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Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted 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

)

 

 

 

 

 

 

 

 

 

Schedule of Antidilutive Securities Excluded from Earnings Per Share Computation

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