AD - NYSE

Array Digital Infrastructure, Inc.

AD·NYSE

$51.31

-1.5%

Communication ServicesTelecommunications Services

Array Digital Infrastructure, Inc. provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising Bluetooth audio, wi-fi enabled cameras, and networking products. In addition, it sells wireless devices to agents and other third-party distributors for resale; and offers option for customers to purchase devices and accessories under installment contracts. Further, the company offers wireless roaming, wireless eligible telecommunications carrier, and tower rental services. It serves consumer, business, and government customers. The company provides its products and services through retail sales, direct sales, telesales, ecommerce, resellers, and independent agents, as well as third-party national retailers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. Array Digital Infrastructure, Inc. was incorporated in 1983 and is headquartered in Chicago, Illinois. As of Novemeber 7, 2024, Array Digital Infrastructure, Inc. operates as a subsidiary of Telephone and Data Systems, Inc.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.42B

EPS3.3900

P/E Ratio15.14

Earnings Date07/30/2026

4.94B

Assets

-53%

3Y-56.0%

5Y-49.0%

10Y-30.0%

2.37B

Total Liabilities

-59%

3Y-64.0%

5Y-55.0%

10Y-32.0%

2.57B

Total Equity

-44%

3Y-44.0%

5Y-42.0%

10Y-29.0%

Array Digital Infrastructure, Inc. Funding & Solvency Profile

AD · NYSE

Current Assets

Cash & Cash Equivalents113.40M

Net Receivables21.66M

Inventory0.00

Other Current Assets6.51M

Total Current Assets145 M

Non-Current Assets

Property, Plant & Equipment861.99M

Goodwill & Intangible Assets1.64B

Long-Term Investments412.61M

Other Non-Current Assets1.62B

Total Non-Current Assets3 B

Total Assets

4.94B

Financial Health Analysis

Current Ratio

0.72x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.92x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

-55201000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

3% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Negative working capital with limited cash reserves requires immediate attention—potential liquidity crisis if not addressed promptly.

Array Digital Infrastructure, Inc. Balance Sheet

AD • NYSE

Array Digital Infrastructure, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	113.4M	144M	150M	273M	156M	1.3B	285M	580M	352M	586M	715M	211.5M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	3M	0.0	17M	50M	0.0	0.0	0.0
Cash & Short-Term Investments	113.4M	144M	150M	273M	156M	1.3B	285M	597M	402M	586M	715M	211.5M
Net Receivables	21.7M	955M	958M	1.1B	1.2B	928M	947M	930M	802M	676M	628M	490.9M
Accounts Receivables	7.4M	905M	900M	985M	976M	928M	947M	930M	802M	676M	628M	490.9M
Other Receivables	14.2M	50M	58M	91M	193M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Inventory	0.0	179M	199M	261M	173M	146M	162M	142M	138M	138M	149M	267.1M
Prepaids	3.2M	46M	57M	68M	58M	51M	50M	63M	79M	84M	81M	59.7M
Other Current Assets	6.5M	21M	36M	45M	49M	226M	129M	80M	62M	82M	99M	357M
Total Current Assets	144.8M	1.3B	1.4B	1.7B	1.6B	2.6B	1.6B	1.8B	1.5B	1.6B	1.7B	1.4B
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	862M	3.4B	3.5B	3.5B	3.6B	3.4B	3.1B	2.2B	2.3B	2.5B	2.6B	2.7B
Goodwill	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	370M	370M	370.2M
Intangible Assets	1.6B	4.6B	4.7B	4.7B	4.1B	2.6B	2.5B	2.2B	2.2B	1.9B	1.8B	1.4B
Goodwill & Intangible Assets	1.6B	4.6B	4.7B	4.7B	4.1B	2.6B	2.5B	2.2B	2.2B	2.3B	2.2B	1.8B
Long-Term Investments	412.6M	454M	461M	452M	439M	435M	447M	441M	415M	413M	363M	283M
Tax Assets	264.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	1.6B	643M	705M	712M	644M	602M	566M	633M	400M	405M	172M	251.3M
Total Non-Current Assets	4.8B	9.1B	9.4B	9.4B	8.7B	7.1B	6.6B	5.5B	5.4B	5.5B	5.4B	5.1B
Total Assets	4.9B	10.4B	10.8B	11.1B	10.3B	9.7B	8.2B	7.3B	6.8B	7.1B	7.1B	6.5B
LIABILITIES
CURRENT LIABILITIES
Total Payables	55.3M	272M	280M	391M	393M	387M	304M	313M	310M	321M	285M	316.6M
Accounts Payable	38.4M	232M	241M	344M	346M	387M	304M	313M	310M	321M	285M	316.6M
Other Payables	16.9M	40M	39M	47M	47M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	4.3M	0.0	0.0	0.0	0.0	137M	135M	141M	135M	130M	144M	161.5M
Short Term Debt	19.4M	22M	20M	13M	3M	2M	7M	19M	18M	11M	11M	0.0
Capital Lease Obligations (Current)	0.0	141M	135M	133M	129M	116M	106M	0.0	0.0	0.0	0.0	46K
Tax Payables	0.0	30M	32M	35M	33M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	238M	229M	239M	191M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	121M	211M	237M	419M	187M	230M	198M	219M	270M	256M	308M	399.7M
Total Current Liabilities	200M	884M	901M	1.2B	903M	872M	750M	692M	733M	718M	748M	877.8M
NON-CURRENT LIABILITIES
Long Term Debt	1.2B	2.8B	3B	3.2B	2.7B	2.5B	1.5B	1.6B	1.6B	1.6B	1.6B	1.1B
Deferred Tax Liabilities (Non-Current)	651.6M	728M	755M	708M	674M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	-173.5M	570M	565M	604M	573M	1B	826M	899M	798M	1.1B	1.1B	1.1B
Total Non-Current Liabilities	2.2B	5B	5.2B	5.3B	4.9B	4.4B	3.2B	2.5B	2.4B	2.7B	2.7B	2.3B
Capital Lease Obligations	509.9M	963M	966M	976M	1B	994M	974M	5M	4M	2M	0.0	2.1M
Total Liabilities	2.4B	5.8B	6.1B	6.5B	5.8B	5.2B	3.9B	3.2B	3.2B	3.5B	3.5B	3.1B
SHAREHOLDERS' EQUITY
Treasury Stock	-85.6M	-112M	-80M	-98M	-68M	-67M	-70M	-65M	-120M	-136M	-157M	-169.1M
Common Stock	88.1M	88M	88M	88M	88M	88M	88M	88M	88M	88M	88M	88.1M
Additional Paid-In Capital	1.8B	1.8B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B
Retained Earnings	769.8M	2.8B	2.9B	2.9B	2.8B	2.7B	2.6B	2.4B	2.2B	2.2B	2.1B	1.9B
Total Stockholders' Equity	2.6B	4.6B	4.6B	4.6B	4.5B	4.4B	4.2B	4.1B	3.7B	3.6B	3.6B	3.3B
Total Equity	2.6B	4.6B	4.7B	4.6B	4.6B	4.4B	4.2B	4.1B	3.7B	3.6B	3.6B	3.3B
Minority Interest	6.9M	31M	28M	28M	27M	25M	24M	21M	11M	12M	11M	11.8M
SUMMARY
Total Liabilities & Equity	4.9B	10.4B	10.8B	11.1B	10.3B	9.7B	8.2B	7.3B	6.8B	7.1B	7.1B	6.5B
Total Investments	412.6M	454M	461M	452M	439M	438M	447M	458M	465M	413M	363M	283M
Total Debt	1.7B	3.8B	4B	4.2B	3.7B	3.5B	2.5B	1.6B	1.6B	1.6B	1.6B	1.1B
Net Debt	1.6B	3.7B	3.9B	3.9B	3.6B	2.2B	2.2B	1B	1.3B	1B	925M	915.4M
Shares Outstanding	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959	86,005,959

SEC Filings

AD - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	April 07, 2026	May 19, 2026	2026	View Filing

Showing 1 to 1 of 1 filings

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