Array Digital Infrastructure (AD) Operating Leases (2019 - 2026)
Array Digital Infrastructure (AD) posted Operating Leases of $505.94 million for Q2 2026, down 38.7% from $825 million a year earlier and down 1.1% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Array Digital Infrastructure's Operating Leases came in at $509.88 million, up 2.9% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of -10.2% (FY2020 to FY2025).
- In prior years, Array Digital Infrastructure's Operating Leases was $495.74 million in FY2024 (-40.3%), $831 million in FY2023 (-1.4%), $843 million in FY2022 (-5.2%) and $889 million in FY2021 (+1.6%).
- The Q2 2026 figure stands as the lowest quarterly Operating Leases since Q4 2024.
- On a year-over-year basis, Operating Leases increased in two of the last eight quarters, with an average decline of 19.2%.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q4 2025, with growth of 2.9%; the weakest was Q4 2024, with a decline of 40.3%.
- According to Business Quant data, Operating Leases for the three prior quarters was $511.64 million (Q1 2026), $509.88 million (Q4 2025) and $513.42 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 505.94 Mn |
| Mar 31, 2026 | 511.64 Mn |
| Dec 31, 2025 | 509.88 Mn |
| Sep 30, 2025 | 513.42 Mn |
| Jun 30, 2025 | 825.00 Mn |
| Mar 31, 2025 | 824.00 Mn |
| Dec 31, 2024 | 495.74 Mn |
| Sep 30, 2024 | 813.00 Mn |
| Jun 30, 2024 | 822.00 Mn |
| Mar 31, 2024 | 827.00 Mn |
| Dec 31, 2023 | 831.00 Mn |
| Sep 30, 2023 | 834.00 Mn |
| Jun 30, 2023 | 836.00 Mn |
| Mar 31, 2023 | 836.00 Mn |
| Dec 31, 2022 | 843.00 Mn |
| Sep 30, 2022 | 859.00 Mn |
| Jun 30, 2022 | 872.00 Mn |
| Mar 31, 2022 | 882.00 Mn |
| Dec 31, 2021 | 889.00 Mn |
| Sep 30, 2021 | 890.00 Mn |
API Access
Array Digital Infrastructure Operating Leases 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=operating-leases&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();