Array Digital Infrastructure, Inc. (AD)
Compare with another name Open in your desk ↗
Array Digital Infrastructure, Inc. (AD) reported revenue of $54 million for Q2 FY2026, the quarter ended 30 June 2026, up 89.5% on the same quarter a year earlier. Net income was $359 million, up 1038.9% on the year, and diluted earnings per share $4.15. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.
Revenue$54 millionup 89.5%
Net income$359 millionup 1038.9%
Diluted EPS$4.15
QuarterQ2 FY2026ended 30 June 2026
Array Digital Infrastructure (AD) in brief
Array Digital Infrastructure (AD) reported revenue of $163 million for fiscal 2025, the year ended 31 December 2025, up 58.3% on the year before.
Read more
Net income was $49 million and diluted earnings per share $0.56. Revenue was $103 million in fiscal 2024, $100 million in fiscal 2023, $4.2 billion in fiscal 2022 and $4.1 billion in fiscal 2021. Net income in the same years was a loss of $39 million, $54 million, $30 million and $155 million. Revenue fell 47.4% a year, compounded, over the five years to fiscal 2025. Array Digital Infrastructure declared $44.25 a share in dividends over the last four quarters and had 86 million shares outstanding at the latest filed count. At 30 June 2026 it carried $675 million of debt and $416 million of cash. At the close of 30 October 2026 the market cap of Array Digital Infrastructure was $2.8 billion.Ratios
From the filings
ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF marginn/a
Interest covern/a
Debt to equity0.53
Cash conversionn/a
Share count, last 12 months0.6%
Sales CAGR, 3 years-66.1%
Profit CAGR, 3 years17.6%
EPS, TTMn/a
At the close of 30 October 2026
Price$32.88
Market cap$2.8 billion
Stock P/En/a
Price to book2.25
EV / EBITDAn/a
Dividend yield134.6%
Market cap / salesn/a
52-week high$60.28
52-week low$31.77
Price, 1 year-32.8%
Price CAGR, 3 years-7.9%
Price CAGR, 5 years1.5%
Worked from the filed figures; hover a name for the formula.
Read more
The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Array Digital Infrastructure, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.ADgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read more
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on AD
| Dividends | $44.25 a share over the four quarters to 30 June 2026, a 134.58% yield |
| Filings | 20 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 other events; 2 acquisition or disposition completed; 2 officer or director change; 1 shareholder vote |
| Planned insider sales | 1 Form 144 notice in twelve months, $260,909; latest 16 September 2026 |
| Options tape | put/call 0.27 by open interest at the 30 October 2026 close; the straddle prices a 17.7% move to 20 November 2026 |
| 13F holders | 139 funds reported a position for the quarter to 30 June 2026; largest Dimensional Fund Advisors LP |
| Insider trading | 2 sales and 0 purchases on Form 4 in twelve months |
| Congress | 0 House trades disclosed in six months |
| Short interest | 1.4 million shares short, 6.50 days to cover at 15 October 2026 |
| Documents | the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked |
Quarterly results, the last 20 quarters
| Q3 FY2021 | Q4 FY2021 * | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 * | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 † | Q4 FY2024 * | Q1 FY2025 † | Q2 FY2025 † | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,016 | 1,069 | 1,010 | 1,027 | 1,083 | 1,049 | 986 | 957 | 963 | 1,000 | 950 | 927 | 25.7 | 971 | 27.0 | 28.5 | 47.1 | n/a | 52.0 | 54.1 |
| Cost of revenue | 457 | 529 | 442 | 467 | 551 | 511 | 435 | 418 | 413 | n/a | 398 | 391 | 18.3 | n/a | 16.3 | 19.4 | 21.0 | n/a | 21.6 | 23.5 |
| Gross profit | 559 | 540 | 568 | 560 | 532 | 538 | 551 | 539 | 550 | n/a | 552 | 536 | 7.5 | n/a | 10.7 | 9.1 | 26.1 | n/a | 30.4 | 30.6 |
| Gross margin | 55% | 51% | 56% | 55% | 49% | 51% | 56% | 56% | 57% | n/a | 58% | 58% | 29% | n/a | 40% | 32% | 55% | n/a | 58% | 57% |
| SG&A | 346 | 360 | 325 | 339 | 369 | 375 | 345 | 341 | 333 | 349 | 331 | 322 | 21.2 | 353 | 29.2 | 19.3 | 20.5 | n/a | 12.7 | 22.9 |
| Operating income | 45.0 | 5.0 | 71.0 | 40.0 | -15.0 | -27.0 | 26.0 | 34.0 | 57.0 | 22.0 | 51.0 | 36.0 | -160 | -9.0 | -29.6 | -18.2 | -53.3 | n/a | 161 | 399 |
| Operating margin | 4% | 0% | 7% | 4% | -1% | -3% | 3% | 4% | 6% | 2% | 5% | 4% | -622% | -1% | -110% | -64% | -113% | n/a | 309% | 738% |
| Interest expense | 45.0 | 31.0 | 33.0 | 40.0 | 42.0 | 48.0 | 47.0 | 51.0 | 50.0 | 48.0 | 43.0 | 45.0 | 4.2 | 46.0 | 3.7 | 3.7 | 8.9 | n/a | 7.2 | 10.9 |
| Pre-tax income | 49.0 | 17.0 | 84.0 | 40.0 | -15.0 | -37.0 | 25.0 | 24.0 | 50.0 | 12.0 | 52.0 | 32.0 | -118 | -14.0 | 5.3 | 23.5 | 47.2 | n/a | 232 | 453 |
| Tax rate | 29% | -65% | 38% | 45% | n/a | n/a | 44% | 79% | 54% | -33% | 54% | 44% | n/a | n/a | -4% | 36% | -133% | n/a | 23% | 26% |
| Net income | 34.0 | 26.0 | 49.0 | 21.0 | -12.0 | -28.0 | 13.0 | 5.0 | 23.0 | 13.0 | 18.0 | 17.0 | -79.0 | 5.0 | 18.2 | 31.5 | -38.5 | n/a | 178 | 359 |
| Net margin | 3% | 2% | 5% | 2% | -1% | -3% | 1% | 1% | 2% | 1% | 2% | 2% | -307% | 1% | 68% | 110% | -82% | n/a | 342% | 663% |
| Diluted EPS | $0.38 | $0.31 | $0.57 | $0.25 | -$0.15 | -$0.33 | $0.15 | $0.05 | $0.26 | $0.16 | $0.20 | $0.20 | -$0.92 | $0.05 | $0.21 | $0.36 | -$0.44 | n/a | $2.06 | $4.15 |
| Operating cash flow | 304 | 135 | 311 | 267 | 74.0 | 180 | 41.0 | 349 | 329 | 147 | 203 | 313 | 245 | 122 | 159 | 325 | -82.1 | n/a | 23.8 | -42.8 |
| Capital expenditure | 175 | 268 | 150 | 138 | 121 | 193 | 196 | 155 | 103 | 154 | 133 | 137 | 129 | 138 | 7.5 | 75.0 | n/a | n/a | 13.8 | 5.8 |
| Free cash flow | 129 | -133 | 161 | 129 | -47.0 | -13.0 | -155 | 194 | 226 | -7.0 | 70.0 | 176 | 116 | -16.0 | 152 | 250 | n/a | n/a | 10.0 | -48.6 |
| Buybacks | 19.0 | 10.0 | 10.0 | 8.0 | 10.0 | 15.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 26.0 | 28.0 | 21.4 | 0.0 | 0.4 | n/a | 0.0 | 0.0 |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1,987 | n/a | 885 | 951 |
| Shares outstanding | 86m | 86m | 86m | 86m | 85m | 85m | 85m | 85m | 85m | 85m | 85m | 86m | 86m | 85m | 85m | 86m | 86m | 86m | 86m | 86m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
Read more
* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A fourth quarter left blank is one the arithmetic cannot give yet: the annual report changed the basis of the year (a business sold or spun off, a line regrouped), so the year less the three quarters as first filed would not be a quarter of anything. It fills in once the three quarters have been refiled on the new basis. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Income statement (profit and loss), 18 fiscal years and the trailing twelve months
Play it forward: change any box and its column follows; every box opens at the company's own record, shown under the row's name, and says when you set it outside every year in the table.
Read more
Each column runs from the last twelve months as filed to the year chosen in its heading, at a yearly rate. Sales growth starts at the company's own five-year rate and eases a third of the way each year toward the median of the 42 peers in Communication (4.1% a year), because a rate far from the rest rarely lasts. Before you open a year, the strip reads today's price backwards: the yearly sales growth that brings EPS, at the company's own margins, tax and share count, to today's price at the median P/E of the 22 peers in Communication (15.8). Low, middle, high opens three columns for one year: the low and high cases take the company's own weaker and stronger years in the table (the lower and upper quarter of its yearly sales growth and operating margin) and the lower and higher of today's P/E and its peers'; the middle is the boxes as they open. Net income keeps the share that went to minority holders; EPS is net income over the diluted shares, on the same basis as the EPS in the table. The price is that year's EPS at the P/E you set, and the yearly return runs from today's price to the year's end. These are your assumptions and your arithmetic, not an estimate of ours. The link carries your columns, so you can send the forecast to someone.| FY2008 † | FY2009 † | FY2010 † | FY2011 † | FY2012 | FY2013 | FY2014 † | FY2015 † | FY2016 † | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 † | FY2024 † | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,243 | 4,214 | 4,178 | 4,343 | 4,452 | 3,919 | 3,902 | 4,031 | 3,990 | 3,890 | 3,967 | 4,022 | 4,037 | 4,122 | 4,169 | 100 | 103 | 163 | n/a |
| Cost of revenue | 1,526 | 1,546 | 1,611 | 1,721 | 1,883 | 1,762 | 1,963 | 1,828 | 1,841 | 1,803 | 1,789 | 1,784 | 1,793 | 1,908 | 1,971 | 67.9 | 73.0 | 79.5 | n/a |
| Gross profit | 2,716 | 2,668 | 2,566 | 2,622 | 2,569 | 2,156 | 1,939 | 2,203 | 2,149 | 2,087 | 2,178 | 2,238 | 2,244 | 2,214 | 2,198 | 32.6 | 29.9 | 83.5 | n/a |
| Gross margin | 64.0% | 63.3% | 61.4% | 60.4% | 57.7% | 55.0% | 49.7% | 54.7% | 53.9% | 53.7% | 54.9% | 55.6% | 55.6% | 53.7% | 52.7% | 32.4% | 29.1% | 51.2% | n/a |
| Selling, general and administrative | 1,707 | 1,747 | 1,783 | 1,770 | 1,765 | 1,677 | 1,592 | 1,494 | 1,480 | 1,412 | 1,388 | 1,406 | 1,368 | 1,345 | 1,408 | 101 | 103 | 84.4 | n/a |
| Operating income | 32.8 | 326 | 201 | 281 | 157 | 147 | -134 | 347 | 48.0 | -304 | 158 | 112 | 173 | 170 | 69.0 | -112 | -260 | -92.5 | n/a |
| Operating margin | 0.8% | 7.7% | 4.8% | 6.5% | 3.5% | 3.7% | -3.4% | 8.6% | 1.2% | -7.8% | 4.0% | 2.8% | 4.3% | 4.1% | 1.7% | -111.7% | -252.9% | -56.8% | n/a |
| Interest expense | 78.5 | 78.2 | 61.6 | 65.6 | 42.4 | 44.0 | 57.0 | 86.0 | 113 | 113 | 116 | 110 | 112 | 175 | 163 | 14.6 | 12.4 | 28.2 | n/a |
| Pre-tax income | n/a | 349 | 241 | 313 | 205 | 258 | -59.0 | 404 | 82.0 | -272 | 215 | 185 | 250 | 180 | 72.0 | 41.2 | -99.7 | 141 | n/a |
| Income tax | 9.1 | 118 | 82.0 | 114 | 64.0 | 113 | -12.0 | 157 | 33.0 | -287 | 51.0 | 52.0 | 17.0 | 20.0 | 37.0 | 32.9 | -19.3 | -31.1 | n/a |
| Effective tax rate | n/a | 33.8% | 34.0% | 36.5% | 31.2% | 43.9% | n/a | 38.9% | 40.2% | n/a | 23.7% | 28.1% | 6.8% | 11.1% | 51.4% | 79.7% | n/a | -22.1% | n/a |
| Net income | 35.7 | 210 | 136 | 175 | 111 | 140 | -43.0 | 241 | 48.0 | 12.0 | 150 | 127 | 229 | 155 | 30.0 | 54.5 | -39.4 | 48.8 | n/a |
| Net margin | 0.8% | 5.0% | 3.3% | 4.0% | 2.5% | 3.6% | -1.1% | 6.0% | 1.2% | 0.3% | 3.8% | 3.2% | 5.7% | 3.8% | 0.7% | 54.2% | -38.3% | 29.9% | n/a |
| Diluted EPS | $0.41 | $2.40 | $1.57 | $2.05 | $1.30 | $1.65 | -$0.51 | $2.84 | $0.56 | $0.14 | $1.72 | $1.44 | $2.62 | $1.77 | $0.35 | $0.63 | -$0.46 | $0.56 | n/a |
| Filing | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
From each year's 10-K, linked; TTM is the last four quarters.
Read more
Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.Revenue by product or service FY2023 to FY2025
| FY2023 | FY2024 | FY2025 | Share of the parts, latest year | |
|---|---|---|---|---|
| Site rental | 100 | 103 | 155 | 94.9% |
| Services | 0.1 | 0.3 | 8.3 | 5.1% |
Site rentalServices
$ million; hover a block for its figure and share
From the company's 10-Ks, in its own words (latest 10-K).
Read more
Each year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.Cash flow and capital returned
Follow the cash: free cash flow, which is operating cash flow less capital expenditure and share-based pay, for five years and after, in today's money.
Read more
The figure a share at the top is what a discounted cash flow calls intrinsic value, worked out on your assumptions. Everything after year five is one sum: the sixth year's cash, growing at the long-run rate every year after, added up and brought back to today's money. Each year runs from the last twelve months as filed. Sales growth opens where Play it forward does: the company's own five-year rate, easing a third of the way each year toward the median of the 42 peers in Communication (4.1% a year); change a year and the years after it follow. Operating cash flow, capital expenditure and share-based pay open at the company's own median share of sales over its last five years, shown under each row. Share-based pay is taken off because operating cash flow adds back the shares paid to staff as if they cost nothing; set it to 0 to leave it in. Capital spending counts every capital line the company files in its cash flow, such as equipment it leases to customers, software, wells or property it develops, named under the row, while the Capital expenditure row in the table below stays the one line as filed; buying a business, securities or a finished property is not counted. The discount rate opens at 10%, about what US stocks have returned a year over the long run, so it is the return you give up by holding this company instead of the market; the growth after year five opens at 3%, a little under the US economy's long-run growth in dollars, because no company outgrows it for ever. Net debt is the debt and short-term borrowings less the cash on the latest balance sheet that shows the debt; the figure per share divides what is left by the diluted share count. These are your assumptions and your arithmetic, not an estimate of ours. The link carries them, so you can send them to someone.| FY2008 † | FY2009 † | FY2010 † | FY2011 † | FY2012 | FY2013 | FY2014 † | FY2015 † | FY2016 † | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 † | FY2024 † | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 923 | 872 | 834 | 988 | 899 | 291 | 172 | 555 | 501 | 469 | 709 | 724 | 1,237 | 802 | 832 | 866 | 883 | 201 | n/a |
| Capital expenditure | 586 | 531 | 569 | 772 | 826 | 718 | 605 | 581 | 443 | 465 | 512 | 650 | 989 | 724 | 602 | 40.6 | 18.5 | 27.2 | n/a |
| Free cash flow | 337 | 341 | 265 | 216 | 72.9 | -427 | -433 | -25.6 | 58.0 | 4.0 | 197 | 74.0 | 248 | 78.0 | 230 | 825 | 865 | 174 | n/a |
| Free cash flow margin | 7.9% | 8.1% | 6.3% | 5.0% | 1.6% | -10.9% | -11.1% | -0.6% | 1.5% | 0.1% | 5.0% | 1.8% | 6.1% | 1.9% | 5.5% | 821.5% | 839.9% | 106.6% | n/a |
| Cash from investing | -904 | -545 | -777 | -760 | -897 | n/a | n/a | -550 | -618 | -683 | -464 | -864 | -1,163 | -2,036 | -1,179 | -721 | -556 | 2,438 | n/a |
| Cash from financing | -52.3 | -197 | -83.2 | -81.0 | -48.5 | n/a | n/a | 497 | -12.0 | -20.0 | -14.0 | -152 | 926 | 142 | 456 | -274 | -347 | -2,684 | n/a |
| Depreciation and amortisation | 573 | 552 | 559 | 565 | 598 | 791 | 593 | 596 | 607 | 604 | 627 | 689 | 669 | 662 | 682 | 41.7 | 38.8 | 39.1 | n/a |
| Share-based compensation | 15.1 | 16.4 | 18.0 | 20.2 | 21.5 | 15.8 | 22.0 | 25.0 | 26.0 | 30.0 | 37.0 | 41.0 | 32.0 | 27.0 | 24.0 | 1.1 | 2.7 | 1.8 | n/a |
| Buybacks | 28.4 | 33.6 | 52.8 | 62.3 | 20.0 | 18.5 | 19.0 | 6.0 | 5.0 | 0.0 | 0.0 | 21.0 | 23.0 | 31.0 | 43.0 | 0.0 | 54.0 | 21.4 | n/a |
| Dividends paid | n/a | n/a | n/a | n/a | n/a | 482 | n/a | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1,987 | n/a |
| Dividend per share | n/a | n/a | n/a | n/a | n/a | $5.75 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | $23.00 | n/a |
| Diluted shares, weighted | 88m | 87m | 87m | 85m | 85m | 85m | 84m | 85m | 85m | 86m | 87m | 88m | 87m | 87m | 86m | 87m | 86m | 87m | 87m |
| Shares outstanding at period end | n/a | 87m | 86m | 85m | 84m | 84m | 84m | 84m | 85m | 85m | 86m | 86m | 86m | 86m | 85m | 85m | 85m | 86m | 86m |
| Filing | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Cash paid in the year, from the cash flow statement.
Read more
The dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.Balance sheet at year end
| FY2008 † | FY2009 † | FY2010 † | FY2011 † | FY2012 | FY2013 | FY2014 † | FY2015 † | FY2016 † | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 † | FY2024 † | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funded by | |||||||||||||||||||
| Shareholders' equity | 3,249 | 3,388 | 3,481 | 3,620 | 3,734 | 3,391 | 3,302 | 3,561 | 3,634 | 3,677 | 4,057 | 4,197 | 4,411 | 4,547 | 4,554 | 4,626 | 4,577 | 2,568 | 1,266 |
| Non-controlling interest | n/a | 51.7 | 53.5 | 56.0 | 61.4 | 18.4 | 10.6 | 10.0 | 11.0 | 10.0 | 10.0 | 13.0 | 15.0 | 16.0 | 16.0 | 16.0 | 14.9 | 6.9 | 6.3 |
| Redeemable equity | n/a | n/a | n/a | 72.0 | 57.5 | 15.4 | 7.8 | 9.5 | 11.0 | 11.0 | 11.0 | 15.0 | 13.0 | 14.0 | 14.0 | 14.0 | 14.0 | 5.9 | n/a |
| Debt | n/a | 868 | 868 | 880 | 879 | 878 | 1,127 | 1,629 | 1,618 | 1,622 | 1,605 | 1,502 | 2,489 | 2,728 | 3,187 | 3,064 | 1,224 | 674 | 675 |
| Operating lease liabilities | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.0 | 865 | 875 | 889 | 843 | 831 | 496 | 510 | 506 |
| Other liabilities | n/a | 1,401 | 1,474 | 1,700 | 1,856 | 2,143 | 2,015 | 1,851 | 1,836 | 1,521 | 1,591 | 1,572 | 1,878 | 2,147 | 2,505 | 2,199 | 4,124 | 913 | 919 |
| Total liabilities and equity | n/a | 5,708 | 5,876 | 6,328 | 6,587 | 6,446 | 6,462 | 7,060 | 7,110 | 6,841 | 7,274 | 8,164 | 9,681 | 10,341 | 11,119 | 10,750 | 10,449 | 4,678 | 3,371 |
| Owned | |||||||||||||||||||
| Fixed assets | n/a | 2,561 | 2,575 | 2,790 | 3,023 | 2,857 | 2,728 | 2,649 | 2,470 | 2,320 | 2,202 | 2,207 | 2,466 | 2,606 | 2,624 | 2,576 | 384 | 389 | 375 |
| Goodwill | 494 | 495 | 495 | 495 | 422 | 388 | 370 | 370 | 370 | 0.0 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Intangible assets | n/a | 4.1 | 0.8 | 0.3 | 0.1 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Investments | n/a | 2,100 | 2,159 | 2,136 | 2,073 | 2,054 | 2,097 | n/a | 0.0 | 50.0 | 17.0 | 0.0 | 3.0 | 0.0 | n/a | n/a | n/a | n/a | n/a |
| Cash and equivalents | 174 | 303 | 277 | 424 | 378 | 342 | 212 | 715 | 586 | 352 | 580 | 285 | 1,271 | 156 | 273 | 150 | 144 | 113 | 416 |
| Receivables | n/a | 340 | 331 | 341 | 349 | 467 | 466 | 608 | 658 | 775 | 908 | 919 | 915 | 976 | 985 | 900 | 905 | n/a | n/a |
| Inventory | n/a | 153 | 112 | 127 | 156 | 238 | 267 | 149 | 138 | 138 | 142 | 162 | 146 | 173 | 261 | 199 | 179 | n/a | n/a |
| Other assets | n/a | n/a | n/a | 14.1 | 186 | 99.9 | 322 | 2,569 | 2,888 | 3,206 | 3,425 | 4,591 | 4,880 | 6,430 | 6,976 | 6,925 | 8,837 | 4,176 | 2,580 |
| Total assets | n/a | 5,708 | 5,876 | 6,328 | 6,587 | 6,446 | 6,462 | 7,060 | 7,110 | 6,841 | 7,274 | 8,164 | 9,681 | 10,341 | 11,119 | 10,750 | 10,449 | 4,678 | 3,371 |
| Filing | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | |
At the fiscal year end; the TTM column is the latest quarter end.
Read more
Both totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.Compounded growth
| 10 years | 5 years | 3 years | TTM | |
|---|---|---|---|---|
| Sales growth, compounded | -27.4% | -47.4% | -66.1% | n/a |
| Profit growth, compounded | -14.8% | -26.6% | 17.6% | n/a |
| Return on equity, average | 2.0% | 1.3% | 0.7% | 1.9% |
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read more
Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.Questions
What was Array Digital Infrastructure's revenue in fiscal 2025?
Array Digital Infrastructure (AD) reported revenue of $163 million for fiscal 2025, the year ended 31 December 2025, up 58.3% on the year before.
How much did Array Digital Infrastructure earn in fiscal 2025?
Net income was $49 million for fiscal 2025, and diluted earnings per share $0.56.
What is Array Digital Infrastructure's market cap?
The market cap of Array Digital Infrastructure was $2.8 billion at the close of 30 October 2026.
Does Array Digital Infrastructure pay a dividend?
Yes. Array Digital Infrastructure declared $44.25 a share in dividends over the four quarters to 30 June 2026.
How much debt does Array Digital Infrastructure have?
At 30 June 2026 Array Digital Infrastructure carried $675 million of debt and $416 million of cash.
Peers: Communication
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| T-Mobile US, Inc. TMUS | $166.3 billion | 15.10 | 20.1% | 20.7% | 9.3% | 1.49 | 2.7% |
| Chunghwa Telecom Co. Ltd. CHT * | $38.0 billion | 32.02 | 10.1% | 20.6% | 2.7% | 0.07 | 3.3% |
| Vodafone Group Public Limited Company VOD * | $36.6 billion | n/a | -0.8% | 7.0% | 8.0% | 1.04 | 3.5% |
| Versant Media Group, Inc. VSNT | $4.4 billion | n/a | n/a | n/a | n/a | 0.36 | n/a |
| Telephone & Data Systems Inc. TDS | $3.9 billion | n/a | n/a | n/a | n/a | 0.13 | 0.5% |
| Array Digital Infrastructure, Inc. AD | $2.8 billion | n/a | n/a | n/a | n/a | 0.53 | 134.6% |
| Liberty Global Ltd. LBTYA | $2.7 billion | n/a | -32.9% | -1.8% | 5.4% | 0.90 | n/a |
| Adeia Inc. ADEA | $2.4 billion | 19.86 | 25.7% | 41.6% | 24.3% | 0.81 | 0.9% |
| Calix, Inc. CALX | $2.3 billion | 49.74 | 7.2% | 5.5% | 27.8% | 0.00 | 0.0% |
| IDT Corp. IDT | $2.0 billion | 23.62 | 23.0% | 9.3% | 5.4% | 0.00 | 0.3% |
| Ziff Davis, Inc. ZD | $1.9 billion | 3.10 | 28.8% | 5.5% | -8.5% | 0.39 | n/a |
| Spok Holdings, Inc. SPOK | $250 million | 13.44 | 13.0% | 12.9% | -3.3% | 0.00 | 10.4% |
All 50 in Communication
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| Verizon Communications Inc. VZ | $185.5 billion | 11.41 | 15.3% | 20.9% | 1.4% | 1.55 | 6.3% |
| T-Mobile US, Inc. TMUS | $166.3 billion | 15.10 | 20.1% | 20.7% | 9.3% | 1.49 | 2.7% |
| AT&T Inc. T | $144.4 billion | 11.59 | 10.7% | 18.3% | 3.5% | 1.30 | 5.2% |
| Spotify Technology S.A. SPOT * | $122.3 billion | 50.47 | 26.6% | 12.8% | 9.7% | 0.18 | n/a |
| Comcast Corp. CMCSA | $82.8 billion | 7.35 | 12.2% | 14.7% | -0.3% | 0.94 | 5.7% |
| Chunghwa Telecom Co. Ltd. CHT * | $38.0 billion | 32.02 | 10.1% | 20.6% | 2.7% | 0.07 | 3.3% |
| Vodafone Group Public Limited Company VOD * | $36.6 billion | n/a | -0.8% | 7.0% | 8.0% | 1.04 | 3.5% |
| EchoStar Corp. ECHO | $28.2 billion | n/a | -40.1% | -112.7% | -5.2% | 1.23 | n/a |
| Fox Corp. FOXA | $27.8 billion | 16.47 | 14.5% | n/a | 5.1% | 0.57 | n/a |
| Fox Corp. FOX | $24.7 billion | 14.64 | 14.5% | n/a | 5.1% | 0.57 | n/a |
| Roku, Inc. ROKU | $23.0 billion | 66.30 | 12.6% | 5.2% | 18.5% | 0.00 | n/a |
| AST SpaceMobile, Inc. ASTS | $15.9 billion | n/a | -25.8% | n/a | 2,265.6% | 1.24 | n/a |
| Charter Communications, Inc. CHTR | $13.5 billion | 2.89 | 29.0% | 23.3% | -1.5% | 5.54 | n/a |
| Tencent Music Entertainment Group TME * | $13.2 billion | n/a | 13.8% | 40.6% | 15.8% | 0.04 | 2.1% |
| Globalstar, Inc. GSAT | $10.7 billion | n/a | -18.6% | 4.7% | 7.7% | 1.23 | n/a |
| Viasat Inc. VSAT | $10.6 billion | n/a | -0.6% | 2.4% | 1.3% | 1.25 | n/a |
| Sirius XM Holdings Inc. SIRI | $9.8 billion | 11.70 | 7.4% | 19.0% | 0.5% | 0.77 | 3.7% |
| Skydance Corp. SKYD | $8.5 billion | n/a | -3.5% | 4.7% | n/a | 1.29 | n/a |
| Nexstar Media Group, Inc. NXST | $5.3 billion | 32.93 | 8.3% | 17.8% | 10.5% | 5.18 | 4.3% |
| Lumen Technologies, Inc. LUMN | $5.0 billion | n/a | n/a | 1.7% | -7.7% | n/a | n/a |
| Iridium Communications Inc. IRDM | $4.8 billion | 29.76 | 28.3% | 19.0% | 3.6% | 3.71 | 1.3% |
| Versant Media Group, Inc. VSNT | $4.4 billion | n/a | n/a | n/a | n/a | 0.36 | n/a |
| Telephone & Data Systems Inc. TDS | $3.9 billion | n/a | n/a | n/a | n/a | 0.13 | 0.5% |
| Array Digital Infrastructure, Inc. AD | $2.8 billion | n/a | n/a | n/a | n/a | 0.53 | 134.6% |
| Liberty Global Ltd. LBTYA | $2.7 billion | n/a | -32.9% | -1.8% | 5.4% | 0.90 | n/a |
| Adeia Inc. ADEA | $2.4 billion | 19.86 | 25.7% | 41.6% | 24.3% | 0.81 | 0.9% |
| Calix, Inc. CALX | $2.3 billion | 49.74 | 7.2% | 5.5% | 27.8% | 0.00 | 0.0% |
| IDT Corp. IDT | $2.0 billion | 23.62 | 23.0% | 9.3% | 5.4% | 0.00 | 0.3% |
| Ziff Davis, Inc. ZD | $1.9 billion | 3.10 | 28.8% | 5.5% | -8.5% | 0.39 | n/a |
| Anterix Inc. ATEX | $1.8 billion | 25.95 | 23.0% | 1,011.3% | 18.9% | 0.00 | n/a |
| Liberty Latin America Ltd. LILA | $1.7 billion | n/a | n/a | 14.3% | 1.1% | 15.98 | n/a |
| Uniti Group Inc. UNIT | $1.2 billion | 1.87 | 666.9% | 3.2% | n/a | 65.86 | 0.0% |
| Newsmax Inc. NMAX | $1.0 billion | n/a | -5.7% | -7.4% | 11.1% | 0.00 | n/a |
| Sinclair, Inc. SBGI | $926 million | 17.08 | 13.7% | 6.6% | -6.5% | 10.68 | n/a |
| Liberty Capital Corp. GLIBA | $898 million | n/a | -19.4% | -38.3% | n/a | 0.70 | n/a |
| Shenandoah Telecommunications Co. SHEN | $563 million | n/a | -4.5% | -3.9% | 5.5% | 0.89 | 1.1% |
| Entravision Communications Corp. EVC | $562 million | 608.50 | 5.0% | 3.1% | 71.4% | 1.88 | 3.3% |
| Gray Media, Inc. GTN | $461 million | n/a | -1.2% | 13.8% | -11.3% | 2.73 | 7.1% |
| ATN International, Inc. ATNI | $396 million | 2.50 | n/a | 37.7% | 2.0% | 0.86 | 4.4% |
| Spire Global, Inc. SPIR | $360 million | n/a | -64.8% | -146.7% | -33.1% | 0.00 | n/a |
| Cogent Communications Holdings, Inc. CCOI | $345 million | n/a | n/a | 8.0% | -4.5% | n/a | 15.9% |
| AMC Global Media Inc. AMCX | $325 million | n/a | -2.2% | 2.3% | -4.6% | 1.82 | n/a |
| Gogo Inc. GOGO | $320 million | 236.00 | -0.7% | 11.5% | 30.0% | 6.77 | n/a |
| TechTarget, Inc. TTGT | $255 million | n/a | -35.3% | -46.5% | 25.3% | 0.24 | n/a |
| Spok Holdings, Inc. SPOK | $250 million | 13.44 | 13.0% | 12.9% | -3.3% | 0.00 | 10.4% |
| E.W. Scripps Co. SSP | $243 million | n/a | -1,206.2% | -50.3% | -14.2% | 24.77 | n/a |
| Optimum Communications, Inc. OPTU | $206 million | n/a | n/a | -35.3% | -4.4% | n/a | 0.0% |
| KVH Industries Inc. KVHI | $143 million | n/a | -4.5% | -7.0% | 15.8% | 0.00 | n/a |
| Townsquare Media, Inc. TSQ | $49 million | n/a | n/a | 0.6% | -4.9% | n/a | 27.1% |
| iHeartMedia, Inc. IHRT | $9 million | n/a | n/a | 0.2% | 3.1% | n/a | n/a |
4 companies share its SEC industry code (Radiotelephone Communications); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read more
By market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.Filings
| Filing | Period | Filed | Where |
|---|---|---|---|
| 10-Q | 30 June 2026 | 7 August 2026 | EDGAR |
| 10-Q | 31 March 2026 | 8 May 2026 | EDGAR |
| 10-K/A | 31 December 2025 | 30 March 2026 | EDGAR |
| 10-K | 31 December 2025 | 20 February 2026 | EDGAR |
| 10-Q | 30 September 2025 | 7 November 2025 | EDGAR |
| 10-Q | 30 June 2025 | 11 August 2025 | EDGAR |
| 10-Q | 31 March 2025 | 2 May 2025 | EDGAR |
| 10-K/A | 31 December 2024 | 9 April 2025 | EDGAR |
| 10-K | 31 December 2024 | 21 February 2025 | EDGAR |
| 10-Q | 30 September 2024 | 1 November 2024 | EDGAR |