beneficial interests in securitization transactions within investing cash flows, were recognized as operating cash flows. These amendments did not have a net impact on Adjusted Free Cash Flow.

Adjusted Free Cash Flow - Net cash provided by operating activities less Cash purchases of property and equipment, plus Proceeds related to beneficial interests in securitization transactions. Adjusted Free Cash Flow is utilized by T-Mobile's management, investors and analysts to evaluate cash available to pay debt, repurchase shares, pay dividends and provide further investment in the business.

Adjusted Free Cash Flow margin - Adjusted Free Cash Flow divided by Service revenues. Adjusted Free Cash Flow Margin is utilized by T-Mobile's management, investors, and analysts to evaluate the company's ability to convert service revenue efficiently into cash available to pay debt, repurchase shares and provide further investment in the business.

The current guidance range for Adjusted Free Cash Flow is calculated as follows:

---

| | | |
|:---|:---|:---|
| | **FY 2025** | **FY 2025** |
| **(in millions)** | **Guidance Range** | **Guidance Range** |
| Net cash provided by operating activities | $27100 | $27500 |
| Cash purchases of property and equipment, including capitalized interest | (9500) | (9500) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $17600 | $18000 |

---

The previous guidance range for Adjusted Free Cash Flow was calculated as follows:

---

| | | |
|:---|:---|:---|
| | **FY 2025** | **FY 2025** |
| **(in millions)** | **Guidance Range** | **Guidance Range** |
| Net cash provided by operating activities | $27000 | $27500 |
| Cash purchases of property and equipment, including capitalized interest | (9500) | (9500) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $17500 | $18000 |

---

------

![q2-2025xreleasexheader.jpg](q2-2025xreleasexheader.jpg)

**T-Mobile US, Inc.**

**Operating Measures**

**(Unaudited)**

The following table sets forth company operating measures ARPA and ARPU:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in dollars)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| Postpaid ARPA | $140.88 | $142.54 | $145.60 | $146.28 | $146.22 | $149.87 | $141.71 | $148.06 |
| Postpaid phone ARPU | 48.79 | 49.07 | 49.79 | 49.73 | 49.38 | 50.62 | 48.93 | 50.00 |
| Prepaid ARPU | 37.18 | 35.94 | 35.81 | 35.49 | 34.67 | 34.63 | 36.52 | 34.65 |

---

<br>Postpaid Average Revenue Per Account ("ARPA") - Average monthly postpaid service revenue earned per account. Postpaid service revenues for the specified period divided by the average number of postpaid accounts during the period, further divided by the number of months in the period.

Average Revenue Per User ("ARPU") - Average monthly service revenue earned per customer. Service revenues for the specified period divided by the average number of customers during the period, further divided by the number of months in the period.

Postpaid phone ARPU excludes postpaid other customers and related revenues.

## Exhibit 99.2

**EXHIBIT 99.2**

![q2-2025_fbcover.jpg](q2-2025_fbcover.jpg)

------

![fb-header_q2x2023.jpg](fb-header_q2x2023.jpg)<sub>2</sub>

---

| | |
|:---|:---|
| **[3](#i811de68092d74b12a420829b8d3b9b20_7)** | **Highlights** |
| **[4](#i811de68092d74b12a420829b8d3b9b20_10)** | **Customer Metrics** |
| **[7](#i811de68092d74b12a420829b8d3b9b20_46)** | **Financial Metrics** |
| **[13](#i811de68092d74b12a420829b8d3b9b20_82)** | **Capital Structure** |
| **[14](#i811de68092d74b12a420829b8d3b9b20_85)** | **Guidance** |
| **[15](#i811de68092d74b12a420829b8d3b9b20_88)** | **Contacts** |
| **[16](#i811de68092d74b12a420829b8d3b9b20_91)** | **Financial and Operational Tables** |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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![fb-header_q2x2023xhighligh.jpg](fb-header_q2x2023xhighligh.jpg)<sub>3</sub>

![q22025fbhighlights_72125a.jpg](q22025fbhighlights_72125a.jpg)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)AT&T Inc. does not disclose postpaid net account additions. Comcast and Charter do not disclose postpaid phone net customer additions. Industry-leading claims are based on consensus expectations if results are not yet reported.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Core Adjusted EBITDA, Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures tables. We are not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect Net income, including, but not limited to, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Effective November 1, 2024, following amendments to the company's Equipment Installment Plan Sale and Service Receivable Sale arrangements, all cash proceeds associated with the sale of such receivables, a portion of which was previously recognized as Proceeds related to beneficial interests in securitization transactions within investing cash flows, were recognized as operating cash flows. These amendments did not have a net impact on Adjusted Free Cash Flow.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xcustomer.jpg](fb-header_q2x2023xcustomer.jpg)<sub>4</sub>

**Postpaid Accounts**<br>**(in thousands)**<br>

![chart-5bd5ef4a8a844cbaaf7.jpg](chart-5bd5ef4a8a844cbaaf7.jpg)

During Q2 2025, we acquired 85,000 postpaid accounts from Lumos.&nbsp;&nbsp;&nbsp;&nbsp;

**Year-Over-Year**

**Continued growth in Postpaid accounts with an increase in net additions primarily due to:**

**■**Higher gross account additions

**■**Partially offset by higher account deactivations, including the impact from a growing account base and the temporary impact of current year rate plan optimizations, and lower 5G broadband-only additions

**Sequential**

**Continued growth in Postpaid accounts with an increase in net additions primarily due to:**

**■**Higher gross account additions

**Year-Over-Year**

**Postpaid ARPA increased 5% primarily due to:**

**■**The positive impact from rate plan optimizations and higher fee revenue, including from the adoption of new tax and fee exclusive plans

■An increase in customers per account, including from the continued adoption of 5G broadband and continued growth of T-Mobile for Business customers

■Higher premium services, primarily high-end rate plans, net of contra revenues for content included in such plans, and discounts for specific affinity groups (55+, military, and first responders)

■Partially offset by increased promotional activity and an increase in 5G broadband and fiber-only accounts

**Postpaid phone ARPU increased 3% due to:**

■The positive impact from rate plan optimizations and higher fee revenue, including from the adoption of new tax and fee exclusive plans

■Higher premium services, primarily high-end rate plans, net of contra revenues for content included in such plans, and discounts for specific affinity groups (55+, military, and first responders)

■Partially offset by increased promotional activity, including the success of bundled offerings and continued growth in T-Mobile for Business customers with lower ARPU given larger account sizes

**Sequential**

**Postpaid ARPA increased 2% due to:**

■The positive impact from rate plan optimizations and higher fee revenue, including from the adoption of new tax and fee exclusive plans

■An increase in customers per account, including from the continued adoption of 5G broadband

**Sequential**

■Higher premium services, primarily high-end rate plans, net of contra revenues for content included in such plans, and discounts for specific affinity groups (55+, military, and first responders)

■Partially offset by increased promotional activity and an increase in 5G broadband and fiber-only accounts

**Postpaid phone ARPU increased 3% due to:**

**■**The positive impact from rate plan optimizations and higher fee revenue, including from the adoption of new tax and fee exclusive plans

**■**Higher premium services, primarily high-end rate plans, net of contra revenues for content included in such plans, and discounts for specific affinity groups (55+, military, and first responders)

**■**Partially offset by increased promotional activity, including the success of bundled offerings

**Postpaid ARPA & Postpaid Phone ARPU**

![chart-757d769ab2134a86813.jpg](chart-757d769ab2134a86813.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xcustomer.jpg](fb-header_q2x2023xcustomer.jpg)<sub>5</sub>

**Postpaid Customers**<br>**(in thousands)**<br>

![chart-f3386393748349c19c7.jpg](chart-f3386393748349c19c7.jpg)

During Q2 2025, we acquired 97,000 postpaid fiber customers from Lumos.

**Year-Over-Year**

**Postpaid phone net customer additions increased primarily due to:** 

**■**Higher gross additions

**■**Higher prepaid to postpaid migrations

**■**Partially offset by higher churn, primarily driven by the temporary impact of current year rate plan optimizations and increased deactivations from a growing customer base

**Postpaid other net customer additions increased primarily due to:**

**■**Higher net additions from mobile internet devices,

primarily due to higher prior year deactivations of lower

ARPU mobile internet devices in the educational sector

activated during the Pandemic and no longer needed

**■**Higher 5G broadband net additions

**■**Partially offset by increased deactivations from a growing customer base, as well as lower net additions from wearables

**Sequential**

**Postpaid phone net customer additions increased primarily due to:**

**■**Higher gross additions and slightly lower churn, despite the temporary impact of current year rate plan optimizations

**■**Higher prepaid to postpaid migrations

**Postpaid other net customer additions increased primarily due to:**

**■**Higher net additions from mobile internet devices and wearables

**■**Higher 5G broadband net additions

**■**Partially offset by lower net additions from other connected devices

**Year-Over-Year**

**Postpaid phone churn increased 10 basis points primarily due to:**

**■**The temporary impact of current year rate plan optimizations

**Sequential**

**Postpaid phone churn decreased 1 basis point primarily due to:**

**■**Seasonally lower switching activity

**■**Mostly offset by the temporary impact of current year rate plan optimizations

**Postpaid Phone Churn**

![chart-d2f1d98e8b9f449f901.jpg](chart-d2f1d98e8b9f449f901.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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![fb-header_q2x2023xcustomer.jpg](fb-header_q2x2023xcustomer.jpg)<sub>6</sub>

**Prepaid Customers**<br>**(in thousands)**<br>

![chart-4cb3b9fd2f6b43b99df.jpg](chart-4cb3b9fd2f6b43b99df.jpg)

During Q2 2024, we acquired 3.5 million prepaid customers, net of certain base adjustments, through the Ka'ena Acquisition.

**Year-Over-Year**

**Prepaid net customer additions decreased primarily due to:**

***■***Increased deactivations from a growing customer base, primarily due to the acquisition of Ka'ena Corporation, including its subsidiary brands Mint Mobile and Ultra Mobile in May 2024 (the "Ka'ena Acquisition")

■Higher churn

***■***Higher prepaid to postpaid migrations

■Partially offset by higher gross additions, primarily due to the Ka'ena Acquisition

**Sequential**

**Prepaid net customer additions decreased slightly primarily due to:**

***■***Higher prepaid to postpaid migrations

***■***Partially offset by higher gross additions

**Year-Over-Year**

**5G broadband net customer additions increased primarily due to:**

■Higher gross additions

■Lower churn

■Partially offset by increased deactivations from a growing customer base

**Sequential**

**5G broadband net customer additions increased primarily due to:**

■Higher gross additions

■Lower churn

■Partially offset by increased deactivations from a growing customer base

**5G Broadband Customers**<br>**(in thousands)**<br>

![chart-57cc201bf71e4860a8b.jpg](chart-57cc201bf71e4860a8b.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>7</sub>

**Service Revenues**<br>**($ in millions)**<br>

![chart-12105eb0d28f4217944.jpg](chart-12105eb0d28f4217944.jpg)&nbsp;&nbsp;&nbsp;&nbsp;

**Year-Over-Year**

**Service revenues increased 6% primarily due to:**

■An increase in Postpaid service revenues

■Partially offset by a decrease in Wholesale and other service revenues, primarily driven by lower MVNO revenues, including lower DISH and TracFone MVNO revenues, and lower Affordable Connectivity Program revenues

**Sequential**

**Service revenues increased 3% primarily due to:**

■An increase in Postpaid service revenues

**Year-Over-Year**

**Postpaid service revenues increased 9% primarily due to:**

■Higher postpaid ARPA

■Higher average postpaid accounts

**Sequential**

**Postpaid service revenues increased 4% primarily due to:**

■Higher postpaid ARPA

■Higher average postpaid accounts

**Postpaid Service Revenues**<br>**($ in millions)**<br>

![chart-67ab52920ee440a4bcc.jpg](chart-67ab52920ee440a4bcc.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>8</sub>

**Equipment Revenues**<br>**($ in millions)**<br>

![chart-f16a69b33ef04681a72.jpg](chart-f16a69b33ef04681a72.jpg)&nbsp;&nbsp;&nbsp;&nbsp;

**Year-Over-Year**

**Equipment revenues increased 11% primarily due to:**

*■*A higher average revenue per device sold, net of promotions, primarily driven by an increase in the high-end phone mix, including from higher postpaid device upgrades and lower Assurance Wireless device sales

*■*Higher liquidation revenue, primarily due to a higher number of liquidated devices

**Sequential**

**Equipment revenues decreased 7% primarily due to:**

*■*A lower average revenue per device sold, net of promotions, primarily due to a decrease in the high-end phone mix

**Year-Over-Year**

**Cost of equipment sales, exclusive of Depreciation and Amortization (D&A), increased 14% primarily due to:**

*■*A higher average cost per device sold, primarily driven by an increase in the high-end phone mix, including from higher postpaid device upgrades and lower Assurance Wireless device sales

■Higher liquidation costs, primarily due to a higher number of liquidated devices

**Sequential**

**Cost of equipment sales, exclusive of D&A, decreased 3% primarily due to:**

*■*A lower average cost per device sold, primarily due to a decrease in the high-end phone mix

**Cost of Equipment Sales, exclusive of D&A**<br>**($ in millions, % of Equipment sales)**<br>

![chart-88c2a0af2c8d43d6b3c.jpg](chart-88c2a0af2c8d43d6b3c.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>9</sub>

**Cost of Services, exclusive of D&A**<br>**($ in millions, % of Service revenues)**<br>

![chart-795aaa11350b4b0b94d.jpg](chart-795aaa11350b4b0b94d.jpg)

**Year-Over-Year**

**Cost of services, exclusive of D&A, increased 2% primarily due to:**

■Higher site costs associated with the continued build-out of our nationwide 5G network

*■*Partially offset by prior year Sprint Merger-related costs related to network decommissioning and integration

**Sequential**

**Cost of services, exclusive of D&A, increased 4% primarily due to:**

*■*Numerous immaterial factors, including seasonality and the impact of acquisitions

**Year-Over-Year**

**SG&A expense increased 5% primarily due to:**

■Higher payroll and benefit related expenses, including from the impact of acquisitions

■Higher advertising expenses

■A $100 million gain recognized in the prior year period for the extension fee previously paid by DISH pursuant to the license purchase agreement for 800 MHz spectrum, which was not purchased

■Partially offset by a $151 million gain in Q2 2025 related to the completed sale of a portion of our 3.45 GHz spectrum licenses

**Sequential**

**SG&A expense decreased 2% primarily due to:**

■A $151 million gain in Q2 2025 related to the completed sale of a portion of our 3.45 GHz spectrum licenses

**Selling, General and Administrative (SG&A) Expense**<br>**($ in millions, % of Service revenues)**<br>

![chart-9d90ca29e0784c62a38.jpg](chart-9d90ca29e0784c62a38.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>10</sub>

**Net Income** <br>**($ in millions, % of Service revenues)**<br>

![chart-ee63c04f130c4030947.jpg](chart-ee63c04f130c4030947.jpg)

**Diluted Earnings Per Share** <br>**(Diluted EPS)**<br>

![chart-b6cd0c7a8dec4008845.jpg](chart-b6cd0c7a8dec4008845.jpg)&nbsp;&nbsp;&nbsp;&nbsp;

**Year-Over-Year**

**Net income was $3.2 billion and Diluted earnings per share was $2.84 in Q2 2025, compared to $2.9 billion and $2.49 in Q2 2024, primarily due to the factors described above.**

**Sequential**

**Net income was $3.2 billion and Diluted earnings per share was $2.84 in Q2 2025, compared to $3.0 billion and $2.58 in Q1 2025, primarily due to the factors described above.**

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>11</sub>

**Core Adjusted EBITDA\***<br>**($ in millions, % of Service revenues)**<br>

![chart-5a12c4bd68dd40d5975.jpg](chart-5a12c4bd68dd40d5975.jpg)

\*Excludes Special Items (see detail on page 24)

**Year-Over-Year**

**Core Adjusted EBITDA increased 6% primarily due to:**

■Higher Total service revenues

■Higher Equipment revenues, excluding Lease revenues

■Partially offset by higher Cost of equipment sales, and higher SG&A expenses and Cost of services, excluding Special Items

**Sequential**

**Core Adjusted EBITDA increased 3% primarily due to:**

■Higher Total service revenues

■Lower Cost of equipment sales

■Partially offset by lower Equipment revenues, excluding Lease revenues, and higher Cost of services, excluding Special Items

**Year-Over-Year**

**Net cash provided by operating activities increased 27% primarily due to:**

■Lower net cash outflows from changes in working capital, including the impact of certain cash proceeds associated with the sale of receivables, which were recognized within investing cash flows before November 1, 2024

■Higher Net income, adjusted for non-cash income and expenses

**Sequential**

**Net cash provided by operating activities increased 2% primarily due to:**

■Lower net cash outflows from changes in working capital

The impact of net payments for Sprint Merger-related costs on Net cash provided by operating activities was $61 million in Q2 2025 compared to $61 million in Q1 2025 and $241 million in Q2 2024.

**Net Cash Provided by Operating Activities**<br>**($ in millions)**<br>

![chart-8bd6da1ac6a6433eb7c.jpg](chart-8bd6da1ac6a6433eb7c.jpg)

Effective November 1, 2024, following amendments to the company's Equipment Installment Plan Sale and Service Receivable Sale arrangements, all cash proceeds associated with the sale of such receivables, a portion of which was previously recognized as Proceeds related to beneficial interests in securitization transactions within investing cash flows, were recognized as operating cash flows. These amendments did not have a net impact on Adjusted Free Cash Flow.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xfinancial.jpg](fb-header_q2x2023xfinancial.jpg)<sub>12</sub>

**Cash Purchases of Property and Equipment, incl. Capitalized Interest**<br>**($ in millions, % of Service revenues)**<br>

![chart-4a3a25c01082433bb52.jpg](chart-4a3a25c01082433bb52.jpg)

**Year-Over-Year**

**Cash purchases of property and equipment, including capitalized interest, increased 17% primarily due to:**

■Planned timing of capital purchases

**Sequential**

**Cash purchases of property and equipment, including capitalized interest, decreased 2% primarily due to:**

■Planned timing of capital purchases

**Year-Over-Year**

**Adjusted Free Cash Flow increased 4% primarily due to:**

■Higher Net cash provided by operating activities

■Partially offset by proceeds related to securitization transactions recognized prior to November 1, 2024, and higher Cash purchases of property and equipment

All cash proceeds from the sale of receivables are now recognized within Net cash provided by operating activities. There were no significant net cash impacts during the quarter from securitization.

**Sequential**

**Adjusted Free Cash Flow increased 5% primarily due to:**

■Higher Net cash provided by operating activities

The impact of net payments for Sprint Merger-related costs on Adjusted Free Cash Flow was $61 million in Q2 2025 compared to $61 million in Q1 2025 and $241 million in Q2 2024.

**Adjusted Free Cash Flow**<br>**($ in millions)**<br>

![chart-7bbd153b715844eab09.jpg](chart-7bbd153b715844eab09.jpg)

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xcapxstru.jpg](fb-header_q2x2023xcapxstru.jpg)<sub>13</sub>

**Net Debt (Excluding Tower Obligations) & Net Debt to LTM Net Income and Core Adj. EBITDA Ratios**<br>**($ in billions)**<br>

![chart-811eb73833294247a0f.jpg](chart-811eb73833294247a0f.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;

**Stockholder Returns**<br>**($ in millions)**<br>

![chart-1d579ba9bc514c4cb7e.jpg](chart-1d579ba9bc514c4cb7e.jpg)

**Total debt, excluding tower obligations, at the end of Q2 2025 was $85.3 billion.** 

**Net debt, excluding tower obligations, at the end of Q2 2025 was $75.0 billion.**

**■**On December 13, 2024, the Board of Directors announced a stockholder return program for up to $14.0 billion that will run through December 31, 2025, consisting of additional repurchases of shares and payment of cash dividends with the next dividend payable on September 11, 2025. On a cumulative basis, since the company initiated its stockholder return program in Q3 2022, a total of $38.3 billion has been returned to stockholders as of June 30, 2025, with 193.9 million shares repurchased for approximately $32.3 billion, and cumulative cash dividends of $6.0 billion.

**■**During Q2 2025, 10.1 million shares were repurchased for approximately $2.5 billion.

**■**During Q2 2025, the company paid a cash dividend of $0.88 per share of common stock, or approximately $996 million, on June 12, 2025.

**■**The company continues to target a net debt to Core Adjusted EBITDA ratio of approximately 2.5x at year-end 2025, driven by funding for the closing of announced acquisitions and spectrum transactions.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

![fb-header_q2x2023xguidance.jpg](fb-header_q2x2023xguidance.jpg)<sub>14</sub>

**2025 Outlook**

---

| | | | |
|:---|:---|:---|:---|
| **Metric** | **Previous** | **Revised** | **Change at Midpoint** |
| **Postpaid net customer additions** | **5.5 to 6.0 million** | **6.1 to 6.4 million** | **500 thousand** |
| **Net income** <sup>(1)</sup> | **N/A** | **N/A** | **N/A** |
| **Effective tax rate** | **24% to 26%** | **24% to 26%** | **No change** |
| **Core Adjusted EBITDA** <sup>(2)</sup> | **$33.2 to $33.7 billion**  | **$33.3 to $33.7 billion**  | **$50 million** |
| **Net cash provided by operating activities** | **$27.0 to $27.5 billion** | **$27.1 to $27.5 billion** | **$50 million** |
| **Capital expenditures** <sup>(3)</sup> | **~$9.5 billion** | **~$9.5 billion** | **No change** |
| **Adjusted Free Cash Flow** | **$17.5 to $18.0 billion** | **$17.6 to $18.0 billion** | **$50 million** |

---

T-Mobile's 2025 guidance above reflects the inclusion of Metronet, and excludes the pending acquisition of UScellular.

(1)We are not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect GAAP Net income, including, but not limited to, Income tax expense and Interest expense. Core Adjusted EBITDA should not be used to predict Net income as the difference between this measure and Net income is variable.

(2)Management uses Core Adjusted EBITDA as a measure to monitor the financial performance of our operations, excluding the impact of lease revenues from our related device financing programs.

(3)Capital expenditures means cash purchases of property and equipment, including capitalized interest.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

---

| | |
|:---|:---|
| ![fb-header_q2x2023xcontacts.jpg](fb-header_q2x2023xcontacts.jpg) | **15** |

---

**Investor Relations**

---

| | | |
|:---|:---|:---|
| ![cy.jpg](cy.jpg) | ![mh.jpg](mh.jpg) | ![jl.jpg](jl.jpg) |
| **Cathy Yao** | **Matthew Hale** | **Jon Lanterman** |
| Senior Vice President | Senior Director | Senior Director |
| Investor Relations | Investor Relations | Investor Relations |

---

---

| | | | |
|:---|:---|:---|:---|
| ![cl.jpg](cl.jpg) | ![rk.jpg](rk.jpg) | ![cb.jpg](cb.jpg) | ![a3-nobackground.jpg](a3-nobackground.jpg) |
| **Chris Lo** | **Rose Kopecky** | **Charles Buffum** | **Danna Tao** |
| Investor Relations | Investor Relations | Investor Relations | Investor Relations |
| Manager | Manager | Manager | Manager |

---

**investor.relations@t-mobile.com** 

**https://investor.t-mobile.com**

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

---

| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **16** |

---

**T-Mobile US, Inc.**

**Condensed Consolidated Balance Sheets** 

**(Unaudited)**

---

| | | |
|:---|:---|:---|
| **(in millions, except share and per share amounts)** | **June 30,<br>2025** | **December 31,<br>2024** |
| **Assets** | | |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $10259 | $5409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net of allowance for credit losses of $172 and $176 | 4598 | 4276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $625 and $656 | 4226 | 4379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | 1690 | 1607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 1125 | 880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 4874 | 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 26772 | 18404 |
| Property and equipment, net | 37481 | 38533 |
| Operating lease right-of-use assets | 24735 | 25398 |
| Financing lease right-of-use assets | 3105 | 3091 |
| Goodwill | 13460 | 13005 |
| Spectrum licenses | 95928 | 100558 |
| Other intangible assets, net | 2438 | 2512 |
| Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $151 and $158 | 1975 | 2209 |
| Other assets | 6749 | 4325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $212643 | $208035 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $7802 | $8463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term debt | 6408 | 4068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 1217 | 1222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term operating lease liabilities | 3343 | 3281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term financing lease liabilities | 1157 | 1175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 2175 | 1965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 22102 | 20174 |
| Long-term debt | 75018 | 72700 |
| Long-term debt to affiliates | 1497 | 1497 |
| Tower obligations | 3603 | 3664 |
| Deferred tax liabilities | 18468 | 16700 |
| Operating lease liabilities | 25646 | 26408 |
| Financing lease liabilities | 1188 | 1151 |
| Other long-term liabilities | 4014 | 4000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total long-term liabilities | 129434 | 126120 |
| Commitments and contingencies |  |  |
| Stockholders' equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,274,176,396 and 1,271,074,364 shares issued, 1,127,450,618 and 1,144,579,681 shares outstanding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 69008 | 68798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock, at cost, 146,725,778 and 126,494,683 shares issued | (25569) | (20584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (908) | (857) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 18576 | 14384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 61107 | 61741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $212643 | $208035 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

---

| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **17** |

---

**T-Mobile US, Inc.**

**Condensed Consolidated Statements of Comprehensive Income**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except share and per share amounts)** | **June 30,<br>2025** | **March 31,<br>2025** | **June 30,<br>2024** | **2025** | **2024** |
| **Revenues** |  |  |  |  |  |
| Postpaid revenues | $14078 | $13594 | $12899 | $27672 | $25530 |
| Prepaid revenues | 2643 | 2643 | 2592 | 5286 | 4995 |
| Wholesale and other service revenues | 717 | 688 | 938 | 1405 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total service revenues | 17438 | 16925 | 16429 | 34363 | 32525 |
| Equipment revenues | 3439 | 3704 | 3106 | 7143 | 6357 |
| Other revenues | 255 | 257 | 237 | 512 | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenues | 21132 | 20886 | 19772 | 42018 | 39366 |
| **Operating expenses** |  |  |  |  |  |
| Cost of services, exclusive of depreciation and amortization shown separately below | 2717 | 2602 | 2664 | 5319 | 5352 |
| Cost of equipment sales, exclusive of depreciation and amortization shown separately below | 4659 | 4798 | 4088 | 9457 | 8487 |
| Selling, general and administrative | 5397 | 5488 | 5142 | 10885 | 10280 |
| Depreciation and amortization | 3146 | 3198 | 3248 | 6344 | 6619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 15919 | 16086 | 15142 | 32005 | 30738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income | 5213 | 4800 | 4630 | 10013 | 8628 |
| **Other expense, net** |  |  |  |  |  |
| Interest expense, net | (922) | (916) | (854) | (1838) | (1734) |
| Other (expense) income, net | (11) | (46) | (8) | (57) | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense, net | (933) | (962) | (862) | (1895) | (1722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 4280 | 3838 | 3768 | 8118 | 6906 |
| Income tax expense | (1058) | (885) | (843) | (1943) | (1607) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $3222 | $2953 | $2925 | $6175 | $5299 |
| Net income | $3222 | $2953 | $2925 | $6175 | $5299 |
| **Other comprehensive income (loss), net of tax** |  |  |  |  |  |
| Reclassification of loss from cash flow hedges, net of tax effect of $16, $16, $15, $32 and $30 | 47 | 46 | 43 | 93 | 86 |
| Gains (losses) on fair value hedges, net of tax effect of $13, $(61), $(10), $(48) and $(10) | 37 | (177) | (30) | (140) | (30) |
| Unrealized loss on foreign currency translation adjustment, net of tax effect of $0, $0, $0, $0 and $0 | (1) |  |  | (1) |  |
| Amortization of actuarial gain, net of tax effect of $(1), $0, $(1), $(1) and $(3) | (2) | (1) | (4) | (3) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive income (loss) | 81 | (132) | 9 | (51) | 47 |
| Total comprehensive income | $3303 | $2821 | $2934 | $6124 | $5346 |
| **Earnings per share** |  |  |  |  |  |
| Basic | $2.84 | $2.59 | $2.50 | $5.43 | $4.50 |
| Diluted | $2.84 | $2.58 | $2.49 | $5.42 | $4.49 |
| **Weighted-average shares outstanding** |  |  |  |  |  |
| Basic | 1132760465 | 1140537935 | 1170025862 | 1136627715 | 1177662179 |
| Diluted | 1134846966 | 1144655297 | 1172447353 | 1139770739 | 1180929879 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

---

| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **18** |

---

**T-Mobile US, Inc.**

**Condensed Consolidated Statements of Cash Flows** 

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions)** | **June 30,<br>2025** | **March 31,<br>2025** | **June 30,<br>2024** | **2025** | **2024** |
| **Operating activities** |  |  |  |  |  |
| Net income | $3222 | $2953 | $2925 | $6175 | $5299 |
| Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 3146 | 3198 | 3248 | 6344 | 6619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 200 | 186 | 164 | 386 | 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax expense | 937 | 771 | 747 | 1708 | 1462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bad debt expense | 265 | 323 | 255 | 588 | 537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Losses from sales of receivables | 19 | 22 | 25 | 41 | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (338) | (93) | (1286) | (431) | (1702) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment installment plan receivables | 65 | 24 | 155 | 89 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | 264 | (318) | 221 | (54) | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease right-of-use assets | 883 | 855 | 872 | 1738 | 1728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current and long-term assets | (671) | 10 | (416) | (661) | (256) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | 107 | (268) | 38 | (161) | (1696) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short- and long-term operating lease liabilities | (886) | (898) | (1148) | (1784) | (2165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current and long-term liabilities | (82) | (88) | (360) | (170) | (532) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other, net | (139) | 170 | 81 | 31 | 138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities | 6992 | 6847 | 5521 | 13839 | 10605 |
| **Investing activities** |  |  |  |  |  |
| Purchases of property and equipment, including capitalized interest of $(10), $(10), $(8), $(20) and $(17) | (2396) | (2451) | (2040) | (4847) | (4667) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (842) | (73) | (156) | (915) | (217) |
| Proceeds from the sale of property, equipment and intangible assets | 2066 | 7 | 7 | 2073 | 23 |
| Proceeds related to beneficial interests in securitization transactions |  |  | 958 |  | 1848 |
| Acquisition of companies, net of cash acquired | 1 | (727) | (390) | (726) | (390) |
| Investments in unconsolidated affiliates, net | (908) | (75) |  | (983) |  |
| Other, net | 520 | (90) | (57) | 430 | (62) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (1559) | (3409) | (1678) | (4968) | (3465) |
| **Financing activities** |  |  |  |  |  |
| Proceeds from issuance of long-term debt, net | (6) | 7774 | 2136 | 7768 | 5609 |
| Repayments of financing lease obligations | (331) | (315) | (351) | (646) | (678) |
| Repayments of long-term debt | (3257) | (479) | (2723) | (3736) | (2946) |
| Repurchases of common stock | (2555) | (2494) | (2387) | (5049) | (5981) |
| Dividends on common stock | (996) | (1003) | (759) | (1999) | (1528) |
| Tax withholdings on share-based awards | (30) | (272) | (16) | (302) | (208) |
| Other, net | (30) | (18) | (34) | (48) | (68) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash (used in) provided by financing activities | (7205) | 3193 | (4134) | (4012) | (5800) |
| &nbsp;&nbsp;&nbsp;&nbsp;Effect of exchange rate changes on cash and cash equivalents, including restricted cash | 13 |  |  | 13 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in cash and cash equivalents, including restricted cash | (1759) | 6631 | (291) | 4872 | 1340 |
| **Cash and cash equivalents, including restricted cash** |  |  |  |  |  |
| Beginning of period | 12344 | 5713 | 6938 | 5713 | 5307 |
| End of period | $10585 | $12344 | $6647 | $10585 | $6647 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **19** |

---

**T-Mobile US, Inc.**

**Condensed Consolidated Statements of Cash Flows** **(Continued)**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions)** | **June 30,<br>2025** | **March 31,<br>2025** | **June 30,<br>2024** | **2025** | **2024** |
| **Supplemental disclosure of cash flow information** |  |  |  |  |  |
| Interest payments, net of amounts capitalized | $992 | $934 | $935 | $1926 | $1831 |
| Operating lease payments | 1202 | 1214 | 1457 | 2416 | 2801 |
| Income tax payments | 347 | 15 | 107 | 362 | 114 |
| **Non-cash investing and financing activities** |  |  |  |  |  |
| Non-cash beneficial interest obtained in exchange for securitized receivables | $— | $— | $833 | $— | $1494 |
| Change in accounts payable and accrued liabilities for purchases of property and equipment | (131) | (463) | (232) | (594) | (1126) |
| Operating lease right-of-use assets obtained in exchange for lease obligations | 593 | 481 | 344 | 1074 | 831 |
| Financing lease right-of-use assets obtained in exchange for lease obligations | 430 | 248 | 311 | 678 | 574 |
| Deferred consideration related to the Ka'ena Acquisition |  |  | 210 |  | 210 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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---

| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **20** |

---

**T-Mobile US, Inc.**

**Supplementary Operating and Financial Data**

**(Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Customers, end of period** |  |  |  |  |  |  |  |  |
| Postpaid phone customers  | 76468 | 77245 | 78110 | 79013 | 79508 | 80338 | 77245 | 80338 |
| Postpaid other customers <sup>(1)</sup> | 22804 | 23365 | 24075 | 25105 | 25947 | 26946 | 23365 | 26946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total postpaid customers | 99272 | 100610 | 102185 | 104118 | 105455 | 107284 | 100610 | 107284 |
| Prepaid customers <sup>(2)</sup> | 21600 | 25283 | 25307 | 25410 | 25455 | 25494 | 25283 | 25494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total customers | 120872 | 125893 | 127492 | 129528 | 130910 | 132778 | 125893 | 132778 |
| Adjustments to customers <sup>(1) (2)</sup> |  | 3504 |  |  |  | 97 | 3504 | 97 |

---

(1)In the second quarter of 2025, we acquired 97,000 fiber customers from Lumos.

(2)In the second quarter of 2024, we acquired 3,504,000 prepaid customers through our acquisition of Ka'ena, which includes the impact of certain base adjustments to align the policies of Ka'ena and T-Mobile.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Net customer additions (losses)** |  |  |  |  |  |  |  |  |
| Postpaid phone customers | 532 | 777 | 865 | 903 | 495 | 830 | 1309 | 1325 |
| Postpaid other customers | 688 | 561 | 710 | 1030 | 842 | 902 | 1249 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total postpaid customers | 1220 | 1338 | 1575 | 1933 | 1337 | 1732 | 2558 | 3069 |
| Prepaid customers | (48) | 179 | 24 | 103 | 45 | 39 | 131 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total net customer additions | 1172 | 1517 | 1599 | 2036 | 1382 | 1771 | 2689 | 3153 |
| Migrations from prepaid to postpaid plans | 145 | 140 | 175 | 160 | 115 | 205 | 285 | 320 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Churn** |  |  |  |  |  |  |  |  |
| Postpaid phone churn | 0.86% | 0.80% | 0.86% | 0.92% | 0.91% | 0.90% | 0.83% | 0.90% |
| Prepaid churn | 2.75% | 2.54% | 2.78% | 2.85% | 2.68% | 2.65% | 2.64% | 2.67% |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Postpaid upgrade rate** |  |  |  |  |  |  |  |  |
| Postpaid device upgrade rate | 2.4% | 2.3% | 2.6% | 3.6% | 2.8% | 2.5% | 4.9% | 5.3% |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

------

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **21** |

---

**T-Mobile US, Inc.**

**Supplementary Operating and Financial Data**

**(Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Accounts, end of period** |  |  |  |  |  |  |  |  |
| Total postpaid accounts <sup>(1)</sup> | 30015 | 30316 | 30631 | 30894 | 31099 | 31502 | 30316 | 31502 |

---

(1)In the second quarter of 2025, we acquired 85,000 postpaid accounts from Lumos.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Net account additions** |  |  |  |  |  |  |  |  |
| Postpaid net account additions | 218 | 301 | 315 | 263 | 205 | 318 | 519 | 523 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **5G broadband customers, end of period** |  |  |  |  |  |  |  |  |
| Postpaid 5G broadband customers | 4634 | 4992 | 5377 | 5742 | 6129 | 6556 | 4992 | 6556 |
| Prepaid 5G broadband customers | 547 | 595 | 625 | 688 | 725 | 752 | 595 | 752 |
| &nbsp;&nbsp;&nbsp;Total 5G broadband customers, end of period | 5181 | 5587 | 6002 | 6430 | 6854 | 7308 | 5587 | 7308 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in thousands)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **5G broadband - net customer additions** |  |  |  |  |  |  |  |  |
| Postpaid 5G broadband customers | 346 | 358 | 385 | 365 | 387 | 427 | 704 | 814 |
| Prepaid 5G broadband customers | 59 | 48 | 30 | 63 | 37 | 27 | 107 | 64 |
| &nbsp;&nbsp;&nbsp;Total 5G broadband net customer additions | 405 | 406 | 415 | 428 | 424 | 454 | 811 | 878 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Device financing - equipment installment plans** |  |  |  |  |  |  |  |  |
| Gross EIP financed | $3218 | $3037 | $3304 | $4689 | $3565 | $3503 | $6255 | $7068 |
| EIP billings | 3880 | 3604 | 3423 | 3509 | 3551 | 3553 | 7484 | 7104 |
| EIP receivables, net | 5967 | 5556 | 5347 | 6588 | 6405 | 6201 | 5556 | 6201 |
| **Device financing - leased devices** |  |  |  |  |  |  |  |  |
| Lease revenues | $35 | $26 | $21 | $11 | $1 | $6 | $61 | $7 |
| Leased device depreciation | 22 | 15 | 11 | 6 | 4 | 1 | 37 | 5 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in dollars)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Operating measures** |  |  |  |  |  |  |  |  |
| Postpaid ARPA | $140.88 | $142.54 | $145.60 | $146.28 | $146.22 | $149.87 | $141.71 | $148.06 |
| Postpaid phone ARPU | 48.79 | 49.07 | 49.79 | 49.73 | 49.38 | 50.62 | 48.93 | 50.00 |
| Prepaid ARPU | 37.18 | 35.94 | 35.81 | 35.49 | 34.67 | 34.63 | 36.52 | 34.65 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **22** |

---

**T-Mobile US, Inc.** 

**Supplementary Operating and Financial Data (continued)**

**(Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except percentages)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Financial measures** |  |  |  |  |  |  |  |  |
| Service revenues | $16096 | $16429 | $16725 | $16928 | $16925 | $17438 | $32525 | $34363 |
| Equipment revenues | $3251 | $3106 | $3207 | $4699 | $3704 | $3439 | $6357 | $7143 |
| &nbsp;&nbsp;&nbsp;Lease revenues | 35 | 26 | 21 | 11 | 1 | 6 | 61 | 7 |
| Equipment sales | $3216 | $3080 | $3186 | $4688 | $3703 | $3433 | $6296 | $7136 |
| Total revenues | $19594 | $19772 | $20162 | $21872 | $20886 | $21132 | $39366 | $42018 |
| Net income | $2374 | $2925 | $3059 | $2981 | $2953 | $3222 | $5299 | $6175 |
| Net income margin | 14.7% | 17.8% | 18.3% | 17.6% | 17.4% | 18.5% | 16.3% | 18.0% |
| Adjusted EBITDA | $7652 | $8053 | $8243 | $7916 | $8259 | $8547 | $15705 | $16806 |
| Adjusted EBITDA margin | 47.5% | 49.0% | 49.3% | 46.8% | 48.8% | 49.0% | 48.3% | 48.9% |
| Core Adjusted EBITDA | $7617 | $8027 | $8222 | $7905 | $8258 | $8541 | $15644 | $16799 |
| Core Adjusted EBITDA margin | 47.3% | 48.9% | 49.2% | 46.7% | 48.8% | 49.0% | 48.1% | 48.9% |
| Cost of services, exclusive of depreciation and amortization | $2688 | $2664 | $2722 | $2697 | $2602 | $2717 | $5352 | $5319 |
| &nbsp;&nbsp;&nbsp;Sprint Merger-related costs | 107 | 73 |  |  |  |  | 180 |  |
| &nbsp;&nbsp;&nbsp;Other Special Items | 1 |  | 67 | 75 | 20 | 28 | 1 | 48 |
| Cost of services, excluding depreciation and amortization and Special Items | $2580 | $2591 | $2655 | $2622 | $2582 | $2689 | $5171 | $5271 |
| Cost of equipment sales, exclusive of depreciation and amortization | $4399 | $4088 | $4307 | $6088 | $4798 | $4659 | $8487 | $9457 |
| Selling, general and administrative | $5138 | $5142 | $5186 | $5352 | $5488 | $5397 | $10280 | $10885 |
| &nbsp;&nbsp;&nbsp;Sprint Merger-related costs (gain), net | 23 | (82) |  |  |  |  | (59) |  |
| &nbsp;&nbsp;&nbsp;Other Special Items | 12 | 37 | 86 | (50) | 73 | (18) | 49 | 55 |
| Selling, general and administrative, excluding Special Items | $5103 | $5187 | $5100 | $5402 | $5415 | $5415 | $10290 | $10830 |
| Total bad debt expense and losses from sales of receivables | $303 | $280 | $322 | $349 | $345 | $284 | $583 | $629 |
| Bad debt and losses from sales of receivables as a percentage of Total revenues | 1.5% | 1.4% | 1.6% | 1.6% | 1.7% | 1.3% | 1.5% | 1.5% |
| Cash purchases of property and equipment including capitalized interest | $2627 | $2040 | $1961 | $2212 | $2451 | $2396 | $4667 | $4847 |
| &nbsp;&nbsp;&nbsp;Capitalized interest | 9 | 8 | 9 | 8 | 10 | 10 | 17 | 20 |
| Net cash proceeds from securitization | $(29) | $(30) | $(29) | $(27) | $(26) | $(23) | $(59) | $(49) |
| Net cash payments for Sprint Merger-related costs | $293 | $241 | $124 | $109 | $61 | $61 | $534 | $122 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **23** |

---

**T-Mobile US, Inc.**

**Supplementary Operating and Financial Data**

**(Unaudited)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except share and per share amounts)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| **Stockholder returns** |  |  |  |  |  |  |  |  |
| Total repurchases | $3568 | $2277 | $644 | $4619 | $2470 | $2469 | $5845 | $4939 |
| &nbsp;&nbsp;&nbsp;Total shares repurchased | 21933790 | 13979843 | 3179707 | 20283582 | 10091227 | 10148791 | 35913633 | 20240018 |
| &nbsp;&nbsp;&nbsp;Average purchase price per share | $162.69 | $162.85 | $202.45 | $227.72 | $244.77 | $243.32 | $162.75 | $244.04 |
| Total dividends paid | $769 | $759 | $758 | $1014 | $1003 | $996 | $1528 | $1999 |
| &nbsp;&nbsp;&nbsp;Dividends per share | $0.65 | $0.65 | $0.65 | $0.88 | $0.88 | $0.88 | $1.30 | $1.76 |
| Total stockholder returns | $4337 | $3036 | $1402 | $5633 | $3473 | $3465 | $7373 | $6938 |
| &nbsp;&nbsp;&nbsp;Cumulative total repurchases | $19775 | $22052 | $22696 | $27315 | $29785 | $32254 | $22052 | $32254 |
| &nbsp;&nbsp;&nbsp;Cumulative shares repurchased | 136220243 | 150200086 | 153379793 | 173663375 | 183754602 | 193903393 | 150200086 | 193903393 |
| &nbsp;&nbsp;&nbsp;Cumulative stockholder returns | $21291 | $24327 | $25729 | $31362 | $34835 | $38300 | $24327 | $38300 |

---

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **24** |

---

**T-Mobile US, Inc.**

**Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures**

**(Unaudited)**

This Investor Factbook includes non-GAAP financial measures. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. Reconciliations for the non-GAAP financial measures to the most directly comparable GAAP financial measures are provided below. T-Mobile is not able to forecast Net income on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect GAAP net income, including, but not limited to, Income tax expense and Interest expense. Adjusted EBITDA and Core Adjusted EBITDA should not be used to predict Net income, as the difference between either of these measures and Net income is variable.

Adjusted EBITDA and Core Adjusted EBITDA are reconciled to Net income as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except percentages)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| Net income | $2374 | $2925 | $3059 | $2981 | $2953 | $3222 | $5299 | $6175 |
| Adjustments: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense, net | 880 | 854 | 836 | 841 | 916 | 922 | 1734 | 1838 |
| &nbsp;&nbsp;&nbsp;Other (income) expense, net | (20) | 8 | (7) | (94) | 46 | 11 | (12) | 57 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 764 | 843 | 908 | 858 | 885 | 1058 | 1607 | 1943 |
| Operating income | 3998 | 4630 | 4796 | 4586 | 4800 | 5213 | 8628 | 10013 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 3371 | 3248 | 3151 | 3149 | 3198 | 3146 | 6619 | 6344 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation <sup>(1)</sup> | 140 | 147 | 143 | 156 | 168 | 178 | 287 | 346 |
| &nbsp;&nbsp;&nbsp;Sprint Merger-related costs (gain), net <sup>(2)</sup> | 130 | (9) |  |  |  |  | 121 |  |
| &nbsp;&nbsp;&nbsp;UScellular Merger-related costs <sup>(3)</sup> |  |  | 16 | 10 | 14 | 33 |  | 47 |
| &nbsp;&nbsp;&nbsp;Legal-related expenses (recoveries), net <sup>(4)</sup> |  | 15 | 1 | (105) | 6 | (4) | 15 | 2 |
| &nbsp;&nbsp;&nbsp;Other, net <sup>(5)</sup> | 13 | 22 | 136 | 120 | 73 | (19) | 35 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA | 7652 | 8053 | 8243 | 7916 | 8259 | 8547 | 15705 | 16806 |
| &nbsp;&nbsp;&nbsp;Lease revenues | (35) | (26) | (21) | (11) | (1) | (6) | (61) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Core Adjusted EBITDA | $7617 | $8027 | $8222 | $7905 | $8258 | $8541 | $15644 | $16799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income margin (Net income divided by Service revenues) | 14.7% | 17.8% | 18.3% | 17.6% | 17.4% | 18.5% | 16.3% | 18.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA margin (Adjusted EBITDA divided by Service revenues) | 47.5% | 49.0% | 49.3% | 46.8% | 48.8% | 49.0% | 48.3% | 48.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Core Adjusted EBITDA margin (Core Adjusted EBITDA divided by Service revenues) | 47.3% | 48.9% | 49.2% | 46.7% | 48.8% | 49.0% | 48.1% | 48.9% |

---

(1)Stock-based compensation includes payroll tax impacts and may not agree to stock-based compensation expense on the Condensed Consolidated Financial Statements. Additionally, certain stock-based compensation expenses associated with the merger with Sprint Corporation (the "Sprint Merger") have been included in Sprint Merger-related costs (gain), net.

(2)Sprint Merger-related costs (gain), net, for the three months ended June 30, 2024, includes the $100 million gain recognized for the extension fee previously paid by DISH associated with the license purchase agreement for 800 MHz spectrum licenses, which was not purchased.

(3)UScellular Merger-related costs generally include pre-merger consulting and legal fees.

(4)Legal-related expenses (recoveries), net, consists of the settlement of certain litigation and compliance costs associated with the August 2021 cyberattack and is presented net of insurance recoveries.

(5)Other, net, primarily consists of certain severance, restructuring and other expenses, gains and losses, not directly attributable to the Sprint Merger or UScellular Merger, which are not reflective of T-Mobile's core business activities and are, therefore, excluded from Adjusted EBITDA and Core Adjusted EBITDA.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| | |
|:---|:---|
| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **25** |

---

**T-Mobile US, Inc.**

**Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (continued)**

**(Unaudited)** 

Net debt (excluding tower obligations) to the LTM Net income, LTM Adjusted EBITDA and LTM Core Adjusted EBITDA ratios are calculated as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **(in millions, except net debt ratios)** | **Mar 31,<br>2024** | **Jun 30,<br>2024** | **Sep 30,<br>2024** | **Dec 31,<br>2024** | **Mar 31,<br>2025** | **Jun 30,<br>2025** |
| Short-term debt | $5356 | $5867 | $5851 | $4068 | $8214 | $6408 |
| Short-term financing lease liabilities | 1265 | 1252 | 1252 | 1175 | 1136 | 1157 |
| Long-term debt | 71361 | 70203 | 72522 | 72700 | 76033 | 75018 |
| Long-term debt to affiliates | 1496 | 1496 | 1497 | 1497 | 1497 | 1497 |
| Financing lease liabilities | 1163 | 1133 | 1185 | 1151 | 1117 | 1188 |
| Less: Cash and cash equivalents | (6708) | (6417) | (9754) | (5409) | (12003) | (10259) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net debt (excluding tower obligations) | $73933 | $73534 | $72553 | $75182 | $75994 | $75009 |
| Divided by: Last twelve months Net income | $8751 | $9455 | $10372 | $11339 | $11918 | $12215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net debt (excluding tower obligations) to LTM Net income Ratio | 8.4 | 7.8 | 7.0 | 6.6 | 6.4 | 6.1 |
| Divided by: Last twelve months Adjusted EBITDA | $29881 | $30529 | $31172 | $31864 | $32471 | $32965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net debt (excluding tower obligations) to LTM Adjusted EBITDA Ratio | 2.5 | 2.4 | 2.3 | 2.4 | 2.3 | 2.3 |
| Divided by: Last twelve months Core Adjusted EBITDA | $29681 | $30372 | $31047 | $31771 | $32412 | $32926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net debt (excluding tower obligations) to LTM Core Adjusted EBITDA Ratio | 2.5 | 2.4 | 2.3 | 2.4 | 2.3 | 2.3 |

---

Adjusted Free Cash Flow is calculated as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Quarter** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| **(in millions, except percentages)** | **Q1 2024** | **Q2 2024** | **Q3 2024** | **Q4 2024** | **Q1 2025** | **Q2 2025** | **2024** | **2025** |
| Net cash provided by operating activities <sup>(1)</sup> | $5084 | $5521 | $6139 | $5549 | $6847 | $6992 | $10605 | $13839 |
| Cash purchases of property and equipment, including capitalized interest | (2627) | (2040) | (1961) | (2212) | (2451) | (2396) | (4667) | (4847) |
| Proceeds related to beneficial interests in securitization transactions <sup>(1)</sup> | 890 | 958 | 984 | 747 |  |  | 1848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $3347 | $4439 | $5162 | $4084 | $4396 | $4596 | $7786 | $8992 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities margin | 31.6% | 33.6% | 36.7% | 32.8% | 40.5% | 40.1% | 32.6% | 40.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow margin | 20.8% | 27.0% | 30.9% | 24.1% | 26.0% | 26.4% | 23.9% | 26.2% |

---

(1)Effective November 1, 2024, following amendments to the company's Equipment Installment Plan Sale and Service Receivable Sale arrangements, all cash proceeds associated with the sale of such receivables, a portion of which was previously recognized as Proceeds related to beneficial interests in securitization transactions within investing cash flows, were recognized as operating cash flows. These amendments did not have a net impact on Adjusted Free Cash Flow.

![q2-2025_fbxfooter.jpg](q2-2025_fbxfooter.jpg)<br>

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| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **26** |

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**T-Mobile US, Inc.**

**Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (continued)**

**(Unaudited)** 

The current guidance range for Adjusted Free Cash Flow is calculated as follows:

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| | | |
|:---|:---|:---|
| | **FY 2025** | **FY 2025** |
| **(in millions)** | **Guidance Range** | **Guidance Range** |
| Net cash provided by operating activities | $27100 | $27500 |
| Cash purchases of property and equipment, including capitalized interest | (9500) | (9500) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $17600 | $18000 |

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The previous guidance range for Adjusted Free Cash Flow was calculated as follows:

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| | | |
|:---|:---|:---|
| | **FY 2025** | **FY 2025** |
| **(in millions)** | **Guidance Range** | **Guidance Range** |
| Net cash provided by operating activities | $27000 | $27500 |
| Cash purchases of property and equipment, including capitalized interest | (9500) | (9500) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Free Cash Flow | $17500 | $18000 |

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| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **27** |

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**Definitions of Terms**

Operating and financial measures are utilized by T-Mobile's management to evaluate its operating performance and, in certain cases, its ability to meet liquidity requirements. Although companies in the wireless industry may not define measures in precisely the same way, T-Mobile believes the measures facilitate key operating performance comparisons with other companies in the wireless industry to provide management, investors and analysts with useful information to assess and evaluate past performance and assist in forecasting future performance.

**1. Account** - A billing account number that generates revenue. Postpaid accounts generally consist of customers that are qualified for postpaid service utilizing phones, 5G broadband modems, fiber connections, mobile internet devices, including tablets and hotspots, wearables, DIGITS or other connected devices, including SyncUP and IoT, where they generally pay after receiving service.

**2. Customer** - A SIM number with a unique T-Mobile identifier which is associated with an account that generates revenue. Customers are qualified either for postpaid service utilizing phones, 5G broadband modems, fiber connections, mobile internet devices, including tablets and hotspots, wearables, DIGITS or other connected devices, including SyncUP and IoT, where they generally pay after receiving service, or prepaid service, where they generally pay in advance of receiving service.

**3. Churn** - The number of customers whose service was deactivated as a percentage of the average number of customers during the specified period further divided by the number of months in the period. The number of customers whose service was deactivated is presented net of customers that subsequently have their service restored within a certain period of time and excludes customers who received service for less than a certain minimum period of time.

**4. Postpaid Average Revenue Per Account ("ARPA")** - Average monthly postpaid service revenue earned per account. Postpaid service revenues for the specified period divided by the average number of postpaid accounts during the period, further divided by the number of months in the period.

**Average Revenue Per User ("ARPU")** - Average monthly service revenue earned per customer. Service revenues for the specified period divided by the average number of customers during the period, further divided by the number of months in the period.

Postpaid phone ARPU excludes postpaid other customers and related revenues.

**Service revenues** - Postpaid, including handset insurance, prepaid, wholesale and other service revenues.

**5. Cost of services** - Costs directly attributable to providing wireless service through the operation of T-Mobile's network, including direct switch and cell site costs, such as rent, network access and transport costs, utilities, maintenance, associated labor costs, long distance costs, regulatory program costs, roaming fees paid to other carriers and data content costs.

**Cost of equipment sales** - Costs of devices and accessories sold to customers and dealers, device costs to fulfill insurance and warranty claims, write-downs of inventory related to shrinkage and obsolescence, and shipping and handling costs.

**Selling, general and administrative expenses** - Costs not directly attributable to providing wireless service for the operation of sales, customer care and corporate activities. These include all commissions paid to dealers and retail employees for activations and upgrades, labor and facilities costs associated with retail sales force and administrative space, marketing and promotional costs, customer support and billing, bad debt expense and administrative support activities.

**6. Net income margin** - Net income divided by Service revenues.

**7. Adjusted EBITDA and Core Adjusted EBITDA** - Adjusted EBITDA represents earnings before Interest expense, net of Interest income, Income tax expense, Depreciation and amortization, stock-based compensation and Special Items. Core Adjusted EBITDA represents Adjusted EBITDA less device lease revenues. Core Adjusted EBITDA and Adjusted EBITDA are non-GAAP financial measures utilized by T-Mobile's management, including our chief operating decision maker, to monitor the financial performance of our operations and allocate resources of the Company as a whole. T-Mobile historically used Adjusted EBITDA and T-Mobile currently uses Core Adjusted EBITDA internally as a measure to evaluate and compensate its personnel and management for their performance. T-Mobile uses Adjusted EBITDA and Core Adjusted EBITDA as benchmarks to evaluate its operating performance in comparison to competitors. Management believes analysts and investors use Core Adjusted EBITDA and Adjusted EBITDA as supplemental measures to evaluate overall operating performance and to facilitate comparisons with other wireless communications services companies because they are indicative of T-Mobile's ongoing operating performance and trends by excluding the impact of Interest expense from financing, non-cash depreciation and amortization from capital investments, non-cash stock-based compensation and Special Items. Management believes analysts and investors use Core Adjusted EBITDA because it normalizes for the transition in the company's device financing strategy, by excluding the impact of device lease revenues from Adjusted EBITDA, to align with the related depreciation expense on leased devices, which is excluded from the definition of Adjusted EBITDA. Core Adjusted EBITDA and Adjusted EBITDA have limitations as analytical tools and should not be considered in isolation or as a substitute for Income from operations, Net income or any other measure of financial performance reported in accordance with U.S. Generally Accepted Accounting Principles ("GAAP").

**8. Special Items** - Certain expenses, gains, and losses which are not reflective of our ongoing performance. Special Items include Sprint Merger-related costs (gain), net, UScellular Merger-related costs, certain legal-related recoveries and expenses, restructuring costs not directly attributable to the Sprint Merger or UScellular Merger (including severance), and other non-core gains and losses.

**9. Adjusted EBITDA margin and Core Adjusted EBITDA margin** - Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Service revenues. Core Adjusted EBITDA margin is calculated as Core Adjusted EBITDA divided by Service revenues. Adjusted EBITDA margin and Core Adjusted EBITDA margin are non-GAAP financial measures utilized by T-Mobile's management, including our chief operating decision maker, to monitor the financial performance of our operations and allocate resources of the Company as a whole.

**10. Net cash provided by operating activities margin** - Net cash provided by operating activities margin is calculated as Net cash provided by operating activities divided by Service revenues.

**11. Adjusted Free Cash Flow** - Net cash provided by operating activities less cash payments for purchases of property and equipment, plus proceeds from sales of tower sites and proceeds related to beneficial interests in securitization transactions. Adjusted Free Cash Flow is utilized by T-Mobile's management, investors, and analysts of our financial information to evaluate cash available to pay debt, repurchase shares, pay dividends and provide further investment in the business.

**12. Adjusted Free Cash Flow margin** - Adjusted Free Cash Flow margin is calculated as Adjusted Free Cash Flow divided by Service revenues. Adjusted Free Cash Flow Margin is utilized by T-Mobile's management, investors, and analysts to evaluate the company's ability to convert service revenue efficiently into cash available to pay debt, repurchase shares, pay dividends and provide further investment in the business.

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| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **28** |

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**13. Net debt** - Short-term debt, short-term debt to affiliates, long-term debt (excluding tower obligations), and long-term debt to affiliates, short-term financing lease liabilities and financing lease liabilities, less cash and cash equivalents.

**14. Sprint Merger-related costs** include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Integration costs to achieve efficiencies in network, retail, information technology and back office operations, migrate customers to the T-Mobile network and billing systems and the impact of legal matters assumed as part of the Sprint Merger;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Restructuring costs, including severance, store rationalization and network decommissioning; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Transaction costs, including legal and professional services related to the completion of the Sprint Merger and the acquisitions of affiliates.

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| ![fb-header_q2x2023xtables.jpg](fb-header_q2x2023xtables.jpg) | **29** |

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**Cautionary Statement Regarding Forward-Looking Statements** 

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including information concerning T-Mobile US, Inc.'s future results of operations, are forward-looking statements. These forward-looking statements are generally identified by the words "anticipate," "believe," "estimate," "expect," "intend," "may," "could" or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties and may cause actual results to differ materially from the forward-looking statements. Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: competition, industry consolidation and changes in the market for wireless communications services and other forms of connectivity; criminal cyberattacks, disruption, data loss or other security breaches; our inability to timely adopt and effectively deploy network technology developments; our inability to effectively execute our digital transformation and drive customer and employee adoption of emerging technologies; our inability to retain or motivate key personnel, hire qualified personnel or maintain our corporate culture; system failures and business disruptions, allowing for unauthorized use of or interference with our network and other systems; the scarcity and cost of additional wireless spectrum, and regulations relating to spectrum use; the timing and effects of any pending and future acquisition, divestiture, investment, joint venture or merger involving us, including our inability to obtain any required regulatory approval necessary to consummate any such transactions or to achieve the expected benefits of such transactions; adverse economic, political or market conditions in the U.S. and international markets, including changes resulting from increases in inflation or interest rates, tariffs and trade restrictions, supply chain disruptions, fluctuations in global currencies, immigration policies, and impacts of geopolitical instability, such as the Ukraine-Russia and Israel-Hamas wars and further escalations thereof; potential operational delays, higher procurement and operational costs, and regulatory and compliance complexities as result of changes to trade policies, including higher tariffs, restrictions and other economic disincentives to trade; our inability to successfully deliver new products and services; any disruption or failure of our third parties (including key suppliers) to provide products or services for the operation of our business; sociopolitical volatility and polarization and risks related to environmental, social and governance matters; our substantial level of indebtedness and our inability to service our debt obligations in accordance with their terms; changes in the credit market conditions, credit rating downgrades or an inability to access debt markets; our inability to maintain effective internal control over financial reporting; any changes in regulations or in the regulatory framework under which we operate; laws and regulations relating to the handling of privacy, data protection and artificial intelligence; unfavorable outcomes of and increased costs from existing or future regulatory or legal proceedings; difficulties in protecting our intellectual property rights or if we infringe on the intellectual property rights of others; our offering of regulated financial services products and exposure to a wide variety of state and federal regulations; new or amended tax laws or regulations or administrative interpretations and judicial decisions affecting the scope or application of tax laws or regulations; our wireless licenses, including those controlled through leasing agreements, are subject to renewal and may be revoked; our exclusive forum provision as provided in our Certificate of Incorporation; interests of Deutsche Telekom AG ("DT"), our controlling stockholder, which may differ from the interests of other stockholders; our current and future stockholder return programs may not be fully utilized, and our share repurchases and dividend payments pursuant thereto may fail to have the desired impact on stockholder value; future sales of our common stock by DT and SoftBank Group Corp. and our inability to attract additional equity financing outside the United States due to foreign ownership limitations by the Federal Communications Commission; and other risks as disclosed in our most recent annual report on Form 10-K, and subsequent Forms 10-Q and other filings with the Securities and Exchange Commission. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.

**About T-Mobile US, Inc.** 

T-Mobile US, Inc. (NASDAQ: TMUS) is America's supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile's customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: http://www.t-mobile.com.

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