← ADTRAN Holdings, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $636.8m | $666.9m | $529.3m | $530.1m | $506.5m | $563.0m | $1.0b | $1.1b | $922.7m | $1.1b | |
| Cost of Revenue | $345.4m | $363.2m | $325.7m | $310.9m | $289.0m | $344.6m | $698.3m | $816.0m | $598.6m | $668.9m | |
| Gross Profit | $291.3m | $303.7m | $203.6m | $219.2m | $217.6m | $218.4m | $327.3m | $333.1m | $324.2m | $415.0m | |
| Operating Income (Loss) | $34.7m | $37.7m | ($45.4m) | ($40.0m) | ($9.8m) | ($14.7m) | ($72.8m) | ($221.3m) | ($427.6m) | ($15.6m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $2.5m | $2.9m | $2.3m | $5.3m | $4.4m | $4.1m | $47.3m | $82.8m | $63.0m | $62.9m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $1.3m | ($96k) | ($2.4m) | ($992k) | ($1.7m) | $17k | $277k | — | |
| Gain (Loss) on Investments | — | — | ($4.0m) | $11.4m | $4.8m | $1.8m | ($11.3m) | $2.8m | $3.6m | $3.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37.9m | $297.4m | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $54.1m | $26.6m | ($74.1m) | ($29.8m) | ($12.8m) | ($15.0m) | ($33.7m) | ($114.0m) | ($71.7m) | $2.9m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $46.9m | $44.7m | ($33.4m) | ($24.8m) | ($6.2m) | ($6.3m) | ($71.0m) | ($231.2m) | ($442.7m) | ($31.2m) | |
| Net Income (Loss) Attributable to Parent | $35.2m | $23.8m | ($19.3m) | ($53.0m) | $2.4m | ($8.6m) | ($2.0m) | ($267.7m) | ($459.9m) | ($45.7m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1 | $0 | ($0) | ($1) | $0 | ($0) | ($0) | ($3) | ($456.9m) | ($41.6m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($6.9m) | $8.3m | $9.8m | $9.4m | |
| Earnings Per Share, Basic | $0.72 | $0.50 | ($0.40) | ($1.11) | $0.05 | ($0.18) | ($0.03) | ($3.41) | ($5.79) | ($0.52) | |
| Earnings Per Share, Diluted | $0.72 | $0.49 | ($0.40) | ($1.11) | $0.05 | ($0.18) | ($0.03) | ($3.41) | ($5.79) | ($0.52) | |
| Common Stock, Dividends, Per Share, Declared | $0.72 | $0.50 | ($0.40) | $0.09 | $0.09 | ($0.18) | ($0.03) | ($3.41) | ($5.67) | ($0.52) | |
| Weighted Average Number of Shares Outstanding, Basic | 48.7m | 48.2m | 47.9m | 47.8m | 48.0m | 48.6m | 62.3m | 78.4m | 78.9m | 79.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 48.9m | 48.7m | 47.9m | 47.8m | 48.3m | 48.6m | 62.3m | 78.4m | 78.9m | 79.7m | |
| Selling, General and Administrative Expense | $131.8m | $135.5m | $124.4m | $130.3m | $114.0m | $124.4m | $208.9m | $258.1m | $232.9m | $226.3m | |
| Other Nonoperating Income (Expense) | ($651k) | ($1.6m) | $1.3m | $1.5m | ($3.3m) | $3.8m | $14.5m | $1.3m | $246k | ($1.6m) | |
| Current Income Tax Expense (Benefit) | $14.4m | $6.8m | $3.2m | ($1.9m) | ($7.3m) | $4.1m | $313k | $12.6m | $1.8m | $8.8m | |
| Interest Expense | $572k | $556k | $533k | $511k | $5k | $34k | $3.4m | $16.3m | $22.1m | $19.3m | |
| Operating Lease, Expense | — | — | — | $3.9m | $2.5m | $2.0m | $5.0m | — | — | — | |
| Research and Development Expense | $124.8m | $130.4m | $124.5m | $126.2m | $113.3m | $108.7m | $173.8m | $258.3m | $221.5m | $204.3m | |
| Restructuring Costs | — | — | — | — | $12.2m | $12.7m | — | $25.1m | $44.7m | — | |
| Income Tax Expense (Benefit) | $11.7m | $20.8m | ($14.0m) | $28.2m | ($8.6m) | $2.3m | ($62.1m) | $28.1m | $7.3m | $5.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.