Filing Flows › Adtran Holdings (ADTN) › Q3 2025
Adtran Holdings (ADTN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Adtran Holdings (ADTN) reported revenue of $279M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +5% from the quarter before. Operating margin was -1.0%, net loss $7.8M (2.8% of revenue).
Adtran Holdings, Q3 2025: revenue $279M (+23% year over year), operating margin -1.0%, net loss $7.8M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $279M | +5% | +23% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$7.8M | — | — |
| Operating cash flow | $12.2M | -62% | -72% |
| Free cash flow | $4.2M | -85% | -89% |
What changed
Revenue was $279.4M in Q3 2025, up 23% year over year and up 5% from the previous quarter.
Gross margin was 38.3%, up 1.9 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -1.0%. Operating expenses grew 1% against revenue growth of 23%. The quarter ended with a net loss of $7.8M, narrower than the previous quarter's $18.3M loss.
Operating cash flow was $12.2M (down 72% year over year). Non-cash charges added back $23.3M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $6.2M. Capital expenditures of $8.0M left free cash flow of $4.2M.
Questions
What was Adtran Holdings' revenue in the third quarter 2025?
Adtran Holdings (ADTN) reported revenue of $279M for the third quarter 2025 (Q3 2025), +23% from a year earlier and +5% from the quarter before.
Was Adtran Holdings profitable in the third quarter 2025?
Operating loss was $2.8M (-1.0% of revenue) and net loss $7.8M.
Source: Adtran Holdings 10-Q on SEC EDGAR.