ADT Inc. 2026年季度报告

Part IFinancial Information Item 1.Financial StatementsCondensed Consolidated Balance Sheets (Unaudited)Condensed Consolidated Statements of Operations (Unaudited)Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) Part IIOther InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures PART I. FINANCIAL INFORMATION ADT INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS ADT INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ADT INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Organization ADT Inc., together with its wholly-owned subsidiaries (collectively, “ADT” or the “Company”), is a leading provider of security,interactive, and smart home solutions serving consumer and small business customers in the United States (“U.S.”). Basis of Presentation The condensed consolidated financial statements included herein: •have been prepared in U.S. dollars in accordance with generally accepted accounting principles in the United States ofAmerica (“GAAP”);•are comprised of the consolidated results of ADT Inc. and its wholly-owned subsidiaries for which all intercompany The Condensed Consolidated Balance Sheet as of December31, 2025 included herein was derived from the audited consolidatedfinancial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025(the “2025 Annual Report”). Certain information and footnote disclosures required in the annual consolidated financial statements Certain prior period amounts have been reclassified to conform with the current period presentation. Use of Estimates The preparation of these condensed consolidated financial statements in accordance with GAAP requires the Company to selectaccounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the Segment Information The Company evaluates and reports information based on the manner in which the chief operating decision maker (the “CODM”)evaluates performance and allocates resources. The CODM manages the business on a consolidated basis, and as such, the Company Refer to Note 3 “Segment Information.” Discontinued Operations The Company’s exit in 2024 from the residential solar business (the “Solar Business”) (the “ADT Solar Exit”) and the sale in 2023 ofits commercial business (the “Commercial Business”) (the “Commercial Divestiture”) represented strategic shifts that had majoreffects on the Company’s operations and financial results. As applicable, the results of operations and financial position of thesebusinesses are classified as discontinued operations and is not material. The Condensed Consolidated Statements of Cash Flows and ADT INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Accounting Standards Updates (“ASUs”) Recently Adopted Measurement of Credit Losses for Accounts Receivable and Contract Assets - ASU 2025-05, Financial Instruments—Credit Losses(Topic 326):Measurement of Credit Losses for Accounts Receivable and Contract Assets, provides entities a practical expedient whenestimating expected credit losses for current accounts receivable and current contract assets, permitting the use of current conditions as The Company adopted this guidance, effective January 1, 2026, on a prospective basis and will apply the practical expedient whereapplicable. The adoption did not have a material impact on the Company’s consolidated financial statements or disclosures. Recently Issued Interim Reporting-ASU 2025-11,Narrow-Scope Improvements (Topic 270): Interim Reportingis intended to improve navigability ofthe required interim disclosures and clarify when the guidance is applicable. The amendments also include additional guidance onwhat disclosures should be provided in interim reporting periods. The amendment adds to Topic 270 a principle that requires entities to This guidance is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. Earlyadoption is permitted. The Company is evaluating the impact of this guidance on its disclosures. Targeted Improvements to the Accounting for Internal-Use Software- ASU 2025-06,Intangibles — Goodwill and Other (Subtopic350-40): Targeted Improvements to the Accounting for Internal-Use Software, removes all references to prescriptive and sequentialsoftware development stages, requiring an entity to start capitalizing software costs when management has authorized and committed This guidance is effective for annual reporting periods beginning after Decem