ADTRAN Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:15:38Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 98.03M | 69.07M | -79.35M | -61.30M | -2.66M | -22.93M |
| EBITDA | 76.95M | -337.04M | -110.72M | -5.27M | 1.38M | 6.85M |
| Working Capital | 273.36M | 305.67M | 444.97M | 453.78M | 220.97M | 223.22M |
| Net Debt | 156.43M | 146.63M | 146.97M | 42.29M | -51.60M | -54.28M |
| Gross Margin | 38.29% | 35.13% | 28.82% | 31.91% | 38.79% | 42.95% |
| Operating Margin | -1.44% | -46.34% | -19.46% | -7.10% | -2.61% | -1.93% |
| Net Margin | -4.21% | -49.84% | -23.40% | -0.20% | -1.53% | 0.47% |
| Return on Equity (ROE) | -31.31% | -362.26% | -44.42% | -0.16% | -2.42% | 0.64% |
| Return on Assets (ROA) | -3.79% | -39.26% | -16.03% | -0.10% | -1.52% | 0.45% |
| Current Ratio | 1.76× | 2.04× | 2.62× | 2.06× | 2.42× | 3.37× |
| Debt-to-Equity | 1.73× | 1.75× | 0.39× | 0.12× | 0.01× | 0.02× |
| Effective Tax Rate | -15.98% | -1.66% | -12.11% | 87.48% | -36.95% | 138.07% |
| Cash Conversion Ratio | -2.84× | -0.23× | 0.16× | 21.71× | -0.35× | -6.95× |
| Accruals Ratio | -0.15× | -0.48× | -0.13× | 0.02× | -0.02× | 0.04× |
| SBC % of Revenue | 0.93% | 1.73% | 1.43% | 2.76% | 1.33% | 1.35% |
| CapEx Coverage | 4.09× | 3.00× | -1.18× | -2.59× | 0.53× | -2.58× |
| Free Cash Flow Per Share | $1.23 | $0.88 | $-1.01 | $-0.98 | $-0.05 | $-0.47 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | — | 295.40× |
| P/FCF | 7.07× | 9.52× | — | — | — | — |
| FCF Yield | 14.15% | 10.51% | — | — | — | — |
| EV / EBITDA | 11.06× | — | — | — | 772.04× | 96.04× |
| P/S | 0.64× | 0.72× | 0.50× | 1.43× | 1.99× | 1.41× |
| P/B | 4.76× | 5.20× | 0.95× | 1.12× | 3.14× | 1.91× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.08B | 922.72M | 1.15B | 1.03B | 563.00M | 506.51M |
| Cost of Goods and Services Sold | 668.85M | 598.56M | 817.97M | 698.28M | 344.63M | 288.96M |
| Cost of Revenue | 668.85M | 598.56M | 817.97M | 698.28M | — | — |
| Gross Profit | 414.95M | 324.16M | 331.13M | 327.25M | 218.38M | 217.55M |
| Research and Development Expense | 204.28M | 221.46M | 258.31M | 173.76M | 108.66M | 113.29M |
| Selling, General and Administrative Expense | 226.28M | 232.92M | 258.61M | 208.89M | 124.41M | 113.97M |
| Operating Income (Loss) | -15.60M | -427.56M | -223.67M | -72.83M | -14.70M | -9.77M |
| Income Tax Expense (Benefit) | 4.99M | 7.34M | 28.30M | -62.08M | 2.33M | -8.62M |
| Net Income (Loss) Attributable to Parent | -45.66M | -459.89M | -268.85M | -2.04M | -8.63M | 2.38M |
| Earnings Per Share, Basic | $-0.52 | $-5.79 | $-3.43 | $-0.03 | $-0.18 | $0.05 |
| Weighted Average Number of Shares Outstanding, Basic | 79.74M | 78.93M | 78.42M | 62.35M | 48.58M | 48.00M |
| Earnings Per Share, Diluted | $-0.52 | $-5.79 | $-3.43 | $-0.03 | $-0.18 | $0.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 79.74M | 78.93M | 78.42M | 62.35M | 48.58M | 48.29M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 95.70M | 76.02M | 87.17M | 108.64M | 56.60M | 60.16M |
| Assets, Current | 635.22M | 599.14M | 718.97M | 882.36M | 376.32M | 317.42M |
| Assets | 1.20B | 1.17B | 1.68B | 1.94B | 569.02M | 525.68M |
| Liabilities, Current | 361.86M | 293.47M | 274.00M | 428.57M | 155.36M | 94.19M |
| Liabilities | 685.34M | 621.52M | 628.86M | 639.88M | 211.91M | 152.74M |
| Stockholders' Equity Attributable to Parent | — | — | — | — | 357.10M | 372.94M |
| Common Stock, Shares, Outstanding | 79.93M | 79.22M | 78.67M | 77.89M | 49.06M | 48.24M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 129.77M | 103.57M | -43.02M | -44.23M | 3.01M | -16.52M |
| Payments to Acquire Property, Plant, and Equipment | 31.74M | 34.50M | 36.34M | 17.07M | 5.67M | 6.41M |
| Net Cash Provided by (Used in) Investing Activities | -69.17M | -64.25M | -34.86M | 55.83M | 10.27M | 41.40M |
| Net Cash Provided by (Used in) Financing Activities | -46.68M | -50.01M | 58.87M | 52.94M | -12.96M | -42.98M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 5.17M | 30.57M | 67.46M | 63.26M | 35.78M | -895.00K |
| EBITDA | 31.29M | 28.71M | — | — | 17.63M | 5.86M |
| Working Capital | 275.01M | 273.36M | 295.37M | 297.57M | 308.41M | 305.67M |
| Net Debt | 130.16M | 156.43M | 124.20M | 83.91M | 88.76M | 146.63M |
| Gross Margin | 39.49% | 39.01% | 38.34% | 37.32% | 38.42% | 36.88% |
| Operating Margin | 2.23% | 1.54% | -1.00% | -5.02% | -1.60% | -6.91% |
| Net Margin | -0.46% | -1.23% | -3.67% | -7.75% | -4.55% | -18.99% |
| Return on Equity (ROE) | -0.96% | -2.47% | -7.25% | -12.10% | -8.11% | -36.32% |
| Return on Assets (ROA) | -0.11% | -0.30% | -0.85% | -1.69% | -0.94% | -3.94% |
| Current Ratio | 1.77× | 1.76× | 1.96× | 1.96× | 2.02× | 2.04× |
| Debt-to-Equity | 1.59× | 1.73× | 1.54× | 1.12× | 1.37× | 1.75× |
| Effective Tax Rate | 67.33% | 167.65% | -18.34% | -5.89% | 4.25% | -115.90% |
| Cash Conversion Ratio | -9.59× | -11.75× | -8.53× | -3.67× | -3.83× | -0.05× |
| Accruals Ratio | -0.01× | -0.04× | -0.08× | -0.08× | -0.05× | -0.04× |
| SBC % of Revenue | 0.64% | 0.45% | 3.13% | 2.22% | 1.30% | 1.86% |
| CapEx Coverage | 1.69× | 3.62× | 4.36× | 6.23× | 5.84× | 0.73× |
| Free Cash Flow Per Share | $0.06 | $0.38 | $0.85 | $0.79 | $0.45 | $-0.01 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 286.09M | 291.56M | 279.44M | 265.07M | 247.74M | 242.85M |
| Cost of Goods and Services Sold | 173.10M | 177.83M | 172.31M | 166.14M | 152.57M | 153.30M |
| Cost of Revenue | 173.10M | 177.83M | 172.31M | 166.14M | 152.57M | 153.30M |
| Gross Profit | 112.99M | 113.73M | 107.13M | 98.92M | 95.18M | 89.56M |
| Research and Development Expense | 50.78M | 51.84M | 51.68M | 51.90M | 48.86M | 49.31M |
| Selling, General and Administrative Expense | 55.84M | 57.41M | 58.23M | 60.35M | 50.28M | 57.01M |
| Operating Income (Loss) | 6.38M | 4.48M | -2.79M | -13.32M | -3.97M | -16.77M |
| Income Tax Expense (Benefit) | 1.92M | 3.17M | 1.20M | 1.02M | -397.00K | 23.46M |
| Net Income (Loss) Attributable to Parent | -1.32M | -3.60M | -10.26M | -20.53M | -11.27M | -46.11M |
| Earnings Per Share, Basic | $-0.01 | $-0.02 | $-0.12 | $-0.24 | $-0.14 | $-0.58 |
| Weighted Average Number of Shares Outstanding, Basic | 80.32M | 79.74M | 79.80M | 79.75M | 79.53M | 79.09M |
| Earnings Per Share, Diluted | $-0.01 | $-0.02 | $-0.12 | $-0.24 | $-0.14 | $-0.58 |
| Weighted Average Number of Shares Outstanding, Diluted | 80.32M | 79.74M | 79.80M | 79.75M | 79.53M | 79.09M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 88.27M | 95.70M | 93.68M | 106.27M | 101.32M | 76.02M |
| Assets, Current | 634.22M | 635.22M | 603.12M | 607.23M | 611.85M | 599.14M |
| Assets | 1.19B | 1.20B | 1.21B | 1.22B | 1.19B | 1.17B |
| Liabilities, Current | 359.21M | 361.86M | 307.75M | 309.66M | 303.44M | 293.47M |
| Liabilities | 678.52M | 685.34M | 665.24M | 644.59M | 631.41M | 621.52M |
| Common Stock, Shares, Outstanding | 80.55M | 79.93M | 79.83M | 79.78M | 79.71M | 79.22M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 12.67M | 42.24M | 87.53M | 75.34M | 43.18M | 2.44M |
| Payments to Acquire Property, Plant, and Equipment | 7.50M | 11.67M | 20.07M | 12.08M | 7.40M | 3.33M |
| Net Cash Provided by (Used in) Investing Activities | -15.85M | -20.02M | -49.15M | -32.09M | -18.34M | -14.70M |
| Net Cash Provided by (Used in) Financing Activities | -1.68M | -28.63M | -18.05M | -19.49M | 324.00K | -352.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ADTN CIK 0000926282),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.