# Adtran Holdings, Inc. (ADTN)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $1.19B  
**Price:** $14.95 (+4.84%)

> ADTRAN Holdings, Inc. is a leading global provider of networking and communications platforms, software, systems, and services focused on the broadband access and optical networking market. The company operates through two segments: Network Solutions, which offers residential gateways, ethernet and gigabit passive optical network solutions, routers, switches, edge cloud, carrier ethernet devices, optical line terminals, and packet aggregation solutions; and Services & Support, which includes network design, implementation, maintenance, and cloud-hosted services. ADTRAN serves diverse customers including service providers, utilities, municipalities, cable operators, small and medium-sized businesses, enterprises with business continuity requirements, and government agencies. Founded in 1985 and headquartered in Huntsville, Alabama, the company enables voice, data, video, and internet communications across various network infrastructures worldwide. ADTRAN's innovative solutions address the evolving demands of broadband infrastructure and optical networking, serving millions of users globally through its comprehensive portfolio of hardware, software, and managed services.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.08B | $415M | -$16M | -$46M | — |
| 2024 | $923M | $324M | -$428M | -$460M | — |
| 2023 | $1.15B | $331M | -$224M | -$269M | — |
| 2022 | $1.03B | $327M | -$73M | -$2M | — |
| 2021 | $563M | $218M | -$15M | -$9M | — |
| 2020 | $507M | $218M | -$10M | $2M | — |
| 2019 | $530M | $219M | -$40M | -$53M | — |
| 2018 | $529M | $204M | -$45M | -$19M | — |
| 2017 | $667M | $304M | $37M | $24M | — |
| 2016 | $637M | $291M | $35M | $35M | — |
| 2015 | $600M | $267M | $13M | $19M | — |
| 2014 | $630M | $311M | $47M | $45M | — |
| 2013 | $642M | $309M | $48M | $46M | — |
| 2012 | $621M | $317M | $56M | $47M | — |
| 2011 | $717M | $414M | $189M | $139M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.20B | $685M | $146M | $96M | — |
| 2024 | $1.17B | $622M | $127M | $76M | — |
| 2023 | $1.68B | $629M | $605M | $87M | — |
| 2022 | $1.94B | $640M | $1.30B | $109M | — |
| 2021 | $569M | $212M | $357M | $57M | — |
| 2020 | $526M | $153M | $373M | $60M | — |
| 2019 | $545M | $165M | $380M | $74M | $25M |
| 2018 | $628M | $182M | $446M | $106M | $26M |
| 2017 | $669M | $171M | $498M | $86M | $27M |
| 2016 | $667M | $188M | $480M | $80M | $28M |
| 2015 | $633M | $153M | $480M | $85M | $29M |
| 2014 | $739M | $190M | $549M | $73M | $30M |
| 2013 | $790M | $185M | $605M | $58M | $47M |
| 2012 | $884M | $191M | $692M | $68M | $46M |
| 2011 | $818M | $125M | $692M | $43M | $47M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $130M | $32M | $98M |
| 2024 | $104M | $35M | $69M |
| 2023 | -$43M | $36M | -$79M |
| 2022 | -$44M | $17M | -$61M |
| 2021 | $3M | $6M | -$3M |
| 2020 | -$17M | $6M | -$23M |
| 2019 | -$2M | $9M | -$12M |
| 2018 | $55M | $8M | $47M |
| 2017 | -$42M | $15M | -$57M |
| 2016 | $42M | $21M | $21M |
| 2013 | $60M | $8M | $52M |
| 2012 | $86M | $12M | $74M |
| 2011 | $150M | $12M | $139M |
| 2010 | $93M | $10M | $83M |
| 2009 | $90M | $9M | $81M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ADTN)