ADTRAN Holdings, Inc. (ADTN)

ADTRAN Holdings Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,084	922.72	1,149	1,026	563
Revenue Growth (YoY)	17.46%	-19.70%	12.05%	82.15%	11.15%
Cost of Revenue	668.85	583.98	790.75	698.28	344.61
Gross Profit	414.96	338.74	358.35	327.26	218.39
Selling, General & Admin	225.42	223.6	248.12	209.11	112.95
Research & Development	204.51	200.07	249.59	171.31	107.42
Operating Expenses	429.93	423.68	497.72	380.42	220.37
Operating Income	-14.98	-84.93	-139.37	-53.16	-1.97
Interest Expense	-19.34	-22.05	-16.3	-3.44	-0.03
Interest & Investment Income	2.32	3.06	2.34	2.12	2.84
Currency Exchange Gain (Loss)	-	-	-	10.79	-
Other Non Operating Income (Expenses)	-2.54	-0.35	1.39	4.31	3.33
EBT Excluding Unusual Items	-34.54	-104.28	-151.93	-39.37	4.16
Merger & Restructuring Charges	0.28	-44.68	-46.55	-1.63	-12.31
Impairment of Goodwill	-	-297.35	-37.87	-	-
Gain (Loss) on Sale of Investments	3	3.59	2.75	-12.53	1.84
Asset Writedown	-	-	-	-17.43	-
Pretax Income	-31.25	-442.73	-233.61	-70.96	-6.31
Income Tax Expense	4.99	7.34	28.3	-62.08	2.33
Earnings From Continuing Operations	-36.24	-450.07	-261.91	-8.89	-8.64
Minority Interest in Earnings	-9.41	-9.82	-6.95	6.85	-
Net Income	-45.66	-459.89	-268.85	-2.04	-8.64
Preferred Dividends & Other Adjustments	-4.09	-2.98	-	-	-
Net Income to Common	-41.57	-456.91	-268.85	-2.04	-8.64
Shares Outstanding (Basic)	80	79	78	62	49
Shares Outstanding (Diluted)	80	79	78	62	49
Shares Change (YoY)	1.03%	0.65%	25.78%	28.33%	0.61%
EPS (Basic)	-0.52	-5.79	-3.43	-0.03	-0.18
EPS (Diluted)	-0.52	-5.79	-3.43	-0.03	-0.18
Free Cash Flow	98.03	69.07	-79.35	-61.3	-2.66
Free Cash Flow Per Share	1.23	0.88	-1.01	-0.98	-0.06
Dividend Per Share	-	-	0.180	0.360	0.360
Dividend Growth	-	-	-50.00%	-	-
Gross Margin	38.29%	36.71%	31.19%	31.91%	38.79%
Operating Margin	-1.38%	-9.21%	-12.13%	-5.18%	-0.35%
Profit Margin	-3.84%	-49.52%	-23.40%	-0.20%	-1.53%
Free Cash Flow Margin	9.04%	7.49%	-6.91%	-5.98%	-0.47%
EBITDA	77.57	5.6	-26.42	14.39	14.11
EBITDA Margin	7.16%	0.61%	-2.30%	1.40%	2.51%
D&A For EBITDA	92.55	90.53	112.95	67.55	16.08
EBIT	-14.98	-84.93	-139.37	-53.16	-1.97
EBIT Margin	-1.38%	-9.21%	-12.13%	-5.18%	-0.35%
Revenue as Reported	1,084	922.72	1,149	1,026	563
Advertising Expenses	0.2	0.1	0.2	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q