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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›AD

AD

ARRAY DIGITAL INFRASTRUCTURE, INC.

Next earnings Aug 1, 2026 · consensus $0.64 EPS, $54.1M rev

Last earnings +13.1% on 2026-05-08

Hold
$37.09
▲ +3.34%
$37.09▲ +34.95%
over 1Y
L $27.49EODHDH $44.05
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.3%
1W-4.4%
1M-7.7%
3M+2.6%
YTD+4.7%
1Y+34.9%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
C+
Valuation
Overvalued
Filings
Flagged
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 13 analysts
Buy

Revenue grew 58.3% YoY; but rich valuation (P/E 66.2).

The read

Middling fundamentals and a rich price (~43% above fair value) leave little margin of safety — a wait-and-see.

ARRAY DIGITAL INFRASTRUCTURE, INC. shows $163M in FY2025 revenue (+58.3% YoY), a 29.9% net margin, and 1.9% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$4.12B$4.17B$100M$103M$163M
Gross profit—————
Operating income$170M$69.0M-$112M-$260M-$92.5M
Net income$155M$30.0M$54.5M-$39.4M$48.8M
Diluted EPS$1.77$0.35$0.63-$0.46$0.56
Net margin3.8%0.7%54.2%-38.3%29.9%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)0.30
Earnings yield—
FCF yield—

Quality & risk

ROIC (est.)-2.8%
Free cash flow$174M
Total debt—
Net cash$113M
Piotroski F-Score5/6

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-03-30). Worth a closer look.
  1. 8-K Acquisition / disposition2026-06-01
  2. 8-K Shareholder vote2026-05-21
  3. 8-K Earnings results2026-05-08
  4. 8-K Other event2026-05-08
  5. 10-Q Quarterly report2026-05-08
  6. DEF 14A Proxy statement2026-04-07
  7. 10-K/A Restated periodic report2026-03-30
  8. 8-K Officer / director change2026-03-24
  9. 8-K Earnings results2026-02-20

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-012026-06-01open ↗8-KPeriod ending 2026-05-192026-05-21open ↗3Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗SCHEDULE 13GFiling2026-05-14open ↗10-QPeriod ending 2026-03-312026-05-08open ↗8-KPeriod ending 2026-05-082026-05-08open ↗SCHEDULE 13D/AFiling2026-05-08open ↗8-KPeriod ending 2026-05-082026-05-08open ↗ARSPeriod ending 2025-12-312026-04-07open ↗

Quality score

C+
ValueGrowthProfitHealthMom.
ValueF
GrowthA+
ProfitabilityC-
Financial healthA-
Momentum—
  • ✓Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✗Return on equity above 15%
  • ✗P/E below 25

Fair value est.

$21.28

Overvalued -43% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.56 × (8.5 + 1.5 × 22.0% growth) × 0.95 quality = 38.0× multiple. An estimate, not a price target.

Revenue
$163M
+58.3% YoY
Net margin
29.9%
ROE
1.9%
P/E
66.2

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$163M+58.3%
Net income$48.8M+223.7%
Operating income-$92.5M+64.5%
Diluted EPS$0.56+221.7%
Cash & equivalents$113M-21.1%
Total assets$4.68B-55.2%
Stockholders' equity$2.57B-43.9%
Op.: -56.8%

Frequently asked

Is ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) a buy?
AD currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Revenue grew 58.3% YoY; but rich valuation (P/E 66.2).
What is AD's fair value?
A Modified-Graham model based on AD's SEC fundamentals estimates a fair value of about $21.28. It is an estimate from reported earnings, not a price target.
Is AD overvalued or undervalued?
Against a Modified-Graham fair-value estimate, AD currently appears overvalued relative to its SEC-grounded earnings power.
What is ARRAY DIGITAL INFRASTRUCTURE, INC.'s quality score?
AD scores 60.901960784313715/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0000821130, latest 10-Q filed 2026-05-08) · EODHD · as of 6/27/2026, 6:16:55 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-05-19
HARCZAK HARRY J JR
Director
Award1.87K @ $50.91$95.4K
2026-05-19
Iriarte Esteban C
Director
Award1.87K @ $50.91$95.4K
2026-05-19
Williams Xavier
Director
Award1.87K @ $50.91$95.4K
2026-04-03
Carlson Anthony J
President and CEO
Exercise1.74K @ $48.00$83.6K
2026-04-03
Carlson Anthony J
President and CEO
Tax511.00 @ $48.00$24.5K
2026-04-03
Carlson Anthony J
President and CEO
Exercise4.15K @ $48.00$199K
2026-04-03
Carlson Anthony J
President and CEO
Tax1.22K @ $48.00$58.4K
2026-03-04
Carlson Anthony J
President and CEO
Exercise1.00K @ $49.91$50.1K
2026-03-04
Carlson Anthony J
President and CEO
Tax349.00 @ $49.91$17.4K
2026-01-02
Carlson Anthony J
President and CEO
Exercise5.02K @ $54.00$271K
2026-01-02
Carlson Anthony J
President and CEO
Tax1.35K @ $54.00$73.2K
2025-08-18
HARCZAK HARRY J JR
Director
Sell1.96K @ $76.20$149K

Earnings history

beat/miss · move
2026-05-08Beat +89.5% est▲ +13.12%8-K ↗
2026-02-20Miss -3.3% est▼ -2.13%8-K ↗
2025-11-07Miss -406.8% est▼ -2.79%8-K ↗
2025-08-11Beat +18.5% est▲ +3.72%8-K ↗
2025-05-02—▼ -8.39%8-K ↗
2025-02-21—▼ -2.43%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

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Vs tracked universe

compare →

1047 tracked peers · median

EDGAR Score61 vs 67
Revenue growth58.3% vs 7.2%
Net margin29.9% vs 10.5%
Return on equity1.9% vs 12.4%
P/E66.2 vs 25.5

News sentiment

EODHD · 20d
Bullish
+0.11
vs typical · 31 articles

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.