---
schema_version: "secwatch.filing_event.v1"
accession: "0001703056-23-000140"
form_type: "8-K"
ticker: "ADT"
cik: "0001703056"
company_name: "ADT Inc."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:37:19.737107+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ADT restates financials due to goodwill impairment error; expects additional charge of $145-185M

## Summary
- Non-compliance with ASU 2017-04 understated goodwill impairment by $52M (Sep 2022), $49M (Mar 2023).
- Net income overstated by $40M for FY2022; net loss understated by $29M for Q1 2023.
- Material weakness in internal control over financial reporting identified; no cash flow impact.
- Expects additional solar goodwill impairment of $145M-$185M in Q2 2023 due to triggering event.
- Previously issued 10-Q and 10-K for periods ended Sep 2022, Dec 2022, Mar 2023 should no longer be relied upon.

## SEC filing metadata
- accession: 0001703056-23-000140
- form_type: 8-K
- ticker: ADT
- cik: 0001703056
- company_name: ADT Inc.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 4.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000140/0001703056-23-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000140/adt-20230703.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703056-23-000140
- JSON: https://secwatch.observer/filing/0001703056-23-000140.json
- Plain text: https://secwatch.observer/filing/0001703056-23-000140.txt

## Key facts
- Earnings Releases
  ADT Inc. reported financial results for fiscal quarter ended June 30, 2023.
  - Period: fiscal quarter ended June 30, 2023
  - Result: reported results
  source text: The information appearing below under Item 4.02 regarding our previously reported fiscal periods ended September 30, 2022, December 31, 2022, and March 31, 2023, as well as the information with respect to our fiscal quarter ended June 30, 2023 under the headings “Potential Further Solar Goodwill Impairment” and “Controls and Procedures,” are incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703056/000170305623000140/0001703056-23-000140-index.htm

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