Array Digital Infrastructure, Inc.

Array Digital Infrastructure, Inc.

AD
Array Digital Infrastructure, Inc.US flagNew York Stock Exchange
51.31
USD
-1.35
- -
4.42BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
46.67
46.23
47.85
46.94
45.76
46.13
46.77
46.94
47.93
49.05
1.18
1.2
1.9
12.46
Basic EPS, GAAP
1.67
-0.51
2.86
0.56
0.14
1.74
1.48
2.66
1.8
0.35
0.64
-0.46
0.57
2.41
Free Cash Flow per Basic Share
-5.28
-5.59
-3.7
0.06
-2.18
2.17
-2.29
0.55
-14.47
-4.18
8.21
9.82
1.97
0.35
Dividend per Share
5.74
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
23.13
10.26
Book Value per Share
25.38
23.73
26.36
26.45
26.41
29.44
30.67
32.87
34.15
34.69
35.06
33.79
9.99
1.71
Tangible Book Value per Share
19.31
17.81
16.24
16.35
17.24
22
20.35
21.01
5.65
-1.27
-0.46
15.42
10.85
2.58
Basic Weighted Avg Shares
84
84
84
85
85
86
86
86
86
85
85
86
86
86
Sales/Revenue/Turnover
3,919
3,893
4,031
3,990
3,890
3,967
4,022
4,037
4,122
4,169
100
103
163
1,075
Operating Margin (%)
-8.29
-6.88
2.53
1.28
1.54
3.78
3.23
4.78
4.63
2.16
-118.26
-116.42
-30.21
3.86
Depreciation Expense
804
606
607
618
615
640
702
683
678
700
50
47
48
49
Net Income, GAAP
140
-43
241
48
12
150
127
229
155
30
54
-39
49
208
Effective Tax Rate (%)
43.91
- -
38.86
40.24
- -
23.72
28.11
6.8
11.11
51.39
79.68
- -
- -
4.47
Profit Margin (%)
3.57
-1.1
5.98
1.2
0.31
3.78
3.16
5.67
3.76
0.72
54.2
-38.28
29.92
19.32
Working Capital
395
422
924
840
750
1,121
823
1,752
702
528
499
461
-55
8
LT Debt
878
1,127
1,629
1,618
1,622
1,605
2,367
3,364
3,617
4,030
3,875
1,697
1,180
1,180
Total Equity
3,410
3,314
3,572
3,646
3,688
4,078
4,221
4,436
4,574
4,582
4,654
4,607
2,575
1,865
Return on Invested Capital (%)
-4.05
- -
1.29
0.58
- -
2.08
1.52
2.47
2.1
0.51
-0.28
- -
- -
0.68
Return on Capital (%)
4.96
- -
8.21
2.95
- -
5.56
4.29
5.74
4.68
1.5
0.76
- -
- -
6.36
Return on Common Equity (%)
6.06
-2.08
11.42
2.15
0.53
6.28
4.91
8.38
5.38
1.02
1.84
-1.34
2.59
13.59

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
18
19
22
LT Borrowings
672
670
668
LT Finance Leases
513
510
512
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
86
86
86
Market Capitalization
4,281
4,609
3,981

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
352
145
274
Cash, Cash Equivalents & STI
326
113
254
Accounts Receivable, Net
20
7
2
Inventories
- -
- -
- -
Total Current Liabilities
539
200
266
Payables & Accruals
359
55
164
ST Debt
18
19
22
Deferred Revenue
122
86
45

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.79%
-8.05%
-44.12%
Free Cash Flow
-760.55%
-634.72%
-79.94%
Net Income, GAAP
63.24%
-85.5%
-223.74%
Sales/Revenue/Turnover
-3.34%
-6.71%
58.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
950
927
26
971
103
2025
27
916
47
60
163
2026
52
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.2
-0.92
0.06
-0.46
2025
0.21
0.36
-0.45
0.43
0.57
2026
2.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
23.13
2026
10.25
- -
- -
- -
- -

Company Description

APIChat
CEO
Anthony J. Carlson
Full Time Employees
4,100
Sector
Communication Services
Industry
Telecommunications Services
Address
8410 West Bryn Mawr Ave. Chicago IL United States of America 60631
IPO Date
Aug 23, 2007
Business
Array Digital Infrastructure, Inc. (NYSE: AD) owns and operates shared wireless communications infrastructure, including over 4,400 cell towers across the United States, enabling 5G and other wireless technologies for wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company provides tower rental services under master lease agreements; wireless roaming services; wireless eligible telecommunications carrier services; and retains certain wireless spectrum assets, with noncontrolling investment interests in additional towers. It serves consumer, business, government, and enterprise customers through colocation opportunities that support network expansion in rural and remote areas. Founded in 1983 and headquartered in Chicago, Illinois, Array Digital Infrastructure operates as a majority-owned subsidiary of Telephone and Data Systems, Inc. (NYSE: TDS). The company focuses on the wireless telecommunications infrastructure segment of the communication services industry, with operations concentrated in the United States. In August 2025, the company changed its name from United States Cellular Corporation following the completion of a transaction with T-Mobile US, Inc., under which T-Mobile acquired its wireless operations and certain spectrum assets for $4.4 billion, while Array retained its tower portfolio and entered a new master lease agreement for T-Mobile colocations on over 2,000 additional sites. It anticipates pending spectrum transactions with AT&T, expected to close by late 2025, and with Verizon, targeted for Q3 2026, alongside ongoing colocation growth initiatives that drove 68% year-over-year cash site rental revenue increases in Q3 2025. Leadership transitioned with Douglas W. Chambers serving as interim President and CEO, overseeing operational ramp-up and strategic monetization of retained assets.

Company News

APIChat
  • Array completes sale of select spectrum assets to Verizon for $1.0 billion

  • GE HealthCare Focuses on Expanding Access to Nuclear Medicine Through AI, Radiopharmaceutical and Imaging Innovations

  • Array Digital Infrastructure, Inc. (AD) Shareholder/Analyst Call Prepared Remarks Transcript

  • ARRAY DIGITAL STOCK ALERT: Kaskela Law Firm Announces Stockholder Investigation of Array Digital Infrastructure, Inc. (AD) and Encourages Investors with Losses to Contact the Firm - PLTK

  • ARRAY DIGITAL STOCK ALERT: Kaskela Law Firm Announces Stockholder Investigation of Array Digital Infrastructure, Inc. (AD) and Encourages Investors with Losses to Contact the Firm - PLTK

  • AD Long-Term Investors Have the Opportunity to Join Investigation of Array Digital Infrastructure, Inc. with the Schall Law Firm

  • Fosun Pharma and AriBio Sign Exclusive Global Option Agreement for AR1001 for the Treatment of Alzheimer's Disease

  • STOCKHOLDER NOTIFICATION: Kaskela Law is Investigating Array Digital Infrastructure, Inc. (AD) and Encourages Long-Term Investors to Contact the Firm

  • TDS AND ARRAY TO WEBCAST ANNUAL MEETINGS OF SHAREHOLDERS

  • AD Q1 Earnings Miss Estimates Despite Site Rental Growth

  • 3 Wireless Stocks Likely to Thrive Despite Short-Term Challenges

  • Array Digital Infrastructure (AD) Lags Q1 Earnings and Revenue Estimates

  • Array reports first quarter 2026 results

  • Array Digital Infrastructure Forms Special Committee of Independent Directors in Response to Receipt of Non-Binding Proposal from TDS

  • Telephone and Data Systems Announces Proposal to Acquire Public Shares of Array Digital Infrastructure

  • Alaris Equity Partners Income Trust (AD.UN:CA) Q1 2026 Earnings Call Transcript

  • TDS and Array to release first quarter operating results and host conference call on May 8, 2026

  • Biogen Beats Q1 Earnings Estimates but Cuts 2026 EPS View on M&A Costs

  • T-Mobile (TMUS) Q1 Earnings and Revenues Beat Estimates

  • Array Digital Infrastructure Inc (AD) Shares Surge 3.5% -- What GF Score of 61 Tells Investors