ADTRAN Holdings, Inc. ADTN
Last close
7.10
2026-09-04
Market cap
$578.5M
2026-06-30 share count
52-week range
7.04 - 19.98
Valuation FY2025 figures against the last close
P/S0.5x
P/E—
P/FCF5.9x
EV/EBITDA7.5x
Dividend yield—
Diluted EPS-0.52
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.
Others in SIC 3661
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|---|---|---|---|---|
| CIEN | CIENA CORP | $45.52B | 377.6x | 18.8% |
| FN | Fabrinet | $14.60B | 31.2x | 35.7% |
| CLFD | Clearfield, Inc. | $389.2M | — | 19.6% |
| FIEE | FiEE, Inc. | $33.5M | 39.3x | 867.9% |
| FKWL | FRANKLIN WIRELESS CORP | $28.9M | — | 49.6% |
| CLRO | CLEARONE INC | $13.6M | — | — |
| SONM | DNA X, Inc. | $4.8M | — | — |
| AUDC | AUDIOCODES LTD | — | — | 1.4% |