ARRAY DIGITAL INFRASTRUCTURE, INC.
ARRAY DIGITAL INFRASTRUCTURE, INC.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 254 | 113 | 326 | 386 | 182 | 144 | 272 | 195 | 185 | 150 | 153 | 186 | |||||
Other Receivables | 11 | 14 | 10 | 60 | 55 | 11 | 46 | 61 | 53 | 54 | 67 | 65 | |||||
Inventory Net | - | - | - | 126 | 178 | 179 | 161 | 143 | 175 | 199 | 175 | 210 | |||||
Prepaid Expense Current | 3 | 3 | 3 | 53 | 63 | 7 | 55 | 58 | 71 | 57 | 64 | 69 | |||||
Income Taxes Receivable | - | - | - | 1 | - | 0 | 0 | 0 | 0 | 1 | 2 | 4 | |||||
Income Tax Receivable | - | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Assets Of Disposal Group Including Discontinued Op… | - | 0 | 0 | - | - | 1,163 | - | - | - | - | - | - | |||||
Other Assets Current | 4 | 7 | 4 | 21 | 25 | 18 | 21 | 26 | 32 | 36 | 40 | 47 | |||||
Assets Current | 274 | 145 | 352 | 1,509 | 1,373 | 1,345 | 1,427 | 1,374 | 1,395 | 1,400 | 1,393 | 1,500 | |||||
Assets Held For Sale Not Part Of Disposal Group | 732 | 1,592 | 1,585 | - | - | 0 | - | - | - | - | - | - | |||||
Disposal Group Including Discontinued Operation As… | - | - | 0 | - | - | - | - | - | - | - | - | - | |||||
Assets Of Disposal Group Including Discontinued Op… | - | 0 | - | - | 1 | 4,499 | 0 | 0 | 0 | 15 | 16 | 16 | |||||
Indefinite Lived License Agreements | 1,642 | 1,642 | 1,649 | 4,583 | 4,581 | 3,282 | 4,576 | 4,715 | 4,711 | 4,693 | 4,690 | 4,694 | |||||
Investments In Affiliates Subsidiaries Associates … | 435 | 413 | 452 | 444 | 479 | 454 | 478 | 461 | 482 | 461 | 477 | 457 | |||||
Property Plant And Equipment Gross | - | 1,079 | 1,071 | 8,477 | 8,417 | 1,038 | 8,402 | 8,294 | 8,321 | 9,560 | 9,571 | 9,491 | |||||
Property Plant And Equipm… | |||||||||||||||||
Property Plant And Equipment Net | 387 | 389 | 387 | 2,313 | 2,394 | 384 | 2,504 | 2,540 | 2,540 | 2,576 | 2,593 | 2,640 | |||||
Operating Lease Right Of Use Asset | 473 | 473 | 478 | 922 | 925 | 465 | 912 | 906 | 910 | 915 | 914 | 912 | |||||
Other Assets Noncurrent | 22 | 25 | 15 | 606 | 612 | 20 | 619 | 643 | 666 | 690 | 666 | 670 | |||||
Assets | 3,965 | 4,678 | 4,918 | 10,377 | 10,365 | 10,449 | 10,516 | 10,639 | 10,704 | 10,750 | 10,749 | 10,889 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Long Term Debt And Capital Lease Obligations Curre… | 6 | 4 | 2 | 28 | 26 | 22 | 20 | 20 | 20 | 20 | 18 | 54 | |||||
Accounts Payable Current | |||||||||||||||||
Accounts Payable Trade Current | 26 | 28 | 58 | 204 | 198 | 27 | 266 | 261 | 224 | 241 | 406 | 240 | |||||
Contract With Customer Liability Current | 45 | 86 | 122 | 225 | 231 | 2 | 225 | 236 | 235 | 229 | 222 | 231 | |||||
Taxes Payable Current | 132 | 17 | 290 | 37 | 57 | 27 | 63 | 41 | 49 | 32 | 35 | 32 | |||||
Employee Related Liabilities Current | 1 | 4 | 5 | 54 | 33 | 89 | 66 | 57 | 32 | 83 | 61 | 54 | |||||
Operating Lease Liability Current | 16 | 15 | 16 | 137 | 140 | 16 | 139 | 134 | 134 | 135 | 135 | 134 | |||||
Liabilities Of Disposal Group Including Discontinu… | 20 | 20 | 20 | - | - | 672 | - | - | - | - | - | - | |||||
Other Liabilities Current | 14 | 15 | 15 | 109 | 113 | 19 | 124 | 130 | 138 | 154 | 148 | 254 | |||||
Liabilities Current | 266 | 200 | 539 | 808 | 807 | 884 | 909 | 886 | 837 | 901 | 1,031 | 1,008 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | 0 | 0 | - | - | 2,311 | - | - | - | - | - | - | |||||
Liabilities Noncurrent | |||||||||||||||||
Deferred Income Tax Liabilities Net | 321 | 387 | 321 | 719 | 720 | 728 | 719 | 765 | 758 | 755 | 749 | 732 | |||||
Operating Lease Liability Noncurrent | 512 | 510 | 513 | 825 | 824 | 496 | 813 | 822 | 827 | 831 | 834 | 836 | |||||
Other Liabilities Noncurrent | 333 | 336 | 336 | 576 | 570 | 221 | 579 | 573 | 564 | 565 | 601 | 607 | |||||
Long Term Debt And Capital Lease Obligations | 668 | 670 | 672 | 2,819 | 2,829 | 1,202 | 2,882 | 2,887 | 3,029 | 3,044 | 2,903 | 3,105 | |||||
Redeemable Noncontrolling Interest Equity Other Ca… | - | 0 | 0 | 16 | 16 | 16 | 16 | 16 | 16 | 12 | 12 | 12 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | |||||
Additional Paid In Capital | 1,796 | 1,795 | 1,795 | 1,812 | 1,800 | 1,782 | 1,764 | 1,752 | 1,740 | 1,726 | 1,717 | 1,710 | |||||
Treasury Stock Value | -84 | -86 | 86 | -102 | -125 | -112 | -83 | -58 | -80 | -80 | -80 | -80 | |||||
Retained Earnings Accumulated Deficit | 59 | 770 | 732 | 2,802 | 2,822 | 2,818 | 2,813 | 2,893 | 2,910 | 2,892 | 2,878 | 2,855 | |||||
Stockholders Equity | 1,865 | 2,568 | 2,537 | 4,600 | 4,585 | 4,577 | 4,598 | 4,675 | 4,673 | 4,626 | 4,603 | 4,589 | |||||
Minority Interest | 6 | 7 | 7 | 14 | 14 | 15 | 16 | 15 | 15 | 16 | 16 | 16 | |||||
Liabilities And Stockholders Equity | 3,965 | 4,678 | 4,918 | 10,377 | 10,365 | 10,449 | 10,516 | 10,639 | 10,704 | 10,750 | 10,749 | 10,889 | |||||
Variable Interest Entity Primary Beneficiary | 43 | 45 | -832 | -174 | 1,050 | 193 | -39 | -59 | 1,145 | 1,217 | -143 | -112 | |||||
Common Class A | 33 | 33 | 0 | 0 | 33 | 50 | 0 | 0 | 33 | 50 | -0 | 0 | |||||
Common Class B | 53 | 53 | 0 | 1 | 52 | 140 | 0 | 1 | 52 | 140 | -0 | 1 | |||||
Assets Held | 43 | 45 | -832 | -174 | 1,050 | 193 | -39 | -59 | 1,145 | 1,217 | -143 | -112 | |||||
Nonrecourse | 11 | 11 | -17 | 2 | 26 | 25 | -2 | 1 | 25 | 26 | -1 | -2 | |||||
Allowance For Doubtful Accounts Receivable Current | - | - | - | 55 | 58 | 63 | 59 | 61 | 62 | 66 | 62 | 66 | |||||
Related Party | 2 | 7 | 8 | -6 | 7 | 1 | 1 | -2 | 2 | 3 | -3 | 9 | |||||
Receivables Net Current | |||||||||||||||||
Accounts Receivable Net Current | - | - | - | 861 | 863 | 905 | 871 | 891 | 877 | 900 | 890 | 917 | |||||
Allowance For Doubtful Other Receivables Current | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 3 | 3 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 698 | 690 | 684 | 6,164 | 6,023 | 654 | 5,898 | 5,754 | 5,781 | 6,984 | 6,978 | 6,851 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Shares Authorized | 190 | 190 | 190 | 190 | 190 | 190 | 190 | 190 | 190 | 190 | 190 | 190 | |||||
Common Stock Shares Issued | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | |||||
Shares Outstanding | 86 | 86 | 86 | 86 | 85 | 85 | 86 | 86 | 85 | 85 | 85 | 85 | |||||
Variable Interest Entitie… | |||||||||||||||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.80% | -15.85% | -20.82% | - | - | - | - | - | - | - | - | - |
| 2025 | -3.16% | -4.68% | 8.61% | -2.17% | -5.59% | -8.54% | 6.08% | 15.49% | 24.54% | -2.15% | 0.35% | 13.19% |
| 2024 | 26.04% | 55.34% | 67.45% | 7.57% | 7.05% | 22.23% | 13.05% | 7.97% | 11.41% | -0.06% | 0.70% | -3.49% |
| 2023 | - | - | - | 16.77% | 20.50% | 23.49% | -1.07% | -11.88% | -3.00% | 2.58% | 2.96% | -1.10% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.03 | 0.72 | 0.65 | 1.87 | 1.70 | 1.52 | 1.57 | 1.55 | 1.67 | 1.55 | 1.35 | 1.49 | |||||
| Quick Ratio | 1.02 | 0.71 | 0.65 | 1.65 | 1.40 | 1.31 | 1.33 | 1.32 | 1.37 | 1.27 | 1.12 | 1.21 | |||||
| Working Capital | 8.46M | -55.20M | -186.79M | 701.00M | 566.00M | 461.10M | 518.00M | 488.00M | 558.00M | 499.00M | 362.00M | 492.00M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.14 | 0.08 | 0.21 | 0.18 | 0.18 | 0.19 | 0.20 | 0.19 | 0.18 | 0.19 | 0.22 | 0.22 | |||||
| Interest Coverage TTM | 1.08 | -1.07 | -1.71 | -2.58 | -2.57 | -1.51 | -0.36 | 0.89 | 0.85 | 0.71 | 0.46 | 0.10 | |||||
| Debt Ratio | 0.07 | 0.04 | 0.11 | 0.08 | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.10 | 0.09 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.03 | 0.02 | -0.10 | -0.08 | -0.08 | 0.01 | 0.27 | 0.36 | 0.36 | 0.36 | 0.36 | 0.37 | |||||
| Days Sales Outstanding TTM | - | - | - | -384.73 | -387.22 | 3,200.26 | 110.72 | 85.93 | 85.69 | 88.07 | 86.61 | 84.42 | |||||
| Receivables Turnover TTM | - | - | - | -0.95 | -0.94 | 0.11 | 3.30 | 4.25 | 4.26 | 4.14 | 4.21 | 4.32 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.63 | 0.79 | 0.28 | -0.18 | -0.34 | -0.37 | -0.37 | 0.80 | 0.66 | 0.62 | 0.12 | -0.29 | |||||
| Free Cash Flow Per Share TTM | -2.60 | -0.97 | 2.82 | 5.15 | 5.08 | 4.10 | 2.65 | 5.41 | 5.68 | 3.04 | 2.96 | -0.25 | |||||
| Dividend Per Share TTM | 0.31 | 0.32 | 0.32 | 0.04 | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 | 0.02 | 0.04 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 54.89% | 51.22% | 89.26% | 89.21% | 88.69% | 29.08% | 80.60% | 80.99% | 80.88% | 81.05% | 81.34% | 81.60% | |||||
| Operating Profit Margin TTM | 52.07% | -56.78% | 29.04% | 41.15% | 41.58% | -252.92% | -1.76% | 4.32% | 4.24% | 3.56% | 2.28% | 0.44% | |||||
| Net Profit Margin TTM | 121.02% | 42.46% | -2.97% | 1.91% | 3.65% | -30.68% | -1.08% | 1.82% | 1.50% | 1.38% | 0.25% | -0.61% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -122.92% | 58.32% | -127.89% | -121.64% | -121.19% | -97.36% | -26.61% | -5.77% | -6.63% | -6.31% | -5.59% | -1.14% | |||||
| Net Income Growth (1Y) | -861.03% | -319.12% | -176.55% | -122.70% | -151.54% | -158.48% | -413.81% | -380.00% | -825.00% | 80.00% | -89.25% | -117.99% | |||||
| EPS Growth (1Y) | -849.77% | -318.42% | -176.18% | -122.70% | -151.46% | -158.05% | -410.77% | -376.74% | -825.00% | 80.00% | -89.25% | -118.20% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 13.84 | 43.64 | 117.71 | -158.25 | -90.04 | -77.76 | -68.34 | 31.35 | 24.45 | 29.89 | 166.98 | -27.40 | |||||
| P/B TTM | 1.69 | 1.17 | 1.11 | 0.55 | 0.59 | 0.53 | 0.47 | 0.47 | 0.30 | 0.35 | 0.36 | 0.15 | |||||
| P/S TTM | 16.75 | 18.53 | -3.49 | -3.03 | -3.28 | 23.85 | 0.74 | 0.57 | 0.37 | 0.41 | 0.42 | 0.17 | |||||
| Market Cap | 3.15B | 3.02B | 2.83B | 2.52B | 2.69B | 2.46B | 2.14B | 2.19B | 1.42B | 1.61B | 1.67B | 685.09M | |||||
| Enterprise Value | 3.57B | 3.58B | 3.18B | 4.96B | 5.35B | 3.52B | 4.76B | 4.89B | 4.26B | 4.50B | 4.41B | 3.62B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -224.93M | -83.17M | 243.38M | 442.74M | 432.50M | 350.74M | 227.85M | 465.00M | 483.00M | 258.00M | 252.00M | -21.00M | |||||
| Net Debt | 420.96M | 560.92M | 348.31M | 2.45B | 2.65B | 1.06B | 2.61B | 2.69B | 2.84B | 2.89B | 2.74B | 2.94B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) — SEC Financial Statements & Analysis
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) is a radiotelephone communications company, incorporated in DE. ARRAY DIGITAL INFRASTRUCTURE, INC. trades on UZF: NYSE as: AD: NYSE, UZD: NYSE, UZE: NYSE. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), ARRAY DIGITAL INFRASTRUCTURE, INC. reported a -122.92% year-over-year revenue growth, a Gross Profit Margin of 54.89% (TTM), a Debt-to-Equity ratio of 0.14x, a Price-to-Sales (P/S) ratio of 16.75x (TTM), a Price-to-Book (P/B) ratio of 1.69 (TTM), at a market cap of $3.15B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -122.92%
- Gross Profit Margin TTM
- 54.89%
- Debt To Equity
- 0.14x
- P/S TTM
- 16.75x
- P/B TTM
- 1.69
- Market Cap
- $3.15B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is ARRAY DIGITAL INFRASTRUCTURE, INC. in?
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) operates in the Radiotelephone Communications industry.
What is AD's market cap?
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) has a market capitalization of $3.15B as of 2026-03-31.
What is AD's P/E ratio?
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)'s trailing twelve month P/E ratio is 13.84x as of 2026-03-31.
What exchange does AD trade on?
ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) trades on the UZF: NYSE.
Where is ARRAY DIGITAL INFRASTRUCTURE, INC. incorporated?
ARRAY DIGITAL INFRASTRUCTURE, INC. is incorporated in DE.