ADT reports Q4 and full year 2025, announces new $1.5 billion share repurchase authorization

BOCA RATON, Fla. — ADT, a provider of security, interactive, and smart home solutions serving residential and small business customers in the U.S., has reported results for the fourth quarter and full year of 2025.

Financial highlights for the fourth quarter and full year are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar businesses are presented as discontinued operations, except for cash flow measures.

Full Year 2025

• Total revenue increased 5% to $5.1 billion
• Solid core operating metrics with end-of-period recurring monthly revenue (RMR) of $359 million, gross revenue attrition of 13.1%, and revenue payback at 2.3 years
• GAAP income from continuing operations of $601 million, or $0.68 per diluted share, down $19 million
• Adjusted income from continuing operations of $750 million, or $0.89 per diluted share, up $65 million
• Net cash provided by operating activities of $1.9 billion, flat; Adjusted Free Cash Flow (including interest rate swaps) of $863 million, up 16%

Fourth Quarter 2025

• GAAP income from continuing operations of $146 million, or $0.17 per diluted share, down $51 million
• Adjusted income from continuing operations of $186 million, or $0.23 per diluted share, up $10 million
• Net cash provided by operating activities of $374 million, down $86 million; Adjusted Free Cash Flow (including interest rate swaps) of $154 million, down $70 million

“ADT again delivered solid financial performance in 2025, generating robust cash flow and further strengthening our financial foundation. As we enter 2026, we are positioning ADT to lead the next era of smart home intelligence with our ADT+ platform and new ambient sensing capabilities,” said ADT Chairman, President and CEO, Jim DeVries. “I am confident in the long-term trajectory of our business, reflected in our multi-year financial framework balancing growth in revenue, earnings, and cash flow. Our disciplined capital allocation enabled us to return significant capital to shareholders in 2025, and our new $1.5 billion repurchase authorization underscores our continued commitment to direct shareholder capital returns while we invest in the business.”