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Array Digital Infrastructure Inc.

AD Communication Services Telecom Services

Array Digital Infrastructure Inc.’s revenue for fiscal 2025 (year ended December 2025) was $163.0 million, up 58.3% from fiscal 2024.

Revenue
+89.5%
EPS
+1,021.6%
Free cash flow
−115.2%
Total debt
−75.7%

Quarter to June 2026, against a year earlier

31.64 1.59 −4.78%
Market cap
$2.7B
P/E
5.1×
Fwd P/E
5.1×
Dividend yield
0.00%
F-score
7/9
Altman Z
1.50
Beneish M
−2.02
Dividend safety
0/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.26
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 82.37%

Capital & Financial Ratios $m

Size
Market Cap 2,710.00
Revenue ttm 213.53
Net income ttm 557.86
Free cash flow ttm (340.21)
Net debt Q 275.21
Valuation
P/E 5.11
Forward P/E 5.07
Price / sales 12.81 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.15
Financial health
Current ratio Q 0.95 (below 1: weak)
Debt / equity Q 0.54
Interest coverage Q 36.76
Growth
Revenue growth Q +89.53% (above 0%: growing)
Operating income growth Q +2,294.96% (above 0%: growing)
EPS, this year +1,094.40% (at or above 15%: strong)
EPS, next year A −83.03% (below 0%: weak)
Revenue, next year A +30.09% (at or above 10%: strong)
EPS, past 5 yrs −26.55% (below 0%: weak)
EPS, next 5 yrs A +32.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 14.1×, against a ten-year median of 1.2×; over the ten years it ranged from 0.9× in 2020 to 81.2× in 2025.
P/E against its own 10 years 0.04%
10-year low 10-year high
P/S against its own 10 years 87.50%
10-year low 10-year high
P/B against its own 10 years 94.90%
10-year low 10-year high
EV/Sales against its own 10 years 87.50%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 150 144 113 416
Receivables 958 13 22 18
Inventory 199 179 — —
Other 36 18 7 2
1,400 1,345 145 439
2023 2024 2025 Q'26
Payables 248 36 38 41
ST’ Debt 20 22 4 25
Other 383 21 101 52
901 884 200 462

Compound Annual Growth %

10y 5y 3y
Sales (27.45%) (47.37%) (66.06%)
Cash Flow (9.67%) (30.48%) (37.74%)
Earnings (14.77%) (26.61%) 17.57%
Book Value (3.22%) (10.27%) (17.41%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.62 Actual 0.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.25 0.97 Beat by 0.72
Q4 FY25 0.32 0.48 Beat by 0.16
Q1 FY26 5.74 2.08 Miss by 3.66
Q2 FY26 0.62 0.64 Beat by 0.02
Q3 FY26 0.38 — Reports 6 November 2026

EPS $

Mar Jun Sep Dec Year
’26 2.06 4.15 — — —
’25 0.21 0.36 (0.44) 0.43 0.56
’24 0.20 0.20 (0.92) 0.05 (0.46)
’23 0.15 0.05 0.26 0.16 0.63
’22 0.57 0.25 (0.15) (0.33) 0.35
’21 0.69 0.39 0.38 0.31 1.77
’20 0.81 0.78 0.97 0.06 2.62
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 52 54 — — —
’25 27 29 47 60 163
’24 — — 26 26 103
’23 — — — — 100
’22 1,010 1,027 1,083 1,049 4,169
’21 1,023 1,014 1,016 1,069 4,122
’20 963 973 1,027 1,074 4,037
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 24 (43) — — —
’25 159 325 (82) (202) 201
’24 203 313 245 121 882
’23 41 349 329 148 867
’22 311 267 74 180 832
’21 124 239 304 135 802
’20 342 350 258 287 1,237
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 (49) — — —
’25 150 319 (89) (211) 169
’24 59 172 501 113 845
’23 (160) 191 210 457 698
’22 (400) 127 (59) (23) (355)
’21 (1,265) 88 125 (172) (1,224)
’20 1 76 14 (14) 77
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,990 3,890 3,967 4,022 4,037 4,122 4,169 100 103 163 214 (29.9%) 212 203 209 +8.6%
Gross margin, % 53.86 53.65 54.90 55.64 55.59 53.71 52.72 32.43 29.08 51.22 58.36 (2.6) pt
EBT 82 (272) 215 185 250 180 72 41 (100) 141 798 +6.2%
EBT margin, % 2.06 (6.99) 5.42 4.60 6.19 4.37 1.73 41.04 (96.88) 86.60 373.74 +84.5 pt
Net income 49 15 164 133 233 160 35 58 (32) 69 558 +3.9%
Per share, $
Per share, $ Revenue 46.94 45.76 46.13 46.77 46.94 47.93 49.05 1.18 1.20 1.90 2.47 (30.0%)
Earnings 0.56 0.14 1.75 1.47 2.66 1.80 0.35 0.64 (0.46) 0.57 6.19 +0.2%
Cash flow 5.89 5.52 8.24 8.42 14.38 9.33 9.79 10.18 10.31 2.34 (3.50) (9.8%)
Capex (5.84) (7.69) (6.05) (10.65) (13.49) (23.56) (13.96) (1.99) (0.44) (0.37) (0.43) (26.5%)
Free cash flow 0.06 (2.18) 2.20 (2.23) 0.90 (14.23) (4.18) 8.19 9.87 1.97 (3.93) +47.7%
Book value 42.88 43.38 47.29 48.95 51.47 53.06 53.76 54.49 53.62 29.97 14.71 (3.9%)
Shares, m 85 85 86 86 86 86 85 85 86 86 86 +0.1%
Valuation, ×
Valuation, × P/E 83.04 248.27 29.70 24.65 11.54 17.51 64.09 64.90 0.00 95.75 5.11 63.9
P/S 0.97 0.81 1.13 0.77 0.65 0.66 0.44 0.90 2.46 28.27 12.81 3.7
P/B 1.07 0.86 1.10 0.74 0.60 0.59 0.41 0.75 1.17 1.79 2.15 0.9
EV/Sales 1.23 1.13 1.39 1.08 0.96 1.28 1.15 1.65 2.95 31.80 14.10 4.5
EV/FCF 84.91 (18.50) 29.08 (22.61) 50.08 (4.32) (13.46) 9.17 7.64 30.58 (8.85) 15.3
Cash, $m
Cash, $m Operating cash flow 501 469 709 724 1,237 802 832 867 882 201 (303) (9.7%)
Capex (496) (654) (520) (916) (1,160) (2,026) (1,187) (169) (38) (31) (37) (26.4%)
Free cash flow 5 (185) 189 (192) 77 (1,224) (355) 698 845 169 (340) +47.9%
Balance, $m
Balance, $m Working capital 840 750 1,121 823 1,752 702 528 499 461 (55) (23) n/m
Net debt 1,043 1,238 1,027 1,225 1,217 2,575 2,927 2,914 1,080 561 275 (6.7%)
Shareholders’ equity 3,645 3,687 4,067 4,210 4,426 4,563 4,570 4,642 4,592 2,575 1,272 (3.8%)
Returns, %
Returns, % ROA 0.68 0.17 2.13 1.65 2.57 1.55 0.28 0.50 (0.37) 0.64 7.79 0.0 pt
ROIC 0.64 (3.86) 1.94 1.29 1.92 1.49 0.58 (0.93) (2.87) (1.84) 20.82 (2.5) pt
ROE 1.33 0.33 3.87 3.07 5.30 3.45 0.66 1.18 (0.85) 1.36 18.20 0.0 pt
People
People Employees 6,300 5,900 5,600 5,500 5,300 4,800 4,900 4,300 4,100 60 — (40.4%)
Revenue/emp, $m 0.63 0.66 0.71 0.73 0.76 0.86 0.85 0.02 0.03 2.72 — +17.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Array Digital Infrastructure Inc. vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
LUMN Lumen Technologies, Inc. $4.1B — (loss-making) — (loss-making) −12.05% (below 0%: shrinking) n/m −123.67% (below 0%: shrinking) 47.26% (6.15%) Compare
TKC Turkcell Iletisim Hizmetleri AS $4.0B 9.4× — +15.43% (above 0%: growing) +8.33% (above 0%: growing) −58.09% (below 0%: shrinking) 25.36% 12.41% Compare
PHI PLDT Inc. $3.9B 8.6× 7.7× −5.84% (below 0%: shrinking) −24.00% (below 0%: shrinking) +78.48% (above 0%: growing) 57.86% 20.01% Compare
TDS Telephone and Data Systems, Inc. $3.5B 10.6× 9.3× +3.60% (above 0%: growing) n/m −133.98% (below 0%: shrinking) 58.19% 120.67% Compare
LBTYK Liberty Global Ltd $3.2B — (loss-making) — −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
LBTYA Liberty Global Ltd $3.2B — (loss-making) — (loss-making) −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
KYIV Kyivstar Group Ltd. $3.0B 19.3× 9.3× +19.37% (above 0%: growing) −16.71% (below 0%: shrinking) +29.21% (above 0%: growing) 88.79% 37.46% Compare
AD Array Digital Infrastructure Inc. $2.7B 5.1× 5.1× +89.53% (above 0%: growing) +1,021.62% (above 0%: growing) −115.23% (below 0%: shrinking) 56.54% 738.42%
IDT IDT Corporation $2.2B 23.6× 11.2× +7.07% (above 0%: growing) +29.85% (above 0%: growing) +49.07% (above 0%: growing) 39.78% 9.80% Compare
Median of peers $3.4B 10.6× 9.3× −1.12% −4.19% +39.14% 50.62% 11.11%

All 55 Telecom Services stocks →

Array Digital Infrastructure Inc. (AD) Latest News

16 Oct

Impact 4 · · Insider Monkey

29 Sep

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28 Sep

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25 Aug

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20 Aug

Impact 3 ·

18 Aug

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13 Aug

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12 Aug

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Impact 3 · · MarketBeat transcript

10 Aug

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9 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 4 · transcript
Impact 3 ·
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27 Jun

Impact 4 ·

1 Jun

Impact 4 · · PR Newswire

21 May

Impact 4 · · Simply Wall St.

18 May

Impact 3 · · StockStory

15 May

Impact 3 · · MarketBeat

13 May

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11 May

Impact 3 · · Zacks

8 May

Impact 5 · · PR Newswire
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · PR Newswire
Impact 3 · · StockStory
Impact 3 · · PR Newswire

7 May

Impact 3 · · Simply Wall St.

AD metrics, ten years each

stockrow.com/AD · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com