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MARKETS / NASDAQ / ADTN
NASDAQ · TELEPHONE & TELEGRAPH APPARATUS · LARGE CAP

Adtran Holdings, Inc. ADTN

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 17.5% YoY
$-45.7M
$98.0M
▲ 41.9% YoY
In brief

What this company does

ADTRAN Holdings, Inc. provides networking and communications platforms, software, systems and services focused on the metro optical transport, data center interconnect, and broadband access market, serving a domestic and international customer base that includes large, medium and small Service Providers, alternative Service Providers such as utilities, municipalities and fiber overbuilders, cable/MSOs, SMBs and distributed enterprises, and federal, state and local government agencies. Its global headquarters are located at Cummings Research Park in Huntsville, Alabama. During 2025, one customer, an international Service Provider, accounted for more than 10.0% of its revenue, and its next five largest customers accounted for 20.4% of revenue. As of December 31, 2025, it had 3,338 total employees, of which 3,201 were full-time and 137 were part-time. The company operates two reportable segments, Network Solutions and Services & Support. The Network Solutions segment includes hardware and software products supporting the company's Subscriber, Access and Aggregation, and Optical Networking Solutions offerings. The Services & Support segment offers network design, implementation, maintenance and cloud-hosted services supporting those same product categories. It began operations in January 1986.

Written from the business description in ADTRAN Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income -0.0
0.4B0.8B-0.2B-0.4B2008201120142017202020232025
Compound annual growth
+1.9%
+16.4%
+6.1%
+4.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1.4% · Net -3.3%
10%20%-20%-40%2008201120142017202020232025
ROE
FY2022 · ROE -0.6%
10%20%-5%-10%2008201120142017202020232025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 98.0
50M100M-40M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2024 · Dividends 0.0 · Net buybacks —
50M100MDividendsNet buybacks200820102012201420162018202020222024

Total assetsUSD 1.2B
CashUSD 95.7M
Current ratio1.76×

Not available: we don't have the total debt figure for this period.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.10.91.11.00.60.50.50.50.70.60.60.60.60.60.70.60.50.5
Operating income $B−0.0−0.4−0.2−0.1−0.0−0.0−0.0−0.00.00.00.00.00.00.10.20.20.10.1
EBITDA $B0.1−0.3−0.1−0.00.00.0−0.0−0.00.10.00.00.10.10.10.20.20.10.1
Income tax $B0.00.00.0−0.10.0−0.00.0−0.00.00.00.00.00.00.00.10.10.00.0
Net income $B−0.0−0.5−0.3−0.0−0.00.0−0.1−0.00.00.00.00.00.00.00.10.10.10.1
Free cash flow $B0.10.1−0.1−0.1−0.0−0.0−0.00.0−0.10.00.00.00.10.10.10.10.10.1
EPS, diluted $−0.52−5.79−3.43−0.03−0.180.05−1.11−0.400.490.720.360.800.770.742.121.781.171.22
Dividend / sh $··0.090.090.090.090.090.090.09·········
Payout %·−0−8−1123−203729−32−8973509945474817203029
ROE %···−0.6−2.40.6−12.8−4.14.97.33.67.77.16.821.922.217.920.9
Shares out B0.080.080.080.080.050.050.050.050.050.050.050.050.060.060.060.06··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelephone & Telegraph Apparatus
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008

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