| Loss Per Share |
15. LOSS PER SHARE The calculation of basic and diluted loss per share for the three and six months ended June 30, 2026 and 2025 are as follows:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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(In thousands, except per share amounts) |
|
2026 |
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2025 |
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|
2026 |
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2025 |
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Numerator |
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Net loss attributable to ADTRAN Holdings, Inc. |
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$ |
(10,905 |
) |
|
$ |
(20,531 |
) |
|
$ |
(12,226 |
) |
|
$ |
(31,798 |
) |
Effect of redemption of RNCI |
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|
584 |
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|
1,494 |
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|
885 |
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|
1,491 |
|
Net loss attributable to ADTRAN Holdings, Inc. common stockholders |
|
$ |
(10,321 |
) |
|
$ |
(19,037 |
) |
|
$ |
(11,341 |
) |
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$ |
(30,307 |
) |
Denominator |
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Weighted average number of shares – basic |
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80,948 |
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|
79,748 |
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|
80,639 |
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|
|
79,642 |
|
Weighted average number of shares – diluted |
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|
80,948 |
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|
79,748 |
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80,639 |
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|
79,642 |
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Loss per share attributable to ADTRAN Holdings, Inc. – basic |
|
$ |
(0.13 |
) |
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$ |
(0.24 |
) |
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$ |
(0.14 |
) |
|
$ |
(0.38 |
) |
Loss per share attributable to ADTRAN Holdings, Inc. – diluted |
|
$ |
(0.13 |
) |
|
$ |
(0.24 |
) |
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$ |
(0.14 |
) |
|
$ |
(0.38 |
) |
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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:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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(In thousands) |
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2026 |
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2025 |
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|
2026 |
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|
2025 |
|
Convertible senior notes |
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|
4,577 |
|
|
|
— |
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|
|
1,846 |
|
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|
— |
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Stock options |
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|
87 |
|
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|
1,166 |
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|
149 |
|
|
|
914 |
|
PSUs, RSUs and restricted stock |
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1,540 |
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|
473 |
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|
1,215 |
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|
300 |
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