Financial research concept

Security Monitoring Recurring Monthly Revenue

measures GAAP revenue recognized during a period from contractual monthly recurring monitoring and related-service fees.

By Lee BaileyPublished Sep 26, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 17 connected conceptsPart of the reviewed Security Monitoring Subscription Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Price increases outweighed lower volume
Annual recurring revenue is not end-of-period RMR
Recurring revenue is the largest part of monitoring and related services
Part of the Security Monitoring Subscription Economics
See It in Company Research
Continue Research

Security monitoring recurring monthly revenue measures GAAP revenue recognized during the reporting period from recurring monitoring and related-service fees.

ADT recognized $4.216 billion of recurring monthly revenue in 2025, up from $4.177 billion in 2024.

Price increases outweighed lower volume

ADT said recurring revenue increased by approximately $39 million, primarily because average prices added about $113 million while lower volume reduced revenue by about $53 million.

That bridge shows why recurring revenue growth should not be read as subscriber growth. Pricing and customer volume can move in opposite directions.

Annual recurring revenue is not end-of-period RMR

The $4.216 billion figure is recognized across the full year.

ADT's approximately $359 million end-of-period RMR is a point-in-time contractual monthly KPI. The two measures are related but use different time concepts and should not be compared as if they were identical.

ADT also recognized $137.7 million of other related services revenue.

Together, the recurring and other-service components produced $4.354 billion of monitoring and related services revenue.

Primary source: ADT 2025 Form 10-K.

Part of the Security Monitoring Subscription Economics

Connects monitoring subscriber scale and retention with recurring revenue, subscriber-acquisition investment, company-owned system economics, and the deferred and contracted revenue created by long-duration monitoring relationships.

Browse the full operating model in Company Analysis →

Where this concept fits

Subscriber base, recurring revenue, retention, and paybackCurrent relationship
Subscriber count supplies the installed base, RMR and recognized recurring revenue describe monetization, attrition measures recurring revenue lost, and payback connects the upfront acquisition investment to the revenue stream that recovers it.
End-of-Period RMR Gross Customer Revenue Attrition Monitoring and Related Services RevenueRecurring Monthly RevenueCurrent conceptRevenue Payback Period Monitoring Subscriber Count
Subscriber acquisition and company-owned system investment
Dealer account purchases and contract additions acquire customer relationships, while subscriber system assets and deferred acquisition costs capitalize different parts of the investment required to create and support monitoring subscribers.
Customer Contract Additions Dealer-Generated Account Purchases Deferred Acquisition Cost Amortization Deferred Subscriber Acquisition Costs Subscriber System Asset Depreciation Subscriber System Asset Expenditures Subscriber System Assets
Installation, deferred fees, and contracted future service revenue
Outright-sale installation revenue is recognized differently from company-owned upfront fees, while deferred subscriber acquisition revenue and remaining performance obligations show how existing customer contracts feed later revenue recognition.
Deferred Subscriber Acquisition Revenue Deferred Acquisition Revenue Amortization Installation Revenue Monitoring Remaining Performance Obligations

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

ADTOpen operating-model research →17 of 17 reviewed concepts in Security Monitoring Subscription EconomicsSubscriber base, recurring revenue, retention, and payback6 of 6 bridge concepts supportedContinue through this bridge:End-of-Period RMR Gross Customer Revenue Attrition Monitoring and Related Services Revenue Monitoring Subscriber Count Revenue Payback Period

Continue Research

Continue from the concept into the Grizzly Bulls research surface that best matches the next question. These links are research continuations, not recommendations or required steps.

Compare stocks

Compare recurring revenue growth

Compare annual recurring revenue after separating average-price effects from customer-volume changes.

Continue research

Explore more topics in the Financial Research Encyclopedia.