Three Months Ended

Nine Months Ended

September 30,

(In thousands, except per share amounts)

2024

2023

2024

2023

Numerator

Net loss attributable to ADTRAN Holdings, Inc.

$

(31,239

)

$

(78,210

)

$

(404,955

)

$

(156,697

)

Effect of redemption of RNCI

2,976

—

2,976

—

Net loss attributable to ADTRAN Holdings, Inc. common shareholders

$

(28,263

)

$

(78,210

)

$

(401,979

)

$

(156,697

)

Denominator

Weighted average number of shares – basic

78,952

78,389

78,873

78,378

Effect of dilutive securities

Stock options

—

—

—

—

PSUs, RSUs and restricted stock

—

—

—

—

Weighted average number of shares – diluted

78,952

78,389

78,873

78,378

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

$

(0.36

)

$

(1.00

)

$

(5.10

)

$

(2.00

)

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

$

(0.36

)

$

(1.00

)

$

(5.10

)

$

(2.00

)