ADTRAN Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $922.7M | $1.15B | $1.03B | $563.0M | $506.5M | $530.1M | $529.3M |
| Network Solutions | $896.9M | $739.0M | $974.4M | $916.8M | $498.8M | $438.0M | $455.2M | $458.2M |
| Services & Support | $186.9M | $183.8M | $174.7M | $108.7M | $64.2M | $68.5M | $74.8M | $71.0M |
| Carrier Networks | — | — | — | — | — | — | — | — |
| Enterprise Networks | — | — | — | — | — | — | — | — |
| Cost of Revenue | $668.9M | $598.6M | $818.0M | $698.3M | $344.6M | $289.0M | $310.9M | $325.7M |
| Gross Profit | $415.0M | $324.2M | $331.1M | $327.3M | $218.4M | $217.6M | $219.2M | $203.6M |
| Gross Margin | 38.3% | 35.1% | 28.8% | 31.9% | 38.8% | 43.0% | 41.3% | 38.5% |
| Operating Expenses | ||||||||
| Research & Development | $204.3M | $221.5M | $258.3M | $173.8M | $108.7M | $113.3M | $126.2M | $124.5M |
| SG&A Expense | $226.3M | $232.9M | $258.6M | $208.9M | $124.4M | $114.0M | $130.3M | $124.4M |
| Operating Income | $-15.6M | $-427.6M | $-223.7M | $-72.8M | $-14.7M | $-9.8M | $-40.0M | $-45.4M |
| Operating Margin | -1.4% | -46.3% | -19.5% | -7.1% | -2.6% | -1.9% | -7.5% | -8.6% |
| Interest Expense | $19.3M | $22.1M | $16.3M | $3.4M | $34.0K | $5.0K | $511.0K | $533.0K |
| Pretax Income | $-31.3M | $-442.7M | $-233.6M | $-71.0M | $-6.3M | $-6.2M | $-24.8M | $-33.4M |
| Income Tax Expense | $5.0M | $7.3M | $28.3M | $-62.1M | $2.3M | $-8.6M | $28.2M | $-14.0M |
| Net Income | $-45.7M | $-459.9M | $-268.9M | $-2.0M | $-8.6M | $2.4M | $-53.0M | $-19.3M |
| Net Margin | -4.2% | -49.8% | -23.4% | -0.2% | -1.5% | 0.5% | -10.0% | -3.7% |
| EPS (Basic) | $-0.52 | $-5.79 | $-3.43 | $-0.03 | $-0.18 | $0.05 | $-1.11 | $-0.40 |
| EPS (Diluted) | $-0.52 | $-5.79 | $-3.43 | $-0.03 | $-0.18 | $0.05 | $-1.11 | $-0.40 |
| Shares Outstanding (Basic) | 79.7M | 78.9M | 78.4M | 62.3M | 48.6M | 48.0M | 47.8M | 47.9M |
| Shares Outstanding (Diluted) | 79.7M | 78.9M | 78.4M | 62.3M | 48.6M | 48.3M | 47.8M | 47.9M |
| Dividends Per Share | — | — | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 |