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 8/7/2020 to 5/20/2025 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.
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
XBRL?   [ original filing, ADTN stockholder letter ]
Total numbers found: 1,063
Recent share count: 79,962,032 (7's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
1063
High count compared to other filers, with ADTN falling in the highest quartile of filers. At this number count, it would take about 11 numbers to move any given column by a full percentage point.
93

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 3's percentage was above the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 7, we canceled the penalty multiplier.
 • We deducted point upon observing the 9's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was below the company's typical historical range.
Benford's Law Stocks Indicator
ADTN
High score compared to other filers, with ADTN falling in the highest quartile of filers.
VFC
XPRO
AIRT
ALTR
XPER
ABUS
AIHS
AKTX
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 299 numbers that start with the digit 1. Here they are:
101,321
1,212
1,300
166,519
178,030
11,901
11,901
109,609
106,454
17,826
17,826
1,193,239
1,171,419
171,912
171,825
1,936
190,085
189,576
16,531
17,928
11,254
138,893
126,951
1,193,239
1,171,419
181,273
134,241
128,266
18,327
18,810
152,568
155,858
126
1,686
1,310
18,647
11,267
14
14
131
17,773
17,833
11,430
11,254
126,951
1,174
1,170
113
1
1,148
1,148
138,893
17,833
17,833
110
1
1
1
1,013
1,631
13
150
157
19,738
1,837
16,011
1,141
10,345
1,504
19,290
10,953
18
1,155
13,510
11,296
1,191
133
170
18,338
13,872
176
12
1,994
19,891
133
101,321
106,757
1,893
1,162
1,689
15,346,544
180.7
1.25
12
13
13,289
13,535
181,273
166,519
178,030
1.2
1.3
11.2
19.7
102.8
115.7
13.22
1,276
10.36
11.40
17
14.80
11.60
11.0
113
13
15.33
1,339
1,068
1,068
103,450
106,384
11,746
138,443
145,449
188,982
184,694
119,041
113,241
109,609
106,454
11.9
18,778
1,581
116,133
1,284
1,448
143
153
1,502
1,989
14.9
14.6
190,085
189,576
190,085
189,576
190.1
141.0
190.1
180.7
100.0
1.25
11
1.1
1.2
1,027
12,278
11,254
131
131
119
17,773
17,892
119
17,773
17,833
190
125
161
15
17
161
119
17
161
119
190
131
17,773
17,773
17,860
17,833
11,267
11,270
14
14
1.1
134,241
181,273
137,048
18,327
18,810
152,568
155,858
1.3
1.6
19
103,189
17.21
12
13
15.2
15.7
17.1
10,336
10,336
148
11,248
1,801
17,110
15,060
17,110
106,757
106,757
187,554
191,052
12,116
12,116
126,969
131,009
1,327,906
1,326,941
159,083
159,083
1,403
118
1,836
195,000
195,000
15,414
15,834
11,692
11,692
1,686
1,327,906
1,326,941
181,273
181,273
126,326
1,940
128,266
18,810
18,810
153,918
1,940
155,858
1,940
109
1,310
1,310
18,647
18,647
17,745
17,773
17,805
17,833
12,202
17,805
17,833
1
1
10,115
10,115
10
138
1,013
1,013
150
150
19,738
19,738
1,837
1,837
1,296
1,940
15,882
19,290
10,953
1,155
1,155
1,327
12,183
1,327
13,510
1,191
12,545
1,327
13,872
176
176
1,994
1,994
19,891
19,891
106,757
106,757
1,689
1,689
We found 191 numbers that start with the digit 2. Here they are:
253,639
261,557
293,064
284,893
29,973
25,910
293,473
24,082
22,065
26,369
25,925
200,000
262
266
202,217
247,744
226,173
297,353
2,253
2,319
2,530
2.4
2.5
20,247
20,378
2,319
2,531
2,319
2,319
20,378
20,378
2,062
2,062
231,706
2,531
2,531
262
243
242
219
219
29,697
260,849
21,596
22,390
297,353
2,621
22,504
219
25,167
2,367
2,696
2,384
2.27
2.4
2.5
25.8
23,576
21,966
202,217
247,744
226,173
274.3
24,082
22,065
21.9
2,335
20.9
2,944
23
2,795
2,052
2.1
29,003
29,003
253,639
261,557
21,021
20,994
2,989
2,343
297.4
20,509
256,815
247,335
29,094
27,592
27,851
25,862
224,529
293,064
201,345
284,893
293,064
25.8
2.00
285
2
298
267
2.1
20,247
20,295
20,247
20,378
2,506
2,566
29,697
27
20,247
20,247
20,437
20,378
27
20,384
2,319
2,319
2.4
2
202,217
27,200
26,090
247,744
226,173
27,188
247,744
226,173
2.27
2.4
2.5
203.9
2,318
2,050
25,421
29,436
29,252
29,252
25,869
25,987
282,746
284,582
22,884
23,261
29,709
29,709
27,668
27,668
2,283
200,000
29,656
29,697
265
265,783
260,849
226,173
226,173
292,583
297,353
2,253
2,253
2,880
2,530
28
28
2,880
2,531
243,908
231,706
2,880
2,531
28
243
243
219
219
29,656
29,697
22,528
22,390
292,583
297,353
2,621
2,621
26,002
22,504
219
219
2,384
2,384
24.0
25.0
We found 174 numbers that start with the digit 3. Here they are:
32,060
38,161
34,158
32,853
303,441
30,735
30,372
31,283
33,203
31,632
3,968
346,244
397
346,882
397
328,235
330,765
3
328,235
346,068
348,599
38
373
3
3
31,632
328,235
328,235
368
3
36
3,957
3,957
328,235
320
3,210
3,954
3,992
3,339
3,439
32,366
352
37,925
30,231
32,437
324
301
3
338.5
366.1
3.25
3.5
325.7
3.7
3
3
3.9
3.2
3,103
3,762
34
35,512
35,512
30,991
30,991
37,597
37,597
39,979
3,016
315,275
306,314
335.3
32,340
32,387
372,948
346,923
374.0
374.0
3.2
374.0
3.25
3.5
317
303
389
340
360
382
385
382
32,525
385
31,632
382
385
382
32,260
385
33.0
330,765
3
330,765
3.5
39,741
338.5
366.1
3,064
38,518
367
3,498
3,982
322,147
3,894
318,253
3,889
306,448
306,448
3,121
36,404
35,001
35,375
350
35,025
36
339,679
346,244
397
397
340,317
346,882
321,670
328,235
350
324,550
330,765
321,670
328,235
339,475
346,068
349
342,355
348,599
321,670
328,235
349
3
3
368
368
3,957
3,957
321,670
328,235
3,957
3
3,954
3,992
3,992
3,498
3,439
30,426
32,366
3,408
3,494
36,598
37,925
30,231
30,231
32,437
32,437
301
301
374.0
350.0
4's 5's 6's
We found 97 numbers that start with the digit 4. Here they are:
422,934
422,943
45,527
44,900
48,859
4,761
4,598
4.20
4.20
4
47,530
4,222
43,181
44
420
4,162
4,129
4.0
4
4
45,527
44,900
431
40.0
4.2
4.0
4.0
491
4,034
4.0
4
4.1
4.5
41,377
424,884
412,768
4,616
4,452
417
407
486,238
44,939
43,429
42,170
49.1
4.0
486
48
48
47,530
42
48
42
48
42
422,943
443,327
422,934
422,943
4.20
4.20
44,225
45,527
44,900
4
4.0
4.8
40,545
4,061
4,040
4,015
420
441,635
443,321
41
4,129
4,934
44,900
44,900
4,770
4,598
4,598
4.12
4.20
4.12
4.20
47,461
47,530
4
4,129
41
4,770
44
44
4,162
4,162
4
We found 95 numbers that start with the digit 5. Here they are:
5,461
56,395
599,140
55,261
52,918
52,701
5,108
5,198
50,285
58,991
5,198
52
5,108
5,825
562,492
5,198
545
5,605
553
5
5,243
596
5.0
5.00
5
54,622
53,127
52,701
5.4
5,539
5,539
5,538
5,538
51,447
50,871
52,918
55,261
52,849
51,165
56,242
55,262
53,839
52,258
5,900
5,900
560
560
517,593
58,284
52,352
51,890
50.0
5.00
50.0
540
517
588
50,033
59
59
59
59
52,740
54,458
50,402
52
5.0
5
59,667
55,778
55,129
55,129
55,124
58,245
558,363
562,492
5,198
5,198
59,100
58,991
558,363
562,492
545
545
5,605
5,605
553
553
5
5
5,243
5,243
596
596
50.0
We found 55 numbers that start with the digit 6. Here they are:
6,632
62,222
611,847
66,459
631,412
621,525
688,813
60,215
60
688,813
605,257
627
6
6
690
660
60,369
69,767
67,777
69
631
66,459
65.1
6.71
6.9
60.0
60
60
65
65
65
60
67,976
62,909
696,958
687,938
6,266
6,266
620,488
622,771
60,251
60,215
6,565
6,565
6,565
6,215
6,565
60
60
6,593
6,244
69
6,565
6
6,565
7's 8's 9's
We found 71 numbers that start with the digit 7. Here they are:
79,977,574
76,021
75,659
78,128
79,969
79,707
79,483
79,218
795
700,502
70,315
79,534
78,814
79,534
78,814
79,483
795
755
756
79,969
700,502
78,970
790
794,468
79,116
791
798,051
7,399
756
76,021
7.0
7.5
71,748
75,847
78,198
75,094
7
7.1
74.0
75.0
70.0
74
79,534
78,814
79,534
78,814
7
70,315
7,272
79,116
78,850
791
791
798,897
798,051
72,255
70,315
78,814
78,814
78,814
78,814
78,814
78,814
795,304
794,468
798,897
798,051
7,459
7.0
7.5
74.0
We found 55 numbers that start with the digit 8. Here they are:
8,886
8,983
800
812,071
808,913
8,782
8,948
8,948
808,913
8,948
8,948
800
812,071
8,948
873
87,167
842
8.9
8,662
80,410
89,136
81,312
8.07
8.83
8.6
8.55
8,886
8,983
8,663
8,769
83
896
83
87
87
8
83,290
8.9
8.8
8,309
8,782
8,717
87,729
87,729
846
8,782
8,782
836
846
873
873
87,167
87,167
842
842
We found 26 numbers that start with the digit 9. Here they are:
9,613
9,775
999
95,176
944
9,345
9,111
90
9.7
9,399
9.86
9.98
970
970
9,724
980
99,588
9
9,824
9,824
9.8
95,176
9.7
9,020
965
965
While the above ADTN 10Q Filed 5/20/2025 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 5/20/2025 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.

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: 93
XBRL?   [ original filing ]
Total numbers found: 1,063

= Typical ADTN range from 8/7/2020 to 5/20/2025
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 8/7/2020 to 5/20/2025
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: 95
XBRL?   [ original filing ]
Total numbers found: 1,412

= Typical ADTN range from 8/7/2020 to 5/20/2025
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 8/7/2020 to 5/20/2025
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 8/7/2020 to 5/20/2025
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 8/7/2020 to 5/20/2025
25.7
16.8
14.3
11.9
6.9
6.0
7.0
6.3
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL?   [ original filing ]
Total numbers found: 1,340

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 97
XBRL?   [ original filing ]
Total numbers found: 1,670

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 88
XBRL?   [ original filing ]
Total numbers found: 855

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 87
XBRL?   [ original filing ]
Total numbers found: 1,351

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 99
XBRL?   [ original filing ]
Total numbers found: 1,360

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 92
XBRL?   [ original filing ]
Total numbers found: 1,618

= Typical ADTN range from 8/7/2020 to 5/20/2025
33.0
15.0
9.2
10.6
8.4
7.4
6.2
4.1
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 800

= Typical ADTN range from 8/7/2020 to 5/20/2025
28.1
15.7
12.4
9.7
6.8
7.6
7.9
6.9
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL?   [ original filing ]
Total numbers found: 1,288

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 94
XBRL?   [ original filing ]
Total numbers found: 1,678

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 90
XBRL?   [ original filing ]
Total numbers found: 1,848

= Typical ADTN range from 8/7/2020 to 5/20/2025
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: 98
XBRL?   [ original filing ]
Total numbers found: 971

= Typical ADTN range from 8/7/2020 to 5/20/2025
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 8/7/2020 to 5/20/2025
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: 97
XBRL?   [ original filing ]
Total numbers found: 1,161

= Typical ADTN range from 8/7/2020 to 5/20/2025
27.6
16.8
11.5
11.4
10.2
7.3
7.2
3.8
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,657

= Typical ADTN range from 8/7/2020 to 5/20/2025
 

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