Every 10-Q that Array Digital Infrastructure, Inc. (AD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AD filings page.
Array Digital Infrastructure (AD) reported its first full quarter post‑pivot to towers and spectrum monetization. For Q3 2025, total operating revenues rose to $47.1 million (up 83% year over year), driven by tower site rentals tied to a new Master License Agreement with T‑Mobile. Net income from continuing operations was $109.9 million, while a loss from discontinued operations led to a net loss attributable to shareholders of $38.5 million.
Adjusted EBITDA from continuing operations reached $85.1 million. Array owns 4,449 towers and, under the MLA, T‑Mobile committed to lease space on a minimum 2,015 towers for 15 years, plus about 1,800 interim sites up to 30 months. Cash and cash equivalents were $325.6 million as of September 30, 2025.
The company closed the sale of wireless operations and select spectrum to T‑Mobile for $4,293.8 million total consideration, including $2,628.8 million in cash and $1,665.0 million of debt assumed via exchange. It paid a $23.00 per‑share special dividend and entered a new $325.0 million term loan (SOFR + 2.50%). Pending spectrum sales to Verizon and AT&T remain subject to approvals.