ADTRAN Holdings, Inc. ADTN
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Other International
- United Kingdom
- Germany
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $480.8M | $398.2M | $461.0M |
| Other International | $260.2M | $208.5M | $242.5M |
| United Kingdom | $213.1M | $196.1M | $214.7M |
| Germany | $129.7M | $120.0M | $230.9M |
As the company reported it, from the “Segment Information and Major Customers - Revenue Information by Geographic Area (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Network Solutions
- Services & Support
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Network Solutions | $896.9M | $739.0M | $974.4M |
| Services & Support | $186.9M | $183.8M | $174.7M |
As the company reported it, from the “Segment Information and Major Customers - Disaggregation of Sales by Category (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $922.7M | $1.15B | $1.03B | $563.0M | $506.5M | $530.1M | $529.3M | $666.9M | $636.8M |
| Cost of revenue | $668.9M | $598.6M | $818.0M | $698.3M | $344.6M | $289.0M | $310.9M | $325.7M | $363.3M | $345.5M |
| Gross profit | $415.0M | $324.2M | $331.1M | $327.3M | $218.4M | $217.6M | $219.2M | $203.6M | $303.6M | $291.3M |
| R&D | $204.3M | $221.5M | $258.3M | $173.8M | $108.7M | $113.3M | $126.2M | $124.5M | $130.7M | $124.9M |
| SG&A | $226.3M | $232.9M | $258.6M | $208.9M | $124.4M | $114.0M | $130.3M | $124.4M | $135.6M | $131.8M |
| Operating income | -$15.6M | -$427.6M | -$223.7M | -$72.8M | -$14.7M | -$9.8M | -$40.0M | -$45.4M | $37.4M | $34.6M |
| Interest expense | $19.3M | $22.1M | $16.3M | $3.4M | $34.0K | $5.0K | $511.0K | $533.0K | $556.0K | $572.0K |
| Pre-tax income | -$31.2M | -$442.7M | -$233.6M | -$71.0M | -$6.3M | -$6.2M | -$24.8M | -$33.4M | $44.7M | $46.9M |
| Income tax | $5.0M | $7.3M | $28.3M | $62.1M | $2.3M | $8.6M | $28.2M | $14.0M | $20.8M | $11.7M |
| Net income | -$45.7M | -$459.9M | -$268.9M | -$2.0M | -$8.6M | $2.4M | -$53.0M | -$19.3M | $23.8M | $35.2M |
| EPS, basic | -0.52 | -5.79 | -3.43 | -0.03 | -0.18 | 0.05 | -1.11 | -0.40 | 0.50 | 0.72 |
| EPS, diluted | -0.52 | -5.79 | -3.43 | -0.03 | -0.18 | 0.05 | -1.11 | -0.40 | 0.49 | 0.72 |
| Shares, diluted (wtd. avg.) | 79.7M | 78.9M | 78.4M | 62.3M | 48.6M | 48.3M | 47.8M | 47.9M | 48.7M | 48.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $95.7M | $76.0M | $87.2M | $108.6M | $56.6M | $60.2M | $73.8M | $105.5M | $86.4M | $79.9M |
| Short-term investments | — | — | $0 | $340.0K | $350.0K | $3.1M | $33.2M | $3.2M | $16.1M | $43.2M |
| Receivables | $210.7M | $178.0M | $209.7M | $279.4M | $158.7M | $98.8M | $90.5M | $99.4M | $144.2M | $92.3M |
| Inventory | $215.7M | $261.6M | $360.4M | $427.5M | $139.9M | $125.5M | $98.3M | $99.8M | $122.5M | $105.1M |
| Total current assets | $635.2M | $599.1M | $719.0M | $882.4M | $376.3M | $317.4M | $320.3M | $355.4M | $413.1M | $352.9M |
| Property, plant and equipment | $124.4M | $106.5M | $118.2M | $110.7M | $55.8M | $62.4M | $68.1M | $80.6M | $85.1M | $84.5M |
| Goodwill | $60.0M | $52.9M | $358.1M | $386.5M | $7.0M | $7.0M | $7.0M | $7.1M | $3.5M | $3.5M |
| Other intangibles | $294.0M | $284.9M | $337.4M | $401.2M | $19.3M | $23.5M | $27.8M | $33.2M | $4.7M | $7.3M |
| Total assets | $1.20B | $1.17B | $1.68B | $1.94B | $569.0M | $525.7M | $545.1M | $628.0M | $669.1M | $667.2M |
| Accounts payable | $167.3M | $171.8M | $162.9M | $237.7M | $102.5M | $49.9M | $44.9M | $60.1M | $60.6M | $77.3M |
| Short-term debt | — | — | — | — | — | — | $24.6M | $1.0M | $1.1M | $1.0M |
| Total current liabilities | $361.9M | $293.5M | $274.0M | $428.6M | $155.4M | $94.2M | $112.7M | $118.0M | $106.8M | $126.5M |
| Long-term debt | — | — | — | — | — | — | $24.6M | $24.6M | $25.6M | $26.8M |
| Total liabilities | $685.3M | $621.5M | $628.9M | $639.9M | $211.9M | $152.7M | $164.7M | $181.7M | $171.2M | $187.7M |
| Retained earnings | -$730.0M | -$688.8M | -$231.7M | $55.3M | $740.8M | $781.8M | $806.7M | $884.0M | $922.2M | $921.9M |
| Total equity | $145.8M | $127.0M | $605.3M | $1.30B | $357.1M | $372.9M | $380.4M | $446.3M | $497.9M | $479.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $129.8M | $103.6M | -$43.0M | -$44.2M | $3.0M | -$16.5M | -$2.5M | $55.5M | -$42.4M | $42.0M |
| Depreciation and amortisation | $92.5M | $90.5M | $112.9M | $67.6M | $16.1M | $16.6M | $17.8M | $15.9M | $15.7M | $14.4M |
| Stock-based compensation | $10.1M | $16.0M | $16.4M | $28.3M | $7.5M | $6.8M | $7.0M | $7.2M | $7.4M | $6.7M |
| Capital expenditure | $31.7M | $34.5M | $36.3M | $17.1M | $5.7M | $6.4M | $9.5M | $8.1M | $14.7M | $21.4M |
| Investing cash flow | -$69.2M | -$64.3M | -$34.9M | $55.8M | $10.3M | $41.4M | -$9.8M | $285.0K | $66.0M | -$6.5M |
| Financing cash flow | -$46.7M | -$50.0M | $58.9M | $52.9M | -$13.0M | -$43.0M | -$17.9M | -$32.4M | -$22.4M | -$39.8M |
| Dividends paid | — | $0 | $21.2M | $22.9M | $17.5M | $17.3M | $17.2M | $17.3M | $17.4M | $17.6M |
| Buybacks | — | — | — | — | — | — | $184.0K | $15.5M | $17.3M | $25.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-073878.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $636.8M | $666.9M | $529.3M | $530.1M | $506.5M | $563.0M | $1.03B | $1.15B | $922.7M | $1.08B |
| Gross profit | $291.3M | $303.6M | $203.6M | $219.2M | $217.6M | $218.4M | $327.3M | $331.1M | $324.2M | $415.0M |
| Net income | $35.2M | $23.8M | -$19.3M | -$53.0M | $2.4M | -$8.6M | -$2.0M | -$268.9M | -$459.9M | -$45.7M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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