ADTRAN Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,035	922.72	1,149	1,026	563	506.51
Revenue Growth (YoY)	14.33%	-19.70%	12.05%	82.15%	11.15%	-4.44%
Cost of Revenue	646.23	586.42	813.13	698.28	344.61	288.5
Gross Profit	388.87	336.3	335.97	327.26	218.39	218.01
Selling, General & Admin	223.02	222.15	242.76	209.11	112.95	113
Research & Development	199.21	200.08	249.59	171.31	107.42	108.22
Operating Expenses	422.23	422.23	492.36	380.42	220.37	221.22
Operating Income	-33.35	-85.94	-156.38	-53.16	-1.97	-3.21
Interest Expense	-19.69	-22.05	-16.3	-3.44	-0.03	-0.01
Interest & Investment Income	2.25	3.06	2.34	2.12	2.84	1.94
Currency Exchange Gain (Loss)	2.2	2.2	0.76	10.79	-	-
Other Non Operating Income (Expenses)	-4.62	-2.55	0.98	4.31	3.33	-3.52
EBT Excluding Unusual Items	-53.22	-105.28	-168.6	-39.37	4.16	-4.8
Merger & Restructuring Charges	2.88	-37.98	-27.14	-1.63	-12.31	-6.23
Impairment of Goodwill	4.77	-292.58	-37.87	-	-	-
Gain (Loss) on Sale of Investments	2.66	3.59	2.41	-12.53	1.84	4.85
Asset Writedown	-	-	-	-17.43	-	-0.07
Pretax Income	-42.92	-432.26	-231.21	-70.96	-6.31	-6.25
Income Tax Expense	26.73	8.79	28.13	-62.08	2.33	-8.62
Earnings From Continuing Operations	-69.65	-441.05	-259.34	-8.89	-8.64	2.38
Minority Interest in Earnings	-9.5	-9.82	-6.95	6.85	-	-
Net Income	-79.15	-450.87	-266.29	-2.04	-8.64	2.38
Preferred Dividends & Other Adjustments	-2.02	-2.98	-	-	-	-
Net Income to Common	-77.14	-447.89	-266.29	-2.04	-8.64	2.38
Shares Outstanding (Basic)	80	79	78	62	49	48
Shares Outstanding (Diluted)	80	79	78	62	49	48
Shares Change (YoY)	0.96%	0.65%	25.78%	28.33%	0.61%	0.95%
EPS (Basic)	-0.97	-5.67	-3.40	-0.03	-0.18	0.05
EPS (Diluted)	-0.97	-5.67	-3.40	-0.03	-0.18	0.05
Free Cash Flow	68.11	70.62	-79.29	-61.3	-2.66	-22.93
Free Cash Flow Per Share	0.86	0.90	-1.01	-0.98	-0.06	-0.47
Dividend Per Share	-	-	0.180	0.360	0.360	0.360
Dividend Growth	-	-	-50.00%	-	-	-
Gross Margin	37.57%	36.45%	29.24%	31.91%	38.79%	43.04%
Operating Margin	-3.22%	-9.31%	-13.61%	-5.18%	-0.35%	-0.64%
Profit Margin	-7.45%	-48.54%	-23.17%	-0.20%	-1.53%	0.47%
Free Cash Flow Margin	6.58%	7.65%	-6.90%	-5.98%	-0.47%	-4.53%
EBITDA	58.05	5.05	-43.43	14.39	14.11	13.41
EBITDA Margin	5.61%	0.55%	-3.78%	1.40%	2.51%	2.65%
D&A For EBITDA	91.41	90.99	112.95	67.55	16.08	16.63
EBIT	-33.35	-85.94	-156.38	-53.16	-1.97	-3.21
EBIT Margin	-3.22%	-9.31%	-13.61%	-5.18%	-0.35%	-0.63%
Revenue as Reported	1,035	922.72	1,149	1,026	563	506.51

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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