On this page of Benford's Law Stocks.com we present our study of ADTRAN Holdings, Inc. — ticker symbol ADTN. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 8/6/2021 to 5/5/2026 for ADTRAN Holdings, Inc. under CIK number 0000926282. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for ADTN, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for ADTRAN Holdings, Inc. based on the past ADTN filings our system processed in the past.
25.6
18.9
15.1
6.4
7.8
4.9
7.0
9.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, ADTN stockholder letter ]
Total numbers found: 715
Recent share count: 80,659,651 (8's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
715
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
60

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted point upon observing the 6's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 8, we canceled the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 8's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
ADTN
Low score compared to other filers, falling in the bottom quartile.
Check our work! We provide our ADTRAN Holdings, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ADTN filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 183 numbers that start with the digit 1. Here they are:
1,652
1,318
10,292
11,901
11,901
123,849
124,384
16,223
16,481
1,022
1,185,067
1,204,493
170,605
167,337
193,425
193,038
16,646
17,564
137,525
145,830
1,185,067
1,204,493
154,648
134,241
18,450
18,327
173,098
152,568
112,988
126
1,686
1,263
1,917
1,321
11,267
14
14
131
11,430
10,152
145,830
1,675
1,671
1,367
1,369
1,819
1,819
137,525
11,254
126,951
1,174
1,170
113
1
1,148
1,148
138,893
1,631
13
1,819
157
143
16,011
1,141
10,345
1,504
1,790
18
12,670
11,296
170
133
15,853
18,338
1,645
1,369
1,400
12
1,684
133
101,321
183
1,893
1,296
1,162
1.27
1.25
15,346,544
12
13
192.6
13,724
13,289
159.2
1.7
1.3
11.2
113.9
124.5
1.8
1,967
10.70
11.50
19.32
1,516
12.1
1,022
1,022
12,867
12,801
116,067
124,705
133,656
131,665
113,483
109,703
19,506
19,287
123,849
124,384
11.9
180,675
168,073
104
114
16.9
14.9
16,716
193,425
193,038
1,854
1,000
11.52
130
10
10
1,000
130
17.6
11.52
15.51
17.5
11
1.1
1.6
15
15
1,027
12,278
11,254
131
131
116
190
125
15
17
15
17
190
131
1,321
11,267
1,020
11,270
14
14
154,648
134,241
18,450
18,327
173,098
112,988
152,568
1.7
1.3
1
146,167
103,189
1.27
12
13
1.4
We found 135 numbers that start with the digit 2. Here they are:
215,473
210,687
209,003
215,736
2,971
281,280
294,047
23,449
25,000
25,000
26,776
27,453
26,227
27,143
24,940
27,000
200,000
257
262
237,941
202,217
286,086
247,744
2,847
2,251
2,319
2.2
2.4
20,247
20,378
2,251
2,319
2,251
2,251
217
2
2,319
2,319
20,378
20,378
2,062
2,062
24,916
21,596
244
25,167
2,559
2,367
2,425
2,696
2.2
2.4
2
201.3
26,374
23,576
237,941
286,086
202,217
247,744
215,473
210,687
26,227
27,143
26.1
23.1
21.9
246
246
245
245
2
209,003
215,736
241,550
235,201
26,231
29,309
25,306
250,533
261,256
281,280
290,665
294,047
281,280
25,000
25,000
25,000
25,000
25.0
25.0
201,250
201,250
273.9
217.5
2,241
201.3
20
20
2,291
20
298
20,247
20,295
20,247
20,378
20
20
20
20,247
20,247
20,437
20,378
28.8
29.2
2,251
2,251
2.2
2,440
202
237,941
202,217
29,695
27,200
286,086
247,744
27,188
286,086
247,744
2.2
2.4
2
22.2
22.4
223.7
We found 108 numbers that start with the digit 3. Here they are:
3,667
33,813
35,174
31,736
33,690
32,203
37,051
37,447
3,642
359,206
361,860
369,017
373,328
3,968
300
397
3
3
36
398
301
301
38
373
3
3
31,632
374
320
386
3,210
3,339
3,312
366
352
324
301
3
304.4
351.7
319.2
3.25
3.5
3.6
3.75
3.9
3.7
31.8
3
3.2
33,813
33,813
34,996
34,996
35,174
35,174
36,441
36,441
3,061
3,073
365,399
359,585
335.3
30,938
31,078
30,372
31,598
30,651
303,083
350.0
350.0
319.2
350.0
387
3.75
3.75
30
30
3,148
366
372
3,523
389
366
382
3,083
385
382
3,017
385
382
385
382
32,525
385
31,632
35
30
30
373,328
369,017
373,328
301
3
33,925
304.4
351.7
3.6
4's 5's 6's
We found 46 numbers that start with the digit 4. Here they are:
48,145
45,527
48,859
4,241
4,761
4
4
4,671
4,222
43,181
420
4,867
4,451
4,129
4.0
4.1
48,145
45,527
432
40.0
4.2
487
43,319
43,271
431,208
429,329
456
446
47,215
44,627
4.7
4,358
486
48
48
42
48
48
422,943
4,311
49,615
446
48,145
45,527
43,805
4.1
We found 56 numbers that start with the digit 5. Here they are:
55,317
59,003
59,983
5,613
5,015
5,108
55,836
50,285
50,777
5,108
57
5,015
5,198
52
5,108
5,558
574
5.0
5.00
50.0
54,622
533
51.8
5
52.7
5.5
59
52,374
52,586
52,918
59,983
59,003
55,540
56,244
5,900
5,272
5,900
5,108
560
560
584,363
584,712
52,238
55,854
50.0
50.0
5.8
50.0
521
588
5
5
59
59
54,458
5.0
We found 35 numbers that start with the digit 6. Here they are:
62,492
634,215
635,224
69,560
6,305
6,277
678,525
685,335
6,375
66
688,813
60
6,192
690
660
67.3
6.9
60,077
60,077
61,081
61,081
628
64,630
6,305
6,277
66
66
67,026
65
65
65
66
67,976
62,909
62,189
7's 8's 9's
We found 50 numbers that start with the digit 7. Here they are:
7,046
73,352
79,926
70,046
78,877
731,345
730,010
79,534
79,534
7,901
730,010
78,877
7
7
731,345
70,046
79,483
795
755
756
79,969
700,502
7,505
7,399
736
75
756
76,021
7.8
70.0
71,748
70,952
78,198
76,796
75,847
78,230
7,065
792
706
7,825
70.0
713
75,791
78,877
70,046
79,534
79,534
794
711
7.8
We found 66 numbers that start with the digit 8. Here they are:
80,998,100
88,270
87,541
80,803
80,546
80,188
808
802
803,031
801,269
850
8,948
80,321
80,321
8,948
8,765
8,831
80,188
802
801,269
8,831
8,831
80,803
808
803,031
808,913
8,948
8,948
800
812,071
8,948
822
896
8,435
8
88,270
814
8,047
8,662
80,410
89,136
87,541
8.88
80,069
8.1
8.4
8.92
8,212
86.8206
848
8,765
8,750
81
8,765
8,831
83
896
81
83
8,765
8,765
8,861
8,831
80,321
80,321
83,293
We found 36 numbers that start with the digit 9. Here they are:
95,696
937
90,752
95,176
944
9,345
930
930
9,111
930
930
93
90
930
9,197
95,696
9.0
90,193
98,240
97,326
90,520
90,752
95
9.99
937
937
980
947
98
96
96
9,413
9,413
9.3
95,176
9.0
While the above ADTN 10Q Filed 5/5/2026 is interesting in isolation, we have found that it is also useful to take a look at older ADTRAN Holdings, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/5/2026 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical ADTN 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

25.6
18.9
15.1
6.4
7.8
4.9
7.0
9.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL?   [ original filing ]
Total numbers found: 715

= Typical ADTN range from 8/6/2021 to 5/5/2026
25.7
18.1
15.5
10.2
8.5
7.8
7.0
4.0
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,500

= Typical ADTN range from 8/6/2021 to 5/5/2026
26.8
19.7
14.5
11.0
6.8
6.4
7.3
4.8
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,678

= Typical ADTN range from 8/6/2021 to 5/5/2026
28.7
18.1
15.4
8.5
9.3
5.9
5.2
5.4
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,848

= Typical ADTN range from 8/6/2021 to 5/5/2026
27.8
17.1
14.0
9.8
9.1
5.8
6.7
6.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 971

= Typical ADTN range from 8/6/2021 to 5/5/2026
30.9
16.5
14.6
10.5
8.7
5.2
5.1
4.7
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,105

= Typical ADTN range from 8/6/2021 to 5/5/2026
30.0
16.6
12.1
12.0
8.5
6.4
6.8
3.5
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,161

= Typical ADTN range from 8/6/2021 to 5/5/2026
27.0
16.9
16.1
10.1
8.5
5.2
6.1
5.0
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 1,570

= Typical ADTN range from 8/6/2021 to 5/5/2026
28.1
18.0
16.4
9.1
8.9
5.2
6.7
5.2
2.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,063

= Typical ADTN range from 8/6/2021 to 5/5/2026
25.5
17.7
14.1
10.1
9.8
7.2
8.2
4.5
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL?   [ original filing ]
Total numbers found: 1,194

= Typical ADTN range from 8/6/2021 to 5/5/2026
25.1
20.7
13.6
9.0
7.6
6.7
7.4
5.6
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,412

= Typical ADTN range from 8/6/2021 to 5/5/2026
29.0
16.4
13.6
10.7
10.1
7.0
5.0
4.8
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,750

= Typical ADTN range from 8/6/2021 to 5/5/2026
34.0
12.3
12.6
10.4
10.0
6.2
5.0
3.9
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL?   [ original filing ]
Total numbers found: 762

= Typical ADTN range from 8/6/2021 to 5/5/2026
30.4
17.0
11.5
10.1
9.4
6.6
6.5
4.3
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,097

= Typical ADTN range from 8/6/2021 to 5/5/2026
25.3
17.7
13.8
10.8
8.9
6.2
8.9
5.1
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,569

= Typical ADTN range from 8/6/2021 to 5/5/2026
26.3
18.6
15.7
9.2
9.0
5.8
5.9
4.9
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,670

= Typical ADTN range from 8/6/2021 to 5/5/2026
27.0
17.1
16.6
9.7
9.9
5.4
7.3
5.1
1.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 855

= Typical ADTN range from 8/6/2021 to 5/5/2026
26.2
17.5
14.0
9.8
8.5
8.3
5.6
6.6
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 1,351

= Typical ADTN range from 8/6/2021 to 5/5/2026
27.3
18.6
13.7
11.3
7.9
6.7
5.7
4.5
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,360

= Typical ADTN range from 8/6/2021 to 5/5/2026
30.4
15.0
12.1
11.4
11.0
6.7
6.1
3.4
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,618

= Typical ADTN range from 8/6/2021 to 5/5/2026
 

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