---
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"
generated_at: "2026-06-16T03:40:56.125435+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ADT Q1 net loss $90M on $193M solar impairment; adjusted EBITDA $625M, revenue up 4%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703056-23-000104
- JSON: https://secwatch.observer/filing/0001703056-23-000104.json
- Plain text: https://secwatch.observer/filing/0001703056-23-000104.txt

## Key facts
- Earnings Releases
  ADT Inc. reported Full year 2023 results: revenue $6,600 - $6,850, EPS $0.30 - $0.40. Guidance reaffirmed.
  - Period: Full year 2023
  - Revenue: $6,600 - $6,850
  - EPS: $0.30 - $0.40
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm
- Earnings Releases
  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.
  - Period: Three months ended March 31, 2023
  - Revenue: $1.6 billion
  - Net income: $90 million loss
  - EPS: $(0.10) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000104/0001703056-23-000104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.