Array Digital Infrastructure, Inc. (AD)
Communication Services · Telecom Services · NYSE
Array Digital Infrastructure, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.99B | $3.89B | $3.97B | $4.02B | $4.04B | $4.12B | $4.17B | $100.47M | $102.93M | $162.96M |
| Gross profit | $2.91B | $2.82B | — | — | — | — | $2.20B | $32.58M | $29.94M | $83.48M |
| Net income | $48.00M | $12.00M | $150.00M | $127.00M | $229.00M | $155.00M | $30.00M | $54.46M | $-39.40M | $48.76M |
| Net margin | 1.2% | 0.3% | 3.8% | 3.2% | 5.7% | 3.8% | 0.7% | 54.2% | -38.3% | 29.9% |
Source: Array Digital Infrastructure, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into AD stock?
At today's market cap of $3.48B, Array Digital Infrastructure, Inc. is priced for free-cash-flow growth of about 8.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $169.46M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.3%/yr over the last five fiscal years and revenue -47.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Array Digital Infrastructure, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeArray Digital Infrastructure, Inc. financial history by metric
About Array Digital Infrastructure, Inc.
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. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.
Array Digital Infrastructure, Inc. — frequently asked questions
What is Array Digital Infrastructure, Inc.'s revenue?
Array Digital Infrastructure, Inc. (AD) reported revenue of $162.96M for fiscal year 2025, up 58.3% from the prior year, according to its SEC filings.
Is Array Digital Infrastructure, Inc. profitable?
Yes. AD earned net income of $48.76M in fiscal 2025, a net margin of 29.9%.
What is AD's P/E ratio?
Array Digital Infrastructure, Inc. trades at a price-to-earnings ratio of about 10.1 based on the latest data in our nightly-refreshed cache.
How fast is Array Digital Infrastructure, Inc. growing?
AD's revenue grew at roughly -47.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Array Digital Infrastructure, Inc. have?
As of fiscal year 2025, AD carried roughly $674.32M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Array Digital Infrastructure, Inc.'s gross margin?
AD's gross margin was 51.2% in fiscal 2025 — gross profit of $83.48M on revenue of $162.96M.
What is Array Digital Infrastructure, Inc.'s market cap?
Array Digital Infrastructure, Inc. (AD) has a market capitalization of about $3.48B, based on the latest data in our nightly-refreshed cache.
When does Array Digital Infrastructure, Inc.'s fiscal year end?
AD's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into AD stock?
At today's market cap of $3.48B, Array Digital Infrastructure, Inc. is priced for free-cash-flow growth of about 8.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $169.46M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -7.3%/yr over the last five fiscal years and revenue -47.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Array Digital Infrastructure, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.