Adtran Holdings, Inc. balance sheet

At the end of fiscal 2025, Adtran Holdings, Inc. had total assets of $1.20bn, total liabilities of $685m and shareholders' equity of $146m. It held $95.7m in cash against $193m of debt: net debt of $97.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Adtran Holdings, Inc.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	24	32	43	68	58	73	85	80	86	106	74	60	57	109	87	76	96	79
Receivables	68	71	76	80	86	89	72	92	144	99	91	99	159	279	210	178	211	206
Inventory	46	74	88	101	90	86	92	105	123	100	98	125	140	428	360	262	216	209
Total current assets	326	355	391	443	380	351	312	353	413	355	320	317	376	882	719	599	635	618
Goodwill	—	0	3	3	3	3	3	3	3	7	7	7	7	386	358	53	60	58
Total assets	564	692	818	884	790	739	633	667	669	628	545	526	569	1,943	1,677	1,171	1,204	1,150
Accounts payable	26	23	29	42	48	56	49	77	61	60	45	50	102	238	163	172	167	169
Deferred revenue (current)	7	10	10	35	22	23	17	16	13	18	12	14	18	41	43	53	88	79
Total current liabilities	48	50	62	105	102	119	93	127	107	118	113	94	155	429	274	293	362	345
Short-term debt	—	—	—	1	0	1	1	1	1	1	25	—	—	—	—	—	—	—
Long-term debt	48	48	47	46	46	29	28	27	26	25	25	—	—	—	—	—	193	194
Total debt	48	48	47	47	47	30	29	28	27	26	25	1	—	96	195	190	193	194
Total liabilities	112	120	125	191	185	190	153	188	171	182	165	153	212	640	629	622	685	661
Shareholders' equity	453	572	692	692	605	549	480	480	498	446	380	373	357	1,304	605	127	146	129
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	443	423	373	359
Net debt (negative = net cash)	24	16	4	−22	−12	−43	−56	−52	−60	−80	−49	−60	−57	−13	108	114	97	115
Shares outstanding	—	63m	64m	62m	57m	53m	50m	48m	48m	48m	48m	48m	49m	78m	79m	79m	80m	81m

US$ millions unless shown otherwise. Fiscal quarters.

Adtran Holdings, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	172	178	167	165	179	211	215	206
Inventory	276	262	254	240	224	216	209	209
Total current assets	630	599	612	607	603	635	634	618
Goodwill	57	53	55	60	60	60	59	58
Total assets	1,267	1,171	1,193	1,216	1,209	1,204	1,185	1,150
Accounts payable	173	172	172	178	189	167	171	169
Deferred revenue (current)	55	53	66	63	58	88	91	79
Total current liabilities	310	293	303	310	308	362	359	345
Long-term debt	—	—	—	—	193	193	193	194
Total debt	—	—	—	—	193	193	193	194
Total liabilities	639	622	631	645	665	685	679	661
Shareholders' equity	206	127	139	170	142	146	138	129
Non-controlling interests and other (assets − liabilities − equity)	423	423	423	402	402	373	369	359
Shares outstanding	79m	79m	80m	80m	80m	80m	81m	81m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: ADTN vs CALX ADTN vs EXTR ADTN vs NTCT

More: Communications Equipment stocks compared, Technology sector, rankings of US companies

Figures from Adtran Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Adtran Holdings, Inc.