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Array Digital Infrastructure, Inc. (AD) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Communication Services · Telecom Services · DATA UPDATED 2026-07-26

Array Digital Infrastructure, Inc. (AD) operates in the Telecom Services industry and is headquartered in Chicago, United States with about 60 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, AD reported $163M in revenue and $49M in net income.

Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services.

Interactive charts & full statements → Open the AD valuation workbench →

AD Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$163M$103M$100M$4.2B
Gross Profit$84M$30M$33M$2.2B
Operating Income (EBIT)($49M)($120M)($119M)$90M
Net Income$49M($39M)$54M$30M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AD Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$52M$60M$47M$916M$27M
Gross Profit$30M$38M$26M$524M$11M
Operating Income (EBIT)$5M$10M($6M)$33M($30M)
Net Income$178M$38M($38M)$31M$18M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AD Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($2.0B)$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AD Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($886M)$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AD Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$4.7B$10.4B$10.8B$11.1B
Total Liabilities$2.1B$5.8B$6.1B$6.5B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AD viewer.

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