Array Digital Infrastructure (AD) Free Cash Flow (2009 - 2026)
Array Digital Infrastructure's Free Cash Flow was -$49.27 million in Q2 2026, compared with $321.37 million a year earlier.
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Analysis
Array Digital Infrastructure (AD) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Array Digital Infrastructure's Free Cash Flow was -$338.11 million through Jun 30, 2026; for FY2025, it was $173.64 million, down 79.9% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $864 million in FY2024 (+4.6%), $826.22 million in FY2023 (+259.2%), $230 million in FY2022 (+194.9%) and $78 million in FY2021 (-68.5%).
- Quarterly Free Cash Flow has moved between -$210.67 million (Q4 2025) and $561.22 million (Q4 2023) over five years.
- Compared with a year earlier, Free Cash Flow was higher in three of the last five quarters, with growth averaging 29.8%.
- The best year-over-year quarter for Free Cash Flow over five years was Q3 2021 (growth of 230.8%); the worst was Q1 2026 (a decline of 93.0%).
- Per Business Quant data, AD's Free Cash Flow in the three quarters before Q2 2026 was $10.66 million (Q1 2026), -$210.67 million (Q4 2025) and -$88.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 1.17 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 148.62 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 472.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 344.76 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 209.70 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 91.20 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | -49.27 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 179.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | -233.64 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 25.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -49.27 Mn |
| Mar 31, 2026 | 10.66 Mn |
| Dec 31, 2025 | -210.67 Mn |
| Sep 30, 2025 | -88.83 Mn |
| Jun 30, 2025 | 321.37 Mn |
| Mar 31, 2025 | 151.76 Mn |
| Dec 31, 2024 | 115.89 Mn |
| Sep 30, 2024 | 502.11 Mn |
| Jun 30, 2024 | 176.00 Mn |
| Mar 31, 2024 | 70.00 Mn |
| Dec 31, 2023 | 561.22 Mn |
| Sep 30, 2023 | 226.00 Mn |
| Jun 30, 2023 | 194.00 Mn |
| Mar 31, 2023 | -155.00 Mn |
| Dec 31, 2022 | -13.00 Mn |
| Sep 30, 2022 | -47.00 Mn |
| Jun 30, 2022 | 129.00 Mn |
| Mar 31, 2022 | 161.00 Mn |
| Dec 31, 2021 | -133.00 Mn |
| Sep 30, 2021 | 129.00 Mn |
API Access
Array Digital Infrastructure Free Cash Flow 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=free-cash-flow&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();