Array Digital Infrastructure vs Surgepays
Array Digital Infrastructure is the larger business, with $163m of revenue in fiscal 2025 against $57.0m for Surgepays (2.9 times as much). Surgepays grew faster (-6.4% against -95.6%). Array Digital Infrastructure kept more of each dollar of sales as profit: a net margin of 29.9% against -63.3%.
| Latest fiscal year | Array Digital InfrastructureAD, 2025 | SurgepaysSURG, 2025 |
|---|---|---|
| Revenue | $163m | $57.0m |
| Revenue growth | -95.6% | -6.4% |
| Net income | $48.8m | −$36.1m |
| Operating margin | -56.8% | — |
| Net margin | 29.9% | -63.3% |
| Return on equity | 1.4% | — |
| Free cash flow | $174m | −$21.3m |
| Cash | $113m | $1.7m |
| Total debt | $674m | $22.1m |
| Debt to equity | 26.3% | — |
| Dividend per share | — | — |
| Dividend yield | -5.2% | — |
| Share buybacks | $21.4m | — |
| Employees | 60 | — |
| Market value | $2.91bn | $4.1m |
| Price vs our value range | Above our value range | — |
| Moat score | 28 (Weak) | 18 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 5 buys, 0 sales |