AD

Array Digital Infrastructure, Inc.

ADยทNYSE

$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.

At a Glance

Live Snapshot
Market Cap$4.42B
EPS3.3900
P/E Ratio15.14
Earnings Date07/30/2026
3Y-76.0%
5Y-84.0%
10Y-60.0%
3Y-307.0%
5Y-310.0%
10Y-494.0%
3Y-689.0%
5Y-390.0%
10Y+22270.0%
A

Array Digital Infrastructure, Inc. Cash Conversion Engine

AD ยท NYSE
Net Income169.65M
Depreciation & Amortization48.26M
Stock-Based Compensation0.00
Change in Working Capital-197.61M
Others218.26M
Capital Expenditures-27.20M
Free Cash Flow173.64M

Cash Flow Quality Analysis

FCF Conversion Rate

102.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

13.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-46.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$197.61M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Array Digital Infrastructure, Inc. Cash Flow Statement

AD โ€ข NYSE

Array Digital Infrastructure, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
OPERATING ACTIVITIES
169.7M
-32M
58M
35M
160M
229M
127M
150M
12M
48M
241M
-43M
48.3M
665M
656M
700M
678M
683M
702M
640M
615M
618M
607M
606M
-37.7M
-27M
47M
33M
41M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
55M
23M
24M
27M
32M
41M
37M
30M
26M
25M
22M
218.3M
267M
117M
149M
107M
324M
34M
58M
104M
147M
-117M
-184M
(0.0)
(0.0)
(0.0)
(0.0)
(6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-197.6M
-45M
-35M
-109M
-211M
-31M
-180M
-176M
-292M
-338M
-201M
-229M
200.8M
883M
866M
832M
802M
1.2B
724M
709M
469M
501M
555M
172M
INVESTING ACTIVITIES
-31.4M
-537M
-608M
-602M
-724M
-989M
-650M
-512M
-465M
-443M
-581M
-605M
(5.4M)
(0.0)
(0.0)
(8M)
(3M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.5B
-19M
-113M
-585M
-1.3B
-174M
-214M
48M
-218M
-175M
31M
134M
(2.4B)
-556M
-721M
-1.2B
-2B
-1.2B
-864M
-464M
-683M
-618M
-550M
-471M
FINANCING ACTIVITIES
-21.4M
-54M
0.0
-43M
-31M
-34M
-30M
0.0
0.0
-5M
-6M
-19M
-556.7M
-208M
-198M
531M
224M
1B
-116M
-19M
-14M
-11M
525M
275M
-2B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-21.4M
-54M
(0.0)
-43M
-31M
-34M
-30M
(0.0)
(0.0)
-5M
-6M
-19M
-119.6M
-85M
-76M
-32M
-51M
-57M
-6M
5M
-6M
4M
-22M
-87M
-2.7B
-347M
-274M
456M
142M
926M
-152M
-14M
-20M
-12M
497M
169M
CASH FLOW SUMMARY
142K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-45.6M
-20M
-129M
109M
-1.1B
1B
-292M
231M
-234M
-129M
503M
212M
159M
179M
308M
199M
1.3B
291M
583M
352M
586M
715M
212M
0.0
113.4M
159M
179M
308M
199M
1.3B
291M
583M
352M
586M
715M
212M
173.6M
326M
128M
-355M
-1.2B
248M
74M
197M
4M
58M
-26M
-433M

SEC Filings

AD - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

April 07, 2026
May 19, 2026
2026
Showing 1 to 1 of 1 filings