# Array Digital Infrastructure, Inc.: overview

AD · NYSE · CIK 821130 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ad.md) · [Financials](/companies/ad/financials.md) · [Filings](/companies/ad/filings.md) · [Insiders](/companies/ad/insiders.md)

Latest reported revenue: [$54.1m](/filings/0000821130-26-000046.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0000821130-26-000046).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [896](/filings/0000821130-24-000063.md) | [945 d](/filings/0000821130-25-000023.md) | [864](/filings/0000821130-25-000032.md) | [888](/filings/0000821130-25-000051.md) | [47.1](/filings/0000821130-25-000070.md) | [60.3 d](/filings/0000821130-26-000012.md) | [52.0](/filings/0000821130-26-000035.md) | [54.1](/filings/0000821130-26-000046.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(17.9%)](/filings/0000821130-25-000070.md) | [(3.1%) d](/filings/0000821130-26-000012.md) | [(3.4%)](/filings/0000821130-26-000035.md) | [(2.0%)](/filings/0000821130-26-000046.md) | [(113.1%)](/filings/0000821130-25-000070.md) | [14.3% d](/filings/0000821130-26-000012.md) | [309.1%](/filings/0000821130-26-000035.md) | [738.4%](/filings/0000821130-26-000046.md) |
| Net margin | % | [(8.8%)](/filings/0000821130-25-000070.md) | [0.5% d](/filings/0000821130-26-000012.md) | [2.1%](/filings/0000821130-26-000035.md) | [3.5%](/filings/0000821130-26-000046.md) | [(81.6%)](/filings/0000821130-25-000070.md) | [62.1% d](/filings/0000821130-26-000012.md) | [341.8%](/filings/0000821130-26-000035.md) | [663.4%](/filings/0000821130-26-000046.md) |
| Diluted EPS | $ per share | [(0.92)](/filings/0000821130-25-000070.md) | not reported | [0.21](/filings/0000821130-26-000035.md) | [0.36](/filings/0000821130-26-000046.md) | [(0.44)](/filings/0000821130-25-000070.md) | not reported | [2.06](/filings/0000821130-26-000035.md) | [4.15](/filings/0000821130-26-000046.md) |
| Free cash flow | $m | [(11.1) d](/filings/0000821130-25-000070.md) | [116 d](/filings/0000821130-26-000012.md) | [152](/filings/0000821130-26-000035.md) | [321 d](/filings/0000821130-26-000046.md) | [(88.8) d](/filings/0000821130-25-000070.md) | [(211) d](/filings/0000821130-26-000012.md) | [10.0](/filings/0000821130-26-000035.md) | [(48.6) d](/filings/0000821130-26-000046.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,039](/filings/0000821130-24-000007.md) | [4,076](/filings/0000821130-25-000023.md) | [3,805](/filings/0000821130-25-000023.md) | [3,667](/filings/0000821130-25-000023.md) | [163](/filings/0000821130-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [4.2%](/filings/0000821130-24-000007.md) | [1.7%](/filings/0000821130-25-000023.md) | [(2.9%)](/filings/0000821130-26-000012.md) | [(7.1%)](/filings/0000821130-26-000012.md) | [(56.8%)](/filings/0000821130-26-000012.md) |
| Net margin | % | [3.8%](/filings/0000821130-24-000007.md) | [0.7%](/filings/0000821130-25-000023.md) | [1.4%](/filings/0000821130-26-000012.md) | [(1.1%)](/filings/0000821130-26-000012.md) | [29.9%](/filings/0000821130-26-000012.md) |
| Diluted EPS | $ per share | [1.77](/filings/0000821130-24-000007.md) | [0.35](/filings/0000821130-25-000023.md) | [0.63](/filings/0000821130-26-000012.md) | [(0.46)](/filings/0000821130-26-000012.md) | [0.56](/filings/0000821130-26-000012.md) |
| Free cash flow | $m | [78.0](/filings/0000821130-24-000007.md) | [230](/filings/0000821130-25-000023.md) | [826](/filings/0000821130-26-000012.md) | [864](/filings/0000821130-26-000012.md) | [174](/filings/0000821130-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ad/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $82.3m | 2,269,157 |  | Reduced −30,425 |
| [HAWK RIDGE CAPITAL MANAGEMENT LP](/funds/1609074.md) | 2026-06-30 | $65.9m | 1,817,469 |  | New +1,817,469 |
| [Jericho Capital Asset Management L.P.](/funds/1525234.md) | 2026-06-30 | $65.8m | 1,815,844 |  | Unchanged |
| [Madison Avenue Partners, LP](/funds/1801265.md) | 2026-06-30 | $40.2m | 1,109,463 |  | New +1,109,463 |
| [GAMCO INVESTORS, INC. ET AL](/funds/807249.md) | 2026-06-30 | $29.9m | 825,262 |  | Reduced −19,300 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $27.8m | 766,133 |  | Added +159,354 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $26.9m | 740,572 |  | Reduced −1,792,445 |
| [LOOMIS SAYLES & CO L P](/funds/312348.md) | 2026-06-30 | $25.7m | 707,437 |  | Reduced −33,044 |
| [OAKTREE CAPITAL MANAGEMENT LP](/funds/949509.md) | 2026-06-30 | $25.3m | 696,858 |  | Reduced −27,586 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $25.2m | 695,357 |  | Added +13,245 |

## Recent filings

[All 1,050 filings](/companies/ad/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-02 | 08:09 ET | [SCHEDULE 13D/A](/filings/0001051512-26-000071.md) | Ownership report, active investor, amended | 0001051512-26-000071 |
| 2026-08-07 | 07:39 ET | [10-Q](/filings/0000821130-26-000046.md) | Quarterly report, period 2026-06-30 | 0000821130-26-000046 |
| 2026-08-07 | 07:33 ET | [8-K](/filings/0000821130-26-000045.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000821130-26-000045 |
| 2026-06-01 | 16:09 ET | [8-K](/filings/0000821130-26-000040.md) | 2.01 Completion of an acquisition or disposition; 8.01 Other events; 9.01 Financial statements and exhibits | 0000821130-26-000040 |
| 2026-05-21 | 08:46 ET | [8-K](/filings/0000821130-26-000038.md) | 5.07 Shareholder vote results | 0000821130-26-000038 |
| 2026-05-08 | 07:41 ET | [10-Q](/filings/0000821130-26-000035.md) | Quarterly report, period 2026-03-31 | 0000821130-26-000035 |
| 2026-05-08 | 07:32 ET | [8-K](/filings/0000821130-26-000034.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000821130-26-000034 |
| 2026-05-08 | 07:22 ET | [SCHEDULE 13D/A](/filings/0001051512-26-000042.md) | Ownership report, active investor, amended | 0001051512-26-000042 |
| 2026-05-08 | 07:18 ET | [8-K](/filings/0000821130-26-000033.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000821130-26-000033 |
| 2026-04-07 | 09:02 ET | [DEF 14A](/filings/0000821130-26-000025.md) | Proxy statement, period 2026-05-19 | 0000821130-26-000025 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000821130-26-000012.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/3f356650-2097-4070-8c68-402df6b1f992)

## About the filer

- CIK: 821130
- Tickers: AD, UZD, UZE, UZF
- Exchange: NYSE
- SIC code: 4812 Radiotelephone Communications
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:25 ET. No prices; not investment advice.