ADTN · Adtran Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $286.09M | - | $279.44M | $265.07M | $247.74M | - | $227.70M | $225.99M | $226.17M | - |
| Cost of Revenue | $173.10M | - | $144.67M | $166.14M | $155.86M | - | $142.45M | $144.42M | $153.92M | - |
| Gross Profit | $112.99M | - | $107.13M | $98.92M | $95.18M | - | $85.25M | $81.58M | $72.25M | - |
| R&D | $50.78M | - | $51.68M | $51.90M | $48.86M | - | $51.62M | $60.39M | $60.25M | - |
| SG&A | $55.84M | - | $58.23M | $60.35M | $50.28M | - | $57.62M | $59.49M | $59.10M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $24.92M | - | $7.20M | $7.00M | $21.60M | - | $8.70M | $8.10M | $22.53M | - |
| Operating Income | $6.38M | - | ($2.79M) | ($13.32M) | ($3.97M) | - | ($23.98M) | ($38.31M) | ($339.68M) | - |
| Interest Expense | $4.24M | - | $5.50M | $4.56M | $4.76M | - | $5.68M | $6.91M | $4.60M | - |
| Income Tax | $1.92M | - | $1.20M | $1.02M | ($397.0K) | - | $390.0K | $2.14M | ($18.65M) | - |
| Net Income | ($1.32M) | - | ($10.26M) | ($20.53M) | ($11.27M) | - | ($31.24M) | ($49.87M) | ($324.55M) | - |
| EPS - Basic | ($0.01) | - | ($0.12) | ($0.24) | ($0.14) | - | ($0.36) | ($0.63) | ($4.12) | - |
| EPS - Diluted | ($0.01) | - | ($0.12) | ($0.24) | ($0.14) | - | ($0.36) | ($0.63) | ($4.12) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88.27M | $95.70M | $93.68M | $106.27M | $101.32M | $77.57M | $88.46M | $111.19M | $106.76M | $87.17M |
| Accounts Receivable | $215.47M | $210.69M | $178.62M | $164.77M | $166.52M | $178.03M | $172.03M | $186.18M | $187.55M | $216.44M |
| Inventory | $209.00M | $215.74M | $223.75M | $240.08M | $253.64M | $269.34M | $282.93M | $287.86M | $322.15M | $362.30M |
| Accounts Payable | $170.60M | $167.34M | $188.95M | $178.29M | $171.91M | $170.45M | $173.35M | $158.55M | $159.08M | $162.92M |
| Current Assets | $634.22M | $635.22M | $603.12M | $607.23M | $611.85M | $610.61M | $638.86M | $668.32M | $696.96M | $736.86M |
| Total Assets | $1.19B | $1.20B | $1.21B | $1.22B | $1.19B | $1.18B | $1.27B | $1.29B | $1.33B | $1.68B |
| Current Liabilities | $359.21M | $361.86M | $307.75M | $309.66M | $303.44M | $293.64M | $304.82M | $289.71M | $282.75M | $279.51M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $678.52M | $685.34M | $665.24M | $644.59M | $631.41M | $622.01M | $637.38M | $630.81M | $620.49M | $636.93M |
| Stockholders' Equity | $137.53M | $145.83M | $141.58M | $169.61M | $138.89M | $134.41M | $213.99M | $220.23M | $265.78M | $593.82M |
| Retained Earnings | ($731.35M) | ($730.01M) | ($728.71M) | ($719.18M) | ($700.50M) | ($680.99M) | ($635.16M) | ($606.38M) | ($558.36M) | ($243.91M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.67M | - | - | - | $43.18M | - | - | - | $36.60M | - |
| Investing Cash Flow | ($15.85M) | - | - | - | ($18.34M) | - | - | - | ($12.54M) | - |
| Financing Cash Flow | ($1.68M) | - | - | - | $324.0K | - | - | - | ($4.16M) | - |
| CapEx | $7.50M | - | - | - | $7.40M | - | - | - | $13.37M | - |
| Free Cash Flow | $5.17M | - | - | - | $35.78M | - | - | - | $23.22M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.5% | - | 38.3% | 37.3% | 38.4% | - | 37.4% | 36.1% | 31.9% | - |
| Operating margin | 2.2% | - | -1.0% | -5.0% | -1.6% | - | -10.5% | -17.0% | -150.2% | - |
| EBITDA margin | 10.9% | - | 1.6% | -2.4% | 7.1% | - | -6.7% | -13.4% | -140.2% | - |
| Net margin | -0.5% | - | -3.7% | -7.7% | -4.5% | - | -13.7% | -22.1% | -143.5% | - |
| Free cash flow margin | 1.8% | - | - | - | 14.4% | - | - | - | 10.3% | - |
| FCF / Net income | -3.91 | - | - | - | -3.18 | - | - | - | -0.07 | - |
| R&D / Revenue | 17.7% | - | 18.5% | 19.6% | 19.7% | - | 22.7% | 26.7% | 26.6% | - |
| SG&A / Revenue | 19.5% | - | 20.8% | 22.8% | 20.3% | - | 25.3% | 26.3% | 26.1% | - |
| Effective tax rate | 321.6% | - | - | - | - | - | - | - | - | - |
| Return on assets | -0.1% | - | -0.8% | -1.7% | -0.9% | - | -2.5% | -3.9% | -24.4% | - |
| Return on equity | -1.0% | - | -7.2% | -12.1% | -8.1% | - | -14.6% | -22.6% | -122.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.77 | 1.76 | 1.96 | 1.96 | 2.02 | 2.08 | 2.10 | 2.31 | 2.46 | 2.64 |
| Quick ratio | 1.18 | 1.16 | 1.23 | 1.19 | 1.18 | 1.16 | 1.17 | 1.31 | 1.33 | 1.34 |
| Cash ratio | 0.25 | 0.26 | 0.30 | 0.34 | 0.33 | 0.26 | 0.29 | 0.38 | 0.38 | 0.31 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.5x | - | -0.5x | -2.9x | -0.8x | - | -4.2x | -5.5x | -73.9x | - |
| Equity multiplier | 8.62 | 8.26 | 8.54 | 7.17 | 8.59 | 8.77 | 5.95 | 5.86 | 5.00 | 2.83 |
| Liabilities / Assets | 0.57 | 0.57 | 0.55 | 0.53 | 0.53 | 0.53 | 0.50 | 0.49 | 0.47 | 0.38 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.23 | 0.22 | 0.21 | - | 0.18 | 0.18 | 0.17 | - |
| Inventory turnover | 0.83 | - | 0.65 | 0.69 | 0.61 | - | 0.50 | 0.50 | 0.48 | - |
| Days sales outstanding | 275d | - | 233d | 227d | 245d | - | 276d | 301d | 303d | - |
| Days inventory outstanding | 441d | - | 565d | 527d | 594d | - | 725d | 728d | 764d | - |
| Days payable outstanding | 360d | - | 477d | 392d | 403d | - | 444d | 401d | 377d | - |
| Cash conversion cycle | 356d | - | 321d | 363d | 437d | - | 556d | 628d | 689d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 7.3x | - | 5.3x | 4.2x | 5.0x | - | 2.2x | 1.9x | 1.6x | - |
| P / S | 3.5x | - | 2.7x | 2.7x | 2.8x | - | 2.1x | 1.8x | 1.9x | - |
| EV / EBITDA | 29.5x | - | 148.4x | - | 33.6x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.5% | - | 22.7% | 17.3% | 9.5% | - | -16.4% | -31.0% | -30.2% | - |
| Revenue CAGR (3y) | -4.1% | - | -6.4% | 15.5% | 17.0% | - | 18.1% | 16.4% | 21.0% | - |
| Revenue CAGR (5y) | 17.5% | - | 16.0% | 15.5% | 16.7% | - | 14.8% | 7.6% | 9.5% | - |
| Gross profit growth (YoY) | 18.7% | - | 25.7% | 21.3% | 31.7% | - | 14.8% | -11.9% | -17.7% | - |
| Operating income growth (YoY) | - | - | 88.4% | 65.2% | 98.8% | - | 73.1% | 14.2% | -583.0% | - |
| Net income growth (YoY) | 88.3% | - | 67.2% | 58.8% | 96.5% | - | 57.1% | -49.6% | -841.7% | - |
| EPS growth (YoY) | 92.9% | - | 66.7% | 61.9% | 96.6% | - | 61.3% | -46.5% | -836.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -85.6% | - | - | - | 54.1% | - | - | - | - | - |
| FCF CAGR (5y) | -12.3% | - | - | - | - | - | - | - | -12.1% | - |
| Book value growth (YoY) | -1.0% | 8.5% | -33.8% | -23.0% | -47.7% | -77.4% | -68.8% | -71.9% | -67.6% | -54.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.08B totalNetwork Solutions$896.91M · 82.8%
Services And Support$186.90M · 17.2%
Product / service
$1.18B totalSubscriber Solutions$336.30M · 28.6%
Optical Networking Solutions$281.77M · 24.0%
Access Aggregation Solutions$278.84M · 23.7%
Access And Aggregations$278.84M · 23.7%
Geographic
$1.08B totalUS$480.75M · 44.4%
Other International$260.21M · 24.0%
GB$213.11M · 19.7%
DE$129.73M · 12.0%
Peer comparison
Same SIC group: Telephone & Telegraph Apparatus
Comparing ADTRAN Holdings against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 18, 2023 | $0.0900 |
| May 22, 2023 | $0.0900 |
| Mar 6, 2023 | $0.0900 |
| Nov 21, 2022 | $0.0900 |
| Aug 17, 2022 | $0.0900 |
| May 18, 2022 | $0.0900 |
| Feb 16, 2022 | $0.0900 |
| Nov 15, 2021 | $0.0900 |
| Aug 18, 2021 | $0.0900 |
| May 19, 2021 | $0.0900 |
| Feb 17, 2021 | $0.0900 |
| Nov 16, 2020 | $0.0900 |
| Aug 19, 2020 | $0.0900 |
| May 20, 2020 | $0.0900 |
| Feb 19, 2020 | $0.0900 |
| Nov 13, 2019 | $0.0900 |
| Jul 31, 2019 | $0.0900 |
| May 1, 2019 | $0.0900 |
| Feb 6, 2019 | $0.0900 |
| Oct 30, 2018 | $0.0900 |
| Jul 31, 2018 | $0.0900 |
| May 1, 2018 | $0.0900 |
| Jan 30, 2018 | $0.0900 |
| Oct 31, 2017 | $0.0900 |