ADTN · XBRL financial data

ADTRAN Holdings financial statements, every quarter

The same tables from 14 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (ADTN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	272	225*	226	226	228	243	248	265	279	292*	286	281
Cost of revenue	—	year only	156	145	145	153*	153	166	172	178*	173	177
Cost of goods and services sold	198	147*	154	144	142	153	153	166	172	178*	173	177
Gross profit	74	—	72	82	85	90	95	99	107	—	113	104
Research and development	63	55*	60	60	52	49	49	52	52	52*	51	54
Selling, general and administrative	63	61*	59	59	58	57	50	60	58	57*	56	60
Operating income (loss)	(89)	(38)*	(340)	(38)	(24)	(17)	(4)	(13)	(3)	4*	6	(10)
Interest expense	5	4*	5	7	6	5	5	5	5	5*	4	4
Other income (expense)	3	(3)*	1	(1)	(1)	1	1	(3)	(1)	1*	1	1
Income tax expense (benefit)	(17)	64*	(19)	2	0	23	(0)	1	1	3*	2	1
Net income (loss)	(79)	(110)*	(325)	(50)	(31)	(46)	(11)	(21)	(10)	(4)*	(1)	(11)
Earnings per share, basic USD per share	(1.00)	(1.40)*	(4.12)	(0.63)	(0.36)	(0.58)	(0.14)	(0.24)	(0.12)	(0.05)*	(0.01)	(0.13)
Earnings per share, diluted USD per share	(1.00)	(1.40)*	(4.12)	(0.63)	(0.36)	(0.58)	(0.14)	(0.24)	(0.12)	(0.05)*	(0.01)	(0.13)
Weighted average shares, basic millions of shares	78	79*	79	79	79	79	80	80	80	80*	80	81
Weighted average shares, diluted millions of shares	78	79*	79	79	79	79	80	80	80	80*	80	81

Fiscal quarters (ADTN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	116	87	107	111	88	76	101	106	94	96	88	79
Short-term investments	—	0	—	—	—	—	—	—	—	—	—	—
Marketable securities	0	0	—	—	—	—	—	—	—	—	—	—
Marketable securities, non-current	0	0	—	—	—	—	—	—	—	—	—	—
Accounts receivable	229	216	188	186	172	178	167	165	179	211	215	206
Inventory	374	362	322	288	283	262	254	240	224	216	209	209
Prepaid and other current assets	36	46	60	59	69	56	62	68	72	55	62	60
Total current assets	780	737	697	668	639	599	612	607	603	635	634	618
Property and equipment, net	119	123	127	135	147	106	110	112	121	124	124	123
Right-of-use asset	—	37	—	—	—	30	—	—	—	32	—	—
Goodwill	339	353	55	55	57	53	55	60	60	60	59	58
Total assets	1,742	1,683	1,328	1,291	1,273	1,171	1,193	1,216	1,209	1,204	1,185	1,150
Accounts payable	149	163	159	159	173	172	172	178	189	167	171	169
Total current liabilities	285	280	283	290	305	293	303	310	308	362	359	345
Lease liability, non-current	—	31	—	—	—	26	—	—	—	27	—	—
Total liabilities	625	637	620	631	637	622	631	645	665	685	679	661
Accumulated deficit	(113)	(244)	(558)	(606)	(635)	(689)	(701)	(719)	(729)	(730)	(731)	(736)
Total liabilities and equity	1,742	1,683	1,328	1,291	1,273	1,171	1,193	1,216	1,209	1,204	1,185	1,150
Common shares outstanding (cover page) millions of shares	79	79	79	79	79	80	80	80	80	81	81	81

Fiscal quarters (ADTN's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(79)	(110)*	(325)	(50)	(31)	(46)	(11)	(21)	(10)	(4)*	(1)	(11)
Stock-based compensation	4*	4*	4	4*	4*	5*	3	3*	3*	1*	2	3*
Depreciation and amortization	24*	22*	23	23*	23*	22*	22	23*	23*	24*	25	26*
Net cash from operating activities	7*	(16)*	37	20*	42*	5*	43	32*	12*	42*	13	26*
Purchases of property and equipment	14*	9*	13	16*	19*	(14)*	7	5*	8*	12*	8	9*
Net cash from investing activities	(5)*	(9)*	(13)	(16)*	(18)*	(17)*	(18)	(14)*	(17)*	(20)*	(16)	(17)*
Dividends paid	7*	0*	—	—	—	year only	—	—	—	—	—	—
Net cash from financing activities	(8)*	(1)*	(4)	(1)*	(45)*	(0)*	0	(20)*	1*	(29)*	(2)	(17)*

SIC 3661 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3661 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
ADTRAN Holdings	79	281	26*	81.5M	—	Q2 FY26 10-QJun 30, 2026
BlackSky Technology	37	33	(3.5)*	40.9M	66.4 quarters	Q2 FY26 10-QJun 30, 2026
Powerfleet	33	111	8.4	134.2M	—	Q1 FY27 10-QJun 30, 2026
Harmonic	232	133	(58)*	109.1M	4.0 quarters	Q2 FY25 10-QJul 3, 2026
Ondas	658	84	(86)*	570.6M	16.1 quarters	Q2 FY26 10-QJun 30, 2026
Napco Security Technologies	124	50	2.8	35.8M	—	Q1 FY27 10-QSep 30, 2026
Clearfield	20	44	not reported	13.6M	—	Q3 FY26 10-QJun 30, 2026
Planet Labs PBC	415	116	53*	not reported	—	Q2 FY27 10-QJul 31, 2026
CommScope Holding Company	114	320	(73)*	230.6M	1.6 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.