ADTN
ADTRAN Inc
NASDAQ: ADTN · TECHNOLOGY · COMMUNICATION EQUIPMENT
$16.79
+3.90% today
Updated 2026-04-29
Market cap
$1.35B
P/E ratio
—
P/S ratio
1.25x
EPS (TTM)
$-0.52
Dividend yield
—
52W range
$7 – $18
Volume
2.1M
ADTRAN Inc (ADTN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $472.71M | $476.78M | $500.68M | $484.19M | $605.67M | $717.23M | $620.61M | $641.74M | $630.01M | $600.06M | $636.78M | $666.58M | $529.28M | $530.06M | $506.51M | $563.00M | $1.03B | $1.15B | $922.72M | $1.08B |
| Revenue growth (YoY) | — | +0.9% | +5.0% | -3.3% | +25.1% | +18.4% | -13.5% | +3.4% | -1.8% | -4.8% | +6.1% | +4.7% | -20.6% | +0.1% | -4.4% | +11.2% | +82.2% | +12.0% | -19.7% | +17.5% |
| Cost of revenue | $193.75M | $193.79M | $201.77M | $197.22M | $246.81M | $302.91M | $303.97M | $332.86M | $318.68M | $333.17M | $345.44M | $362.93M | $325.71M | $311.06M | $288.96M | $344.63M | $698.28M | $817.97M | $598.56M | $668.85M |
| Gross profit | $278.96M | $282.99M | $298.90M | $286.96M | $358.86M | $414.32M | $316.64M | $308.89M | $311.33M | $266.90M | $291.34M | $303.65M | $203.56M | $219.00M | $217.55M | $218.38M | $327.25M | $331.13M | $324.16M | $414.95M |
| Gross margin | 59.0% | 59.4% | 59.7% | 59.3% | 59.3% | 57.8% | 51.0% | 48.1% | 49.4% | 44.5% | 45.8% | 45.6% | 38.5% | 41.3% | 43.0% | 38.8% | 31.9% | 28.8% | 35.1% | 38.3% |
| R&D | $70.70M | $75.37M | $81.82M | $83.28M | $90.30M | $100.30M | $125.95M | $131.06M | $132.26M | $129.88M | $124.80M | $130.43M | $124.55M | $126.77M | $113.29M | $108.66M | $173.76M | $258.31M | $221.46M | $204.28M |
| SG&A | $103.03M | $103.33M | $103.29M | $99.45M | $114.70M | $124.88M | $134.52M | $129.37M | $131.96M | $123.54M | $131.81M | $135.49M | $124.44M | $130.29M | $113.97M | $124.41M | $208.89M | $275.13M | $233.37M | $226.28M |
| Operating income | $105.23M | $104.29M | $113.80M | $104.23M | $153.86M | $189.14M | $56.17M | $48.47M | $47.11M | $13.48M | $34.73M | $37.39M | $-45.42M | $-39.96M | $-9.77M | $-14.70M | $-72.83M | $-223.67M | $-427.56M | $-15.60M |
| Operating margin | 22.3% | 21.9% | 22.7% | 21.5% | 25.4% | 26.4% | 9.1% | 7.6% | 7.5% | 2.2% | 5.5% | 5.6% | -8.6% | -7.5% | -1.9% | -2.6% | -7.1% | -19.5% | -46.3% | -1.4% |
| EBITDA | $116.06M | $128.77M | $130.68M | $120.08M | $181.17M | $220.04M | $89.39M | $77.81M | $75.43M | $40.55M | $61.87M | $60.94M | $-16.95M | $-6.50M | $10.39M | $9.81M | $27000.00 | $-104.36M | $-330.14M | $80.64M |
| EBITDA margin | 24.6% | 27.0% | 26.1% | 24.8% | 29.9% | 30.7% | 14.4% | 12.1% | 12.0% | 6.8% | 9.7% | 9.1% | -3.2% | -1.2% | 2.1% | 1.7% | 0.0% | -9.1% | -35.8% | 7.4% |
| EBIT | $105.23M | $118.07M | $120.79M | $110.00M | $170.63M | $208.54M | $75.31M | $63.18M | $60.58M | $26.30M | $47.47M | $45.24M | $-32.84M | $-24.27M | $-6.24M | $-6.27M | $-67.53M | $-217.31M | $-420.67M | $-11.91M |
| Interest expense | $0.00 | $0.00 | $2.51M | $2.43M | $2.44M | $2.40M | $2.35M | $2.33M | $677000.00 | $596000.00 | $572000.00 | $556000.00 | $533000.00 | $511000.00 | $5000.00 | $34000.00 | $3.44M | $16.30M | $22.05M | $19.34M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $78.33M | $76.33M | $78.58M | $74.22M | $113.99M | $138.58M | $47.26M | $45.79M | $44.62M | $18.65M | $35.23M | $23.83M | $-19.34M | $-52.98M | $2.38M | $-8.63M | $-2.04M | $-267.69M | $-459.89M | $-45.66M |
| Net income growth (YoY) | — | -2.6% | +2.9% | -5.5% | +53.6% | +21.6% | -65.9% | -3.1% | -2.6% | -58.2% | +88.9% | -32.3% | -181.2% | -173.9% | +104.5% | -463.1% | +76.4% | -13041.3% | -71.8% | +90.1% |
| Profit margin | 16.6% | 16.0% | 15.7% | 15.3% | 18.8% | 19.3% | 7.6% | 7.1% | 7.1% | 3.1% | 5.5% | 3.6% | -3.7% | -10.0% | 0.5% | -1.5% | -0.2% | -23.3% | -49.8% | -4.2% |