What is the 13F Pro Quality Score for AD?

13F Pro ranks ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AD's current score at https://13fpro.ai/research/AD (free sign-up required for the full ranking).

Where does 13F Pro source AD data?

All ARRAY DIGITAL INFRASTRUCTURE, INC. fundamentals and ownership data come directly from SEC EDGAR. ARRAY DIGITAL INFRASTRUCTURE, INC. files with the SEC under CIK 821130. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AD in?

ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

How often is AD research updated on 13F Pro?

AD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

ARRAY DIGITAL INFRASTRUCTURE, INC.(AD)Stock Analysis

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Communication Services →NYSE

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SEC EDGAR: CIK 821130 AD stock profile & AI dashboard →

13F Pro Quality Score

58.7/100

Rank #969 of 2,879 stocksTOP 50%

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

8.3/100

Profitability

71.8/100

Balance Sheet

64.5/100

Earnings Quality

90.7/100

Free Cash Flow

72.0/100

Institutional Flow

97.2/100

Revenue Scale

67.6/100

Dilution Risk

54.5/100

AD Stock Analysis & AI Quality Score

AI stock analysis and institutional research for ARRAY DIGITAL INFRASTRUCTURE, INC. (AD), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores AD at 58.7/100 on a 32-signal composite quality model, placing it at rank #969 of 2,879 stocks — the top half of the AI-ranked universe. AD scores in the top quartile across institutional flow (97.2), earnings quality (90.7). Areas of concern include revenue growth (8.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), ARRAY DIGITAL INFRASTRUCTURE, INC. reports quarterly revenue of $52.0M, net income of $177.8M, free cash flow of $10.0M. Top institutional holders of AD by reported 13-F value include BANK OF AMERICA /DE/, DIMENSIONAL FUND ADVISORS, BNP Paribas Asset Management Holding S.A., based on the most recent SEC filings. AD trades on the NYSE exchange and files with the SEC under CIK 821130. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ARRAY DIGITAL INFRASTRUCTURE, INC. directly from SEC EDGAR. ARRAY DIGITAL INFRASTRUCTURE, INC.'s 13F Pro composite quality score has ranged between 8 and 59 since 2024, currently 58.7 — an improving long-term trajectory across 43 quarterly and live scoring snapshots.

Revenue

Q1 2026

$52.0M

Net Income

Q1 2026

$177.8M

Free Cash Flow

Q1 2026

$10.0M

ROIC

Q1 2026

6.4%

D/E Ratio

Q1 2026

0.36

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+2.5% YoY

$102.9MFY 2024

FY21 $4.12BFY22 $4.17BFY23 $100.5MFY24 $102.9M

Net Income

-154.5% YoY

$-31.6MFY 2024

FY21 $155.0MFY22 $34.8MFY23 $57.9MFY24 $-31.6M

Operating Income

-132.0% YoY

$-260.3MFY 2024

FY21 $170.0MFY22 $69.0MFY23 $-112.2MFY24 $-260.3M

EPS (Diluted)

-173.0% YoY

$-0.46FY 2024

FY21 $1.77FY22 $0.35FY23 $0.63FY24 $-0.46

Total Assets

-2.8% YoY

$10.45BFY 2024

FY21 $10.34BFY22 $11.12BFY23 $10.75BFY24 $10.45B

Total Debt

-60.1% YoY

$1.22BFY 2024

FY21 $2.73BFY22 $3.20BFY23 $3.06BFY24 $1.22B

Op. Cash Flow

+1.8% YoY

$882.5MFY 2024

FY21 $802.0MFY22 $832.0MFY23 $866.9MFY24 $882.5M

Metric	FY 2024	FY 2023	FY 2022	FY 2021	FY 2019	FY 2018
Revenue	$102.9M +2.5%	$100.5M -97.6%	$4.17B +1.1%	$4.12B +2.5%	$4.02B +1.4%	$3.97B
Net Income	$-31.6M -154.5%	$57.9M +66.6%	$34.8M -77.6%	$155.0M +22.0%	$127.0M -15.3%	$150.0M
Operating Income	$-260.3M -132.0%	$-112.2M -262.6%	$69.0M -59.4%	$170.0M +51.8%	$112.0M -29.1%	$158.0M
EPS (Diluted)	$-0.46 -173.0%	$0.63 +80.0%	$0.35 -80.2%	$1.77 +22.9%	$1.44 -16.3%	$1.72
Total Assets	$10.45B -2.8%	$10.75B -3.3%	$11.12B +7.5%	$10.34B +26.7%	$8.16B +12.2%	$7.27B
Total Debt	$1.22B -60.1%	$3.06B -4.3%	$3.20B +17.2%	$2.73B +80.9%	$1.51B -7.0%	$1.62B
Operating Cash Flow	$882.5M +1.8%	$866.9M +4.2%	$832.0M +3.7%	$802.0M +10.8%	$724.0M +2.1%	$709.0M

AI Insight: AD Financial Trends

Debt collapsed from $2,855M to $674M while revenue cratered to $52M, signaling a major asset divestiture that fundamentally reshaped the business.

• Total debt plunged from $2,855M in Q1 2025 to $674M by Q3 2025 and held at $675M in Q1 2026 — a 76% reduction.

• Revenue collapsed from $916M in Q2 2025 to $52M in Q1 2026, reflecting a dramatic shrinkage of the operating business.

• Operating income surged to $161M in Q1 2026 despite only $52M revenue, but operating CF remains thin at $24M.

• Equity declined sharply from $4,600M in Q2 2025 to $1,859M in Q1 2026, consistent with large asset disposals.

⚠ Operating CF turned deeply negative at -$202M in Q4 2025 and recovered only to $24M in Q1 2026 — sustainability is unproven.

⚠ With revenue at $52M and a $675M debt load, interest coverage on the remaining business warrants close scrutiny.

⚠ Q1 2026 net income of $178M far exceeds operating income of $161M — the gap likely reflects non-recurring gains to monitor.

AI Insight: AD Ratio Trends

Q1 2026 ROIC surges to 25.4% and ROE to 38.3%, signaling a dramatic profitability inflection after erratic prior quarters.

• ROIC swung from -22.1% in Q3 2025 to 25.4% in Q1 2026, the highest level in the observable period.

• ROE expanded sharply from -6.1% in Q3 2025 to 38.3% in Q1 2026, with ROA rising to 17.9%.

• Leverage improved materially: D/E fell from 0.63 in Q3 2024 to 0.26 in Q4 2025, holding near 0.36 in the TTM.

• Operating margin remains missing for Q1 2026; Q4 2025 showed 14.2% OpMargin with an outsized 62.1% NPM, suggesting non-recurring items.

⚠ Extreme ROIC volatility — swinging from -22.1% to 25.4% in two quarters — raises questions about earnings quality and one-off drivers.

⚠ Q4 2025 NPM of 62.1% far exceeds OpMargin of 14.2%; if driven by below-the-line gains, sustainability of profitability is uncertain.

⚠ Multiple missing OpMargin and NPM data points limit confidence in trend continuity; clarity on Q1 2026 income statement is needed.

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Available Research

13F Pro tracks comprehensive data for ARRAY DIGITAL INFRASTRUCTURE, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AD

BANK OF AMERICA CORP /DE/
$116.9M2,533,017 sh
DIMENSIONAL FUND ADVISORS LP
$106.1M2,299,582 sh
BNP Paribas Asset Management Holding S.A.
$95.2M2,063,912 sh
Jericho Capital Asset Management L.P.
$83.8M1,815,844 sh
Newtyn Management, LLC
$74.6M1,616,856 sh
GAMCO INVESTORS, INC. ET AL
$39.0M844,562 sh
LOOMIS SAYLES & CO L P
$34.2M740,481 sh
OAKTREE CAPITAL MANAGEMENT LP
$33.4M724,444 sh
VANGUARD CAPITAL MANAGEMENT LLC
$31.5M682,112 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$30.8M667,283 sh

Fund	Value	Shares
BANK OF AMERICA CORP /DE/	$116.9M	2,533,017
DIMENSIONAL FUND ADVISORS LP	$106.1M	2,299,582
BNP Paribas Asset Management Holding S.A.	$95.2M	2,063,912
Jericho Capital Asset Management L.P.	$83.8M	1,815,844
Newtyn Management, LLC	$74.6M	1,616,856
GAMCO INVESTORS, INC. ET AL	$39.0M	844,562
LOOMIS SAYLES & CO L P	$34.2M	740,481
OAKTREE CAPITAL MANAGEMENT LP	$33.4M	724,444
VANGUARD CAPITAL MANAGEMENT LLC	$31.5M	682,112
VANGUARD PORTFOLIO MANAGEMENT LLC	$30.8M	667,283

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Is AD a good stock to buy?

13F Pro's AI-powered analysis of ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AD are available on the AD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own AD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ARRAY DIGITAL INFRASTRUCTURE, INC.'s investment landscape.