Array Digital Infrastructure, Inc. (AD)
Array Digital Infrastructure, Inc. brought in -$1.5B of revenue over the twelve months to September 30, 2026, down 154.8% from a year earlier. Operating cash flow minus capital spending left $173.6M of free cash flow in fiscal 2025. At September 30, 2026 it held $233.6M in cash against $673.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Array Digital Infrastructure, Inc.
- Net worth
- Array Digital Infrastructure, Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $163M (-95.6% year on year), with net income of $48.8M.
- Cash flow
- In fiscal 2025 operations brought in $200.8M of cash; after $27.2M of capital spending, free cash flow was $173.6M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Array Digital Infrastructure, Inc.'s next report is expected around February 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Array Digital Infrastructure, Inc. paid dividends of $23.00 per share in fiscal 2025, a yield of 79.47% at the current price.
What Array Digital Infrastructure, Inc. does
Array Digital Infrastructure, Inc. is registered with the SEC under industry code SIC 4812 (Radiotelephone Communications). Its shares trade on NYSE under the ticker AD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $163M | $48.8M | $0.56 | $173.6M |
| 2024 | $3.7B | -$39.4M | -$0.46 | $864M |
| 2023 | $3.8B | $54.5M | $0.63 | $826.2M |
| 2022 | $4.2B | $30M | $0.35 | $230M |
| 2021 | $4.1B | $155M | $1.77 | $78M |
| 2020 | $4B | $229M | $2.62 | $248M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AD ranks in Telecommunications
Dividends
Array Digital Infrastructure, Inc. paid $23.00 per share in fiscal 2025. At the current price that is a yield of 79.47%. It paid out $2B in cash dividends, 4,075% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $23.00 | $2B | 4,075% |
| 2024 | n/a | $0 | n/a |
| 2023 | n/a | $0 | 0% |
| 2013 | $5.75 | $482.3M | n/a |
Latest SEC filings
What Array Digital Infrastructure, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 14% to $53.9M versus the same quarter last year; diluted EPS $0.80 versus -$0.44.
- November 6, 2026
- September 23, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 94% to $54.1M versus the same quarter last year; diluted EPS $4.15 versus $0.36.
- August 7, 2026
- August 3, 2026Passive stake changed SCHEDULE 13G/A
- June 1, 2026
- May 21, 2026
- May 14, 2026Passive stake (5% or more) SCHEDULE 13G
- May 8, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 94% to $52M versus the same quarter last year; diluted EPS $2.06 versus $0.21.
What is AD worth? A DCF from its reported cash flow
Insider trades
What the people running Array Digital Infrastructure, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $260.9K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 11, 2026 | Harczak Harry J JrDirector | Sold | 4,709 | $179.8K |
| September 11, 2026 | Harczak Harry J JrDirector | Sold | 2,123 | $81.1K |
| May 19, 2026 | Harczak Harry J JrDirector | Received as pay | 1,873 | $95.4K |
| May 19, 2026 | Williams XavierDirector | Received as pay | 1,873 | $95.4K |
| May 19, 2026 | Iriarte Esteban CDirector | Received as pay | 1,873 | $95.4K |
| April 3, 2026 | Carlson Anthony JPresident and CEO, Director | Exercised options | 1,742 | $83.6K |
| April 3, 2026 | Carlson Anthony JPresident and CEO, Director | Shares withheld for tax | 511 | $24.5K |
| April 3, 2026 | Carlson Anthony JPresident and CEO, Director | Exercised options | 4,150 | $199.2K |
Who owns AD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Hawk Ridge Capital Management LP13G, passive with 4 related filers | 5.1% | September 23, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 137 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Dimensional Fund Advisors LP | 2,269,157 | -30,425 |
| Hawk Ridge Capital Management LP | 1,817,469 | new |
| Jericho Capital Asset Management L.P. | 1,815,844 | 0 |
| Madison Avenue Partners, LP | 1,109,463 | new |
| Gamco Investors, Inc. ET AL | 825,262 | -19,300 |
| American Century Companies Inc | 766,133 | +159,354 |
| Bank of America Corp | 740,572 | -1,792,445 |
| Loomis Sayles & Co L P | 707,437 | -33,044 |
| Oaktree Capital Management LP | 696,858 | -27,586 |
| Vanguard Capital Management LLC | 695,357 | +13,245 |
| Vanguard Portfolio Management LLC | 657,463 | -9,820 |
| Newtyn Management, LLC | 597,090 | -1,019,766 |
| Gabelli Funds LLC | 545,150 | +3,200 |
| Goldman Sachs Group Inc | 473,069 | +375,198 |
| BlackRock, Inc. | 400,915 | +29,019 |
| Qube Research & Technologies Ltd | 375,967 | -25,976 |
| State Street Corp | 254,423 | +8,670 |
| Knightsbridge Asset Management, LLC | 202,992 | +92,371 |
| Aberdeen Group plc | 230,410 | -26,590 |
| Tiptree Advisors, LLC | 203,115 | +50,000 |
Insiders
4 insiders reported holding 47,669 shares in total, about $1.4M at the last price.
| Holder | Shares |
|---|---|
| Harczak Harry J JrDirector | 14,415 |
| Carlson Anthony JPresident and CEO, Director | 13,093 |
| Iriarte Esteban CDirector | 11,426 |
| Williams XavierDirector | 8,735 |
Questions about AD
What does Array Digital Infrastructure, Inc. do?
Array Digital Infrastructure, Inc. is a company in the Telecommunications sector, listed on NYSE as AD. Its shares trade on NYSE under the ticker AD.
What is Array Digital Infrastructure, Inc.'s net worth?
Array Digital Infrastructure, Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $1.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Array Digital Infrastructure, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $642.8M.
How much revenue does Array Digital Infrastructure, Inc. make?
Over the twelve months to September 30, 2026 Array Digital Infrastructure, Inc. reported revenue of -$1.5B. That is 154.8% less than a year earlier.
When did Array Digital Infrastructure, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026.
When is Array Digital Infrastructure, Inc.'s next earnings report?
Array Digital Infrastructure, Inc.'s next report is expected around February 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Array Digital Infrastructure, Inc. pay a dividend?
Yes. Array Digital Infrastructure, Inc. paid dividends of $23.00 per share in fiscal 2025, a yield of 79.47% at the current price.
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Where the numbers come from
Financial figures are the values Array Digital Infrastructure, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.