ADTN · XBRL financial data

ADTRAN Holdings financial statements, every fiscal year

The same tables from 8 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 years (ADTN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	507	563	1,026	1,149	923	1,084
Cost of revenue	—	—	698	818	599	669
Cost of goods and services sold	289	345	698	816	599	669
Gross profit	218	218	327	333	324	415
Research and development	113	109	174	258	221	204
Selling, general and administrative	114	124	209	258	233	226
Operating income (loss)	(10)	(15)	(73)	(221)	(428)	(16)
Interest expense	0	0	3	16	22	19
Other income (expense)	(3)	4	15	1	0	(2)
Income tax expense (benefit)	(9)	2	(62)	28	7	5
Net income (loss)	2	(9)	(2)	(268)	(460)	(46)
Earnings per share, basic USD per share	0.05	(0.18)	(0.03)	(3.41)	(5.79)	(0.52)
Earnings per share, diluted USD per share	0.05	(0.18)	(0.03)	(3.41)	(5.79)	(0.52)
Weighted average shares, basic millions of shares	48	49	62	78	79	80
Weighted average shares, diluted millions of shares	48	49	62	78	79	80

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	60	57	109	87	76	96
Short-term investments	3	0	0	0	—	—
Marketable securities	2	0	0	0	—	—
Marketable securities, non-current	43	30	9	0	—	—
Accounts receivable	99	159	279	216	178	211
Inventory	125	140	428	362	262	216
Prepaid and other current assets	8	9	34	46	56	55
Total current assets	317	376	882	737	599	635
Property and equipment, net	62	56	111	123	106	124
Right-of-use asset	5	5	30	37	30	32
Goodwill	7	7	382	353	53	60
Total assets	526	569	1,943	1,683	1,171	1,204
Accounts payable	50	102	238	163	172	167
Total current liabilities	94	155	429	280	293	362
Lease liability, non-current	4	3	23	31	26	27
Total liabilities	153	212	640	637	622	685
Retained earnings (accumulated deficit)	782	741	55	(244)	(689)	(730)
Total stockholders' equity	373	357	—	—	—	—
Total liabilities and equity	526	569	1,943	1,683	1,171	1,204
Common shares outstanding (cover page) millions of shares	48	49	79	79	80	81

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	2	(9)	(2)	(268)	(460)	(46)
Stock-based compensation	7	7	28	16	16	10
Depreciation and amortization	17	16	68	113	91	93
Net cash from operating activities	(17)	3	(44)	(46)	104	130
Purchases of property and equipment	6	6	17	43	35	32
Net cash from investing activities	41	10	56	(32)	(64)	(69)
Dividends paid	17	18	23	21	0	—
Net cash from financing activities	(43)	(13)	53	59	(50)	(47)

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.