Array Digital Infrastructure (AD) Intangibles (2009 - 2026)
Array Digital Infrastructure (AD) posted Intangibles of $1.59 billion for Q2 2026, down 65.2% from $4.58 billion a year earlier and down 2.9% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Array Digital Infrastructure's Intangibles came in at $1.64 billion, down 50.0% from FY2024.
- Annual Intangibles shows a five-year compound annual growth rate of -9.0% (FY2020 to FY2025).
- In prior years, Array Digital Infrastructure's Intangibles was $3.28 billion in FY2024 (-30.1%), $4.69 billion in FY2023 (+0.1%), $4.69 billion in FY2022 (+14.7%) and $4.09 billion in FY2021 (+55.5%).
- The Q2 2026 figure stands as the lowest quarterly Intangibles since Q4 2014.
- On a year-over-year basis, Intangibles has declined in each of the last eight quarters, with an average decline of 35.2% over the last eight quarters.
- The strongest year-over-year quarter for Intangibles in the past five years was Q3 2021, with growth of 56.1%; the weakest was Q2 2026, with a decline of 65.2%.
- According to Business Quant data, Intangibles for the three prior quarters was $1.64 billion (Q1 2026), $1.64 billion (Q4 2025) and $1.65 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 13.98 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 2.33 Bn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 27.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 2.87 Bn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 1.12 Bn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 598.50 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 1.59 Bn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 284.30 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 715.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.59 Bn |
| Mar 31, 2026 | 1.64 Bn |
| Dec 31, 2025 | 1.64 Bn |
| Sep 30, 2025 | 1.65 Bn |
| Jun 30, 2025 | 4.58 Bn |
| Mar 31, 2025 | 4.58 Bn |
| Dec 31, 2024 | 3.28 Bn |
| Sep 30, 2024 | 4.58 Bn |
| Jun 30, 2024 | 4.72 Bn |
| Mar 31, 2024 | 4.71 Bn |
| Dec 31, 2023 | 4.69 Bn |
| Sep 30, 2023 | 4.69 Bn |
| Jun 30, 2023 | 4.69 Bn |
| Mar 31, 2023 | 4.69 Bn |
| Dec 31, 2022 | 4.69 Bn |
| Sep 30, 2022 | 4.68 Bn |
| Jun 30, 2022 | 4.68 Bn |
| Mar 31, 2022 | 4.68 Bn |
| Dec 31, 2021 | 4.09 Bn |
| Sep 30, 2021 | 4.10 Bn |
API Access
Array Digital Infrastructure Intangibles 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=intangibles&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();