ARRAY DIGITAL INFRASTRUCTURE, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
AD$29.98-4.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| Array Digital Infrastructure, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statement of Operations | ||||
| (Unaudited) | ||||
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (Dollars and shares in thousands, except per share amounts) | ||||
| Operating revenues | ||||
| Site rental | $45,838 | $25,669 | $99,663 | $76,591 |
| Services | 1,281 | 70 | 2,969 | 254 |
| Total operating revenues | 47,119 | 25,739 | 102,632 | 76,845 |
| Operating expenses | ||||
| Cost of operations (excluding Depreciation, amortization and accretion reported below) | 20,976 | 18,263 | 56,662 | 52,822 |
| Selling, general and administrative | 20,525 | 21,176 | 69,063 | 78,997 |
| Depreciation, amortization and accretion | 11,868 | 12,237 | 35,860 | 35,058 |
| Loss on impairment of licenses | 47,679 | 136,234 | 47,679 | 136,234 |
| (Gain) loss on asset disposals, net | 707 | 196 | 620 | 590 |
| (Gain) loss on license sales and exchanges, net | (1,323) | (2,200) | (6,123) | 4,360 |
| Total operating expenses | 100,432 | 185,906 | 203,761 | 308,061 |
| Operating income (loss) | (53,313) | (160,167) | (101,129) | (231,216) |
| Other income (expense) | ||||
| Equity in earnings of unconsolidated entities | 69,811 | 43,109 | 147,453 | 123,445 |
| Interest and dividend income | 8,909 | 3,552 | 15,267 | 9,076 |
| Interest expense | (8,855) | (4,241) | (16,233) | (9,201) |
| Short-term imputed spectrum lease income | 30,413 | — | 30,413 | — |
| Other, net | 254 | — | 253 | — |
| Total other income | 100,532 | 42,420 | 177,153 | 123,320 |
| Income (loss) before income taxes | 47,219 | (117,747) | 76,024 | (107,896) |
| Income tax expense (benefit) | (62,701) | (22,046) | (54,479) | (15,600) |
| Net income (loss) from continuing operations | 109,920 | (95,701) | 130,503 | (92,296) |
| Less: Net income from continuing operations attributable to noncontrolling interests, net of tax | 1,084 | 204 | 2,210 | 5,276 |
| Net income (loss) from continuing operations attributable to Array shareholders | 108,836 | (95,905) | 128,293 | (97,572) |
| Net income (loss) from discontinued operations | (130,492) | 17,320 | (99,193) | 55,712 |
| Less: Net income from discontinued operations attributable to noncontrolling interests, net of tax | 16,809 | 567 | 17,822 | 2,091 |
| Net income (loss) from discontinued operations attributable to Array shareholders | (147,301) | 16,753 | (117,015) | 53,621 |
| Net income (loss) | (20,572) | (78,381) | 31,310 | (36,584) |
| Less: Net income attributable to noncontrolling interests, net of tax | 17,893 | 771 | 20,032 | 7,367 |
| Net income (loss) attributable to Array shareholders | $(38,465) | $(79,152) | $11,278 | $(43,951) |
| Array Digital Infrastructure, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statement of Operations | ||||
| (Unaudited) | ||||
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (Dollars and shares in thousands, except per share amounts) | ||||
| Basic weighted average shares outstanding | 86,251 | 85,832 | 85,726 | 85,717 |
| Basic earnings (loss) per share from continuing operations attributable to Array shareholders | $1.26 | $(1.12) | $1.50 | $(1.14) |
| Basic earnings (loss) per share from discontinued operations attributable to Array shareholders | $(1.71) | $0.20 | $(1.37) | $0.63 |
| Basic earnings (loss) per share attributable to Array shareholders | $(0.45) | $(0.92) | $0.13 | $(0.51) |
| Diluted weighted average shares outstanding | 86,846 | 85,832 | 87,842 | 85,717 |
| Diluted earnings (loss) per share from continuing operations attributable to Array shareholders | $1.25 | $(1.12) | $1.46 | $(1.14) |
| Diluted earnings (loss) per share from discontinued operations attributable to Array shareholders | $(1.69) | $0.20 | $(1.33) | $0.63 |
| Diluted earnings (loss) per share attributable to Array shareholders | $(0.44) | $(0.92) | $0.13 | $(0.51) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.