MachTen, Inc. announced financial results for Q3 2025, with revenue at $4.3 million, flat from Q3 2024, due to new fiber-optic subscribers offset by declines in copper-based customers. Operating profit was $1.1 million, impacted by higher costs. Net income was $496,000, down from $1.7 million. EBITDA was $1.9 million.

Michigan Broadband expanded its fiber network with 150 miles of fiber optic network built and 2,030 fiber-internet customers by Sept 30, 2025. They aim to exceed 12,000 fiber passings by year-end. The company plans to reach ~3,500 new fiber passings in 2025 under the Enhanced-ACAM program.

Construction will resume on ReConnect projects in Q4 2025 to enhance connectivity for 2,500 locations. Michigan Broadband achieved network modernization milestones with a new monitoring platform for better reliability. An Operating Services Agreement with UP Fiber is nearing completion.

As of Sept 30, 2025, MachTen had $1.6 million in cash and $17 million outstanding debt. The company remains focused on prioritizing fiber builds and capital investments. EBITDA, a key financial indicator, was $1.9 million for Q3 2025, indicating sufficient operating cash flow.

MachTen, Inc. is a holding company for Michigan Broadband Services, UPTC, MCBC, and Alpha Enterprises Ltd., offering broadband internet and communication services. The company focuses on strategic fiber network expansion plans and operational improvements to drive long-term growth and value for stakeholders. Investors can find more information on their website.

Read more at GlobeNewswire: MachTen Reports Results for the Third Quarter of 2025