Array Digital Infrastructure AD
NYSE AD
$38.02 -0.42 (-1.09%)
As of: Sep 10, 2026 · 3:59 PM EDT

Array Digital Infrastructure (AD) Operating Expenses (2009 - 2026)

Array Digital Infrastructure's (AD) quarterly Operating Expenses came in at -$345.2 million in Q2 2026, down 838.87% year-over-year from $46.7 million in Q2 2025, and down 217.35% quarter-over-quarter from -$108.8 million in Q1 2026.

Analysis

Array Digital Infrastructure (AD) Operating Expenses (2009 - 2026) Analysis & Trends

Array Digital Infrastructure has disclosed Operating Expenses across 18 years of filings, most recently posting -$345.2 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 838.87% year-over-year to -$345.2 million; the TTM figure through Jun 2026 stood at -$301.8 million (down 187.62% YoY), while the FY2025 annual figure was $255.5 million, down 29.67% from the prior year.
  • Operating Expenses came in at -$345.2 million for Q2 2026 at Array Digital Infrastructure, down from -$108.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q3 2022 to a low of -$2.6 billion in Q4 2023.
  • Average Operating Expenses over 5 years is $341.4 million, with a median of $538.5 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 102.14% in 2024 and plunged 838.87% in 2026.
  • Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then tumbled by 339.43% to -$2.6 billion in 2023, then surged by 102.14% to $55.2 million in 2024, then decreased by 6.29% to $51.7 million in 2025, then plunged by 767.27% to -$345.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$345.2 million in Q2 2026, -$108.8 million in Q1 2026, and $51.7 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 American Tower 80.54 Bn 78.77 Bn 2.72 Bn 1.48 Bn
2 Crown Castle 31.90 Bn 30.86 Bn 989.00 Mn 538.00 Mn
3 Sba Communications 19.24 Bn 19.24 Bn 539.27 Mn 363.41 Mn
4 Array Digital Infrastructure 3.30 Bn 2.88 Bn 30.57 Mn -345.19 Mn
5 IHS Holding 2.84 Bn 1.77 Bn 207.10 Mn -125.40 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -345.19 Mn
Mar 31, 2026 -108.77 Mn
Dec 31, 2025 51.73 Mn
Sep 30, 2025 100.43 Mn
Jun 30, 2025 46.72 Mn
Mar 31, 2025 56.61 Mn
Dec 31, 2024 55.21 Mn
Sep 30, 2024 185.91 Mn
Jun 30, 2024 891.00 Mn
Mar 31, 2024 899.00 Mn
Dec 31, 2023 -2.58 Bn
Sep 30, 2023 906.00 Mn
Jun 30, 2023 923.00 Mn
Mar 31, 2023 960.00 Mn
Dec 31, 2022 1.08 Bn
Sep 30, 2022 1.10 Bn
Jun 30, 2022 987.00 Mn
Mar 31, 2022 939.00 Mn
Dec 31, 2021 1.06 Bn
Sep 30, 2021 971.00 Mn