Array Digital Infrastructure (AD) Receivables (2009 - 2026)
Array Digital Infrastructure (AD) recorded Receivables of $15.67 million in Q2 2026, down 98.3% from $921 million a year earlier but up 17.9% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Receivables (2009 - 2026) Analysis & Trends
At the end of FY2025, Array Digital Infrastructure reported Receivables of $15.68 million, down 98.3% from FY2024.
- Annual Receivables has declined for three straight years, with a five-year compound annual growth rate of -56.3% (FY2020 to FY2025).
- Across earlier years, Receivables came in at $916.47 million in FY2024 (-3.9%), $954 million in FY2023 (-11.0%), $1.07 billion in FY2022 (+3.2%) and $1.04 billion in FY2021 (+5.5%).
- Quarterly Receivables has ranged from $11.26 million in Q3 2025 to $1.07 billion in Q4 2022 over the past five years.
- On a year-over-year basis, Receivables has declined for 14 consecutive quarters, with an average decline of 50.8% over the last eight quarters.
- Peak year-over-year performance for Receivables in the last five years was growth of 10.4% in Q3 2022, against a decline of 98.8% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $13.29 million (Q1 2026), $15.68 million (Q4 2025) and $11.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 851.30 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 1.79 Bn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 179.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 200.55 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 377.54 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 352.30 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 15.67 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 196.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 367.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.67 Mn |
| Mar 31, 2026 | 13.29 Mn |
| Dec 31, 2025 | 15.68 Mn |
| Sep 30, 2025 | 11.26 Mn |
| Jun 30, 2025 | 921.00 Mn |
| Mar 31, 2025 | 918.00 Mn |
| Dec 31, 2024 | 916.47 Mn |
| Sep 30, 2024 | 917.00 Mn |
| Jun 30, 2024 | 952.00 Mn |
| Mar 31, 2024 | 930.00 Mn |
| Dec 31, 2023 | 954.00 Mn |
| Sep 30, 2023 | 957.00 Mn |
| Jun 30, 2023 | 982.00 Mn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 1.07 Bn |
| Sep 30, 2022 | 1.07 Bn |
| Jun 30, 2022 | 1.04 Bn |
| Mar 31, 2022 | 1.01 Bn |
| Dec 31, 2021 | 1.04 Bn |
| Sep 30, 2021 | 967.00 Mn |
API Access
Array Digital Infrastructure Receivables 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=receivables&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();