15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | -$46M | 38.3% | -1.4% | $98M | — | $96M |
| 2024 | $923M | -$460M | 35.1% | -46.3% | $69M | — | $76M |
| 2023 | $1.1B | -$269M | 28.8% | -19.5% | -$79M | — | $87M |
| 2022 | $1.0B | -$2M | 31.9% | -7.1% | -$61M | — | $109M |
| 2021 | $563M | -$9M | 38.8% | -2.6% | -$3M | — | $57M |
| 2020 | $507M | $2M | 43.0% | -1.9% | -$23M | — | $60M |
| 2019 | $530M | -$53M | 41.3% | -7.5% | -$12M | $25M | $74M |
| 2018 | $529M | -$19M | 38.5% | -8.6% | $47M | $26M | $106M |
| 2017 | $667M | $24M | 45.5% | 5.6% | -$57M | $27M | $86M |
| 2016 | $637M | $35M | 45.8% | 5.4% | $21M | $28M | $80M |
| 2015 | — | $19M | — | — | — | $29M | $85M |
| 2014 | — | $45M | — | — | — | $30M | $73M |
| 2013 | — | $46M | — | — | $52M | $47M | $58M |
| 2012 | — | $47M | — | — | $74M | $46M | $68M |
| 2011 | — | $139M | — | — | $139M | $47M | $43M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $286M | -$1M | 39.5% | 2.2% | $5M | — | $88M |
| Dec '25 | $292M | -$4M | 39.0% | 1.5% | $31M | — | $96M |
| Sep '25 | $279M | -$10M | 38.3% | -1.0% | $4M | — | $94M |
| Jun '25 | $265M | -$21M | 37.3% | -5.0% | $27M | — | $106M |
| Mar '25 | $248M | -$11M | 38.4% | -1.6% | $36M | — | $101M |
| Dec '24 | $243M | -$46M | 36.9% | -6.9% | -$895000 | — | $76M |
| Sep '24 | $228M | -$33M | 36.5% | -11.5% | $37M | — | $88M |
| Jun '24 | $226M | -$50M | 36.0% | -17.0% | $8M | — | $111M |
| Mar '24 | $226M | -$331M | 31.1% | -153.1% | $24M | — | $107M |
| Dec '23 | $225M | -$110M | 34.8% | -16.7% | -$16M | — | $87M |
| Sep '23 | $272M | -$78M | 27.3% | -32.8% | -$7M | — | $116M |
| Jun '23 | $327M | -$39M | 28.3% | -13.6% | -$28M | — | $124M |
| Mar '23 | $324M | -$40M | 27.1% | -15.4% | -$28M | — | $136M |
| Dec '22 | $358M | $39M | 30.0% | -9.2% | -$8M | — | $109M |
| Sep '22 | $341M | -$42M | 30.2% | -14.1% | -$44M | — | $111M |
| Jun '22 | $172M | $2M | 36.3% | 4.7% | -$13M | — | $43M |
| Mar '22 | $155M | -$1M | 35.2% | -0.0% | $3M | — | $54M |
| Dec '21 | $154M | -$4M | 35.3% | -4.7% | -$28M | — | $57M |
| Sep '21 | $138M | -$10M | 34.5% | -7.3% | $9M | — | $76M |
| Jun '21 | $143M | $5M | 43.8% | 2.7% | $6M | — | $70M |
How the market has priced ADTN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Adtran Holdings, Inc.'s revenue has grown 16.4% per year. These are computed facts, not advice.
As of FY2025, Adtran Holdings, Inc. reported — of total debt against $96M of cash; operating income covered interest expense -0.8×.
In FY2025, gross margin was 38.3%, operating margin -1.4%, and net margin -4.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.