# ADTRAN Holdings, Inc. (ADTN) · Edgar & Edgarette company card

> ADTRAN Holdings (ADTN) grew revenue 17.5% in FY2025 to $1.1 billion, operating margin -1.4% against a 2.6% median for telephone & telegraph apparatus, equity 12.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 926282 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ADTN) · [JSON](https://www.pops4.com/boards/company/ADTN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.1B |
| Revenue growth, 1 year | 17.5% |
| Revenue growth per year | 17.8% |
| Operating margin | -1.4% (prior year -46.3%) |
| Net margin | -4.2% |
| Operating cash flow | $130M |
| Capital spending | $32M |
| Free cash flow | $98M |
| Cash | $96M |
| Long-term debt | — |
| Total assets | $1.2B |
| Total equity | $146M |
| Equity ÷ assets | 12.1% |
| Return on equity | -31.3% |
| Dividend per share | $0.09 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: -0.35 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -3.1 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±36%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $1.1B (FY2025). Experience: revenue up 17.5% on the year, up 17.8% a year over 4 years; operating margin -1.4%, up from -46.3%. Soundness: equity 12.1% of assets, return on equity -31.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $800.6M and $1.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $610.1M to $2.2B. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, its industry group): operating margin -1.4% against a 2.6% median; growth 17.5% against 10.8%.

Range logged 2026-10-30, receipt 001facb991829d60, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 5, latest 2026-10-29 ([filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526438101/0001193125-26-438101-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526438101/0001193125-26-438101-index.htm)
- 8-K · filed 2026-08-10 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526342359/0001193125-26-342359-index.htm)
- 10-Q · filed 2026-08-04 · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526331632/0001193125-26-331632-index.htm)
- 8-K · filed 2026-08-04 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526331458/0001193125-26-331458-index.htm)
- 8-K · filed 2026-07-23 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526314198/0001193125-26-314198-index.htm)
- 8-K · filed 2026-07-22 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/926282/000119312526311290/0001193125-26-311290-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000926282.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=926282

## Cite

POPS4, Edgar & Edgarette: ADTRAN Holdings, Inc. (ADTN) company card, from the company's own SEC filings, accessed 2026-10-30, https://www.pops4.com/boards/company/ADTN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.