Array Digital Infrastructure (AD) Cost of Revenue (2009 - 2026)
Array Digital Infrastructure (AD) posted Cost of Revenue of $23.5 million for Q2 2026, up 21.1% from $19.4 million a year earlier and up 8.7% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Cost of Revenue (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Array Digital Infrastructure was $88.91 million, up 19.9% year-over-year; for FY2025, it came in at $79.49 million, up 8.9% from FY2024.
- Annual Cost of Revenue shows a five-year compound annual growth rate of -46.4% (FY2020 to FY2025).
- In prior years, Array Digital Infrastructure's Cost of Revenue was $73 million in FY2024 (+7.5%), $67.89 million in FY2023 (-96.6%), $1.97 billion in FY2022 (+3.3%) and $1.91 billion in FY2021 (+6.4%).
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue since Q2 2024.
- On a year-over-year basis, Cost of Revenue has increased in each of the last four quarters, with an average decline of 29.2% over the last seven quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was Q1 2026, with growth of 32.7%; the weakest was Q1 2025, with a decline of 95.9%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $21.61 million (Q1 2026), $22.82 million (Q4 2025) and $20.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 75.57 Bn | 75.31 Bn | 2.72 Bn | 33.40 Mn |
| 2 | Digital Realty Trust | 66.06 Bn | 56.59 Bn | - | - |
| 3 | Crown Castle | 28.31 Bn | 27.05 Bn | 989.00 Mn | 19.00 Mn |
| 4 | Sba Communications | 16.81 Bn | 16.90 Bn | 539.27 Mn | 41.93 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 194.22 Mn |
| 6 | OUTFRONT Media | 5.05 Bn | 4.82 Bn | 276.40 Mn | 246.10 Mn |
| 7 | Array Digital Infrastructure | 2.97 Bn | 1.87 Bn | 30.57 Mn | 23.50 Mn |
| 8 | IHS Holding | 2.79 Bn | -67.81 Mn | 207.10 Mn | 221.50 Mn |
| 9 | Fermi | 2.57 Bn | 1.71 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.22 Bn | 503.54 Mn | 241.86 Mn | 196.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.50 Mn |
| Mar 31, 2026 | 21.61 Mn |
| Dec 31, 2025 | 22.82 Mn |
| Sep 30, 2025 | 20.98 Mn |
| Jun 30, 2025 | 19.40 Mn |
| Mar 31, 2025 | 16.29 Mn |
| Dec 31, 2024 | 20.18 Mn |
| Sep 30, 2024 | 18.26 Mn |
| Jun 30, 2024 | 391.00 Mn |
| Mar 31, 2024 | 398.00 Mn |
| Dec 31, 2023 | -1.20 Bn |
| Sep 30, 2023 | 413.00 Mn |
| Jun 30, 2023 | 418.00 Mn |
| Mar 31, 2023 | 435.00 Mn |
| Dec 31, 2022 | 510.00 Mn |
| Sep 30, 2022 | 551.00 Mn |
| Jun 30, 2022 | 467.00 Mn |
| Mar 31, 2022 | 442.00 Mn |
| Dec 31, 2021 | 528.00 Mn |
| Sep 30, 2021 | 457.00 Mn |
API Access
Array Digital Infrastructure Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "AD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();