Array Digital Infrastructure/$AD
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About Array Digital Infrastructure
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses to Verizon and AT&T; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations and about 4,400 wireless towers.
Ticker
$AD
Sector
Communication
Primary listing
NYSE
Employees
4,100
Headquarters
Website
AD Metrics
BasicAdvanced
$4.3B
-
-$0.29
0.28
$23.00
46.09%
Price and volume
Market cap
$4.3B
Beta
0.28
52-week high
$79.17
52-week low
$47.03
Average daily volume
190K
Dividend rate
$23.00
Financial strength
Current ratio
1.868
Quick ratio
1.62
Long term debt to equity
78.704
Total debt to equity
82.268
Interest coverage (TTM)
0.65%
Profitability
EBITDA (TTM)
775
Gross margin (TTM)
57.11%
Net profit margin (TTM)
-0.65%
Operating margin (TTM)
3.08%
Effective tax rate (TTM)
24.14%
Revenue per employee (TTM)
$900,000
Management effectiveness
Return on assets (TTM)
0.68%
Return on equity (TTM)
-0.47%
Valuation
Price to revenue (TTM)
1.153
Price to book
0.93
Price to tangible book (TTM)
252.44
Price to free cash flow (TTM)
9.945
Free cash flow yield (TTM)
10.06%
Free cash flow per share (TTM)
5.018
Dividend yield (TTM)
46.09%
Growth
Revenue change (TTM)
-3.67%
Earnings per share change (TTM)
-134.77%
3-year revenue growth (CAGR)
-3.54%
10-year revenue growth (CAGR)
-0.65%
3-year earnings per share growth (CAGR)
-42.41%
10-year earnings per share growth (CAGR)
-15.82%
What the Analysts think about AD
Analyst ratings (Buy, Hold, Sell) for Array Digital Infrastructure stock.
Bulls say / Bears say
T-Mobile has signed a 15-year Master License Agreement to colocate on at least 2,015 additional towers and extended leases on around 600 existing towers, securing long-term revenue from a solid anchor tenant (PR Newswire turn0search0).
Third-party tower revenue rose 12% year-over-year in Q2 2025, driven by new colocations and escalators, showing strong demand for Array’s 4,400-tower portfolio (Array Q2 Results turn4search0).
T-Mobile projects a $400 million service-revenue boost in Q3 2025 after acquiring Array’s former wireless operations, demonstrating the high quality and immediate monetization potential of the divested assets (Reuters turn0news14).
Pending spectrum sales to Verizon (expected to close in Q3 2026) and AT&T (in 2H 2025) are subject to regulatory approvals and standard closing conditions, creating execution risk and possible delays in accessing approximately $2.0 billion in proceeds (SEC sec.gov/archive ... turn0search1).
Most of Array’s remaining spectrum licenses require FCC build-out compliance, which has not yet been met; if these licenses are not operated or monetized, the company could forfeit them or face significant capex to meet regulatory requirements, putting cash flow and financial health at risk (SEC sec.gov/archive ... turn2search1).
Array faces strong competition from larger, better-funded tower operators and alternative site owners, potentially pressuring lease pricing, limiting colocations, and restricting future revenue growth (SEC sec.gov/archive ... turn2search1).
Data summarised monthly by Lightyear AI. Last updated on 6 Oct 2025.
AD Financial Performance
Revenues and expenses
AD Earnings Performance
Company profitability
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Array Digital Infrastructure stock?
Array Digital Infrastructure (AD) has a market cap of $4.3B as of October 27, 2025.
What is the P/E ratio for Array Digital Infrastructure stock?
The price to earnings (P/E) ratio for Array Digital Infrastructure (AD) stock is 0 as of October 27, 2025.
Does Array Digital Infrastructure stock pay dividends?
Yes, the Array Digital Infrastructure (AD) stock pays dividends to shareholders. As of October 27, 2025, the dividend rate is $23 and the yield is 46.09%. Array Digital Infrastructure has a payout ratio of 0% on a trailing twelve-month basis.
When is the next Array Digital Infrastructure dividend payment date?
The next Array Digital Infrastructure (AD) dividend payment date is unconfirmed.
What is the beta indicator for Array Digital Infrastructure?
Array Digital Infrastructure (AD) has a beta rating of 0.28. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.