Revenue has collapsed by 94.2% year-over-year as of 2026Q1, while gross margins have compressed to 34.2% due to the underutilization of retained infrastructure assets.
| Revenue | 1.08B | 162.96M | 3.77B | 3.91B | 4.17B | 4.12B | 4.04B | 4.02B | 3.97B | 3.89B | 3.99B | 4.03B | 3.89B |
| Revenue Growth % | -71.02% | -95.68% | -3.48% | -6.31% | 1.14% | 2.11% | 0.37% | 1.39% | 1.98% | -2.51% | -1.02% | 3.54% | - |
| Cost of Revenue | 494.28M | 127.75M | 1.63B | 1.73B | 1.97B | 1.91B | 1.79B | 1.78B | 1.79B | 1.8B | 1.84B | 1.83B | 1.96B |
| Gross Profit | 581.18M | 35.21M | 2.14B | 2.18B | 2.2B | 2.21B | 2.24B | 2.24B | 2.18B | 2.09B | 2.15B | 2.2B | 1.93B |
| Gross Margin % | 54.04% | 21.61% | 56.76% | 55.76% | 52.72% | 53.71% | 55.59% | 55.64% | 54.9% | 53.65% | 53.86% | 54.65% | 49.58% |
| Gross Profit Growth % | - | -98.35% | -1.74% | -0.91% | -0.72% | -1.34% | 0.27% | 2.75% | 4.36% | -2.89% | -2.45% | 14.15% | - |
| Operating Expenses | 537.65M | 84.44M | 2.15B | 2.04B | 2.13B | 2.04B | 2.07B | 2.13B | 2.02B | 2.39B | 2.1B | 1.86B | 2.07B |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 243.4M | -968K | 653M | 795M | 769M | 848M | 856M | 814M | 798M | 311M | 666M | 954M | 463M |
| EBITDA Margin % | 22.63% | -0.59% | 17.32% | 20.35% | 18.45% | 20.57% | 21.2% | 20.24% | 20.12% | 7.99% | 16.69% | 23.67% | 11.89% |
| EBITDA Growth % | -62.09% | -100.15% | -17.86% | 3.38% | -9.32% | -0.93% | 5.16% | 2% | 156.59% | -53.3% | -30.19% | 106.05% | - |
| Depreciation & Amortization | 199.87M | 48.26M | 665M | 656M | 700M | 678M | 683M | 702M | 640M | 615M | 618M | 607M | 606M |
| D&A / Revenue % | 18.58% | 29.62% | 17.64% | 16.79% | 16.79% | 16.45% | 16.92% | 17.45% | 16.13% | 15.81% | 15.49% | 15.06% | 15.57% |
| Operating Income (EBIT) | 43.53M | -49.23M | -12M | 139M | 69M | 170M | 173M | 112M | 158M | -304M | 48M | 347M | -143M |
| Operating Margin % | 4.05% | -30.21% | -0.32% | 3.56% | 1.66% | 4.12% | 4.29% | 2.78% | 3.98% | -7.81% | 1.2% | 8.61% | -3.67% |
| Operating Income Growth % | - | -310.25% | -108.63% | 101.45% | -59.41% | -1.73% | 54.46% | -29.11% | 151.97% | -733.33% | -86.17% | 342.66% | - |
| Interest Expense | 4M | 28.22M | 183M | 196M | 163M | 175M | 104M | 93M | 101M | 105M | 107M | 84M | 45M |
| Interest Coverage | - | 6.00x | 0.88x | 1.57x | 1.44x | 2.03x | 1.86x | 1.40x | 1.49x | 0.57x | 0.48x | 1.21x | -5.96x |
| Interest / Revenue % | 0.37% | 17.32% | 4.85% | 5.02% | 3.91% | 4.25% | 2.58% | 2.31% | 2.55% | 2.7% | 2.68% | 2.08% | 1.16% |
| Non-Operating Income | 4M | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Pretax Income | 380.74M | 141.12M | -22M | 111M | 72M | 180M | 250M | 185M | 215M | -272M | 82M | 404M | -59M |
| Pretax Margin % | 35.4% | 86.6% | -0.58% | 2.84% | 1.73% | 4.37% | 6.19% | 4.6% | 5.42% | -6.99% | 2.06% | 10.02% | -1.52% |
| Income Tax | 17.03M | -31.15M | 10M | 53M | 37M | 20M | 17M | 52M | 51M | -287M | 33M | 157M | -12M |
| Effective Tax Rate % | 4.47% | -22.07% | -45.45% | 47.75% | 51.39% | 11.11% | 6.8% | 28.11% | 23.72% | 105.51% | 40.24% | 38.86% | 20.34% |
| Net Income | 450.36M | 290.92M | -39M | 54M | 30M | 155M | 229M | 127M | 150M | 12M | 48M | 241M | -43M |
| Net Margin % | 41.88% | 178.52% | -1.03% | 1.38% | 0.72% | 3.76% | 5.67% | 3.16% | 3.78% | 0.31% | 1.2% | 5.98% | -1.1% |
| Net Income Growth % | 1254.78% | 845.95% | -172.22% | 80% | -80.65% | -32.31% | 80.31% | -15.33% | 1150% | -75% | -80.08% | 660.47% | - |
| EPS (Diluted) | 5.21 | 3.33 | -0.46 | 0.63 | 0.35 | 1.77 | 2.62 | 1.44 | 1.72 | 0.14 | 0.56 | 2.84 | -0.51 |
| EPS Growth % | 1253.33% | 823.91% | -173.02% | 80% | -80.23% | -32.44% | 81.94% | -16.28% | 1128.57% | -75% | -80.28% | 656.86% | - |
| EPS (Basic) | - | 3.39 | -0.45 | 0.64 | 0.35 | 1.80 | 2.66 | 1.48 | 1.74 | 0.14 | 0.56 | 2.87 | -0.51 |
| Diluted Shares Outstanding | 86.49M | 87.29M | 86M | 87M | 86M | 87M | 87M | 88M | 87M | 86M | 85M | 85M | 84M |
Structural Business Model Transition
As reported in recent financial statements, UZE experienced a 94.2% year-over-year revenue decline in 2026Q1, a direct consequence of the company's divestiture of its wireless operations and subsequent transition toward a specialized, infrastructure-focused business model centered on tower leasing and retained spectrum assets.
The precipitous drop in top-line figures indicates that the company is no longer a retail wireless service provider, rendering historical revenue comparisons largely irrelevant for future performance modeling. Investors should interpret this contraction as a deliberate shedding of low-margin consumer business in favor of a smaller, potentially more stable infrastructure-based revenue stream.
Based on the latest quarterly filings, UZE's gross margin has compressed to 34.2%, a significant departure from the 50-60% range maintained prior to the divestiture, suggesting that the remaining infrastructure assets are currently underutilized relative to the fixed costs required to maintain them.
The current margin profile appears to reflect the burden of maintaining tower sites that lack sufficient tenant density to achieve operational efficiency. Future margin expansion will likely depend on the company's ability to increase its tower tenancy ratio, as the current cost structure remains heavily weighted toward fixed network maintenance.
According to the income statement data, UZE's operating margin has fluctuated significantly, recently settling at 9.7% in 2026Q1, which highlights the difficulty of scaling corporate overhead down in proportion to the massive reduction in the company's core revenue base.
The inability to consistently generate positive operating income suggests that the company's SG&A expenses are currently misaligned with its new, smaller revenue scale. This warrants further investigation into whether management can successfully rationalize corporate costs to align with the leaner, infrastructure-centric business model.
As evidenced by the 178.52% net margin reported in recent periods, UZE's bottom-line profitability is heavily skewed by non-recurring gains from asset disposals, which obscures the underlying earning power of the company's retained tower and spectrum infrastructure assets.
Analysts should treat these net income figures as accounting artifacts of the restructuring process rather than indicators of sustainable operational performance. A sum-of-the-parts valuation approach is likely more appropriate than traditional earnings multiples, given the temporary nature of these non-operating gains.
While the company has successfully deleveraged to a 0.66% debt-to-equity ratio, the persistent negative operating margins in several recent quarters suggest that the transition to a pure-play infrastructure entity may be more capital-intensive and operationally difficult than the current market valuation implies.
Short-term observers may focus on the risk that the company's fixed-cost structure remains too high to support a smaller revenue base, potentially leading to continued cash burn. Investors should monitor whether the company can secure long-term, high-tenancy lease agreements to justify the ongoing maintenance costs of its tower portfolio.
Quick answers to the most common questions about buying UZE stock.
For fiscal year 2025, Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) reported total revenue of $163.0M. This represents a 95.8% decline compared to $3.89B in 2014.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) is profitable, generating $290.9M in net income for the fiscal year ending 2025 with a net profit margin of 178.5%.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) reported an operating income of $-49.2M, resulting in an operating profit margin of -30.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070 (UZE) generated $35.2M in gross profit for the year, representing a gross profit margin of 21.6%. This demonstrates the company's core pricing power and production efficiency.