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ADTRAN Holdings, Inc.

ADTN NASDAQ Categories PDF
Technology · Communication Equipment · United States · Updated May 10, 5:43pm
$14.94
Price
$1.2B
Market Cap
3,091
Employees
1.47
Beta
Thomas Richard Stanton
CEO
Business Description

ADTRAN Holdings, Inc., through its subsidiaries, provides end-to-end fiber networking solutions for communications service provider, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support. The company offers fiber access and fiber to the node platforms; transceivers, cables, and other miscellaneous materials; passive optical network optical line terminals; fiber to the distribution point Gfast distribution point units; cabinet and outside plant enclosures and services; packet optical transports; fixed wireless access platforms; and network management and subscriber services, and control and orchestration software. It also provides broadband customer premises solutions, ethernet switches and routers, residential gateways, cloud-based software-as-a-service management platforms, virtual wireless local area networks, Internet of Things gateways, pre-sale and post-sale technical support, and multi-gigabit mesh Wi-Fi gateways. In addition, the company offers time division multiplexed and asynchronous transfer mode-based aggregation systems and customer devices; and high-bit-rate and asymmetric digital subscriber line, and other technologies. Further, it provides other access and aggregation, subscriber and experience, and traditional and other products, software, and services. Additionally, the company engages in the provision of planning, engineering, program management, maintenance, installation, and commissioning services to implement customer network solutions; and customer devices solutions into consumer, small business, and enterprise locations. ADTRAN Holdings, Inc. is headquartered in Huntsville, Alabama.

Business History
Price Overview
Last updated: May 11, 2026 1:53pm (just now)
$16.02
+1.08 (+7.23%)
Day Range
$15.56 – $16.09
52-Week Range
$7.11 – $18.69
50-Day MA
$13.59
200-Day MA
$10.23
Volume
1,205,909.19
Analyst Price Targets
Low $18.00
Consensus $18.00
High $18.00
(8 analysts)
Share Structure
Outstanding 80,998,100.00
Float 74,310,491.00
Free Float 91.7%
High free float — 91.7% of shares trade freely, ~8.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-26.21
Stock Price: $14.94
EPS (Diluted): -0.57
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
4.75
Stock Price: $14.94
Total Equity: $145.83M
Shares: 79,742,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
17.48
Market Cap: $1.21B
Total Debt: $218.04M
Cash: $95.70M
EBITDA: $80.64M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$842.3M
Market Cap: $1.21B
Total Debt: $218.04M
Cash: $95.70M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
38.3%
Gross Profit: $414.96M
Revenue: $1.08B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-1.4%
Operating Income: -$15.60M
Revenue: $1.08B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-4.2%
Net Income: -$45.66M
Revenue: $1.08B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-24.0%
Net Income: -$45.66M
Total Equity: $145.83M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-0.6%
Operating Income: -$15.60M
Tax Rate: -16.0%
Equity: $145.83M
Total Debt: $218.04M
Cash: $95.70M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.76
Current Assets: $635.22M
Current Liabilities: $361.86M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
1.50
Short-Term Debt: $0.00
Long-Term Debt: $218.04M
Total Debt: $218.04M
Total Equity: $145.83M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$13.59
Revenue: $1.08B
Shares: 79,742,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.83
Total Equity: $145.83M
Shares: 79,742,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$1.23
Operating CF: $129.77M
CapEx: -$31.74M
Shares: 79,742,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $14.94
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$45.66M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ADTN against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $563.0M $1.0B $1.1B $922.7M $1.1B
Cost of Revenue $344.6M $698.3M $818.0M $598.6M $668.9M
Gross Profit $218.4M $327.3M $331.1M $324.2M $415.0M
Operating Expenses $233.1M $400.1M $554.8M $751.7M $430.6M
Operating Income -$14.7M -$72.8M -$223.7M -$427.6M -$15.6M
Net Income -$8.6M -$2.0M -$267.7M -$459.9M -$45.7M
EBITDA $9.8M $27,000 -$104.4M -$330.1M $80.6M
EPS $-0.18 $-0.03 $-3.41 $-5.67 $-0.57
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $56.6M $108.6M $87.2M $76.0M $95.7M
Total Current Assets $376.3M $882.4M $716.9M $599.1M $635.2M
Total Assets $569.0M $1.9B $1.7B $1.2B $1.2B
Current Liabilities $155.4M $428.6M $274.0M $293.5M $361.9M
Long-Term Debt $0 $60.0M $195.0M $189.6M $218.0M
Total Liabilities $211.9M $639.9M $628.9M $621.5M $685.3M
Total Equity $357.1M $974.0M $605.3M $127.0M $145.8M
Retained Earnings $740.8M $55.3M -$231.7M -$688.8M -$730.0M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $3.0M -$44.2M -$43.0M $103.6M $129.8M
Capital Expenditure -$5.7M -$17.1M -$36.3M -$65.2M -$31.7M
Free Cash Flow -$2.7M -$61.3M -$79.4M $38.4M $98.0M
Acquisitions (net) $0 $44.0M -$1.2M $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash -$3.4M $51.8M -$21.5M -$11.1M $19.7M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $1.1B
$1.1B – $1.1B
 $1.2B
$1.2B – $1.2B
 $1.3B
$1.3B – $1.3B
 $1.4B
$1.4B – $1.4B
EBITDA -$76.8M
-$77.3M – -$76.0M
 -$84.6M
-$86.0M – -$83.9M
 -$92.2M
-$92.9M – -$91.4M
 -$102.0M
-$102.0M – -$102.0M
Net Income $12.4M
$12.0M – $12.9M
 $44.6M
$39.3M – $49.8M
 $61.2M
$60.4M – $62.1M
 $80.4M
$79.5M – $81.3M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +82.2% +12.0% -19.7% +17.5%
Gross Profit Growth +49.9% +1.2% -2.1% +28.0%
Operating Income Growth -395.4% -207.1% -91.2% +96.4%
Net Income Growth +76.4% -13,041.3% -71.8% +90.1%
EBITDA Growth -99.7% -386,614.8% -216.4% +124.4%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-01 Wilson James Denson Jr A-Award 24,908.00 $0.00 $0
2026-04-01 Santo Timothy P A-Award 28,252.00 $0.00 $0
2026-04-01 STANTON THOMAS R A-Award 170,723.00 $0.00 $0
2026-03-19 Santo Timothy P F-InKind 1,501.00 $11.90 $17,862
2026-03-04 Jacqueline Hourigan Rice S-Sale 14,406.00 $10.29 $148,238
2025-01-24 STANTON THOMAS R A-Award 39,735.00 $0.00 $0
2026-01-26 Wilson James Denson Jr F-InKind 1,309.00 $9.24 $12,095
2026-01-26 Wilson James Denson Jr A-Award 3,777.00 $0.00 $0
2026-01-26 Wilson James Denson Jr F-InKind 1,087.00 $9.24 $10,044
2026-01-26 STANTON THOMAS R A-Award 27,973.00 $0.00 $0
2026-01-26 STANTON THOMAS R F-InKind 12,407.00 $9.24 $114,641
2026-01-24 Wilson James Denson Jr F-InKind 1,227.00 $9.55 $11,718
2026-01-26 Wilson James Denson Jr F-InKind 998.00 $9.73 $9,711
2026-01-24 STANTON THOMAS R F-InKind 17,535.00 $9.55 $167,459
2026-01-26 STANTON THOMAS R F-InKind 14,409.00 $9.73 $140,200
2026-01-20 Wilson James Denson Jr F-InKind 765.00 $9.24 $7,069
2026-01-20 STANTON THOMAS R F-InKind 10,247.00 $9.24 $94,682
2025-12-31 Walker Kathryn A A-Award 13,809.00 $0.00 $0
2025-12-31 Theodosopoulos Nikos A-Award 13,809.00 $0.00 $0
2025-12-31 McCray Gregory James A-Award 13,809.00 $0.00 $0
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2023-08-18 $0.09 2023-08-06 2023-08-21 2023-09-05
2023-05-22 $0.09 2023-05-08 2023-05-23 2023-06-06
2023-03-06 $0.09 2023-02-21 2023-03-07 2023-03-21
2022-11-21 $0.09 2022-11-08 2022-11-22 2022-12-06
2022-08-17 $0.09 2022-08-03 2022-08-18 2022-09-01
2022-05-18 $0.09 2022-05-04 2022-05-19 2022-06-02
2022-02-16 $0.09 2022-02-02 2022-02-17 2022-03-03
2021-11-15 $0.09 2021-11-01 2021-11-16 2021-11-30
2021-08-18 $0.09 2021-08-04 2021-08-19 2021-09-02
2021-05-19 $0.09 2021-05-05 2021-05-20 2021-06-03
2021-02-17 $0.09 2021-02-03 2021-02-18 2021-03-04
2020-11-16 $0.09 2020-11-02 2020-11-17 2020-12-01
2020-08-19 $0.09 2020-08-05 2020-08-20 2020-09-03
2020-05-20 $0.09 2020-05-06 2020-05-21 2020-06-04
2020-02-19 $0.09 2020-02-05 2020-02-20 2020-03-05
2019-11-13 $0.09 2019-10-30 2019-11-14 2019-12-02
2019-07-31 $0.09 2019-07-16 2019-08-01 2019-08-15
2019-05-01 $0.09 2019-04-17 2019-05-02 2019-05-16
2019-02-06 $0.09 2019-01-22 2019-02-07 2019-02-21
2018-10-30 $0.09 2018-10-16 2018-10-31 2018-11-14
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27