SequelSEC

ARRAY DIGITAL INFRASTRUCTURE, INC. AD

Radiotelephone Communications · CIK 0000821130 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$162.96M
Fiscal year ended 2025-12-31
Operating income
-$92.53M
Fiscal year ended 2025-12-31
Free cash flow
$173.64M
Fiscal year ended 2025-12-31

ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) reported revenue of $162.96M and net income of $48.76M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ARRAY DIGITAL INFRASTRUCTURE, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Radiotelephone Communications.

Income

ARRAY DIGITAL INFRASTRUCTURE, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$162.96M$102.93M$100.47M$4.17B$4.12B$4.04B$4.02B$3.97B$3.89B$3.99B
Cost of revenue$79.48M$73.00M$67.89MUnavailableUnavailableUnavailableUnavailableUnavailable$1.07B$1.08B
Gross profit$83.48M$29.94M$32.58MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$92.53M-$260.34M-$112.22M$69.00M$170.00M$173.00M$112.00M$158.00M-$304.00M$48.00M
Net income$48.76M-$39.40M$54.46M$30.00M$155.00M$229.00M$127.00M$150.00M$12.00M$48.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 87.29Mshares 85.63Mshares 86.73Mshares 86.00Mshares 87.00Mshares 87.00Mshares 88.00Mshares 87.00Mshares 86.00Mshares 85.00M
Pretax income$141.12M-$99.72M$41.23M$72.00M$180.00M$250.00M$185.00M$215.00M-$272.00M$82.00M
Income tax expense-$31.15M-$19.26M$32.86M$37.00M$20.00M$17.00M$52.00M$51.00M-$287.00M$33.00M
Diluted EPS$0.56$-0.46$0.63$0.35$1.77$2.62$1.44$1.72$0.14$0.56
Selling, general & administrative$84.44M$102.56M$101.41M$1.41B$1.34B$1.37B$1.41B$1.39B$1.41B$1.48B
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

ARRAY DIGITAL INFRASTRUCTURE, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$113.40M$143.73M$150.00M$273.00M$156.00M$1.27B$285.00M$580.00M$352.00M$586.00M
Total assets$4.68B$10.45B$10.75B$11.12B$10.34B$9.68B$8.16B$7.27B$6.84B$7.11B
Current assets$144.79M$1.34B$1.40B$1.72B$1.60B$2.62B$1.57B$1.81B$1.48B$1.56B
Total liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current liabilities$199.99M$883.77M$901.00M$1.20B$903.00M$871.00M$750.00M$691.00M$733.00M$718.00M
Total equity incl. NCI$2.57B$4.59B$4.64B$4.57B$4.56B$4.43B$4.21B$4.07B$3.69B$3.64B
Temporary (mezzanine) equity$5.90M$15.83M$12.00M$12.00M$11.00M$10.00M$11.00M$11.00M$1.00M$1.00M
InventoryUnavailable$179.00M$199.00M$261.00M$173.00M$146.00M$162.00M$142.00M$138.00M$138.00M
Accounts receivableUnavailable$905.00M$900.00M$985.00M$976.00M$915.00M$919.00M$908.00M$775.00M$658.00M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$0$370.00M
Long-term debt$670.26M$1.20B$3.04B$3.19B$2.73B$2.49B$1.50B$1.60B$1.62B$1.62B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

ARRAY DIGITAL INFRASTRUCTURE, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$200.84M$882.46M$866.86M$832.00M$802.00M$1.24B$724.00M$709.00M$469.00M$501.00M
Capital expenditures$27.20M$18.47M$40.64M$602.00M$724.00M$989.00MUnavailableUnavailableUnavailableUnavailable
Investing cash flow$2.44B-$556.24M-$720.94M-$1.18B-$2.04B-$1.16B-$864.00M-$464.00M-$683.00M-$618.00M
Financing cash flow-$2.68B-$347.00M-$274.29M$456.00M$142.00M$926.00M-$152.00M-$14.00M-$20.00M-$12.00M
Net change in cash-$45.74M-$20.77M-$128.38M$109.00M-$1.09B$1.00B-$292.00M$231.00M-$234.00M-$129.00M
Stock-based compensation$1.82M$2.73M$1.15M$24.00M$27.00M$32.00M$41.00M$37.00M$30.00M$26.00M
Common dividends paid-$1.99B$0$0UnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$21.36M$54.09M$0$43.00M$31.00M$23.00M$21.00M$0$0$5.00M
Depreciation & amortization$39.10M$38.80M$41.70M$682.00M$662.00M$669.00M$689.00M$627.00M$604.00M$607.00M

Derived

ARRAY DIGITAL INFRASTRUCTURE, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow$173.64M$864.00M$826.22M$230.00M$78.00M$248.00MUnavailableUnavailableUnavailableUnavailable
Gross margin51.2%29.1%32.4%UnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-56.8%-252.9%-111.7%1.7%4.1%4.3%2.8%4.0%-7.8%1.2%
FCF margin106.6%839.4%822.4%5.5%1.9%6.1%UnavailableUnavailableUnavailableUnavailable
SBC / revenue1.1%2.7%1.1%0.6%0.7%0.8%1.0%0.9%0.8%0.7%
Current ratio0.72x1.52x1.55x1.44x1.78x3.01x2.10x2.62x2.02x2.17x
Revenue YoY growth58.3%2.5%-97.6%1.1%2.1%0.4%1.4%2.0%-2.5%Unavailable
Net margin29.9%-38.3%54.2%0.7%3.8%5.7%3.2%3.8%0.3%1.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue16.7%17.9%40.4%14.4%17.6%24.5%UnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.26xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate-22.1%Unavailable79.7%51.4%11.1%6.8%28.1%23.7%Unavailable40.2%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AD in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-20View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-02View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2017-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2016-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.