ARRAY DIGITAL INFRASTRUCTURE, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheet – Liabilities and Equity
| December 31, | 2025 | 2024 |
|---|---|---|
| (Dollars and shares in thousands, except per share amounts) | ||
| Current liabilities | ||
| Current portion of long-term debt | $4,063 | $22,000 |
| Accounts payable | ||
| Affiliated | 10,503 | 9,722 |
| Trade | 27,892 | 26,732 |
| Customer deposits and deferred revenues | 85,945 | 1,716 |
| Accrued taxes | 16,884 | 27,077 |
| Accrued compensation | 4,322 | 89,476 |
| Short-term operating lease liabilities | 15,294 | 16,133 |
| Current liabilities of discontinued operations | 20,242 | 671,575 |
| Other current liabilities | 14,843 | 19,340 |
| Total current liabilities | 199,988 | 883,771 |
| Non-current liabilities of discontinued operations | — | 2,310,660 |
| Deferred liabilities and credits | ||
| Deferred income tax liability, net | 387,030 | 728,229 |
| Long-term operating lease liabilities | 509,876 | 495,736 |
| Other deferred liabilities and credits | 336,379 | 221,376 |
| Long-term debt, net | 670,258 | 1,201,725 |
| Commitments and contingencies | ||
| Noncontrolling interests with redemption features | — | 15,831 |
| Equity | ||
| Array shareholders’ equity | ||
| Series A Common and Common Shares | ||
| Authorized 190,000 shares (50,000 Series A Common and 140,000 Common Shares) | ||
| Issued 88,074 shares (33,006 Series A Common and 55,068 Common Shares) | ||
| Outstanding 86,380 shares (33,006 Series A Common and 53,374 Common Shares) and 85,094 shares (33,006 Series A Common and 52,088 Common Shares), respectively | ||
| Par Value ($1.00 per share) ($33,006 Series A Common and $55,068 Common Shares) | 88,074 | 88,074 |
| Additional paid-in capital | 1,795,369 | 1,782,219 |
| Treasury shares, at cost, 1,694 and 2,980 Common Shares, respectively | (85,606) | (111,589) |
| Retained earnings | 769,789 | 2,818,002 |
| Total Array shareholders' equity | 2,567,626 | 4,576,706 |
| Noncontrolling interests | 6,931 | 14,947 |
| Total equity | 2,574,557 | 4,591,653 |
| Total liabilities and equity1 | $4,678,088 | $10,448,981 |
1 The consolidated total assets as of December 31, 2025 and 2024, include assets held by current consolidated variable interest entities (VIEs) of $45.0 million and $193.4 million, respectively, which are not available to be used to settle the obligations of Array. The consolidated total liabilities as of December 31, 2025 and 2024, include certain liabilities of current consolidated VIEs of $11.1 million and $24.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Array. See Note 14 — Variable Interest Entities for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.