Array Digital Infrastructure (AD) Shares Outstanding (Diluted) (2009 - 2026)
Array Digital Infrastructure (AD) recorded Shares Outstanding (Diluted) of 86.51 million in Q2 2026, down 1.7% from 88 million a year earlier and unchanged from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Array Digital Infrastructure reported Shares Outstanding (Diluted) of 87.29 million, up 1.5% from FY2024.
- Annual Shares Outstanding (Diluted) has a five-year compound annual growth rate of 0.1% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 86 million in FY2024 (-1.1%), 87 million in FY2023 (+1.2%), 86 million in FY2022 (-1.1%) and 87 million in FY2021 (unchanged).
- Quarterly Shares Outstanding (Diluted) has ranged from 85 million in Q3 2022 to 88 million in Q2 2025 over the past five years.
- On a year-over-year basis, Shares Outstanding (Diluted) rose in two of the last eight quarters, with an average decline of 0.3%.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 2.3% in Q2 2024, against a decline of 2.3% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 86.49 million (Q1 2026), 87.29 million (Q4 2025) and 86.85 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn | 466.27 Mn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - | 361.54 Mn |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn | 434.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn | 106.26 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn | 101.59 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn | 177.50 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn | 86.51 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn | 333.06 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 | 86.51 Mn |
| Mar 31, 2026 | 86.49 Mn |
| Dec 31, 2025 | 87.29 Mn |
| Sep 30, 2025 | 86.85 Mn |
| Jun 30, 2025 | 88.00 Mn |
| Mar 31, 2025 | 88.00 Mn |
| Dec 31, 2024 | 86.00 Mn |
| Sep 30, 2024 | 86.00 Mn |
| Jun 30, 2024 | 88.00 Mn |
| Mar 31, 2024 | 88.00 Mn |
| Dec 31, 2023 | 87.00 Mn |
| Sep 30, 2023 | 86.00 Mn |
| Jun 30, 2023 | 86.00 Mn |
| Mar 31, 2023 | 86.00 Mn |
| Dec 31, 2022 | 86.00 Mn |
| Sep 30, 2022 | 85.00 Mn |
| Jun 30, 2022 | 87.00 Mn |
| Mar 31, 2022 | 87.00 Mn |
| Dec 31, 2021 | 87.00 Mn |
| Sep 30, 2021 | 87.00 Mn |
API Access
Array Digital Infrastructure Shares Outstanding (Diluted) 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-diluted&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();