ADNYSERadiotelephone CommunicationsFiscal year ends December 31Also trades as UZD, UZE, UZF
ARRAY DIGITAL INFRASTRUCTURE, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$32.74−0.73 (-2.18%)
Close on Oct 19, 2026
- Market cap
- $2.83B
- P/E (TTM)
- 5.3
- Dividend yield
- 70.25%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
51.2%
Operating margin
-56.8%−61.1 pts over 5 years
Net margin
29.9%+24.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +58.3% | -66.1% | -47.4% | -27.4% | |
| Gross profit | +178.8% | – | – | -30.1% | |
| Net income | – | +17.6% | -26.6% | -14.8% | |
| EPS, diluted | – | +17.0% | -26.6% | -15.0% | |
| Free cash flow | -79.9% | -8.9% | -6.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 1.3% | 5.3% | 1.4% | |
| Return on assets | 0.7% | 2.6% | 0.6% | |
| Current ratio | 2.17 | 3.01 | 0.72 | |
| Debt to equity | 0.45 | 0.56 | 0.26 | |
| Net debt to EBITDA | 1.59× | 1.43× | -10.50× | |
| Interest coverage | 0.4× | 1.5× | -3.3× | |
| Inventory turnover | 7.5× | – | – | |
| Capex to revenue | 11.1% | 24.5% | 16.7% | |
| Diluted shares | 85M | 87M | 87M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Array Digital Infrastructure generated $3.58B from operations and spent $1.56B on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
$3.58B
Used
$1.56B
Capital expenditure$1.41B90%Dividends$00%Share buybacks$149.45M10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin29.9%
×Asset turnover0.02×
×Equity multiplier2.12×
=Return on equity, FY20251.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 29.9% | 0.02× | 2.12× | 1.4% |
| FY2024 | -38.3% | 0.01× | 2.30× | -0.9% |
| FY2023 | 54.2% | 0.01× | 2.38× | 1.2% |
| FY2022 | 0.7% | 0.39× | 2.36× | 0.7% |
| FY2021 | 3.8% | 0.41× | 2.24× | 3.5% |
| FY2020 | 5.7% | 0.45× | 2.07× | 5.3% |
| FY2019 | 3.2% | 0.52× | 1.87× | 3.1% |
| FY2018 | 3.8% | 0.56× | 1.83× | 3.9% |
| FY2017 | 0.3% | 0.56× | 1.91× | 0.3% |
| FY2016 | 1.2% | 0.56× | 1.97× | 1.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$48.76M
- Cash generatingOperating cash flow above zero$200.84M
- Return on assets improvedROA up on the prior year-0.4% → 0.5%
- Earnings backed by cashOperating cash flow above net income$200.84M vs $48.76M
- Less leverageLong-term debt to assets fell11.5% → 14.3%
- Better liquidityCurrent ratio rose1.52 → 0.72
- No dilutionShare count did not rise86M → 87M
- Gross margin improvedGross margin up on the prior year29.08% → 51.22%
- More efficientAsset turnover rose0.01 → 0.02