ADTRAN Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,122	1,084	922.72	1,149	1,026	563
Revenue Growth (YoY)	18.83%	17.46%	-19.70%	12.05%	82.16%	11.15%
Cost of Revenue	689.38	668.85	598.56	817.97	698.28	344.63
Gross Profit	432.77	414.96	324.16	331.13	327.25	218.38
Selling, General & Admin	231.83	226.28	232.92	258.61	208.89	124.41
Research & Development	206.19	204.28	221.46	258.31	173.76	108.66
Other Operating Expenses	-	-	297.35	37.87	17.43	-
Total Operating Expenses	438.02	430.55	751.73	554.8	400.08	233.08
Operating Income	-5.25	-15.6	-427.57	-223.67	-72.83	-14.7
Interest Income	2.5	2.32	3.06	2.34	2.12	2.84
Interest Expense	-18.82	-19.34	-22.05	-16.3	-3.44	-0.03
Other Non-Operating Income (Expense)	2.52	1.37	3.83	4.02	3.18	5.59
Total Non-Operating Income (Expense)	-13.81	-15.65	-15.16	-9.94	1.86	8.4
Pretax Income	-19.06	-31.25	-442.73	-233.61	-70.96	-6.31
Provision for Income Taxes	-7.31	-4.99	-7.34	-28.3	62.08	-2.33
Net Income	-26.37	-36.24	-450.07	-261.91	-8.89	-8.64
Minority Interest in Earnings	9.35	9.41	9.82	6.95	-6.85	-
Net Income to Common	-35.71	-45.66	-459.89	-268.85	-2.04	-8.64
Shares Outstanding (Basic)	80	80	79	78	62	49
Shares Outstanding (Diluted)	80	80	79	78	62	49
Shares Change (YoY)	1.05%	1.03%	0.65%	25.78%	28.33%	0.61%
EPS (Basic)	-0.39	-0.52	-5.79	-3.43	-0.03	-0.18
EPS (Diluted)	-0.39	-0.52	-5.79	-3.43	-0.03	-0.18
Shares Outstanding	80.55	79.93	79.22	78.67	77.89	49.06
Free Cash Flow	67.41	98.03	69.07	-79.35	-61.3	-2.66
Free Cash Flow Growth	-31.23%	41.93%	-	-	-	-
Free Cash Flow Per Share	0.84	1.23	0.88	-1.01	-0.98	-0.05
Dividends Per Share	-	-	-	0.180	0.360	0.360
Dividend Growth	-	-	-	-50.00%	-	-
Gross Margin	38.57%	38.29%	35.13%	28.82%	31.91%	38.79%
Operating Margin	-0.47%	-1.44%	-46.34%	-19.46%	-7.10%	-2.61%
Profit Margin	-2.35%	-3.34%	-48.78%	-22.79%	-0.87%	-1.53%
FCF Margin	6.01%	9.04%	7.49%	-6.91%	-5.98%	-0.47%
EBITDA	90.61	76.95	-337.04	-110.72	-5.27	1.38
EBITDA Margin	8.07%	7.10%	-36.53%	-9.64%	-0.51%	0.25%
EBIT	-5.25	-15.6	-427.57	-223.67	-72.83	-14.7
EBIT Margin	-0.47%	-1.44%	-46.34%	-19.46%	-7.10%	-2.61%
Effective Tax Rate	38.34%	15.98%	1.66%	12.11%	-87.48%	36.95%

SEC Filings: 10-K · 10-Q