AcquisitionsApr 30, 2026, 04:15 PM
ADT Acquires Origin AI for $164M; Q1 Net Income $168.4M
AI Summary
ADT Inc. acquired Origin Wireless, Inc. (Origin AI) for $164 million in cash on February 20, 2026, to enhance its security and smart home solutions with AI-enabled presence detection technology. For the three months ended March 31, 2026, ADT reported a net income of $168.4 million, up from $140.2 million in the prior year, and total revenue of $1.279 billion, a slight increase from $1.267 billion. The company also saw an increase in cash and cash equivalents.
Key Highlights
- ADT acquired Origin AI for $164M cash on Feb 20, 2026.
- Q1 2026 Net income $168.4M, up 20.1% YoY.
- Q1 2026 Total revenue $1.279B, up 0.9% YoY.
- Monitoring services revenue $1.080B, down 0.3% YoY.
- Security installation revenue $198.1M, up 7.4% YoY.
- Cash & equivalents $119.3M, up 47.7% from Dec 2025.
- Common stock repurchases $115.9M in Q1 2026.
- Long-term debt $7.36B as of March 31, 2026.