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Array Digital Infrastructure Reports Strong Growth for Q4 and Full-Year 2025

Array Digital Infrastructure, Inc. (NYSE: AD) has recently released its financial results for the fourth quarter and the full year of 2025, showcasing remarkable growth and renewed confidence as the company prepares for 2026. According to the announcement made on February 20, 2026, during a teleconference, Array’s President and CEO, Anthony Carlson, expressed optimism about the firm's direction following a transformative year.

Key Financial Highlights

In the fourth quarter of 2025, Array reported total operating revenues of $60.3 million, a significant increase compared to $26.1 million from the same time last year. This represents a surge of over 130% year-over-year. The company reported a net income of $41.4 million, translating to $0.48 per diluted share, up from $11.7 million or $0.13 per diluted share during the same quarter in 2024.

For the entire year of 2025, Array recorded total operating revenues of $163 million, compared to $102.9 million in 2024, marking a 58% increase. The net income for 2025 stood at $169.7 million, equating to $1.94 per diluted share, a notable recovery from a loss of $85.9 million in 2024.

Carlson emphasized that Array is focused on enhancing its tower operations, driven by a solid integration strategy with T-Mobile and improved co-location revenues, including a successful sale of wireless operations and spectrum assets totaling significant proceeds.

Operational Strategy

Array has made substantial progress in pursuing its strategic goals, particularly around its integration with T-Mobile and the monetization of previously held spectrum. The company completed a sale to T-Mobile in August 2025, which benefitted its financial framework and allowed for a special dividend of $23 per share. Additionally, Array finalized a $10.25 special dividend after selling spectrum licenses to AT&T in January 2026.

The company’s focus on growing co-location applications also yielded impressive results, with a 51% increase in site rental revenues and a 47% rise in co-location requests, excluding those from T-Mobile. As of December 31, 2025, the total number of owned cell towers reached 4,450, reflecting a robust market presence across the United States.

Looking Ahead to 2026

Looking to the future, Array is optimistic about its projections for 2026, estimating total operating revenues between $200 million and $215 million. Adjusted EBITDA is expected to fall within the same range. Carlson reiterated key objectives for the coming year, including supporting the T-Mobile integration, enhancing co-location revenue streams, optimizing ground leases, and monetizing additional spectrum assets.

Pending transactions, including agreements with T-Mobile and Verizon Communications, are expected to produce aggregate proceeds of $178 million subject to closing conditions and regulatory approvals, which further bolsters Array’s financial outlook.

The success of Array Digital Infrastructure reflects its strategic pivots in the telecommunications landscape, focusing on wireless infrastructure and strategic asset transactions. As 2026 unfolds, stakeholders will look to see how the company leverages its strong foundation to continue its momentum in the telecommunication industry.