Array Digital Infrastructure, Inc. (AD)
NYSE · Radiotelephone Communications · Transportation, communications and utilities · CIK 821130 · fiscal year ends in Dec
Closing price $32.88 on 30 Oct 2026; 52-week range $31.77 to $60.28.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Market value
- $2.8B
- Dividend yield
- 134.6%
- Cash
- $416.4M
- Debt
- $674.9M
- Debt to equity
- 0.53
- Shares outstanding
- 86.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $163.0M | -$92.5M | $48.8M | $0.56 | $173.6M | 10-K filed 20 Feb 2026 |
| FY2024 | 31 Dec 2024 | $102.9M | -$260.3M | -$39.4M | -$0.46 | $864.5M | 10-K filed 21 Feb 2025 |
| FY2023 | 31 Dec 2023 | $100.5M | -$112.2M | $54.5M | $0.63 | $825.4M | 10-K filed 16 Feb 2024 |
| FY2022 | 31 Dec 2022 | $4.2B | $69.0M | $30.0M | $0.35 | $230.0M | 10-K filed 16 Feb 2023 |
| FY2021 | 31 Dec 2021 | $4.1B | $170.0M | $155.0M | $1.77 | $78.0M | 10-K filed 17 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $54.1M | $358.7M | $4.15 |
| Q1 FY2026 | 31 Mar 2026 | $52.0M | $177.8M | $2.06 |
| Q4 FY2025 | 31 Dec 2025 | – | – | – |
| Q3 FY2025 | 30 Sep 2025 | $47.1M | -$38.5M | -$0.44 |
| Q2 FY2025 | 30 Jun 2025 | $28.5M | $31.5M | $0.36 |
| Q1 FY2025 | 31 Mar 2025 | $27.0M | $18.2M | $0.21 |
| Q4 FY2024 | 31 Dec 2024 | $971.0M | $5.0M | $0.05 |
| Q3 FY2024 | 30 Sep 2024 | $25.7M | -$79.0M | -$0.92 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Site rental | $154.7M | 94.9% |
| Services | $8.3M | 5.1% |
Company events
The newest 8-K filings of 312 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 7 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 1 Jun 2026 | 8-K | Deal completed, Other events | 2.01, 8.01, 9.01 |
| 21 May 2026 | 8-K | Shareholder vote | 5.07 |
| 8 May 2026 | 8-K | Results | 2.02, 9.01 |
| 8 May 2026 | 8-K | Other events | 8.01, 9.01 |
| 24 Mar 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 20 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 13 Jan 2026 | 8-K | Deal completed, Other events | 2.01, 8.01, 9.01 |
| 12 Dec 2025 | 8-K | Material agreement | 1.01, 9.01 |
| 7 Nov 2025 | 8-K | Leadership change | 5.02, 9.01 |
| 7 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 10 Oct 2025 | 8-K | Shareholder vote | 5.07 |
Every filing
The newest filings with the SEC of 765 held.
| Filed | Form | Period |
|---|---|---|
| 7 Aug 2026 | 10-Q | 30 Jun 2026 |
| 7 Aug 2026 | 8-K | 7 Aug 2026 |
| 1 Jun 2026 | 8-K | 1 Jun 2026 |
| 21 May 2026 | 8-K | 19 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 8 May 2026 | 8-K | 8 May 2026 |
| 8 May 2026 | 8-K | 8 May 2026 |
| 7 Apr 2026 | ARS | 31 Dec 2025 |
| 7 Apr 2026 | DEFA14A | – |
| 7 Apr 2026 | DEF 14A | 19 May 2026 |
| 30 Mar 2026 | 10-K/A | 31 Dec 2025 |
| 24 Mar 2026 | 8-K | 22 Mar 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 11 Sep 2026 | Harczak Harry J Jr, Director | Sale outside a trading plan | 4,709 | $38.18 | $179.8K | 16,538 | 15 Sep 2026 |
| 11 Sep 2026 | Harczak Harry J Jr, Director | Sale outside a trading plan | 2,123 | $38.21 | $81.1K | 14,415 | 15 Sep 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 16 Sep 2026 | HARCZAK HARRY J JR, Director | 6,832 | $260.9K | 11 Sep 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 23 Sep 2026 | HAWK RIDGE CAPITAL MANAGEMENT LP | 13G | 5.1% | 2.7M |
| 2 Sep 2026 | Telephone and Data Systems, Inc. | 13D amended | 81.9% | 70.8M |
| 3 Aug 2026 | BANK OF AMERICA CORP /DE/ | 13G amended | 1.4% | 743.0K |
| 14 May 2026 | BANK OF AMERICA CORP /DE/ | 13G | 5.7% | 3.1M |
| 8 May 2026 | Telephone and Data Systems, Inc. | 13D amended | 81.9% | 70.8M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.4M | +12.16% | 6.5 |
| 30 Sep 2026 | 1.3M | -0.41% | 4.05 |
| 15 Sep 2026 | 1.3M | -18.01% | 4.94 |
| 31 Aug 2026 | 1.6M | -17.08% | 8.34 |
| 14 Aug 2026 | 1.9M | -3.46% | 12.1 |
| 31 Jul 2026 | 1.9M | -4.17% | 14.81 |
| 15 Jul 2026 | 2.0M | +31.24% | 6.23 |
| 30 Jun 2026 | 1.6M | +6.67% | 3.28 |
Funds that hold it
From each fund's latest Form 13F.
174 funds held it at 30 Jun 2026: 60 added and 45 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Dimensional Fund Advisors LP | 2,269,157 | $82.3M | -30,425 |
| Hawk Ridge Capital Management LP | 1,817,469 | $65.9M | +1,817,469 |
| Jericho Capital Asset Management L.P. | 1,815,844 | $65.8M | 0 |
| Madison Avenue Partners, LP | 1,109,463 | $40.2M | +1,109,463 |
| Gamco Investors, Inc. Et Al | 825,262 | $29.9M | -19,300 |
| American Century Companies Inc. | 766,133 | $27.8M | +159,354 |
| Bank of America Corp. | 740,572 | $26.9M | -1,792,445 |
| Loomis Sayles & Co. L P | 707,437 | $25.7M | -33,044 |
| Oaktree Capital Management LP | 696,858 | $25.3M | -27,586 |
| Vanguard Capital Management LLC | 695,357 | $25.2M | +13,245 |
Peers
Companies in the same industry.
- T-Mobile US, Inc. (TMUS): revenue $93.8B, market value $166.3B
- Chunghwa Telecom Co. Ltd. (CHT): revenue $7.6B, market value $38.0B
- Vodafone Group Public Limited Company (VOD): revenue $46.9B, market value $36.6B
- Spok Holdings, Inc. (SPOK): revenue $135.1M, market value $250.3M