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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |