Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025 -95.6% Revenue growth, 20252 Where the money goes Where each dollar of revenue went, fiscal 2025 Cost of revenue Selling, general and admin Income tax Profit
Cost of revenue 29¢ $79.5M Selling, general and admin 31¢ $84.4M Interest 10¢ $28.2M Income tax 11¢ $31.1M Profit 18¢ $48.8M Out of $163.0M in revenue.2
Where each dollar of operating cash went, fiscal 2025 Capital spending Kept or used elsewhere
Capital spending 14¢ $27.2M Share buybacks 11¢ $21.4M Kept or used elsewhere 76¢ $152.3M Out of $200.8M of cash from operations.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 8 2 $163.0M in 2025−96% since 2018 0 $2.0B $4.0B $6.0B 2018: $3.9B $3.9B 2018 2019: $3.9B $3.9B 2019 +1% 2020: $4.0B $4.0B 2020 +0% 2021: $4.0B $4.0B 2021 +2% 2022: $4.1B $4.1B 2022 +1% 2023: $3.8B $3.8B 2023 −7% 2024: $3.7B $3.7B 2024 −4% 2025: $163.0M $163.0M 2025 −96% Operating income4 5 6 7 8 2 -$92.5M in 2025-$400.0M -$200.0M 0 $200.0M 2018: $158.0M $158.0M 2018 2019: $112.0M $112.0M 2019 −29% 2020: $173.0M $173.0M 2020 +54% 2021: $170.0M $170.0M 2021 −2% 2022: $69.0M $69.0M 2022 −59% 2023: -$112.2M -$112.2M 2023 2024: -$260.3M -$260.3M 2024 +132% 2025: -$92.5M -$92.5M 2025 −64% Net income4 5 6 7 8 2 $48.8M in 2025−67% since 2018 -$100.0M 0 $100.0M $200.0M $300.0M 2018: $150.0M $150.0M 2018 2019: $127.0M $127.0M 2019 −15% 2020: $229.0M $229.0M 2020 +80% 2021: $155.0M $155.0M 2021 −32% 2022: $30.0M $30.0M 2022 −81% 2023: $54.5M $54.5M 2023 +82% 2024: -$39.4M -$39.4M 2024 2025: $48.8M $48.8M 2025 Revenue9 10 11 12 $54.1M in Q2 FY2026−94% since Q2 FY2025 0 $250.0M $500.0M $750.0M $1.0B Q2 FY2025: $888.0M $888.0M Q2 FY2025 Q3 FY2025: $47.1M $47.1M Q3 FY2025 −95% Q1 FY2026: $52.0M $52.0M Q1 FY2026 +10% Q2 FY2026: $54.1M $54.1M Q2 FY2026 +4% Operating income12 10 11 $399.3M in Q2 FY2026-$200.0M 0 $200.0M $400.0M Q2 FY2025: -$18.2M -$18.2M Q2 FY2025 Q3 FY2025: -$53.3M -$53.3M Q3 FY2025 +193% Q1 FY2026: $160.8M $160.8M Q1 FY2026 Q2 FY2026: $399.3M $399.3M Q2 FY2026 +148% Net income12 10 11 $358.7M in Q2 FY2026+1039% since Q2 FY2025 -$100.0M 0 $100.0M $200.0M $300.0M $400.0M Q2 FY2025: $31.5M $31.5M Q2 FY2025 Q3 FY2025: -$38.5M -$38.5M Q3 FY2025 Q1 FY2026: $177.8M $177.8M Q1 FY2026 Q2 FY2026: $358.7M $358.7M Q2 FY2026 +102% Fiscal year 2018 2019 2020 2021 2022 2023 2024 2025 Revenue $3.9B4 $3.9B5 $4.0B6 $4.0B7 $4.1B8 $3.8B8 $3.7B8 $163.0M2 Cost of revenue $67.9M2 $73.0M2 $79.5M2 Selling, general and admin $1.4B4 $1.4B5 $1.4B6 $1.3B7 $1.4B8 $101.4M2 $102.6M2 $84.4M2 Operating income $158.0M4 $112.0M5 $173.0M6 $170.0M7 $69.0M8 -$112.2M2 -$260.3M2 -$92.5M2 Interest $116.0M4 $110.0M5 $112.0M6 $175.0M7 $163.0M8 $14.6M2 $12.4M2 $28.2M2 Income tax $51.0M4 $52.0M5 $17.0M6 $20.0M7 $37.0M8 $32.9M2 -$19.3M2 -$31.1M2 Net income $150.0M4 $127.0M5 $229.0M6 $155.0M7 $30.0M8 $54.5M2 -$39.4M2 $48.8M2 Earnings per share $1.754 $1.475 $2.666 $1.807 $0.358 $0.642 -$0.462 $0.572 Earnings per share (diluted) $1.724 $1.445 $2.626 $1.777 $0.358 $0.632 -$0.462 $0.562
Total assets13 4 5 6 8 2 $4.7B in 2025−36% since 2018 0 $5.0B $10.0B $15.0B 2018: $7.3B $7.3B 2018 2019: $8.2B $8.2B 2019 +12% 2020: $9.7B $9.7B 2020 +19% 2021: $10.3B $10.3B 2021 +7% 2022: $11.1B $11.1B 2022 +8% 2023: $10.8B $10.8B 2023 −3% 2024: $10.4B $10.4B 2024 −3% 2025: $4.7B $4.7B 2025 −55% Shareholders’ equity13 4 5 6 7 8 2 $2.6B in 2025−37% since 2018 0 $2.0B $4.0B $6.0B 2018: $4.1B $4.1B 2018 2019: $4.2B $4.2B 2019 +3% 2020: $4.4B $4.4B 2020 +5% 2021: $4.5B $4.5B 2021 +3% 2022: $4.6B $4.6B 2022 +0% 2023: $4.6B $4.6B 2023 +2% 2024: $4.6B $4.6B 2024 −1% 2025: $2.6B $2.6B 2025 −44% Cash13 4 5 6 7 8 2 $113.4M in 2025−80% since 2018 0 $500.0M $1.0B $1.5B 2018: $580.0M $580.0M 2018 2019: $285.0M $285.0M 2019 −51% 2020: $1.3B $1.3B 2020 +346% 2021: $156.0M $156.0M 2021 −88% 2022: $273.0M $273.0M 2022 +75% 2023: $150.0M $150.0M 2023 −45% 2024: $143.7M $143.7M 2024 −4% 2025: $113.4M $113.4M 2025 −21% Total assets9 10 11 12 $3.4B in Q2 FY2026−68% since Q2 FY2025 0 $5.0B $10.0B $15.0B Q2 FY2025: $10.4B $10.4B Q2 FY2025 Q3 FY2025: $4.9B $4.9B Q3 FY2025 −53% Q1 FY2025: $4.7B $4.7B Q1 FY2025 −5% Q2 FY2025: $4.7B $4.7B Q2 FY2025 +0% Q1 FY2026: $4.0B $4.0B Q1 FY2026 −15% Q2 FY2026: $3.4B $3.4B Q2 FY2026 −15% Shareholders’ equity9 10 11 12 $1.3B in Q2 FY2026−72% since Q2 FY2025 0 $2.0B $4.0B $6.0B Q2 FY2025: $4.6B $4.6B Q2 FY2025 Q3 FY2025: $4.6B $4.6B Q3 FY2025 +0% Q3 FY2025: $2.5B $2.5B Q3 FY2025 −45% Q1 FY2025: $2.6B $2.6B Q1 FY2025 +1% Q2 FY2025: $2.6B $2.6B Q2 FY2025 +0% Q1 FY2026: $1.9B $1.9B Q1 FY2026 −28% Q2 FY2026: $1.9B $1.9B Q2 FY2026 +0% Q2 FY2026: $1.3B $1.3B Q2 FY2026 −32% Cash9 10 11 12 $416.4M in Q2 FY2026+8% since Q2 FY2025 0 $200.0M $400.0M $600.0M Q2 FY2025: $386.0M $386.0M Q2 FY2025 Q3 FY2025: $325.6M $325.6M Q3 FY2025 −16% Q1 FY2025: $113.4M $113.4M Q1 FY2025 −65% Q2 FY2025: $113.4M $113.4M Q2 FY2025 +0% Q1 FY2026: $253.6M $253.6M Q1 FY2026 +124% Q2 FY2026: $416.4M $416.4M Q2 FY2026 +64% Fiscal year 2018 2019 2020 2021 2022 2023 2024 2025 Cash $580.0M13 $285.0M4 $1.3B5 $156.0M6 $273.0M7 $150.0M8 $143.7M2 $113.4M2 Current assets $1.8B13 $1.6B4 $2.6B5 $1.6B6 $1.7B7 $1.4B8 $1.3B2 $144.8M2 Total assets $7.3B13 $8.2B4 $9.7B5 $10.3B6 $11.1B8 $10.8B8 $10.4B2 $4.7B2 Current liabilities $691.0M13 $750.0M4 $871.0M5 $903.0M6 $1.2B7 $901.0M8 $883.8M2 $200.0M2 Shareholders’ equity $4.1B13 $4.2B4 $4.4B5 $4.5B6 $4.6B7 $4.6B8 $4.6B2 $2.6B2 Shares outstanding 86.0M shares13 86.0M shares4 86.0M shares5 86.0M shares6 85.0M shares7 85.0M shares8 85.1M shares2 86.4M shares2
Cash from operations4 5 6 7 8 2 $200.8M in 2025−72% since 2018 0 $500.0M $1.0B $1.5B 2018: $709.0M $709.0M 2018 2019: $724.0M $724.0M 2019 +2% 2020: $1.2B $1.2B 2020 +71% 2021: $802.0M $802.0M 2021 −35% 2022: $832.0M $832.0M 2022 +4% 2023: $866.9M $866.9M 2023 +4% 2024: $882.5M $882.5M 2024 +2% 2025: $200.8M $200.8M 2025 −77% Capital spending6 7 8 2 $27.2M in 2025−97% since 2020 0 $250.0M $500.0M $750.0M $1.0B 2020: $989.0M $989.0M 2020 2021: $724.0M $724.0M 2021 −27% 2022: $602.0M $602.0M 2022 −17% 2023: $40.6M $40.6M 2023 −93% 2024: $18.5M $18.5M 2024 −55% 2025: $27.2M $27.2M 2025 +47% Free cash flow6 7 8 2 $173.6M in 2025−30% since 2020 0 $250.0M $500.0M $750.0M $1.0B 2020: $248.0M $248.0M 2020 2021: $78.0M $78.0M 2021 −69% 2022: $230.0M $230.0M 2022 +195% 2023: $826.2M $826.2M 2023 +259% 2024: $864.0M $864.0M 2024 +5% 2025: $173.6M $173.6M 2025 −80% Share buybacks4 5 6 7 8 2 $21.4M in 20250 $20.0M $40.0M $60.0M 2018: $0 $0 2018 2019: $21.0M $21.0M 2019 2020: $23.0M $23.0M 2020 +10% 2021: $31.0M $31.0M 2021 +35% 2022: $43.0M $43.0M 2022 +39% 2023: $0 $0 2023 2024: $54.1M $54.1M 2024 2025: $21.4M $21.4M 2025 −61% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2018 2019 2020 2021 2022 2023 2024 2025 Cash from operations $709.0M4 $724.0M5 $1.2B6 $802.0M7 $832.0M8 $866.9M2 $882.5M2 $200.8M2 Capital spending $989.0M6 $724.0M7 $602.0M8 $40.6M2 $18.5M2 $27.2M2 Free cash flow $248.0M $78.0M $230.0M $826.2M $864.0M $173.6M Share buybacks $04 $21.0M5 $23.0M6 $31.0M7 $43.0M8 $02 $54.1M2 $21.4M2 Dividend per share $23.002
Compare ARRAY DIGITAL INFRASTRUCTURE, INC. with another company
Former names
UNITED STATES CELLULAR CORP May 17, 1994 to Jul 25, 20253
Recent filings
Sep 23, 2026 SCHEDULE 13G Sep 16, 2026 144 Sep 15, 2026 4 Aug 7, 2026 8-K Aug 7, 2026 10-Q Aug 3, 2026 SCHEDULE 13G/A Jun 1, 2026 8-K May 21, 2026 8-K May 20, 2026 4 May 20, 2026 4 May 20, 2026 4 May 20, 2026 3 May 14, 2026 SCHEDULE 13G May 8, 2026 8-K May 8, 2026 8-K Every filing from the last three years, summarized . The full record is on SEC EDGAR.1
