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ARRAY DIGITAL INFRASTRUCTURE, INC.

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

AD$28.94-4.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheet – Liabilities and Equity

December 31,20252024
(Dollars and shares in thousands, except per share amounts)
Current liabilities
Current portion of long-term debt$4,063$22,000
Accounts payable
Affiliated10,5039,722
Trade27,89226,732
Customer deposits and deferred revenues85,9451,716
Accrued taxes16,88427,077
Accrued compensation4,32289,476
Short-term operating lease liabilities15,29416,133
Current liabilities of discontinued operations20,242671,575
Other current liabilities14,84319,340
Total current liabilities199,988883,771
Non-current liabilities of discontinued operations—2,310,660
Deferred liabilities and credits
Deferred income tax liability, net387,030728,229
Long-term operating lease liabilities509,876495,736
Other deferred liabilities and credits336,379221,376
Long-term debt, net670,2581,201,725
Commitments and contingencies
Noncontrolling interests with redemption features—15,831
Equity
Array shareholders’ equity
Series A Common and Common Shares
Authorized 190,000 shares (50,000 Series A Common and 140,000 Common Shares)
Issued 88,074 shares (33,006 Series A Common and 55,068 Common Shares)
Outstanding 86,380 shares (33,006 Series A Common and 53,374 Common Shares) and 85,094 shares (33,006 Series A Common and 52,088 Common Shares), respectively
Par Value ($1.00 per share) ($33,006 Series A Common and $55,068 Common Shares)88,07488,074
Additional paid-in capital1,795,3691,782,219
Treasury shares, at cost, 1,694 and 2,980 Common Shares, respectively(85,606)(111,589)
Retained earnings769,7892,818,002
Total Array shareholders' equity2,567,6264,576,706
Noncontrolling interests6,93114,947
Total equity2,574,5574,591,653
Total liabilities and equity1$4,678,088$10,448,981

1 The consolidated total assets as of December 31, 2025 and 2024, include assets held by current consolidated variable interest entities (VIEs) of $45.0 million and $193.4 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of December 31, 2025 and 2024, include certain liabilities of current consolidated VIEs of $11.1 million and $24.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 14 — Variable Interest Entities for additional information.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.