ADTRAN Holdings financials
$6.87+1.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $922.7M | $1.15B | $1.03B | $563.0M | $506.5M | $530.1M | $529.3M | $666.9M | $636.8M |
| Gross profit | $415.0M | $324.2M | $331.1M | $327.3M | $218.4M | $217.6M | $219.2M | $203.6M | $303.6M | $291.3M |
| Gross margin | 38.3% | 35.1% | 28.8% | 31.9% | 38.8% | 43.0% | 41.3% | 38.5% | 45.5% | 45.8% |
| Operating income | -$15.6M | -$427.6M | -$223.7M | -$72.8M | -$14.7M | -$9.8M | -$41.2M | -$45.4M | $37.4M | $34.6M |
| Net income | -$41.6M | -$456.9M | -$268.9M | -$2.0M | -$8.6M | $2.4M | -$53.0M | -$19.3M | $23.8M | $35.2M |
| Net margin | −3.8% | −49.5% | −23.4% | −0.2% | −1.5% | 0.5% | −10.0% | −3.7% | 3.6% | 5.5% |
| Diluted EPS | $-0.52 | $-5.79 | $-3.43 | $-0.03 | $-0.18 | $0.05 | $-1.11 | $-0.40 | $0.49 | $0.72 |
| EBITDA | $77.0M | -$39.7M | -$72.8M | $12.3M | $1.4M | $6.9M | -$19.6M | -$29.5M | $53.1M | $49.0M |
| Operating cash flow | $129.8M | $103.6M | -$43.0M | -$44.2M | $3.0M | -$16.5M | -$2.5M | $55.5M | -$42.4M | $42.0M |
| Free cash flow | $98.0M | $69.1M | -$79.4M | -$61.3M | -$2.7M | -$22.9M | -$12.0M | $47.3M | -$57.1M | $20.6M |
| Diluted shares | 79.7M | 78.9M | 78.4M | 62.3M | 48.6M | 48.3M | 47.8M | 47.9M | 48.7M | 48.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $95.7M | $76.0M | $87.2M | $108.6M | $56.6M | $60.2M |
| Short-term investments | $35.2M | $0.00 | $0.00 | $340.0K | $350.0K | $3.1M |
| Total debt | $218.0M | $189.6M | $195.0M | $120.5M | $0.00 | $0.00 |
| Total assets | $1.20B | $1.17B | $1.68B | $1.94B | $569.0M | $525.7M |
| Total liabilities | $685.3M | $621.5M | $628.9M | $639.9M | $211.9M | $152.7M |
| Shareholders' equity | $145.8M | $127.0M | $605.3M | $1.30B | $357.1M | $372.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology