ADT — what changed in the latest 10-Q
A section-by-section comparison of ADT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +53 | −33 | ~30 | 90 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | −5 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
•selling costs of $9 million primarily due to the amortization of deferred subscriber acquisition costs,
The six months ended June 30, 2026, as compared to the prior year period, primarily reflects:
•an increase in the allowance for credit losses of $23 million,
•an increase in selling expenses of $15 million primarily due to the amortization of deferred subscriber acquisition costs, and
•an increase in advertising costs of $8 million, partially offset by
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Depreciation and intangible asset amortization345,486 339,517 5,969
Income (loss) from continuing operations before income taxes227,464 193,509 33,955
Diluted income (loss) from continuing operations per share of Common Stock$0.20 $0.16 $0.04
Diluted weighted-average shares outstanding of Common Stock821,857 871,312 (49,455)
•a decrease in general and administrative costs of $27 million primarily as a result of a loss recovery from a legal settlement during the current period, partially offset by
Other information
Text removed vs the prior filing · source: 10-Q · 2026-04-30
The following information is provided in lieu of filing such information on a Current Report on Form 8-K under “Item 1.01 Entry into a Material Definitive Agreement.”
On April 27, 2026, ADT LLC and ADT Finance LLC (“ADT Finance”) entered into a Ninth Amendment to the Receivables Financing Agreement, among ADT Finance, Mizuho Bank, Ltd., ADT LLC, MUFG Bank Ltd., Starbird Funding Corporation, and BNP Paribas (the “Ninth Amendment to Receivables Financing Agreement”…
The Ninth Amendment to Receivables Financing Agreement, among other things, (i) extends the Termination Date from April 27, 2026 to April 27, 2027 (the Termination Date having been previously extended from March 27, 2026 to April 27, 2026 pursuant to the Eighth Amendment to the Receivables Financing…
In connection with the effectiveness of the Ninth Amendment to Receivables Financing Agreement, the Company was required to reaffirm its existing Performance Support Agreement in the form included as Annex A to the Ninth Amendment to Receivables Financing Agreement (the “Performance Support Agreemen…
The foregoing descriptions of the Ninth Amendment to Receivables Financing Agreement and Performance Support Agreement do not purport to be complete and are subject to, and qualified in their entirety by reference to the full text of the Ninth Amendment to Receivables Financing Agreement, including …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice