ADTRAN Holdings, Inc. (ADTN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 286.09M | 291.56M | 279.44M | 265.07M | 247.74M | 242.85M | 227.7M | 225.99M | 226.17M | 225.48M | 272.33M | 327.38M | 323.91M | 358.27M | 340.71M | 172.04M | 154.52M | 154.16M | 138.08M | 143.23M |
| Revenue Growth % | 15.48% | 20.06% | 22.72% | 17.29% | 9.54% | 7.7% | -16.39% | -30.97% | -30.17% | -37.06% | -20.07% | 90.29% | 109.63% | 132.41% | 146.75% | 20.11% | 21.16% | 18.47% | 3.71% | 11.28% |
| Cost of Goods Sold | 173.1M | 177.83M | 172.31M | 166.14M | 152.57M | 151.62M | 142.45M | 144.42M | 155.86M | 147.01M | 198.09M | 234.82M | 236.1M | 250.87M | 237.68M | 109.53M | 100.2M | 99.72M | 90.41M | 80.56M |
| COGS % of Revenue | 60.51% | 60.99% | 61.66% | 62.68% | 61.58% | 62.43% | 62.56% | 63.9% | 68.91% | 65.2% | 72.74% | 71.73% | 72.89% | 70.02% | 69.76% | 63.67% | 64.85% | 64.69% | 65.47% | 56.25% |
| Gross Profit | 112.99M | 113.73M | 107.13M | 98.92M | 95.18M | 91.23M | 85.25M | 81.58M | 70.31M | 78.47M | 74.24M | 92.55M | 87.81M | 107.4M | 103.03M | 62.51M | 54.32M | 54.44M | 47.67M | 62.67M |
| Gross Margin % | 39.49% | 39.01% | 38.34% | 37.32% | 38.42% | 37.57% | 37.44% | 36.1% | 31.09% | 34.8% | 27.26% | 28.27% | 27.11% | 29.98% | 30.24% | 36.33% | 35.15% | 35.31% | 34.53% | 43.75% |
| Gross Profit Growth % | 18.71% | 24.66% | 25.66% | 21.27% | 35.36% | 16.27% | 14.84% | -11.86% | -19.92% | -26.94% | -27.94% | 48.07% | 61.66% | 97.3% | 116.11% | -0.26% | 1.33% | 1.72% | -19.15% | 17.2% |
| Operating Expenses | 106.61M | 109.25M | 109.91M | 112.24M | 99.14M | 106.36M | 109.23M | 119.88M | 416.56M | 116.08M | 163.53M | 137.18M | 137.54M | 139.81M | 151.04M | 54.37M | 54.38M | 61.67M | 57.73M | 58.74M |
| OpEx % of Revenue | 37.27% | 37.47% | 39.33% | 42.34% | 40.02% | 43.8% | 47.97% | 53.05% | 184.18% | 51.48% | 60.05% | 41.9% | 42.46% | 39.02% | 44.33% | 31.61% | 35.2% | 40.01% | 41.81% | 41.01% |
| Selling, General & Admin | 55.84M | 57.41M | 58.23M | 60.35M | 50.28M | 57.16M | 57.62M | 59.49M | 57.12M | 61.26M | 59.55M | 66.58M | 67.4M | 78.24M | 74.88M | 27.87M | 27.89M | 35.14M | 30.97M | 30.87M |
| SG&A % of Revenue | 19.52% | 19.69% | 20.84% | 22.77% | 20.3% | 23.53% | 25.3% | 26.33% | 25.25% | 27.17% | 21.87% | 20.34% | 20.81% | 21.84% | 21.98% | 16.2% | 18.05% | 22.8% | 22.43% | 21.55% |
| Research & Development | 50.78M | 51.84M | 51.68M | 51.9M | 48.86M | 49.21M | 51.62M | 60.39M | 56.19M | 54.82M | 62.75M | 70.6M | 70.14M | 61.57M | 59.2M | 26.5M | 26.49M | 26.53M | 26.76M | 27.87M |
| R&D % of Revenue | 17.75% | 17.78% | 18.49% | 19.58% | 19.72% | 20.26% | 22.67% | 26.72% | 24.84% | 24.31% | 23.04% | 21.56% | 21.65% | 17.19% | 17.37% | 15.4% | 17.14% | 17.21% | 19.38% | 19.46% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 6.38M | 4.48M | -2.79M | -13.32M | -3.97M | -15.13M | -23.98M | -38.31M | -346.24M | -37.62M | -89.3M | -44.63M | -49.73M | -32.87M | -48.02M | 8.13M | -68K | -7.24M | -10.06M | 3.93M |
| Operating Margin % | 2.23% | 1.54% | -1% | -5.02% | -1.6% | -6.23% | -10.53% | -16.95% | -153.09% | -16.68% | -32.79% | -13.63% | -15.35% | -9.18% | -14.09% | 4.73% | -0.04% | -4.7% | -7.28% | 2.74% |
| Operating Income Growth % | 260.66% | 129.59% | 88.38% | 65.23% | 98.85% | 59.77% | 73.14% | 14.17% | -596.22% | -14.42% | -85.96% | -648.73% | -73035.29% | -354.19% | -377.41% | 106.89% | 94.91% | -117.75% | -321.83% | 165.09% |
| EBITDA | 6.38M | 27.78M | -1.06M | 10.08M | 17.63M | 7.43M | -719K | -15.54M | -323.85M | -16.09M | -65.34M | -10.56M | -16.33M | -104K | -20.47M | 11.71M | 3.59M | -3.4M | -6.06M | 7.93M |
| EBITDA Margin % | 2.23% | 9.53% | -0.38% | 3.8% | 7.12% | 3.06% | -0.32% | -6.88% | -143.19% | -7.13% | -23.99% | -3.23% | -5.04% | -0.03% | -6.01% | 6.8% | 2.33% | -2.21% | -4.39% | 5.54% |
| EBITDA Growth % | -63.84% | 273.74% | -46.87% | 164.84% | 105.44% | 146.2% | 98.9% | -47.12% | -1883.18% | -15369.23% | -219.2% | -190.23% | -554.49% | 96.94% | -237.9% | 47.61% | 28.92% | -537.02% | -169.99% | 496.55% |
| D&A (Non-Cash Add-back) | 0 | 23.3M | 0 | 23.39M | 21.6M | 22.56M | 23.27M | 22.77M | 22.39M | 21.53M | 23.95M | 34.06M | 33.4M | 32.77M | 27.55M | 3.57M | 3.66M | 3.84M | 4M | 4M |
| EBIT | 0 | 16.72M | -1.06M | -12.68M | -4.58M | -13.73M | -22.79M | -37.97M | -342.28M | -38.22M | -87.69M | -40.51M | -48.48M | -20.54M | -47.87M | 4.38M | -3.5M | -5.31M | -9.13M | 6.22M |
| Net Interest Income | 0 | -14.21M | -5.21M | -4.36M | -4.63M | -3.24M | -5.01M | -6.54M | -4.2M | -3.28M | -3.99M | -3.71M | -2.98M | -655K | -956K | 123K | 174K | 1.94M | 338K | 247K |
| Interest Income | 0 | 618K | 291K | 201K | 126K | 1.63M | 664K | 366K | 397K | 1.16M | 521K | 358K | 304K | 1.35M | 347K | 217K | 204K | 1.96M | 344K | 253K |
| Interest Expense | -4.24M | 14.83M | 5.5M | 4.56M | 4.76M | 4.87M | 5.68M | 6.91M | 4.6M | 4.44M | 4.51M | 4.06M | 3.29M | 2.01M | 1.3M | 94K | 30K | 16K | 6K | 6K |
| Other Income/Expense | -3.53M | -2.59M | -3.77M | -3.92M | -5.38M | -3.47M | -4.48M | -6.57M | -638K | -5.05M | -2.91M | 50K | -2.03M | 10.33M | -1.15M | -3.84M | -3.47M | 1.91M | 923K | 2.28M |
| Pretax Income | 2.85M | 1.89M | -6.55M | -17.24M | -9.35M | -18.6M | -28.47M | -44.88M | -346.88M | -42.66M | -92.2M | -44.58M | -51.77M | -22.55M | -49.17M | 4.29M | -3.54M | -5.33M | -9.13M | 6.21M |
| Pretax Margin % | 1% | 0.65% | -2.35% | -6.5% | -3.77% | -7.66% | -12.5% | -19.86% | -153.37% | -18.92% | -33.86% | -13.62% | -15.98% | -6.29% | -14.43% | 2.49% | -2.29% | -3.46% | -6.62% | 4.34% |
| Income Tax | -1.92M | 3.17M | 1.2M | 1.02M | -397K | 24.91M | 390K | 2.14M | -18.65M | 64.36M | -16.55M | -8.36M | -11.31M | -57.5M | -4.31M | 2.15M | -2.41M | -1.14M | 1.29M | 1.13M |
| Effective Tax Rate % | -67.33% | 167.65% | -18.34% | -5.89% | 4.25% | -133.87% | -1.37% | -4.76% | 5.38% | -150.86% | 17.95% | 18.76% | 21.85% | 255.02% | 8.77% | 50.06% | 68.12% | 21.34% | -14.14% | 18.14% |
| Net Income | 4.76M | -3.6M | -10.26M | -20.53M | -11.27M | -45.92M | -31.24M | -49.87M | -330.76M | -109.94M | -72.73M | -39.1M | -40.08M | 38.88M | -41.93M | 2.14M | -1.13M | -4.19M | -10.43M | 5.09M |
| Net Margin % | 1.67% | -1.23% | -3.67% | -7.75% | -4.55% | -18.91% | -13.72% | -22.07% | -146.24% | -48.76% | -26.71% | -11.94% | -12.37% | 10.85% | -12.31% | 1.25% | -0.73% | -2.72% | -7.55% | 3.55% |
| Net Income Growth % | 142.28% | 92.17% | 67.15% | 58.83% | 96.59% | 58.24% | 57.05% | -27.54% | -725.2% | -382.77% | -73.45% | -1924.41% | -3456.61% | 1027.95% | -302.17% | -57.86% | -225.78% | -168.53% | -290.24% | 576.33% |
| Net Income (Continuing) | 4.76M | -1.28M | -7.76M | -18.26M | -8.95M | -43.51M | -28.86M | -47.01M | -328.24M | -107.03M | -75.65M | -36.22M | -40.45M | 34.95M | -44.86M | 2.14M | -1.13M | -4.19M | -10.43M | 5.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 369.02M | 373.33M | 402.09M | 402.09M | 422.93M | 422.94M | 421.78M | 439.74M | 441.63M | 443.33M | 431.92M | 0 | 442.67M | 329.66M | 313.68M | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | -0.05 | -0.13 | -0.26 | -0.14 | -0.58 | -0.40 | -0.63 | -4.20 | -1.40 | -1.00 | -0.50 | -0.51 | 0.50 | -0.57 | 0.04 | -0.02 | -0.09 | -0.21 | 0.10 |
| EPS Growth % | 92.86% | 92.24% | 67.5% | 58.73% | 96.67% | 58.57% | 60% | -26% | -723.53% | -380% | -75.44% | -1262.79% | -2127.07% | 683.43% | -171.43% | -57% | -225.14% | -165.92% | -290.91% | 541.03% |
| EPS (Basic) | -0.01 | -0.05 | -0.13 | -0.26 | -0.14 | -0.58 | -0.40 | -0.63 | -4.20 | -1.40 | -0.93 | -0.50 | -0.51 | 0.50 | -0.57 | 0.04 | -0.02 | -0.09 | -0.21 | 0.11 |
| Diluted Shares Outstanding | 80.32M | 79.88M | 79.7M | 79.75M | 79.53M | 79.09M | 78.95M | 78.85M | 78.81M | 78.53M | 78.39M | 78.37M | 78.36M | 77.89M | 73.04M | 49.81M | 49.11M | 48.91M | 48.61M | 49.43M |
| Basic Shares Outstanding | 80.32M | 79.88M | 79.7M | 79.75M | 79.53M | 79.09M | 78.95M | 78.85M | 78.81M | 78.53M | 78.39M | 78.37M | 78.36M | 77.89M | 73.04M | 49.12M | 49.11M | 46.77M | 48.61M | 48.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.07% | - | 207.14% | - | - | - | 86% |