Array Digital Infrastructure, Inc.
Communication ServicesNYSE:AD · New York Stock Exchange
+$0.65 today
Vol 0.28M · Avg 0.29M
Income Statement
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Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.1B of revenue converted into $450.4M of net income for the selected period. Gross margin is 40.8% and net margin is 209.8%, showing how much revenue survives after costs and taxes. EPS is $5.19, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $163.0M -95.7% | $3.8B -3.5% | $3.9B -6.3% | $4.2B +1.1% | $4.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $127.7M -92.2% | $1.6B -5.7% | $1.7B -12.3% | $2.0B +3.3% | $1.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $35.2M -98.4% | $2.1B -1.7% | $2.2B -0.9% | $2.2B -0.7% | $2.2B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 21.6% -35.2pp | 56.8% +1.0pp | 55.8% +3.0pp | 52.7% -1.0pp | 53.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $84.4M -93.7% | $1.3B -2.8% | $1.4B -2.8% | $1.4B +4.7% | $1.3B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $84.4M -96.1% | $2.2B +5.5% | $2.0B -4.2% | $2.1B +4.2% | $2.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $48.3M -92.7% | $665.0M +1.4% | $656.0M -6.3% | $700.0M +3.2% | $678.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $217.6M -73.7% | $826.0M -14.2% | $963.0M +3.0% | $935.0M -9.5% | $1.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 133.5% +111.6pp | 21.9% -2.7pp | 24.7% +2.2pp | 22.4% -2.6pp | 25.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$49.2M -310.3% | -$12.0M -108.6% | $139.0M +101.4% | $69.0M -59.4% | $170.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -30.2% -29.9pp | -0.3% -3.9pp | 3.6% +1.9pp | 1.7% -2.5pp | 4.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $18.9M +57.6% | $12.0M +20.0% | $10.0M +25.0% | $8.0M +33.3% | $6.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $28.2M -84.6% | $183.0M -6.6% | $196.0M +20.2% | $163.0M -6.9% | $175.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $190.3M +2003.5% | -$10.0M +64.3% | -$28.0M -1033.3% | $3.0M -70.0% | $10.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $141.1M +741.5% | -$22.0M -119.8% | $111.0M +54.2% | $72.0M -60.0% | $180.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 86.6% +87.2pp | -0.6% -3.4pp | 2.8% +1.1pp | 1.7% -2.6pp | 4.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$31.1M -411.5% | $10.0M -81.1% | $53.0M +43.2% | $37.0M +85.0% | $20.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $290.9M +846.0% | -$39.0M -172.2% | $54.0M +80.0% | $30.0M -80.6% | $155.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 178.5% +179.6pp | -1.0% -2.4pp | 1.4% +0.7pp | 0.7% -3.0pp | 3.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +853.3% | -$0 -170.3% | $1 +82.9% | $0 -80.6% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +823.9% | -$0 -173.0% | $1 +80.0% | $0 -80.2% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $85.9M -0.1% | $86.0M +1.2% | $85.0M +0.0% | $85.0M -1.2% | $86.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $87.3M +1.5% | $86.0M -1.1% | $87.0M +1.2% | $86.0M -1.1% | $87.0M | $1.2B | $924.4M | $678.0M |
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How much revenue does AD generate?
Array Digital Infrastructure, Inc. (AD) reported $162.96M of revenue in fiscal 2025.
Is AD profitable?
Array Digital Infrastructure, Inc. (AD) reported $290.92M of net income, with a net margin of 178.5%.
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