Array Digital Infrastructure, Inc. (AD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AD Revenue Growth
AD Revenue Analysis (2014–2025)
As of May 6, 2026, Array Digital Infrastructure, Inc. (AD) generated trailing twelve-month (TTM) revenue of $1.91 billion, reflecting significant decline in growth of -93.8% year-over-year. The most recent quarter (Q4 2025) recorded $60.3 million in revenue, up 28.0% sequentially.
Looking at the longer-term picture, AD's 5-year compound annual growth rate (CAGR) stands at -47.4%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $4.17 billion in 2022.
When compared to Communication Services sector peers including UNIT (+91.5% YoY), LUMN (-6.8% YoY), and CCOI (-6.7% YoY), AD has underperformed the peer group in terms of revenue growth. Compare AD vs UNIT →
AD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ADCurrent | $1.9B | -93.8% | -47.4% | -30.2% | |
 UNIT | $2.2B | +91.5% | +15.9% | 21.2% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 CCOI | $976M | -6.7% | +11.4% | -10.6% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 ATNI | $728M | -0.2% | +9.8% | 6.0% |
AD Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $163.0M | -95.7% | $35.2M | 21.6% | $-49,230,000 | -30.2% |
| 2024 | $3.77B | -3.5% | $2.14B | 56.8% | $-12,000,000 | -0.3% |
| 2023 | $3.91B | -6.3% | $2.18B | 55.8% | $139.0M | 3.6% |
| 2022 | $4.17B | +1.1% | $2.20B | 52.7% | $69.0M | 1.7% |
| 2021 | $4.12B | +2.1% | $2.21B | 53.7% | $170.0M | 4.1% |
| 2020 | $4.04B | +0.4% | $2.24B | 55.6% | $173.0M | 4.3% |
| 2019 | $4.02B | +1.4% | $2.24B | 55.6% | $112.0M | 2.8% |
| 2018 | $3.97B | +2.0% | $2.18B | 54.9% | $158.0M | 4.0% |
| 2017 | $3.89B | -2.5% | $2.09B | 53.7% | $-304,000,000 | -7.8% |
| 2016 | $3.99B | -1.0% | $2.15B | 53.9% | $48.0M | 1.2% |
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Start ComparisonAD — Frequently Asked Questions
Quick answers to the most common questions about buying AD stock.
Is AD's revenue growth accelerating or slowing?
AD revenue declined -93.8% year-over-year, contrasting with the 5-year CAGR of -47.4%. TTM revenue fell to $1.9B. This reverses the prior growth trend.
What is AD's long-term revenue growth rate?
Array Digital Infrastructure, Inc.'s 5-year revenue CAGR of -47.4% reflects the variable expansion pattern. Current YoY growth of -93.8% is below this long-term average.
How is AD's revenue distributed by segment?
AD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.