Companies: 10,795·Total market cap: $144.5T
Array Digital Infrastructure, Inc.

Array Digital Infrastructure, Inc.

ADNYSECommunication Services● Active
$50.79
+$0.34(+0.66%)
Market Cap$4.4B
P/E Ratio—
52W High$79.17
52W Low$44.03
Free Cash FlowFinancialsRevenue

Array Digital Infrastructure, Inc. (AD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AD · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $173.6M for FY2025 (fiscal year ending 2025-12-31), down 46.7% year-over-year The FCF margin was 106.5%. Five-year CAGR stands at -6.9%.

FY2025 Free Cash Flow$173.6M▼ -46.7% YoY
Trailing 12M (TTM)$93.6Mtrailing 4 quarters sum
FCF Margin106.5%$173.6M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGR-6.9%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
ad free cash flow history · ad free cash flow chart · ad free cash flow growth rate · ad free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$173.6M▼ 46.7%106.5%
FY2024$326.0M▲ +154.7%8.7%
FY2023$128.0M▲ +136.1%3.3%
FY2022−$355.0M▲ +71.5%-8.5%
FY2021−$1.24B▼ 601.6%-30.2%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
ad free cash flow 2025 · ad free cash flow 2024 · ad free cash flow 2023 · ad operating cash flow

FCF valuation metrics

Array Digital Infrastructure, Inc. (AD) trades at a FCF yield of 2.14% and a price-to-free-cash-flow ratio of 46.6x. FCF per share stands at $1.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
2.14%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$1.09
TTM FCF ÷ Shares Outstanding
Price / FCF
x46.6
Share Price ÷ FCF per Share
EV / FCF (TTM)
x56.9
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
ad price to free cash flow · ad free cash flow yield · ad free cash flow per share · ad price to cash flow ratio

Cash flow statement summary

For FY2025, Array Digital Infrastructure, Inc. generated $200.8M in operating cash flow and spent 27M in capital expenditures, yielding $173.6M in free cash flow.

Operating Activities
+$200.8M
Cash from core business operations
2025-12-31
Investing Activities
+$2.44B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$2.68B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($200.8M) − |CapEx| (27M) = FCF ($173.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
ad cash flow statement · ad cash flow statement 2025 · ad operating cash flow · ad cash flow from operations

Free cash flow vs peers (Communication Services)

#CompanyFree Cash FlowYoY
#1
Array Digital Infrastructure, Inc.
Array Digital Infrastructure, Inc.YOU
AD
$173.6M-46.7%
#2
Alphabet Inc.
Alphabet Inc.
GOOGL
$73.27B+0.7%#3
Alphabet Inc.
Alphabet Inc.
GOOG
$73.27B+0.7%#4
Meta Platforms, Inc.
Meta Platforms, Inc.
META
$46.11B-14.7%#5
Verizon Communications, 5.9% 15 Feb 2054
Verizon Communications, 5.9% 15 Feb 2054
VZA
$19.68B+4.0%#6
Netflix, Inc.
Netflix, Inc.
NFLX
$9.46B+36.7%
Communication Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Array Digital Infrastructure, Inc. (AD) reported free cash flow of $173.6M for FY2025 (fiscal year ending 2025-12-31), down 46.7% year-over-year. The FCF margin was 106.5%.

Based on available data, Array Digital Infrastructure, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $326.0M in FY2024. The 5-year CAGR stands at -6.9%.

Array Digital Infrastructure, Inc.'s FCF yield is 2.14% and price-to-FCF ratio is 46.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

AD free cash flow · 8 questions

Array Digital Infrastructure, Inc. free cash flow was $173.6M for FY2025, down 46.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $93.6M.

AD free cash flowAD FCFAD FCF 2025AD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Array Digital Infrastructure, Inc. · Array Digital Infrastructure, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026