Array Digital Infrastructure (AD) Shares Outstanding (2009 - 2026)
Array Digital Infrastructure (AD) posted Shares Outstanding of 86.48 million for Q2 2026, up 0.6% from 86 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Array Digital Infrastructure's Shares Outstanding came in at 85.91 million, down 0.1% from FY2024.
- Annual Shares Outstanding shows a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
- In prior years, Array Digital Infrastructure's Shares Outstanding was 86 million in FY2024 (+1.2%), 85 million in FY2023 (unchanged), 85 million in FY2022 (-1.2%) and 86 million in FY2021 (unchanged).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding since Q2 2021.
- On a year-over-year basis, Shares Outstanding increased in five of the last eight quarters, with growth averaging 0.6%.
- The strongest year-over-year quarter for Shares Outstanding in the past five years was Q1 2026, with growth of 1.7%; the weakest was Q3 2022, with a decline of 1.2%.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 86.42 million (Q1 2026), 85.91 million (Q4 2025) and 86.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 465.94 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 354.12 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 433.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 106.07 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 101.49 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 176.10 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 86.48 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 335.05 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - | 637.33 Mn |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn | 508.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 86.48 Mn |
| Mar 31, 2026 | 86.42 Mn |
| Dec 31, 2025 | 85.91 Mn |
| Sep 30, 2025 | 86.25 Mn |
| Jun 30, 2025 | 86.00 Mn |
| Mar 31, 2025 | 85.00 Mn |
| Dec 31, 2024 | 86.00 Mn |
| Sep 30, 2024 | 86.00 Mn |
| Jun 30, 2024 | 86.00 Mn |
| Mar 31, 2024 | 85.00 Mn |
| Dec 31, 2023 | 85.00 Mn |
| Sep 30, 2023 | 85.00 Mn |
| Jun 30, 2023 | 85.00 Mn |
| Mar 31, 2023 | 85.00 Mn |
| Dec 31, 2022 | 85.00 Mn |
| Sep 30, 2022 | 85.00 Mn |
| Jun 30, 2022 | 86.00 Mn |
| Mar 31, 2022 | 86.00 Mn |
| Dec 31, 2021 | 86.00 Mn |
| Sep 30, 2021 | 86.00 Mn |
API Access
Array Digital Infrastructure Shares Outstanding 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=shares-outstanding&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();