Saturday 17 October 2026
Export AD’s income statement to Excel — free account
Array Digital Infrastructure Inc.
AD Communication Services Telecom Services
In the quarter to June 2026, revenue grew 89.5%, EPS grew 1,021.6%, free cash flow fell 115.2% and total debt fell 75.7%, each against the same quarter a year earlier.
33.47
0.04
−0.12%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
83.04 | 248.27 | 29.70 | 24.65 | 11.54 | 17.51 | 64.09 | 64.90 | 0.00 | 95.75 |
Piotroski F-Score |
4 | 4 | 8 | 6 | 6 | 5 | 4 | 6 | 4 | 7 |
P/S ratio |
0.97 | 0.81 | 1.13 | 0.77 | 0.65 | 0.66 | 0.44 | 34.67 | 52.18 | 28.27 |
Altman Z-Score |
1.79 | 1.60 | 2.11 | 1.57 | 1.39 | 1.20 | 0.98 | 0.75 | 0.91 | 1.50 |
Altman Z″-Score (non-manufacturers) |
2.92 | 2.68 | 3.58 | 2.89 | 3.11 | 2.28 | 1.92 | 1.91 | 1.82 | 1.61 |
P/FCF ratio |
66.93 | 0.00 | 23.65 | 0.00 | 34.28 | 0.00 | 0.00 | 4.99 | 6.36 | 27.18 |
Beneish M-Score |
(2.65) | (2.64) | (2.66) | (2.65) | (3.02) | (2.61) | (2.92) | 30.53 | (3.55) | (2.02) |
P/Operating CF |
45.14 | 42.21 | 41.00 | 84.21 | 9.20 | 20.08 | 10.29 | 23.56 | 44.39 | (22.80) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 0 |
P/B ratio |
1.07 | 0.86 | 1.10 | 0.74 | 0.60 | 0.59 | 0.41 | 0.75 | 1.17 | 1.79 |
Price to Tangible BV |
2.79 | 2.16 | 2.38 | 1.79 | 1.47 | 5.71 | 0.00 | 0.00 | 4.10 | 4.94 |
EV/Sales |
1.23 | 1.13 | 1.39 | 1.08 | 0.96 | 1.28 | 1.15 | 63.67 | 62.67 | 31.80 |
EV/EBITDA |
7.39 | 14.16 | 6.89 | 5.33 | 4.51 | 6.23 | 6.21 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
9.83 | 9.39 | 7.75 | 6.00 | 3.12 | 6.59 | 5.74 | 7.38 | 7.31 | 25.81 |
EV/FCF |
84.91 | (18.50) | 29.08 | (22.61) | 50.08 | (4.32) | (13.46) | 9.17 | 7.64 | 30.58 |
Quick Ratio |
1.83 | 1.70 | 2.30 | 1.79 | 2.75 | 1.47 | 1.13 | 1.23 | 0.18 | 0.68 |
Current Ratio |
2.17 | 2.02 | 2.62 | 2.10 | 3.01 | 1.78 | 1.44 | 1.55 | 1.52 | 0.72 |
Net Debt/EBITDA |
1.57 | 3.98 | 1.29 | 1.50 | 1.42 | 3.04 | 3.81 | (46.82) | (5.07) | (12.67) |
Debt/Assets |
22.91% | 23.97% | 22.33% | 18.50% | 25.73% | 26.41% | 28.78% | 28.50% | 11.71% | 14.41% |
Debt/Equity |
0.45 | 0.44 | 0.40 | 0.36 | 0.56 | 0.60 | 0.70 | 0.66 | 0.27 | 0.26 |
Asset Turnover |
0.56 | 0.56 | 0.56 | 0.52 | 0.45 | 0.41 | 0.39 | 0.01 | 0.01 | 0.02 |
Operating CF/Net income |
10.44 | 39.08 | 4.73 | 5.70 | 5.40 | 5.17 | 27.73 | 15.92 | (22.40) | 4.12 |
Capex/Depreciation |
(0.80) | (1.06) | (0.81) | (1.30) | (1.70) | (2.99) | (1.70) | (3.39) | (0.80) | (0.65) |
Interest Coverage |
0.42 | (2.69) | 1.36 | 1.02 | 1.54 | 0.97 | 0.42 | (7.68) | (20.99) | (3.28) |
| 1.33% | 0.33% | 3.87% | 3.07% | 5.30% | 3.45% | 0.66% | 1.18% | (0.85%) | 1.36% | |
| 0.68% | 0.17% | 2.13% | 1.65% | 2.57% | 1.55% | 0.28% | 0.50% | (0.37%) | 0.64% | |
ROIC |
0.64% | (3.86%) | 1.94% | 1.29% | 1.92% | 1.49% | 0.58% | (0.93%) | (2.87%) | (1.84%) |
Return on Tangible Assets |
1.45% | 0.39% | 4.51% | 4.19% | 5.43% | 4.69% | 0.95% | 1.77% | (4.66%) | 14.61% |
Average Days of Receivables |
66.51 | 79.10 | 91.18 | 95.83 | 101.53 | 103.51 | 94.20 | 3,480.38 | 45.14 | 48.51 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
37.09% | 36.30% | 34.99% | 34.96% | 33.89% | 32.63% | 33.77% | 100.93% | 99.63% | 51.82% |
Intangible Assets out of Total Assets |
0.32 | 0.33 | 0.30 | 0.30 | 0.27 | 0.40 | 0.42 | 0.44 | 0.31 | 0.35 |
Share Based Compensation of Revenue |
0.65% | 0.77% | 0.93% | 1.02% | 0.79% | 0.66% | 0.58% | 1.14% | 2.65% | 1.12% |
Graham Net Nets |
(0.49) | (0.53) | (0.31) | (0.76) | (1.00) | (1.54) | (2.61) | (1.35) | (0.84) | (0.43) |
Graham Number |
23.04 | 12.10 | 43.15 | 40.24 | 55.50 | 46.36 | 20.28 | 27.79 | 0.00 | 19.43 |
Earnings Yield |
1.20% | 0.40% | 3.37% | 4.06% | 8.67% | 5.71% | 1.56% | 1.54% | (0.73%) | 1.04% |
Free Cash Flow Yield |
1.49% | (7.52%) | 4.23% | (6.16%) | 2.92% | (45.15%) | (19.17%) | 20.03% | 15.73% | 3.68% |
Revenue per Share |
46.94 | 45.76 | 46.13 | 46.77 | 46.94 | 47.93 | 49.05 | 1.18 | 1.20 | 1.90 |
Operating CF per Share |
5.89 | 5.52 | 8.24 | 8.42 | 14.38 | 9.33 | 9.79 | 10.18 | 10.31 | 2.34 |
Capex per Share |
(5.84) | (7.69) | (6.05) | (10.65) | (13.49) | (23.56) | (13.96) | (1.99) | (0.44) | (0.37) |
Free Cash Flow per Share |
0.06 | (2.18) | 2.20 | (2.23) | 0.90 | (14.23) | (4.18) | 8.19 | 9.87 | 1.97 |
Cash per Share |
6.89 | 4.73 | 6.94 | 3.31 | 14.81 | 1.81 | 3.21 | 1.76 | 1.68 | 1.32 |
Shareholders Equity per Share |
42.88 | 43.38 | 47.29 | 48.95 | 51.47 | 53.06 | 53.76 | 54.49 | 53.62 | 29.97 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
42.88 | 43.38 | 47.29 | 48.95 | 51.47 | 53.06 | 53.76 | 54.49 | 53.62 | 29.97 |
Free Cash Flow |
5.00 | (185.00) | 189.00 | (192.00) | 77.00 | (1,224.00) | (355.00) | 697.62 | 844.80 | 169.46 |
Working Capital |
840.00 | 750.00 | 1,121.00 | 823.00 | 1,752.00 | 702.00 | 528.00 | 499.00 | 461.10 | (55.20) |
Capital Expenditures |
(496.00) | (654.00) | (520.00) | (916.00) | (1,160.00) | (2,026.00) | (1,187.00) | (169.23) | (37.66) | (31.37) |
Net Current Asset Value |
(1,907.00) | (1,671.00) | (1,395.00) | (2,381.00) | (2,632.00) | (4,173.00) | (4,826.00) | (4,708.00) | (4,512.46) | (1,958.74) |
EV/EBIT |
102.60 | 0.00 | 34.79 | 38.76 | 22.29 | 31.09 | 69.26 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.12 | 0.17 | 0.13 | 0.23 | 0.29 | 0.49 | 0.28 | 1.68 | 0.37 | 0.19 |
Price to Operating Income |
80.87 | 0.00 | 28.29 | 27.82 | 15.26 | 15.95 | 26.84 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.25 | 0.27 | 0.29 | 0.32 | 0.28 | 0.26 | 0.27 | 0.02 | 0.12 | 0.12 |
Cash ROIC |
0.09% | (3.23%) | 3.01% | (3.20%) | 0.94% | (16.43%) | (4.41%) | 8.88% | 14.18% | 5.04% |
Accounts Receivable Turnover |
5.70 | 4.96 | 4.33 | 3.93 | 3.71 | 3.60 | 3.71 | 0.10 | 0.21 | 9.48 |
Accounts Payable Turnover |
6.08 | 5.71 | 5.74 | 5.78 | 5.19 | 5.11 | 5.51 | 0.22 | 0.51 | 2.12 |
Inventory Turnover |
12.83 | 13.07 | 12.78 | 11.74 | 11.64 | 11.96 | 9.08 | 0.30 | 0.39 | 0.00 |
Average Days of Payables |
63.64 | 62.76 | 63.86 | 62.20 | 78.78 | 68.87 | 65.93 | 1,333.33 | 182.28 | 176.31 |
Days of Inventory on Hand |
27.36 | 27.94 | 28.97 | 33.14 | 29.72 | 33.09 | 48.33 | 1,069.89 | 895.04 | 0.00 |
Average Receivables |
699.50 | 785.00 | 917.00 | 1,023.50 | 1,089.50 | 1,146.00 | 1,122.50 | 1,017.00 | 485.36 | 17.19 |
Average Payables |
303.00 | 315.50 | 311.50 | 308.50 | 345.50 | 373.50 | 358.00 | 302.00 | 142.23 | 37.42 |
Average Inventory |
143.50 | 138.00 | 140.00 | 152.00 | 154.00 | 159.50 | 217.00 | 230.00 | 189.00 | — |
Average Assets |
7,085.00 | 6,975.50 | 7,057.50 | 7,719.00 | 8,922.50 | 10,011.00 | 10,730.00 | 10,934.50 | 10,599.49 | 7,563.53 |
Average Common Equity |
3,608.00 | 3,666.00 | 3,877.00 | 4,138.50 | 4,318.00 | 4,494.50 | 4,566.50 | 4,606.00 | 4,616.83 | 3,583.11 |
Columns are period end dates · fundamentals updated 1 Oct 2026