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Adtran

Logo: Adtran Inc., Public domain, via Wikimedia Commons4

American telecommunications equipment company

Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

Nov 1985Founded1

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  • TickerADTN on Nasdaq1
  • Industrytelecommunications1
  • HeadquartersHuntsville1
  • Websitewww.adtran.com
  • Legal formDelaware corporation1
  • Listed onNasdaq (ADTN), Frankfurt Stock Exchange (QH9)1
  • Business address901 Explorer Blvd, Huntsville, Al 358065
  • Filer categoryLarge accelerated filer5
AdtranExteriors-0210
Photo: Bsuski, CC BY-SA 4.0, via Wikimedia Commons7

Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.3%Gross margin8
-1.4%Operating margin8
-4.2%Net margin8
17.5%Revenue growth, 20258
-31.3%Return on equity8
$98.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Optical Networking Solutions brought in 27% of the revenue Adtran broke down this way in fiscal 2025.

  1. Optical Networking Solutions$380.3M827%up 26% from 2024
  2. Subscriber Solutions$369.1M826%up 12% from 2024
  3. Access & Aggregation Solutions$334.4M824%up 15% from 2024
  4. Access And Aggregations$334.4M824%up 15% from 2024
Products and services by year
Products and services202320242025
Optical Networking Solutions$493.0M$300.9M$380.3M
Subscriber Solutions$297.7M$330.8M$369.1M
Access & Aggregation Solutions$358.4M$291.0M$334.4M
Access And Aggregations$358.4M$291.0M$334.4M

Business segments

Network Solutions brought in 83% of the revenue Adtran broke down this way in fiscal 2025.

  1. Network Solutions$896.9M883%up 21% from 2024
  2. Services And Support$186.9M817%up 2% from 2024
Business segments by year
Business segments202320242025
Network Solutions$974.4M$739.0M$896.9M
Services And Support$174.7M$183.8M$186.9M

Regions

United States brought in 44% of the revenue Adtran broke down this way in fiscal 2025.

  1. United States$480.8M844%up 21% from 2024
  2. Other International$260.2M824%up 25% from 2024
  3. United Kingdom$213.1M820%up 9% from 2024
  4. Germany$129.7M812%up 8% from 2024
Regions by year
Regions202320242025
United States$461.0M$398.2M$480.8M
Other International$242.5M$208.5M$260.2M
United Kingdom$214.7M$196.1M$213.1M
Germany$230.9M$120.0M$129.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$668.9M
  • Research and development18¢$204.3M
  • Selling, general and admin20¢$226.3M
  • Interest2¢$19.3M
  • Income tax0¢$5.0M

Out of $1.1B in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending24¢$31.7M
  • Kept or used elsewhere76¢$98.0M

Out of $129.8M of cash from operations.8

Financial statements

Revenue91011128$1.1B in 2025+104% since 2019
0$500.0M$1.0B$1.5B2019: $530.1M$530.1M20192020: $506.5M$506.5M2020−4%2021: $563.0M$563.0M2021+11%2022: $1.0B$1.0B2022+82%2023: $1.1B$1.1B2023+12%2024: $922.7M$922.7M2024−20%2025: $1.1B$1.1B2025+17%
Gross profit91011128$415.0M in 2025+89% since 2019
0$200.0M$400.0M$600.0M2019: $219.2M$219.2M20192020: $217.6M$217.6M2020−1%2021: $218.4M$218.4M2021+0%2022: $327.3M$327.3M2022+50%2023: $331.1M$331.1M2023+1%2024: $324.2M$324.2M2024−2%2025: $415.0M$415.0M2025+28%
Operating income91011128-$15.6M in 2025−61% since 2019
-$600.0M-$400.0M-$200.0M02019: -$40.0M-$40.0M20192020: -$9.8M-$9.8M2020−76%2021: -$14.7M-$14.7M2021+50%2022: -$72.8M-$72.8M2022+395%2023: -$223.7M-$223.7M2023+207%2024: -$427.6M-$427.6M2024+91%2025: -$15.6M-$15.6M2025−96%
Net income91011128-$45.7M in 2025−14% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M2019: -$53.0M-$53.0M20192020: $2.4M$2.4M20202021: -$8.6M-$8.6M20212022: -$2.0M-$2.0M2022−76%2023: -$268.9M-$268.9M2023+13098%2024: -$459.9M-$459.9M2024+71%2025: -$45.7M-$45.7M2025−90%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Total Revenue$1.1B$922.7M$1.1B
Total Cost of Revenue$668.9M$598.6M$818.0M
Gross Profit$415.0M$324.2M$331.1M
Selling, general and administrative expenses$226.3M$232.9M$258.6M
Research and development expenses$204.3M$221.5M$258.3M
Goodwill impairment$0$297.4M$37.9M
Operating Loss-$15.6M-$427.6M-$223.7M
Interest and dividend income$2.3M$3.1M$2.3M
Interest expense-$19.3M-$22.1M-$16.3M
Net investment gain$3.0M$3.6M$2.8M
Other (expense) income, net-$1.6M$246.0K$1.3M
Loss Before Income Taxes-$31.2M-$442.7M-$233.6M
Income tax expense-$5.0M-$7.3M-$28.3M
Net Loss-$36.2M-$450.1M-$261.9M
Net Loss attributable to ADTRAN Holdings, Inc.-$45.7M-$459.9M-$268.9M
Weighted average shares outstanding basic79.7M shares78.9M shares78.4M shares
Weighted average shares outstanding diluted79.7M shares78.9M shares78.4M shares
Loss per common share attributable to ADTRAN Holdings, Inc. - basic-$0.52-$5.79-$3.43
Loss per common share attributable to ADTRAN Holdings, Inc. - diluted-$0.52-$5.79-$3.43
Net gain (loss) attributable to redeemable non-controlling interest$9.4M$9.8M$6.9M
Gain on redemption of redeemable non-controlling interest$4.1M$3.0M$0

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The story

Adtran was founded in 1985 by Mark C. Smith, Lonnie S. McMillian, and Larry Owen,

and began operations in 1986, following the AT&T divestiture of the Regional Bell Operating Companies (RBOCs). It supplied network equipment to both the RBOCs and independent telephone companies in the United States.

In 2006, Adtran acquired Luminous Networks, a manufacturer of access network equipment. In 2011, it acquired Bluesocket, a maker of enterprise Wi-Fi equipment based in Burlington, Massachusetts. In 2012, it acquired Nokia Siemens Networks' broadband access business based in Germany. In 2016, it acquired CommScope's active fiber business. In 2018, Adtran acquired connected home software provider SmartRG from Vancouver, WA.

In 2021, Adtran entered into a business combination with ADVA Optical Networking, a cloud and mobile services networking company based in Munich and Meiningen in Germany. In 2022, Adtran acquired the remaining shares of Cambridge Communication Systems (CCS) Limited, a developer of wireless backhaul and transport systems for small cells. It offers an mmWave Gigabit fiber extension system along with web-based management software for planning, configuring and monitoring networks. In 2024, Adtran self-certified itself "Buy America-compliant" with the U.S. Department of Commerce. This list acts as a reference for communications service providers applying for Broadband Equity Access and Deployment (BEAD) funding.

From Wikipedia’s article on Adtran, shared under CC BY-SA 4.0.6

Leadership

Who has led Adtran, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • networking hardware

Listed on Wikidata.1

Notable products

50G PON: Adtran's implementation of 50Gbit/s passive optical network (PON) technology includes its SDX 6400 Series of optical line terminals.

Quantum key distribution (QKD): In collaboration with Orange, Adtran demonstrated a 400Gbit/s data transmission system using QKD. The hybrid approach integrated quantum-safe encryption with classical cryptographic methods to secure data across a 184 km system.

Optical cesium atomic clocks: Adtran's Oscilloquartz division has introduced atomic clocks that leverage optical pumping technology. The improved accuracy and stability of these devices exceed the current ITU-T G.811.1 Enhanced Primary Reference Clock (ePRC) specification. The current highest-end clocks in this range can combine with core grandmaster devices to maintain 100 nanosecond precision for up to 100 days.

Mosaic One: Mosaic One is a cloud-based software-as-a-service platform that aggregates data from management systems, broadband access and in-home devices to support network operations and customer care.

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Locations

Adtran's corporate headquarters is located in Huntsville, Alabama, in Cummings Research Park. It has international offices located in:

Melbourne, Australia

Berlin and Greifswald, Germany

Hyderabad, India

Tel Aviv, Israel

Milan, Italy

Riyadh, Saudi Arabia

Bratislava, Slovakia

Tunis, Tunisia

Basingstoke, Hampshire, United Kingdom

Adastral Park, Ipswich, United Kingdom

Gdynia, Poland

Warsaw, Poland

Munich, Bavaria, Germany

York, North Yorkshire, United Kingdom

From Wikipedia’s article on Adtran, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. 2022Acquired ADVA Optical Networking SE1

Adtran's 2022 business combination with ADVA expanded its portfolio to include end-to-end data transport products, complementing its existing focus on access networking equipment. The merger also gave Adtran ownership of ADVA's subsidiary, Oscilloquartz, a manufacturer of timing and synchronization solutions based in Switzerland.

From Wikipedia’s article on Adtran, shared under CC BY-SA 4.0.6

Former names

  • ADTRAN INCMay 13, 1996 to Jul 11, 20225

Timeline

  1. Jul 15, 2022Went public Listed on Frankfurt Stock Exchange1
  2. Nov 1985Founded Founded1

Recent filings

  1. Aug 10, 20264
  2. Aug 10, 20268-K
  3. Aug 7, 20264
  4. Aug 4, 20268-K
  5. Aug 4, 202610-Q
  6. Jul 28, 20264
  7. Jul 23, 20268-K
  8. Jul 22, 20268-K
  9. Jul 17, 2026S-3ASR
  10. Jul 6, 20264
  11. Jul 1, 20263
  12. Jun 26, 20268-K
  13. Jun 26, 202611-K
  14. May 22, 20264
  15. May 20, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2