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ADT

ADT Inc.

ADT

ADT Inc. • NYSE
$8.25 ▲ 1.10% (+0.09)
Market Cap $6.31 B
52w High $8.94
52w Low $6.71
Dividend Yield 0.22%
P/E 11.3
Volume 3.96M
Outstanding Shares 765.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.298B ▲ $320.313M ▲ $145.132M ▼ 11.182% ▼ $0.177 ▼ $709.793M ▼
Q2-2025 $1.287B ▲ $293.989M ▼ $165.179M ▲ 12.834% ▲ $0.2 ▲ $729.05M ▲
Q1-2025 $1.267B ▲ $308.242M ▼ $140.246M ▼ 11.065% ▼ $0.16 ▼ $695.04M ▼
Q4-2024 $1.26B ▲ $311.807M ▲ $190M ▲ 15.079% ▲ $0.21 ▲ $729.322M ▲
Q3-2024 $1.244B $302.401M $127.151M 10.222% $0.14 $679.366M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63M ▼ $15.981B ▲ $12.322B ▲ $3.659B ▼
Q2-2025 $152.442M ▲ $15.972B ▲ $12.313B ▲ $3.659B ▲
Q1-2025 $3.744M ▼ $15.83B ▼ $12.213B ▼ $3.617B ▼
Q4-2024 $96.212M ▲ $16.051B ▼ $12.25B ▲ $3.801B ▼
Q3-2024 $95.338M $16.085B $12.187B $3.897B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $145M ▼ $480M ▼ $-298.426M ▲ $-163.042M ▼ $18.558M ▼ $437M ▼
Q2-2025 $168M ▲ $564M ▲ $-364.741M ▼ $-138.754M ▲ $61.256M ▲ $526M ▲
Q1-2025 $140.246M ▼ $466.626M ▲ $-258.259M ▲ $-321.246M ▼ $-112.879M ▼ $421.206M ▲
Q4-2024 $189.957M ▲ $459.676M ▼ $-261.064M ▲ $-199.296M ▼ $-684K ▼ $309.36M ▼
Q3-2024 $127.151M $498.218M $-401.671M $-40.715M $55.832M $332.986M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Monitoring And Related Services
Monitoring And Related Services
 $1.20Bn ▲$1.08Bn ▼$1.09Bn ▲$1.10Bn ▲
Security Installation Product And Other
Security Installation Product And Other
 $180.00M ▲$180.00M ▲$200.00M ▲$200.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ADT’s revenue has grown steadily over the past several years, and the company has turned a corner from losses to consistent profitability. Margins have gradually improved as operating costs have been brought under better control, and earnings per share have moved from negative to clearly positive territory. Overall, the income statement shows a mature, subscription-based business that is getting more efficient, but profits are still not extravagant relative to the size of its revenue base, so continued cost discipline and customer retention remain important.

Balance Sheet

Balance Sheet The balance sheet shows a business with sizable assets and a meaningful equity base, but also a heavy reliance on debt. Total debt has been trending down, and equity has inched higher, which is a positive sign of gradual strengthening. However, cash held on the balance sheet is very low, which means the company depends heavily on ongoing cash generation and access to financing. In simple terms, ADT is still quite leveraged, but it is slowly moving in the right direction.

Cash Flow

Cash Flow ADT’s cash flow profile is a key strength. The company generates solid and relatively stable cash from its day‑to‑day operations, reflecting the recurring nature of its monitoring and service contracts. Free cash flow has improved meaningfully in recent years, helped by lower capital spending needs. This means the cash picture looks healthier than the accounting profits alone might suggest. The main caveat is that with little cash on hand and substantial debt, the company has limited room for major missteps or sharp downturns in demand.

Competitive Edge

Competitive Edge ADT operates from a position of long-standing brand trust in security, backed by a very large network of installers and 24/7 professional monitoring. Its subscription model and installed customer base provide a recurring revenue engine that newer competitors lack. At the same time, the competitive landscape has changed: lower-cost, do‑it‑yourself systems from technology players are pressuring pricing and customer expectations. ADT’s edge lies in “do‑it‑for‑me” service, bundled smart home solutions, and its reputation, but it must keep modernizing and remain price‑competitive to avoid losing ground to nimble, tech‑first rivals.

Innovation and R&D

Innovation and R&D ADT is actively trying to reinvent itself from a traditional alarm company into a broader smart home and smart security platform provider. The ADT+ platform, tightly integrated with Google’s Nest devices, is central to this shift, offering a single app for security, access, and home automation. The partnership with Google brings artificial intelligence capabilities and ongoing product co‑development, which can enhance features like smarter alerts and automation. ADT is also experimenting with advanced technologies for commercial clients, such as robotics and autonomous drones, while refining its service models to be more flexible and customer‑friendly. Overall, the company appears to be leaning into innovation more than in the past, using partnerships to amplify its internal R&D.

Summary

ADT today looks like a mature, subscription-driven security business that has successfully moved from loss‑making to steadily profitable, with improving margins and strong underlying cash generation. The main financial trade‑off is a still‑high debt load and thin cash buffer, partly offset by the predictability of recurring revenue. Competitively, ADT benefits from a trusted brand, professional monitoring, and an extensive service network, but faces structural pressure from cheaper, DIY and tech‑centric alternatives. Its response—building the ADT+ smart home platform, deepening the Google alliance, and exploring advanced security technologies—suggests a clear strategic direction toward an integrated, premium smart security offering. The long‑term story hinges on whether ADT can continue to reduce leverage, keep customers loyal in a more crowded market, and successfully execute on its innovation roadmap without overextending financially.

NEWS

November 4, 2025 · 6:55 AM UTC

ADT Reports Third Quarter 2025 Results

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October 21, 2025 · 2:00 PM UTC

ADT to Release Third Quarter 2025 Results on Tuesday, Nov. 4

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September 30, 2025 · 5:07 PM UTC

ADT Announces Pricing of First-Priority Senior Secured Notes

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September 30, 2025 · 8:44 AM UTC

ADT Announces $1.0 Billion Notes Offering

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September 1, 2025 · 4:00 AM UTC

Katrin Adt appointed DACIA brand CEO

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