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Loss Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Loss Per Share

15. LOSS PER SHARE

The calculation of basic and diluted loss per share for the quarters ended March 31, 2026 and 2025 are as follows:

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(In thousands, except per share amounts)

 

2026

 

 

2025

 

 

Numerator

 

 

 

 

 

 

 

Net loss attributable to ADTRAN Holdings, Inc.

 

$

(1,321

)

 

$

(11,267

)

 

Effect of redemption of RNCI

 

 

301

 

 

 

(3

)

 

Net loss attributable to ADTRAN Holdings, Inc. common stockholders

 

$

(1,020

)

 

$

(11,270

)

 

Denominator

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

80,321

 

 

 

79,534

 

 

Weighted average number of shares – diluted

 

 

80,321

 

 

 

79,534

 

 

Loss per share attributable to ADTRAN Holdings, Inc. – basic

 

$

(0.01

)

 

$

(0.14

)

 

Loss per share attributable to ADTRAN Holdings, Inc. – diluted

 

$

(0.01

)

 

$

(0.14

)

 

 

 

 

 

 

 

 

 

The following potentially dilutive shares were excluded from the calculation of the diluted weighted average number of shares outstanding as the effect would have been anti-dilutive:

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(In thousands)

 

2026

 

 

2025

 

 

Convertible senior notes

 

 

2,440

 

 

 

 

 

Stock options

 

 

794

 

 

 

711

 

 

PSUs, RSUs and restricted stock

 

 

446

 

 

 

202