For the quarter ending 2026-03-31, ADTN had -$4,867K decrease in cash & cash equivalents over the period. $5,165K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 930 | -1,280 | -7,757 | -27,206 |
| Depreciation and amortization | 24,916 | 24,230 | 23,326 | 44,990 |
| Amortization of debt issuance cost | 374 | 376 | 975 | - |
| Amortization of convertible notes issuance costs | 386 | 396 | 45 | - |
| Goodwill impairment | - | - | - | 0 |
| Loss on investments, net | -822 | 912 | 2,322 | 1,506 |
| Net loss on disposal of property, plant and equipment | -60 | -190 | -14 | -24 |
| Stock-based compensation expense | 1,819 | 1,324 | 2,850 | 5,888 |
| Deferred income taxes | -244 | -4,562 | -474 | 1,189 |
| Inventory reserves | 143 | -11,295 | -422 | 9,176 |
| Accounts receivable, net | 6,192 | 30,596 | 13,459 | -25,754 |
| Other receivables | 3,312 | -3,998 | -353 | -1,416 |
| Income taxes receivable, net | -896 | -2,786 | -1,597 | 2,349 |
| Amortization of debt issuance cost | - | - | - | 639 |
| Inventory | -4,671 | -19,068 | -15,832 | -29,594 |
| Prepaid expenses, other current assets and other assets | 5,558 | -12,061 | -1,067 | -6,095 |
| Accounts payable | 366 | 17,397 | 6,827 | -6,242 |
| Accrued expenses and other liabilities | -9,197 | 8,622 | -15,284 | -11,305 |
| Income taxes payable | 1,790 | 435 | -341 | -816 |
| Net cash provided by operating activities | 12,670 | 42,238 | 12,188 | 75,341 |
| Purchases of property, plant and equipment | 7,505 | 11,671 | 7,982 | 12,084 |
| Purchases of intangibles - developed technology | 8,435 | 8,037 | 9,047 | 20,444 |
| Proceeds from sales and maturities of available-for-sale investments | 736 | 59 | 233 | 727 |
| Purchases of available-for-sale investments | 75 | 65 | 75 | 243 |
| Payments for beneficial interest in securitized accounts receivable | - | - | -183 | -49 |
| (payments for) proceeds from beneficial interests in securitized accounts receivable | - | -539 | - | - |
| Payments for beneficial interest in securitized accounts receivable | 574 | - | - | - |
| Net cash used in investing activities | -15,853 | -20,021 | -17,054 | -32,093 |
| Proceeds from draw on revolving credit agreement | - | 25,000 | 0 | 24,000 |
| Payment for annual recurring compensation to non-controlling interest | - | - | 10,053 | - |
| Proceeds from issuance of senior convertible notes | - | 201,250 | - | - |
| Repayment of revolving credit agreement | - | 25,000 | 165,000 | 24,000 |
| Tax withholdings related to stock-based compensation settlements | 1,645 | 165 | 90 | 1,223 |
| Payments for capped call transactions related to convertible senior notes | - | 0 | 17,650 | - |
| Payment of annual recurring compensation to non-controlling interest | - | 10,053 | - | - |
| Proceeds from stock option exercises | 1,369 | 395 | 271 | 1,163 |
| Payment of debt issuance cost | - | 1,653 | 7,286 | 64 |
| Proceeds from issuance of convertible notes | - | - | 201,250 | - |
| Payments on financing agreement | -1,400 | - | - | - |
| Redemption of redeemable non-controlling interest | 8 | 27,211 | 1 | 19,363 |
| Net cash (used in) provided by financing activities | -1,684 | -28,634 | 1,441 | -19,487 |
| Net (decrease) increase in cash and cash equivalents | -4,867 | -6,417 | -3,425 | 23,761 |
| Effect of exchange rate changes | -2,559 | 884 | 4,872 | - |
| Cash and cash equivalents, beginning of period | 95,696 | 101,229 | 76,021 | - |
| Cash and cash equivalents, end of period | 88,270 | 95,696 | 101,229 | - |
ADTRAN Holdings, Inc. (ADTN)
ADTRAN Holdings, Inc. (ADTN)