AD
$33.47-0.12%
AD financial statements
The full income statement, balance sheet, and cash-flow statement for Array Digital Infrastructure Inc. (AD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2025-09 86.4M2025-12 86.4M2026-03 86.5M2026-06 86.5M+0.1% over 3 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 163M-95.6% | 3.67B-3.6% | 3.81B-8.7% | 4.17B+3.2% | 4.04B+2.0% | ||
| Lease income | 155M+50.7% | 103M+2.2% | 100M+7.9% | 93.0M+12.0% | 83.0M+7.8% | |
| Cost of revenue | 79.5M+8.9% | 73.0M+7.5% | 67.9M | — | — | |
| 255M-29.7% | 363M+70.8% | 213M-94.8% | 4.10B+3.7% | 3.95B+2.3% | ||
| Selling, general & administrative | 84.4M-17.7% | 103M+1.1% | 101M-92.8% | 1.41B+4.7% | 1.34B-1.7% | |
| Provision for credit losses | 1.69M+197.7% | -1.73M-238.1% | 1.25M-99.1% | 132M+135.7% | 56.0M-22.2% | |
| Operating income | -92.5M+64.5% | -260M-132.0% | -112M-262.6% | 69.0M-59.4% | 170M-1.7% | |
| Interest expense | 28.2M+127.5% | 12.4M-15.1% | 14.6M-91.0% | 163M-6.9% | 175M+56.3% | |
| Other non-operating income | 169K-99.9% | 161M+4.7% | 153M+5015.2% | 3.00M-70.0% | 10.0M-87.0% | |
| Equity-method income | 174M+7.7% | 161M+1.9% | 158M+0.2% | 158M-11.7% | 179M+0.0% | |
| Pre-tax income | 141M+241.5% | -99.7M-341.9% | 41.2M-42.7% | 72.0M-60.0% | 180M-28.0% | |
| Income tax | -31.1M-61.8% | -19.3M-158.6% | 32.9M-11.2% | 37.0M+85.0% | 20.0M+17.6% | |
| 48.8M+223.7% | -39.4M-172.4% | 54.5M+81.5% | 30.0M-80.6% | 155M-32.3% | ||
| Income from continuing operations | 170M+297.6% | -85.9M-1314.5% | 7.07M | — | — | |
| Discontinued operations | -103M-310.8% | 48.9M-1.3% | 49.5M | — | — | |
| Net income to non-controlling interest | 20.4M+161.2% | 7.83M+126.3% | 3.46M-30.8% | 5.00M+0.0% | 5.00M+25.0% | |
| $0.56+221.7% | -$0.46-173.0% | $0.63+80.0% | $0.35-80.2% | $1.77-32.4% | ||
| EPS (basic) | $0.57+223.9% | -$0.46-171.9% | $0.64+82.9% | $0.35-80.6% | $1.80-32.3% | |
| Weighted-avg shares (basic) | 85.9M+0.3% | 85.6M+0.5% | 85.2M+0.2% | 85.0M-1.2% | 86.0M+0.0% | |
| Weighted-avg shares (diluted) | 87.3M+1.9% | 85.6M-1.3% | 86.7M+0.9% | 86.0M-1.1% | 87.0M+0.0% | |
| Dividends per share | $92.00 | — | — | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 145M-89.2% | 1.34B-3.9% | 1.40B-18.7% | 1.72B+7.4% | 1.60B-38.8% | ||
| Cash & equivalents | 113M-21.1% | 144M-4.2% | 150M-45.1% | 273M+75.0% | 156M-87.7% | |
| Short-term investments | — | — | — | — | 0.00-100.0% | |
| Accounts receivable | — | 905M+0.6% | 900M-8.6% | 985M+0.9% | 976M+6.7% | |
| Inventory | — | 179M-10.1% | 199M-23.8% | 261M+50.9% | 173M+18.5% | |
| Prepaid expenses | 3.22M-54.4% | 7.06M-87.6% | 57.0M-16.2% | 68.0M+17.2% | 58.0M+13.7% | |
| Other current assets | 6.51M-64.4% | 18.3M-49.1% | 36.0M-20.0% | 45.0M-8.2% | 49.0M+69.0% | |
| 4.68B-55.2% | 10.4B-2.8% | 10.8B-3.3% | 11.1B+7.5% | 10.3B+6.8% | ||
| Property, plant & equipment | 389M+1.3% | 384M-85.1% | 2.58B-1.8% | 2.62B+0.7% | 2.61B+5.7% | |
| Operating lease right-of-use | 473M+1.7% | 465M-49.2% | 915M-0.3% | 918M-4.3% | 959M+3.8% | |
| Other non-current assets | 24.8M+22.4% | 20.3M-97.1% | 690M+0.6% | 686M+9.6% | 626M+4.0% | |
| 200M-77.4% | 884M-1.9% | 901M-24.6% | 1.20B+32.3% | 903M+3.7% | ||
| Accounts payable | 27.9M+4.3% | 26.7M-88.9% | 241M-29.9% | 344M-0.6% | 346M-8.2% | |
| Deferred revenue | 85.9M+4908.4% | 1.72M-99.3% | 229M-4.2% | 239M+25.1% | 191M+26.5% | |
| Short-term & current debt | 4.06M-81.5% | 22.0M+10.0% | 20.0M+53.8% | 13.0M+333.3% | 3.00M+50.0% | |
| Current lease liability | 15.3M-5.2% | 16.1M-88.0% | 135M+1.5% | 133M+3.1% | 129M+11.2% | |
| Other current liabilities | 14.8M-23.3% | 19.3M-87.4% | 154M-54.0% | 335M+222.1% | 104M+22.4% | |
| Long-term debt | 670M-44.2% | 1.20B-60.5% | 3.04B-4.5% | 3.19B+16.8% | 2.73B+9.6% | |
| Non-current lease liability | 510M+2.9% | 496M-40.3% | 831M-1.4% | 843M-5.2% | 889M+1.6% | |
| Operating lease liability (total) | 525M-45.5% | 963M-0.3% | 966M-1.0% | 976M-4.1% | 1.02B+2.7% | |
| Deferred tax liabilities | 387M-46.9% | 728M-3.5% | 755M+6.6% | 708M+5.0% | 674M+6.5% | |
| Other non-current liabilities | 336M+51.9% | 221M-60.8% | 565M-6.5% | 604M+5.4% | 573M+52.4% | |
| 2.57B-43.9% | 4.58B-1.1% | 4.63B+1.6% | 4.55B+0.2% | 4.55B+3.1% | ||
| Common stock | 88.1M+0.0% | 88.1M+0.1% | 88.0M+0.0% | 88.0M+0.0% | 88.0M+0.0% | |
| Additional paid-in capital | 1.80B+0.7% | 1.78B+3.3% | 1.73B+1.4% | 1.70B+1.5% | 1.68B+1.6% | |
| Retained earnings | 770M-72.7% | 2.82B-2.6% | 2.89B+1.1% | 2.86B+0.4% | 2.85B+4.0% | |
| Treasury stock | 85.6M-23.3% | 112M+39.5% | 80.0M-18.4% | 98.0M+44.1% | 68.0M+1.5% | |
| Non-controlling interest | 6.93M-53.6% | 14.9M-6.6% | 16.0M+0.0% | 16.0M+0.0% | 16.0M+6.7% | |
| Total equity incl. non-controlling | 2.57B-43.9% | 4.59B-1.1% | 4.64B+1.6% | 4.57B+0.2% | 4.56B+3.1% | |
| Total liabilities & equity | 4.68B-55.2% | 10.4B-2.8% | 10.8B-3.3% | 11.1B+7.5% | 10.3B+6.8% | |
| Common shares issued | 88.1M+0.0% | 88.1M+0.1% | 88.0M+0.0% | 88.0M+0.0% | 88.0M+0.0% | |
| Common shares outstanding | 86.4M+1.5% | 85.1M+0.1% | 85.0M+0.0% | 85.0M-1.2% | 86.0M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 201M-77.2% | 882M+1.8% | 867M+4.2% | 832M+3.7% | 802M-35.2% | ||
| Depreciation & amortization | 39.1M-17.2% | 47.2M+13.2% | 41.7M-93.9% | 682M+3.0% | 662M-1.0% | |
| Share-based compensation | 1.82M-33.3% | 2.73M+137.6% | 1.15M-95.2% | 24.0M-11.1% | 27.0M-15.6% | |
| Deferred income taxes | -37.7M-125.7% | -16.7M-151.4% | 32.5M-1.5% | 33.0M-19.5% | 41.0M-68.5% | |
| Change in receivables | 6.63M+236.5% | -4.86M-418.0% | 1.53M-97.4% | 59.0M+118.5% | 27.0M+237.5% | |
| Change in inventory | — | -21.0M+66.1% | -62.0M-170.5% | 88.0M+225.9% | 27.0M+268.8% | |
| Other operating activities | 1.28M+962.0% | 121K+7.1% | 113K-98.7% | 9.00M-72.7% | 33.0M+1550.0% | |
| 2.44B+538.3% | -556M+22.8% | -721M+38.9% | -1.18B+42.1% | -2.04B-75.1% | ||
| Capital expenditure | 27.2M+47.3% | 18.5M-54.6% | 40.6M-93.2% | 602M-16.9% | 724M-26.8% | |
| Free cash flow | 174M-79.9% | 864M+4.6% | 826M+259.2% | 230M+194.9% | 78.0M-68.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | — | — | — | — | 0.00-100.0% | |
| Other investing activities | -1.30M | 0.00+100.0% | -15.3M-91.4% | -8.00M+20.0% | -10.0M-900.0% | |
| -2.68B-673.6% | -347M-26.5% | -274M-160.2% | 456M+221.1% | 142M-84.7% | ||
| Long-term debt issued | 325M+712.5% | 40.0M-87.3% | 315M-60.6% | 800M-40.4% | 1.34B+19.3% | |
| Long-term debt repaid | 875M+252.9% | 248M-45.2% | 453M+37.5% | 329M-70.6% | 1.12B+935.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 21.4M-60.5% | 54.1M | 0.00-100.0% | 43.0M+38.7% | 31.0M+34.8% | |
| Dividends paid | 1.99B | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -8.00M-245.4% | -2.32M-462.1% | -412K+58.8% | -1.00M+0.0% | -1.00M | |
| Net change in cash | -45.7M-120.2% | -20.8M+83.8% | -128M-217.8% | 109M+110.0% | -1.09B-209.2% | |
| Interest paid | 26.8M+98.9% | 13.5M-13.7% | 15.6M-89.9% | 154M+7.7% | 143M+36.2% | |
| Income taxes paid | 252M+593.4% | 36.3M+1009.0% | 3.27M+102.8% | -116M-2033.3% | 6.00M+115.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.63B | — | — | — | — | |
| P/E | 95.0× | — | — | — | — | |
| P/S | 28.4× | — | — | — | — | |
| P/B | 1.8× | — | — | — | — | |
| P/FCF | 26.7× | — | — | — | — | |
| Earnings yield | 1.1% | — | — | — | — | |
| FCF yield | 3.7% | — | — | — | — | |
| Dividend yield | 171.6% | — | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AD filings on SEC EDGAR → Not investment advice.