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Stocks · Communication · Radiotelephone Communications

ARRAY DIGITAL INFRASTRUCTURE, INC.

AD Clue Score53
United States Fiscal year ends December CIK 0000821130
$33.39 -0.80% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $33.39 +7.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.99Operating income0.05Net income0.05EPS, diluted0.56Fiscal year 2017Revenue3.89 −2.5%Operating income−0.30Net income0.01 −75.0%EPS, diluted0.14 −75.0%Fiscal year 2018Revenue3.90 +0.3%Operating income0.16Net income0.15 +1,150.0%EPS, diluted1.72 +1,128.6%Fiscal year 2019Revenue3.95 +1.2%Operating income0.11Net income0.13 −15.3%EPS, diluted1.44 −16.3%Fiscal year 2020Revenue3.96 +0.3%Operating income0.17Net income0.23 +80.3%EPS, diluted2.62 +81.9%Fiscal year 2021Revenue4.04 +2.0%Operating income0.17Net income0.16 −32.3%EPS, diluted1.77 −32.4%Fiscal year 2022Revenue4.08 +0.9%Operating income0.07Net income0.03 −80.6%EPS, diluted0.35 −80.2%Fiscal year 2023Revenue3.81 −6.6%Operating income−0.11Net income0.05 +81.5%EPS, diluted0.63 +80.0%Fiscal year 2024Revenue3.67 −3.6%Operating income−0.26Net income−0.04 −172.4%EPS, diluted−0.46 −173.0%Fiscal year 2025Revenue0.16 −95.6%Operating income−0.09Net income0.05EPS, diluted0.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.99 3.89 3.90 3.95 3.96 4.04 4.08 3.81 3.67 0.16
Growth −2.5% +0.3% +1.2% +0.3% +2.0% +0.9% −6.6% −3.6% −95.6%
Operating income 0.05 −0.30 0.16 0.11 0.17 0.17 0.07 −0.11 −0.26 −0.09
Net income 0.05 0.01 0.15 0.13 0.23 0.16 0.03 0.05 −0.04 0.05
Growth −75.0% +1,150.0% −15.3% +80.3% −32.3% −80.6% +81.5% −172.4%
EPS, diluted 0.56 0.14 1.72 1.44 2.62 1.77 0.35 0.63 −0.46 0.56
Growth −75.0% +1,128.6% −16.3% +81.9% −32.4% −80.2% +80.0% −173.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin1.2%Net margin1.2%Free cash flow margin1.5%Fiscal year 2017Operating margin−7.8%Net margin0.3%Free cash flow margin0.1%Fiscal year 2018Operating margin4.1%Net margin3.8%Free cash flow margin5.0%Fiscal year 2019Operating margin2.8%Net margin3.2%Free cash flow margin1.9%Fiscal year 2020Operating margin4.4%Net margin5.8%Free cash flow margin6.3%Fiscal year 2021Operating margin4.2%Net margin3.8%Free cash flow margin1.9%Fiscal year 2022Operating margin1.7%Net margin0.7%Free cash flow margin5.6%Fiscal year 2023Operating margin−2.9%Net margin1.4%Free cash flow margin21.7%Fiscal year 2024Operating margin−7.1%Net margin−1.1%Free cash flow margin23.6%Fiscal year 2025Operating margin−56.8%Net margin29.9%Free cash flow margin106.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 1.2% −7.8% 4.1% 2.8% 4.4% 4.2% 1.7% −2.9% −7.1% −56.8%
Net margin 1.2% 0.3% 3.8% 3.2% 5.8% 3.8% 0.7% 1.4% −1.1% 29.9%
Free cash flow margin 1.5% 0.1% 5.0% 1.9% 6.3% 1.9% 5.6% 21.7% 23.6% 106.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.50Capital expenditure−0.44Free cash flow0.06Buybacks−0.01Fiscal year 2017Operating cash flow0.47Capital expenditure−0.47Free cash flow0.00 −93.1%Buybacks0.00Fiscal year 2018Operating cash flow0.71Capital expenditure−0.51Free cash flow0.20 +4,825.0%Buybacks0.00Fiscal year 2019Operating cash flow0.72Capital expenditure−0.65Free cash flow0.07 −62.4%Buybacks−0.02Fiscal year 2020Operating cash flow1.24Capital expenditure−0.99Free cash flow0.25 +235.1%Buybacks−0.02Fiscal year 2021Operating cash flow0.80Capital expenditure−0.72Free cash flow0.08 −68.5%Buybacks−0.03Fiscal year 2022Operating cash flow0.83Capital expenditure−0.60Free cash flow0.23 +194.9%Buybacks−0.04Fiscal year 2023Operating cash flow0.87Capital expenditure−0.04Free cash flow0.83 +259.2%Buybacks0.00Fiscal year 2024Operating cash flow0.88Capital expenditure−0.02Free cash flow0.86 +4.6%Buybacks−0.05Fiscal year 2025Operating cash flow0.20Capital expenditure−0.03Free cash flow0.17 −79.9%Buybacks−0.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.50 0.47 0.71 0.72 1.24 0.80 0.83 0.87 0.88 0.20
Capital expenditure −0.44 −0.47 −0.51 −0.65 −0.99 −0.72 −0.60 −0.04 −0.02 −0.03
Free cash flow 0.06 0.00 0.20 0.07 0.25 0.08 0.23 0.83 0.86 0.17
Growth −93.1% +4,825.0% −62.4% +235.1% −68.5% +194.9% +259.2% +4.6% −79.9%
Buybacks −0.01 0.00 0.00 −0.02 −0.02 −0.03 −0.04 0.00 −0.05 −0.02

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.59Shareholders’ equity3.63Fiscal year 2017Cash0.35Shareholders’ equity3.68Fiscal year 2018Cash0.58Shareholders’ equity4.06Fiscal year 2019Cash0.29Shareholders’ equity4.20Fiscal year 2020Cash1.27Shareholders’ equity4.41Fiscal year 2021Cash0.16Shareholders’ equity4.55Fiscal year 2022Cash0.27Shareholders’ equity4.55Fiscal year 2023Cash0.15Shareholders’ equity4.63Fiscal year 2024Cash0.14Shareholders’ equity4.58Fiscal year 2025Cash0.11Shareholders’ equity2.57
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.59 0.35 0.58 0.29 1.27 0.16 0.27 0.15 0.14 0.11
Shareholders’ equity 3.63 3.68 4.06 4.20 4.41 4.55 4.55 4.63 4.58 2.57

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
3.99 3.89 3.90 3.95 3.96 4.04 4.08 3.81 3.67 0.16
Growth −2.5% +0.3% +1.2% +0.3% +2.0% +0.9% −6.6% −3.6% −95.6%
n/a n/a n/a n/a n/a n/a n/a 0.07 0.07 0.08
1.48 1.41 1.39 1.41 1.37 1.35 1.41 0.10 0.10 0.08
0.05 −0.30 0.16 0.11 0.17 0.17 0.07 −0.11 −0.26 −0.09
Growth −733.3% −29.1% +54.5% −1.7% −59.4% −262.6%
0.08 −0.27 0.22 0.19 0.25 0.18 0.07 0.04 −0.10 0.14
0.03 −0.29 0.05 0.05 0.02 0.02 0.04 0.03 −0.02 −0.03
0.05 0.01 0.15 0.13 0.23 0.16 0.03 0.05 −0.04 0.05
Growth −75.0% +1,150.0% −15.3% +80.3% −32.3% −80.6% +81.5% −172.4%
Per share
0.56 0.14 1.75 1.47 2.66 1.80 0.35 0.64 −0.46 0.57
0.56 0.14 1.72 1.44 2.62 1.77 0.35 0.63 −0.46 0.56
Growth −75.0% +1,128.6% −16.3% +81.9% −32.4% −80.2% +80.0% −173.0%
85.0 85.0 86.0 86.0 86.0 86.0 85.0 85.2 85.6 85.9
85.0 86.0 87.0 88.0 87.0 87.0 86.0 86.7 85.6 87.3
Growth +1.2% +1.2% +1.1% −1.1% +0.0% −1.1% +0.9% −1.3% +1.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 47.2% a year over five years, and earnings per share fell 26.6% a year.
  • The share count barely moved in five years.
  • Operating margin is down 61.2 points on five years ago, at -56.8%.
  • A net loss in 1 of 10 years on file.