Filing Flows › Adtran Holdings (ADTN) › Q2 2025
Adtran Holdings (ADTN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Adtran Holdings (ADTN) reported revenue of $265M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +7% from the quarter before. Operating margin was -5.0%, net loss $18.3M (6.9% of revenue).
Adtran Holdings, Q2 2025: revenue $265M (+17% year over year), operating margin -5.0%, net loss $18.3M, operating cash flow $32.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $265M | +7% | +17% |
| Operating profit | −$13.3M | — | — |
| Net earnings | −$18.3M | — | — |
| Operating cash flow | $32.2M | -26% | +62% |
| Free cash flow | $18.3M | — | +371% |
What changed
Revenue was $265.1M in Q2 2025, up 17% year over year and up 7% from the previous quarter.
Gross margin was 37.3%, up 1.4 points from a year earlier. Operating costs exceeded revenue by $13.3M, an operating margin of -5.0%. Operating expenses fell 6% while revenue rose 17%. The quarter ended with a net loss of $18.3M, wider than the previous quarter's $8.9M loss.
Operating cash flow was $32.2M (up 62% year over year). Non-cash charges added back $23.4M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $24.3M. After purchases of property, plant and equipment and developed technologies ($13.8M), free cash flow as the company reports it was $18.3M.
Questions
What was Adtran Holdings' revenue in the second quarter 2025?
Adtran Holdings (ADTN) reported revenue of $265M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +7% from the quarter before.
Was Adtran Holdings profitable in the second quarter 2025?
Operating loss was $13.3M (-5.0% of revenue) and net loss $18.3M.
Source: Adtran Holdings 10-Q on SEC EDGAR.