AD · XBRL financial data

Array Digital Infrastructure financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (AD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	4,037	4,122	4,169	3,906	3,770	163
Revenue from contracts with customers	3,960	4,039	4,076	3,805	3,667	—
Cost of goods and services sold	—	—	—	68	73	79
Selling, general and administrative	1,368	1,345	1,408	1,368	1,330	84
Total operating expenses	3,864	3,952	4,100	3,767	3,782	255
Operating income (loss)	173	170	69	139	(12)	(93)
Interest expense	112	175	163	196	183	28
Other income (expense)	0	—	—	(0)	0	0
Income tax expense (benefit)	17	20	37	53	10	(31)
Net income (loss)	229	155	30	54	(39)	49
Earnings per share, basic USD per share	2.66	1.80	0.35	0.64	(0.46)	0.57
Earnings per share, diluted USD per share	2.62	1.77	0.35	0.63	(0.46)	0.56
Weighted average shares, basic millions of shares	86	86	85	85	86	86
Weighted average shares, diluted millions of shares	87	87	86	87	86	87

Fiscal years (AD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,271	156	273	150	144	113
Short-term investments	3	0	—	—	—	—
Accounts receivable	915	976	985	900	905	—
Inventory	146	173	261	199	179	—
Total current assets	2,623	1,605	1,723	1,400	1,345	145
Property and equipment, net	2,466	2,606	2,624	2,576	2,502	389
Right-of-use asset	924	959	918	915	926	473
Total assets	9,681	10,341	11,119	10,750	10,449	4,678
Total current liabilities	871	903	1,195	901	884	200
Lease liability, non-current	875	889	843	831	822	510
Retained earnings	2,739	2,849	2,861	2,892	2,818	770
Total stockholders' equity	4,411	4,547	4,554	4,626	4,577	2,568
Total liabilities and equity	9,681	10,341	11,119	10,750	10,449	4,678
Common shares outstanding (cover page) millions of shares	86	86	85	85	85	86

Fiscal years (AD's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	229	155	30	54	(39)	49
Stock-based compensation	32	27	24	23	55	2
Depreciation and amortization	669	662	682	637	644	39
Net cash from operating activities	1,237	802	832	866	883	201
Purchases of property and equipment	989	724	602	608	537	27
Net cash from investing activities	(1,163)	(2,036)	(1,179)	(721)	(556)	2,438
Share repurchases	23	31	43	0	54	21
Proceeds from long-term debt	1,125	1,342	800	315	40	325
Repayments of long-term debt	108	1,118	329	453	248	875
Net cash from financing activities	926	142	456	(274)	(347)	(2,684)
Net change in cash	1,000	(1,092)	109	(129)	(20)	(46)

SIC 4812 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Array Digital Infrastructure	416	54	(43)*	86.5M	9.7 quarters	Q2 FY26 10-QJun 30, 2026
Spok Holdings	30	33	13*	20.9M	—	Q3 FY26 10-QSep 30, 2026
Shenandoah Telecommunications	19	94	28*	55.4M	—	Q3 FY26 10-QSep 30, 2026
iQSTEL	2.1	109	(1.5)*	10.9M	1.4 quarters	Q2 FY26 10-Q/AJun 30, 2026
Crexendo	23	25	4.9*	33.4M	—	Q3 FY26 10-QSep 30, 2026
ATN International	318	185	24*	15.4M	—	Q2 FY26 10-QJun 30, 2026
SurgePays	2	16	(2.6)*	52.9M	0.7 quarters	Q2 FY26 10-QJun 30, 2026
Nuvera Communications	0.3	18	3.4*	5.2M	—	Q2 FY26 10-QJun 30, 2026
NextPlat	12	not reported	1.1*	2.7M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.