Array Digital Infrastructure Q4 Revenue Soars 131% to $60.3M, Beats Estimates
Array Digital Infrastructure generated Q4 revenue of $60.3M, up 131% from $26.1M, driven by site rental revenue doubling to $55M and beating consensus of $58M. The company incurred a $41.4M net loss (48¢/share) but delivered adjusted EBITDA of $52.1M and cut long-term debt to $670.3M.
1. Strong Revenue Growth
Array Digital Infrastructure reported fourth-quarter 2025 operating revenue of $60.3 million, up 131% from $26.1 million a year ago, topping consensus of $58 million. Site rental revenue accounted for $55 million of the total, marking substantial growth in cash and non-cash rentals.
2. Profitability and EBITDA
The company posted a net loss of $41.4 million (48¢ per share) compared with a net income of $11.7 million (13¢) in Q4 2024. Adjusted EBITDA rose to $52.1 million from $24.5 million, and operating income improved to $8.6 million from a loss of $29.1 million.
3. Cash Position and Debt Reduction
As of December 31, 2025, Array held $113.4 million in cash and cash equivalents while reducing long-term debt to $670.3 million from $1.2 billion a year earlier. Cash flow from operations totaled $75.1 million in 2025, nearly doubling from $38.4 million in 2024.
4. 2026 Outlook
For fiscal 2026, Array is guiding operating revenues of $200 million to $215 million and adjusted OIBDA of $50 million to $65 million. Capital expenditures are projected at $25 million to $35 million, targeting continued site expansion and network partnerships.