AD
Array Digital Infrastructure, Inc. Communication Services Radiotelephone Communications Russell 3000
$32.86Close
$2.8BMarket cap
$29.14 – $44.0552-week range
Nov 6, 2026Next report
Highlights
Strengths
- Earnings growing EPS +1056% year on year, faster than the quarter before (+162 pts)
Cautions
- Not in an uptrend 0 of 8 trend conditions
- Lagging the market RS 29 · weaker than 71% of stocks over 12 months
- Far from its high 25% below its 52-week high
- Distribution down-day volume 1.7× up-day volume over 50 sessions
- Results soon Nov 6, 2026, in 5 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
25%
1wk
down 2.1%
price change
1mo
down 2.6%
price change
12-month return
up 2%
market up 11% ·
its own down 11%
F-score
5 / 9
Mixed
Altman Z″
1.60
Moderate risk
P/E
41.0×
price / earnings
PEG
—
P/E / EPS growth
P/B
1.1×
price / book
Earnings yield
down 2.7%
EBIT / enterprise value
Cheaper than
61%
of the market · cheap
Revenue growth
down 96%
year on year
EPS growth
up 1056%
latest quarter · +162 pts
Sales growth
down 94%
latest quarter · +0 pts
ROE
up 2%
return on equity
Free cash margin
up 107%
$173.6M FCF
D/E
0.26
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- short-term liquidity weakened
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
Repair signals
- Long-term debt down 45% ($1.2B → $0.7B)
Trade setup
ATR%
2.7%
$0.89 a day · 2×ATR $31.09
RS
29 / 99
vs the universe
Trend
0 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
0.58
50 sessions
Implied move
—
no option chain · report Nov 6, 2026
Trend template · 0 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Gross margin narrowing Gross margin fell from 98.0% to 51.2%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 95.6% over the year, from $3.7B to $163.0M.
Last reported
Aug 7, 2026
Results reaction
Aug 7, 2026-2% vs market2 sessions after results
Financials
- Gross 51%
- Net 42%
- Free cash 107%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | $4.1B | $3.8B | $3.7B | $163.0M |
| Gross margin | — | — | — | 98% | 98% | 51% |
| Operating income | $173.0M | $170.0M | $69.0M | -$112.2M | -$260.3M | -$92.5M |
| Net income | $229.0M | $159.8M | $34.8M | $57.9M | -$31.6M | $69.2M |
| Net margin | 6% | 4% | 1% | 2% | -1% | 42% |
| Earnings per share | $2.63 | $1.84 | $0.40 | $0.67 | -$0.37 | $0.79 |
| Free cash flow | $248.0M | $78.0M | $230.0M | $826.2M | $864.0M | $173.6M |
| Free cash margin | 6% | 2% | 6% | 22% | 24% | 107% |
| Cash | $1.3B | $156.0M | $273.0M | $150.0M | $143.7M | $113.4M |
| Long-term debt | $2.5B | $2.7B | $3.2B | $3.1B | $1.2B | $674.3M |
| Shareholders' equity | $4.4B | $4.5B | $4.6B | $4.6B | $4.6B | $2.6B |
| Shares outstanding | 86m | 86m | 85m | 85m | 85.09m | 86.38m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 7, 2026 | Quarterly ↗ | Jun 30, 2026 | 38d |
| May 8, 2026 | Quarterly ↗ | Mar 31, 2026 | 38d |
| Feb 20, 2026 | Annual ↗ | Dec 31, 2025 | 51d |
| Nov 7, 2025 | Quarterly ↗ | Sep 30, 2025 | 38d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| May 2, 2025 | Quarterly ↗ | Mar 31, 2025 | 32d |
| Feb 21, 2025 | Annual ↗ | Dec 31, 2024 | 52d |
| Nov 1, 2024 | Quarterly ↗ | Sep 30, 2024 | 32d |
| Aug 2, 2024 | Quarterly ↗ | Jun 30, 2024 | 33d |
| May 3, 2024 | Quarterly ↗ | Mar 31, 2024 | 33d |
| Feb 16, 2024 | Annual ↗ | Dec 31, 2023 | 47d |
| Nov 3, 2023 | Quarterly ↗ | Sep 30, 2023 | 34d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 7, 2026 | Results ↗ |
| Jun 1, 2026 | Acquisition or disposal · Other events ↗ |
| May 21, 2026 | Shareholder vote ↗ |
| May 8, 2026 | Results ↗ |
| May 8, 2026 | Other events ↗ |
| Mar 24, 2026 | Director or officer change ↗ |
| Feb 20, 2026 | Results ↗ |
| Jan 13, 2026 | Acquisition or disposal · Other events ↗ |
| Dec 12, 2025 | Material agreement ↗ |
| Nov 7, 2025 | Director or officer change ↗ |
| Nov 7, 2025 | Results ↗ |
| Oct 10, 2025 | Shareholder vote ↗ |