Array Digital Infrastructure, Inc. (AD)

NYSE: AD · Real-Time Price · USD

35.20

-0.24 (-0.68%)

Aug 5, 2026, 4:00 PM EDT - Market closed

AD Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,075	162.96	102.93	100.47	4,169	4,122
Revenue Growth	6.93%	58.32%	2.45%	-97.59%	1.14%	2.11%
Gross Profit	598.66	83.48	29.94	32.58	2,198	2,214
Operating Income	151.07	-92.53	-260.34	-112.23	69	170
Net Income	207.81	48.76	-39.4	54.46	30	155
Earnings Per Share	2.40	0.56	-0.46	0.63	0.35	1.77
EPS Growth	-	-	-	80.00%	-80.23%	-32.44%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Site Rental	-	154.65	102.61	100.38
Services	-	8.31	0.32	0.09
Revenue (Total)	1,075	162.96	102.93	100.47

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	253.64	113.4	143.73	150	273	156
Total Debt	1,202	1,199	93.14	4,030	4,176	3,749
Net Cash (Debt)	-948.23	-1,086	50.59	-3,880	-3,903	-3,593
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.97	-12.57	0.59	-44.60	-45.38	-41.30

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	65.39	200.84	882.47	866.86	832	802
Capital Expenditures	30.98	-27.2	-18.47	-40.64	-602	-724
Free Cash Flow	96.37	173.64	864	826.22	230	78
Free Cash Flow Growth	-82.80%	-79.90%	4.57%	259.23%	194.87%	-68.55%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	55.67%	51.22%	29.08%	32.43%	52.72%	53.71%
Operating Margin	14.05%	-56.78%	-252.92%	-111.70%	1.66%	4.12%
Pretax Margin	35.40%	86.60%	-96.88%	41.04%	1.73%	4.37%
Profit Margin	21.14%	42.46%	-30.68%	57.65%	0.84%	3.88%
FCF Margin	8.96%	106.55%	839.38%	822.36%	5.52%	1.89%

Dividends

Fiscal Year	Current	FY 2025
Period Ending	Aug '26 Aug 6, 2026	Dec '25 Dec 31, 2025
Dividend Yield	60.37%	42.89%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	14.68	95.00	-	65.94	59.57	17.81
Forward PE	11.00	41.73	66.60	64.15	61.78	16.21
P/FCF Ratio	95.45	26.67	6.18	4.27	7.71	34.75
PS Ratio	16.19	28.42	51.85	35.14	0.43	0.66