{"schema_version":"secwatch.filing_event.v1","accession":"0001703056-23-000104","form_type":"8-K","ticker":"ADT","cik":"0001703056","company_name":"ADT Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.115976+00:00","generated_at":"2026-06-16T03:40:56.125435+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ADT Q1 net loss $90M on $193M solar impairment; adjusted EBITDA $625M, revenue up 4%","bullets":["GAAP net loss $90M ($0.10 loss/diluted) includes $193M non-cash solar goodwill impairment; adjusted net income $102M ($0.12 EPS).","Total revenue $1.6B (+4% YoY); CSB +7%, Commercial +15%, Solar -25% to $145M.","Record gross customer revenue attrition 12.5% (down 40bp YoY); revenue payback improved to 2.0 years from 2.3 years.","Reaffirmed 2023 guidance: revenue $6.6-6.85B, EBITDA $2.525-2.625B, adjusted EPS $0.30-0.40.","Declared dividend $0.035/share, payable July 6 to holders of record June 15; redeemed $150M of 5.25% notes due 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001703056-23-000104","json":"https://secwatch.observer/filing/0001703056-23-000104.json","markdown":"https://secwatch.observer/filing/0001703056-23-000104.md","text":"https://secwatch.observer/filing/0001703056-23-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/adt-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:40:56.125435+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f9f2174bd630f921b058ab6aabdfae86ffaa0d2","claim":"ADT Inc. reported Full year 2023 results: revenue $6,600 - $6,850, EPS $0.30 - $0.40. Guidance reaffirmed.","evidence_excerpt":"2023 FINANCIAL OUTLOOK The Company is reiterating its financial guidance for 2023: (in millions) Total Revenue $6,600 - $6,850 Adjusted EBITDA $2,525 - $2,625 Adjusted EPS $0.30 - $0.40 Adjusted Free Cash Flow (including interest rate swaps) $600 - $700 Adjusted Free Cash Flow $525 - $625","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full year 2023"},{"label":"Revenue","value":"$6,600 - $6,850"},{"label":"EPS","value":"$0.30 - $0.40"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7685d8abc76b9c3ff5df10f3327bcfb9fd40502f","claim":"ADT Inc. reported Three months ended March 31, 2023 results: revenue $1.6 billion, net income $90 million loss, EPS $(0.10) per diluted share.","evidence_excerpt":"Financial highlights for the first quarter of 2023 are listed below. Variances are on a year-over-year basis unless otherwise noted. • Total revenue of $1.6 billion, up 4%, and end-of-period recurring monthly revenue (RMR) of $378 million, up 4% • High customer retention with gross customer revenue attrition maintaining record low of 12.5% • Record revenue payback of 2.0 years • GAAP net loss of $90 million, or a loss of $(0.10) per diluted share, down $141 million, which includes $193 million negative impact from Solar segment goodwill impairment • Adjusted net income of $102 million, or $0.12 per diluted share, up $109 million • Adjusted EBITDA of $625 million, up $24 million or 4%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three months ended March 31, 2023"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"$90 million loss"},{"label":"EPS","value":"$(0.10) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}