(In thousands, except for per share amounts)

2024

2023

2022

Numerator

Net loss attributable to ADTRAN Holdings, Inc.

$

(450,872

)

$

(266,289

)

$

(2,037

)

Effect of redemption of RNCI

2,981

—

—

Net loss attributable to ADTRAN Holdings, Inc. common stockholders

$

(447,891

)

$

(266,289

)

$

(2,037

)

Denominator

Weighted average number of shares – basic

78,928

78,416

62,346

Effect of dilutive securities:

Stock options

—

—

—

PSUs, RSUs and restricted stock

—

—

—

Weighted average number of shares – diluted

78,928

78,416

62,346

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

$

(5.67

)

$

(3.39

)

$

(0.03

)

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

$

(5.67

)

$

(3.39

)

$

(0.03

)