ADTRAN Holdings, Inc. (ADTN) Financial Statements
Industry: Telephone & Telegraph Apparatus
In fiscal 2025, ADTRAN reported revenue of $1.08B, up 17.5% from $922.7M the year before. Net income was -$45.7M (a -4.2% net margin), or -$0.52 per diluted share. Gross margin was 38.3% and operating margin was -1.4%. Operating activities generated $129.8M of cash, leaving $98.0M of free cash flow. At fiscal year end, ADTRAN held $1.20B in total assets against $685.3M in total liabilities, including $95.7M of cash and equivalents.
Open the full interactive ADTRAN financials → Quarterly statements, key ratios, valuation history and price charts.
ADTRAN Key Stats
| Share Price | $6.96 |
|---|---|
| Market Cap | $563.4M |
| Revenue YoY Growth | +17.5% |
| 52-Week Range | $6.80 – $19.40 |
| Shares Outstanding | 80.9 million (basic, 2026 Q2) |
ADTRAN Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $506.5M | $563.0M | $1.03B | $1.15B | $922.7M | $1.08B |
| Cost of Goods Sold | $289.0M | $344.6M | $698.3M | $816.0M | $592.4M | $668.9M |
| Gross Profit | $217.6M | $218.4M | $327.3M | $333.1M | $330.3M | $415.0M |
| Operating Income | -$9.8M | -$14.7M | -$72.8M | -$221.3M | -$417.1M | -$15.6M |
| Pre-Tax Income | -$6.2M | -$6.3M | -$71.0M | -$231.2M | -$432.3M | -$31.2M |
| Income Tax | -$8.6M | $2.3M | -$62.1M | $28.1M | $8.8M | $5.0M |
| Net Income | $2.4M | -$8.6M | -$2.0M | -$267.7M | -$450.9M | -$45.7M |
| Diluted EPS | $0.05 | -$0.18 | -$0.03 | -$3.41 | -$5.67 | -$0.52 |
ADTRAN Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $279.4M | $291.6M | $286.1M | $281.1M |
| Net Income | -$10.3M | -$3.6M | -$1.3M | -$10.9M |
| Diluted EPS | -$0.12 | -$0.05 | -$0.01 | -$0.13 |
ADTRAN Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $60.2M | $56.6M | $108.6M | $87.2M | $77.6M | $95.7M |
| Current Assets | $317.4M | $376.3M | $882.4M | $736.9M | $610.6M | $635.2M |
| Total Assets | $525.7M | $569.0M | $1.88B | $1.68B | $1.18B | $1.20B |
| Current Liabilities | $94.2M | $155.4M | $488.6M | $279.5M | $293.6M | $361.9M |
| Total Long-Term Debt | — | — | — | $195.0M | $189.6M | $218.0M |
| Total Liabilities | $152.7M | $211.9M | $578.3M | $636.9M | $622.0M | $685.3M |
| Shareholders' Equity | $372.9M | $357.1M | $1.30B | $593.8M | $134.4M | $145.8M |
ADTRAN Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$16.5M | $3.0M | -$44.2M | -$45.6M | $103.1M | $129.8M |
| Cash From Investing | $41.4M | $10.3M | $55.8M | -$32.2M | -$62.2M | -$69.2M |
| Cash From Financing | -$43.0M | -$13.0M | $52.9M | $58.9M | -$50.0M | -$46.7M |
| Free Cash Flow | -$22.9M | -$2.7M | -$61.3M | -$88.7M | $70.6M | $98.0M |
Figures from ADTRAN's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full ADTRAN financials page for every line item.
ADTRAN Company Profile
| Ticker | ADTN |
|---|---|
| Exchange | Nasdaq |
| Industry | Telephone & Telegraph Apparatus |
| Headquarters | Huntsville, Alabama |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000926282 |
Frequently Asked Questions
What was ADTRAN's revenue in fiscal 2025?
ADTRAN (ADTN) reported revenue of $1.08B for fiscal 2025.
What is ADTRAN's annual revenue history?
ADTRAN's annual revenue by fiscal year: 2020: $506.5M; 2021: $563.0M; 2022: $1.03B; 2023: $1.15B; 2024: $922.7M; 2025: $1.08B.
What was ADTRAN's net income in fiscal 2025?
ADTRAN reported net income of -$45.7M for fiscal 2025.
What was ADTRAN's earnings per share (EPS) in fiscal 2025?
ADTRAN's diluted EPS was -$0.52 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did ADTRAN generate in fiscal 2025?
ADTRAN generated $98.0M of free cash flow in fiscal 2025.
What was ADTRAN's revenue last quarter?
In its most recent reported quarter (2026 Q2), ADTRAN reported revenue of $281.1M.
How much debt does ADTRAN have?
ADTRAN reported $218.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of ADTRAN are outstanding?
ADTRAN reported a weighted average of 80.9 million basic shares outstanding in 2026 Q2.
What is ADTRAN's market cap?
Based on its latest closing price, ADTRAN (ADTN) has a market capitalization of about $563.4M.
When does ADTRAN's fiscal year end?
ADTRAN's fiscal year end, as registered with the SEC, is December 31.
Where is ADTRAN headquartered?
ADTRAN lists its business address in Huntsville, Alabama in its SEC filings.