Filing Flows › ADT (ADT) › Q2 2025
ADT (ADT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
ADT (ADT) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +7% from a year earlier and +2% from the quarter before. Operating margin was 26.6%, net earnings $165M (12.8% of revenue).
ADT, Q2 2025: revenue $1.3B (+7% year over year), operating margin 26.6%, net earnings $165M, operating cash flow $564M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +2% | +7% |
| Operating profit | $342M | +7% | +20% |
| Net earnings | $165M | +18% | +79% |
| Operating cash flow | $564M | +21% | +0.1% |
| Free cash flow | $198M | — | — |
What changed
Revenue was $1.3B in Q2 2025, up 7% year over year and up 2% from the previous quarter. Recurring monthly revenue was the largest line at 82% of revenue. Installation revenue added $0.06B year over year (up 113%), 69% of the total change.
Operating profit was $0.34B, a 26.6% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 70% reached operating profit, above the 24% margin then. Total costs grew 3% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.17B, up 79% year over year. The effective tax rate was 26.2%.
Operating cash flow was $0.56B (roughly flat year over year), 341% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. After dealer generated customer accounts and bulk account purchases ($0.22B) and subscriber system asset expenditures ($0.10B) and purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.20B.
Questions
What was ADT's revenue in the second quarter 2025?
ADT (ADT) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +7% from a year earlier and +2% from the quarter before.
Was ADT profitable in the second quarter 2025?
Operating profit was $342M (26.6% of revenue) and net earnings $165M.
Source: ADT 10-Q on SEC EDGAR.