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Companies / Communication Services / Array Digital Infrastructure, Inc.
AD

Array Digital Infrastructure, Inc.

Ticker ADCHICAGO, ILFiscal year ends DecemberBook value per share $15.43Diluted shares 86.5M

Array Digital Infrastructure, Inc. (NYSE: AD) owns and operates communications towers, leasing space to wireless carriers and other tenants that install network equipment, and provides related services. Its major tower tenants include T-Mobile, AT&T and Verizon. As of December 31, 2025, Array owned 4,450 towers in 19… From the company’s description.

Over the twelve months to Sep 30, 2026, Array Digital Infrastructure, Inc. reported revenue of $220.28M and net income of $890.22M. Its operating margin was 257.1%, and operations used $396.63M in cash. In fiscal 2025, it reported revenue of $162.96M and net income of $172.27M.

Fiscal year 2025 · ends 12-31No changes shown: the filing behind fiscal 2025 re-reports fiscal 2024 on a different basisThe amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$162.96MFY2025
Last 12 mo $220.28M
-56.78%FY2025
Last 12 mo 257.09%
$172.27MFY2025
Last 12 mo $890.22M
3.35%FY2025
Last 12 mo 48.16%
Cash & financing
$200.84MFY2025
Last 12 mo $-396.63M
$173.64MFY2025
Last 12 mo $-426.25M
0.26FY2025
Last 12 mo 0.50
87.3MFY2025
Last 12 mo 86.5M

Dotted labels explain each measure. is shown separately from the annual figures.

What Array Digital Infrastructure, Inc. does

In the company’s own words

Array Digital Infrastructure, Inc. (NYSE: AD) owns and operates communications towers, leasing space to wireless carriers and other tenants that install network equipment, and provides related services. Its major tower tenants include T-Mobile, AT&T and Verizon. As of December 31, 2025, Array owned 4,450 towers in 19 states and had approximately 60 full-time and part-time associates. The company also holds noncontrolling interests in wireless operating companies and certain wireless spectrum licenses. Until August 1, 2025, it provided wireless communication services; it sold those operations and select spectrum assets to T-Mobile and changed its name from United States Cellular Corporation to Array in August 2025. Separate agreements cover sales of additional spectrum licenses. Array’s primary business is tower leasing, with no reportable segments described. Its website is www.arrayinc.com.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
821130
SIC
4812

Financial performance, year by year

Fiscal 2011–2025 · USD
$-496.82M$852.88M$2.20B$3.55B$4.90B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Array Digital Infrastructure, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

119
funds hold it
0 of 35
superinvestors hold it
$280.67M
held by funds, at market
11.9%
of shares held by funds

Largest fund holders · Array Digital Infrastructure, Inc.’s weight in each

Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
U.S. Targeted Value Portfolio
DFFVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

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