Array Digital Infrastructure, Inc. (AD)

AD Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,796	3,770	3,906	4,169	4,122	4,037
Revenue Growth (YoY)	252.49%	-3.48%	-6.31%	1.14%	2.11%	0.37%
Cost of Revenue	1,634	1,630	1,728	1,971	1,908	1,793
Gross Profit	2,162	2,140	2,178	2,198	2,214	2,244
Selling, General & Admin	1,320	1,330	1,368	1,408	1,345	1,368
Operating Expenses	1,986	1,995	2,024	2,108	2,023	2,051
Operating Income	176.08	145	154	90	191	193
Interest Expense	-190.03	-183	-196	-163	-175	-112
Interest & Investment Income	18.19	12	10	8	6	8
Earnings From Equity Investments	185.01	161	158	158	179	179
Other Non Operating Income (Expenses)	30.67	-	-	-	-	-
EBT Excluding Unusual Items	219.91	135	126	93	201	268
Gain (Loss) on Sale of Investments	-	-	-	-	-	2
Gain (Loss) on Sale of Assets	-10.55	-21	-15	-18	-21	-20
Asset Writedown	-47.45	-136	-	-3	-	-
Pretax Income	161.92	-22	111	72	180	250
Income Tax Expense	-28.88	10	53	37	20	17
Earnings From Continuing Operations	190.8	-32	58	35	160	233
Minority Interest in Earnings	-3.93	-7	-4	-5	-5	-4
Net Income	16.23	-39	54	30	155	229
Net Income to Common	16.23	-39	54	30	155	229
Net Income Growth	-	-	80.00%	-80.64%	-32.31%	80.31%
Shares Outstanding (Basic)	86	86	85	85	86	86
Shares Outstanding (Diluted)	88	86	87	86	87	87
Shares Change (YoY)	2.40%	-1.15%	1.16%	-1.15%	-	-1.14%
EPS (Basic)	0.19	-0.45	0.64	0.35	1.80	2.66
EPS (Diluted)	0.18	-0.46	0.63	0.35	1.77	2.62
EPS Growth	-	-	80.00%	-80.23%	-32.44%	81.94%
Free Cash Flow	-17.81	346	258	230	78	248
Free Cash Flow Per Share	-0.20	4.02	2.97	2.67	0.90	2.85
Gross Margin	56.96%	56.76%	55.76%	52.72%	53.71%	55.59%
Operating Margin	4.64%	3.85%	3.94%	2.16%	4.63%	4.78%
Profit Margin	0.43%	-1.03%	1.38%	0.72%	3.76%	5.67%
Free Cash Flow Margin	-0.47%	9.18%	6.60%	5.52%	1.89%	6.14%
EBITDA	841.88	810	810	790	869	876
EBITDA Margin	22.18%	21.49%	20.74%	18.95%	21.08%	21.70%
D&A For EBITDA	665.8	665	656	700	678	683
EBIT	176.08	145	154	90	191	193
EBIT Margin	4.64%	3.85%	3.94%	2.16%	4.63%	4.78%
Effective Tax Rate	-	-	47.75%	51.39%	11.11%	6.80%
Revenue as Reported	3,796	3,770	3,906	4,169	4,122	4,037
Advertising Expenses	-	182	181	171	184	196

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.