Adtran Networks SE Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	481.75	438.09	613.67	712.11	603.32
Revenue Growth (YoY)	9.97%	-28.61%	-13.82%	18.03%	6.79%
Cost of Revenue	317.2	281.12	394.19	477.16	384.76
Gross Profit	164.55	156.97	219.49	234.96	218.56
Selling, General & Admin	91.78	88.78	98.38	104.6	98.09
Research & Development	109.82	104.28	100.91	97.92	76.72
Other Operating Expenses	-25.9	-18.59	-11.06	-8.62	-5.21
Operating Expenses	175.7	174.47	188.23	193.9	169.59
Operating Income	-11.15	-17.51	31.26	41.06	48.96
Interest Expense	-4.46	-5.11	-3.61	-2.24	-1.84
Interest & Investment Income	2.09	2.12	0.33	0.11	0.1
Currency Exchange Gain (Loss)	0.41	-1.28	-4.01	4.09	2.68
Other Non Operating Income (Expenses)	0	0	-	-	-
EBT Excluding Unusual Items	-13.11	-21.77	23.97	43.02	49.91
Merger & Restructuring Charges	-	-7.74	-13.41	-21.33	-3.67
Impairment of Goodwill	-	-17.37	-4.55	-3.46	-
Other Unusual Items	-	-	-	1.84	-
Pretax Income	-13.11	-46.88	6.02	20.07	46.24
Income Tax Expense	8.78	15.82	18.25	1.93	-12.98
Net Income	-21.88	-62.7	-12.24	18.13	59.22
Net Income to Common	-21.88	-62.7	-12.24	18.13	59.22
Net Income Growth	-	-	-	-69.38%	191.51%
Shares Outstanding (Basic)	52	52	52	52	51
Shares Outstanding (Diluted)	52	52	52	52	52
Shares Change (YoY)	-	0.06%	0.46%	0.18%	2.25%
EPS (Basic)	-0.42	-1.20	-0.24	0.35	1.17
EPS (Diluted)	-0.42	-1.20	-0.24	0.35	1.15
EPS Growth	-	-	-	-69.56%	187.50%
Free Cash Flow	70.75	52.35	26.39	-2.66	107.35
Free Cash Flow Per Share	1.36	1.01	0.51	-0.05	2.08
Dividend Per Share	-	0.520	-	-	-
Gross Margin	34.16%	35.83%	35.77%	33.00%	36.23%
Operating Margin	-2.31%	-4.00%	5.09%	5.77%	8.12%
Profit Margin	-4.54%	-14.31%	-1.99%	2.55%	9.81%
Free Cash Flow Margin	14.69%	11.95%	4.30%	-0.37%	17.79%
EBITDA	61.86	2.12	50.14	62.33	69.38
EBITDA Margin	12.84%	0.48%	8.17%	8.75%	11.50%
D&A For EBITDA	73.02	19.62	18.88	21.26	20.42
EBIT	-11.15	-17.51	31.26	41.06	48.96
EBIT Margin	-2.31%	-4.00%	5.09%	5.77%	8.12%
Effective Tax Rate	-	-	303.37%	9.64%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.