ADT

Monitoring and related services contributed about 4.35 billion dollars of 2025 revenue (~85%), creating a highly recurring base. RMR ended 2025 at 359 million dollars with a 2.3‑year revenue payback and measured attrition.

TTM revenue is roughly 5.14 billion dollars (FY 2025 plus Q1 2026 less Q1 2025), and management’s multi‑year framework targets steady growth in revenue, EPS, and adjusted FCF. Geographic and regulatory concentration in the U.S. reduces cross‑border risk.

Main sources of variability are housing churn, non‑payment, and competitive intensity, but the base remains predictable.