Array Digital Infrastructure, Inc. income statement
In fiscal 2025, Array Digital Infrastructure, Inc. reported revenue of $163m, down 95.6% on the year before, operating income of −$92.5m (a -56.8% margin) and net income of $48.8m, or $0.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,214 | 4,178 | 4,343 | 4,452 | 3,919 | 3,893 | 4,031 | 3,990 | 3,890 | 3,967 | 4,022 | 4,037 | 4,122 | 4,169 | 3,805 | 3,667 | 163 | 214 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 68 | 73 | 79 | 89 |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,737 | 3,594 | 83 | 125 |
| Selling, general and administrative | 1,747 | 1,783 | 1,770 | 1,765 | 1,677 | 1,592 | 1,494 | 1,480 | 1,412 | 1,388 | 1,406 | 1,368 | 1,345 | 1,408 | 101 | 103 | 84 | 72 |
| Operating income | 326 | 201 | 281 | 157 | 147 | −143 | 347 | 48 | −304 | 158 | 112 | 173 | 170 | 69 | −112 | −260 | −93 | 515 |
| Interest expense | 78 | 62 | 66 | 42 | 44 | 57 | 86 | 113 | 113 | 116 | 110 | 112 | 175 | 163 | 15 | 12 | 28 | 39 |
| Income before tax | 349 | 241 | 313 | 205 | 258 | −59 | 404 | 82 | −272 | 215 | 185 | 250 | 180 | 72 | 41 | −100 | 141 | 798 |
| Income tax | 118 | 82 | 114 | 64 | 113 | −12 | 157 | 33 | −287 | 51 | 52 | 17 | 20 | 37 | 33 | −19 | −31 | 129 |
| Net income | 210 | 136 | 175 | 111 | 140 | −43 | 241 | 48 | 12 | 150 | 127 | 229 | 155 | 30 | 54 | −39 | 49 | 536 |
| Diluted EPS | $2.40 | $1.57 | $2.05 | $1.30 | $1.65 | −$0.51 | $2.84 | $0.56 | $0.14 | $1.72 | $1.44 | $2.62 | $1.77 | $0.35 | $0.63 | −$0.46 | $0.56 | $6.19 |
| Diluted shares (average) | 87m | 87m | 85m | 85m | 85m | 84m | 85m | 85m | 86m | 87m | 88m | 87m | 87m | 86m | 87m | 86m | 87m | 87m |
| EBITDA | 877 | 760 | 846 | 754 | 938 | 450 | 943 | 655 | 300 | 785 | 801 | 842 | 832 | 751 | −71 | −222 | −53 | 557 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 896 | 945 | 864 | 888 | 47 | 60 | 52 | 54 |
| Cost of revenue | 18 | 20 | 16 | 19 | 21 | 23 | 22 | 23 |
| Gross profit | 878 | 925 | 848 | 869 | 26 | 38 | 30 | 31 |
| Selling, general and administrative | 21 | 24 | 29 | 19 | 21 | 15 | 13 | 23 |
| Operating income | −160 | −29 | −30 | −18 | −53 | 9 | 161 | 399 |
| Interest expense | 4 | 3 | 4 | 4 | 9 | 12 | 7 | 11 |
| Income before tax | −118 | 8 | 5 | 24 | 47 | 65 | 232 | 453 |
| Income tax | −22 | −4 | −0 | 8 | −63 | 23 | 52 | 116 |
| Net income | −79 | 5 | 18 | 31 | −38 | 37 | 178 | 359 |
| Diluted EPS | −$0.92 | $0.05 | $0.21 | $0.36 | −$0.44 | $0.43 | $2.06 | $4.15 |
| EBITDA | −148 | −25 | −18 | −6 | −41 | 12 | 173 | 414 |
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