AD
Array Digital Infrastructure, Inc.
NYSE: AD · COMMUNICATION SERVICES · TELECOM SERVICES
$52.52
-5.83% today
Updated 2026-05-11
Market cap
$4.54B
P/E ratio
13.23
P/S ratio
27.86x
EPS (TTM)
$3.97
Dividend yield
—
52W range
$34 – $58
Volume
0.2M
Array Digital Infrastructure, Inc. (AD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $4.03B | $3.99B | $3.89B | $3.97B | $4.02B | $4.04B | $4.12B | $4.17B | $3.91B | $3.77B | $162.96M |
| Revenue growth (YoY) | — | +3.5% | -1.0% | -2.5% | +2.0% | +1.4% | +0.4% | +2.1% | +1.1% | -6.3% | -3.5% | -95.7% |
| Cost of revenue | $1.96B | $1.83B | $1.84B | $1.80B | $1.79B | $1.78B | $1.79B | $1.91B | $1.97B | $1.73B | $1.63B | $127.75M |
| Gross profit | $1.93B | $2.20B | $2.15B | $2.09B | $2.18B | $2.24B | $2.24B | $2.21B | $2.20B | $2.18B | $2.14B | $35.21M |
| Gross margin | 49.6% | 54.7% | 53.9% | 53.7% | 54.9% | 55.6% | 55.6% | 53.7% | 52.7% | 55.8% | 56.8% | 21.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $1.39B | $1.26B | $1.24B | — | — | — | — | $1.34B | $1.41B | $1.37B | $1.33B | $84.44M |
| Operating income | $-143.00M | $347.00M | $48.00M | $-304.00M | $158.00M | $112.00M | $173.00M | $170.00M | $69.00M | $139.00M | $-12.00M | $-49.23M |
| Operating margin | -3.7% | 8.6% | 1.2% | -7.8% | 4.0% | 2.8% | 4.3% | 4.1% | 1.7% | 3.6% | -0.3% | -30.2% |
| EBITDA | $338.00M | $709.00M | $669.00M | $675.00M | $790.00M | $832.00M | $876.00M | $1.03B | $935.00M | $963.00M | $826.00M | $-968000.00 |
| EBITDA margin | 8.7% | 17.6% | 16.8% | 17.4% | 19.9% | 20.7% | 21.7% | 25.1% | 22.4% | 24.7% | 21.9% | -0.6% |
| EBIT | $-268.00M | $102.00M | $51.00M | $60.00M | $150.00M | $130.00M | $193.00M | $355.00M | $235.00M | $307.00M | $161.00M | $-49.23M |
| Interest expense | $45.00M | $84.00M | $107.00M | $105.00M | $101.00M | $93.00M | $104.00M | $175.00M | $163.00M | $196.00M | $183.00M | $28.22M |
| Income tax | $-12.00M | $157.00M | $33.00M | $-287.00M | $51.00M | $52.00M | $17.00M | $20.00M | $37.00M | $53.00M | $10.00M | — |
| Effective tax rate | 21.8% | 39.4% | 40.7% | 104.4% | 25.4% | 29.1% | 6.9% | 11.4% | 55.2% | 49.5% | -34.5% | 0.0% |
| Net income | $-43.00M | $241.00M | $48.00M | $12.00M | $150.00M | $127.00M | $229.00M | $155.00M | $30.00M | $54.00M | $-39.00M | $290.92M |
| Net income growth (YoY) | — | +660.5% | -80.1% | -75.0% | +1150.0% | -15.3% | +80.3% | -32.3% | -80.6% | +80.0% | -172.2% | +846.0% |
| Profit margin | -1.1% | 6.0% | 1.2% | 0.3% | 3.8% | 3.2% | 5.7% | 3.8% | 0.7% | 1.4% | -1.0% | 178.5% |