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Friday 6 November 2026 Export AD’s income statement to Excel — free account

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

Array Digital Infrastructure Inc. (AD) Debt to equity

Alert me on Debt to equity

Array Digital Infrastructure Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.5×, up 0.3× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.3× (fiscal 2025) to 0.7× (fiscal 2022) — the current reading is the lowest in ten years. That is in line with the Telecom Services industry median of 0.6× and above the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× (1.73%)
FY2024 0.3× (59.63%)
FY2023 0.7× (5.73%)
FY2022 0.7× 16.99%
FY2021 0.6× 6.34%
FY2020 0.6× 56.90%
FY2019 0.4× (10.17%)
FY2018 0.4× (10.23%)
FY2017 0.4× (0.47%)
FY2016 0.4× (2.70%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.5× 50.35%
Mar 2026 0.4× 35.01%
Dec 2025 0.3× 0.87%
Sep 2025 0.3× (56.95%)
42 more quarters

Against its own ten years

Low 0.3× High 0.7×
Ten-year median 0.4×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
LUMN Lumen Technologies, Inc. compare −7.7×
IDT IDT Corporation compare 0.0×
TDS Telephone and Data Systems, Inc. compare 0.1×
KYIV Kyivstar Group Ltd. compare 0.4×
AD Array Digital Infrastructure Inc. 0.5×
TKC Turkcell Iletisim Hizmetleri AS compare 0.6×
LBTYA Liberty Global Ltd compare 0.9×
LBTYK Liberty Global Ltd compare 0.9×
PHI PLDT Inc. compare 2.2×
Telecom Services industry median 0.6×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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