Filing Flows › Array Digital Infrastructure (AD) › Q1 2025
Array Digital Infrastructure (AD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Array Digital Infrastructure (AD) reported revenue of $891M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -8% from the quarter before. Operating margin was 4.6%, net earnings $18.2M (2.0% of revenue).
Array Digital Infrastructure, Q1 2025: revenue $891M (-6% year over year), operating margin 4.6%, net earnings $18.2M, operating cash flow $159M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $891M | -8% | -6% |
| Operating profit | $41.0M | — | -20% |
| Net earnings | $18.2M | +301% | +1% |
| Operating cash flow | $159M | +32% | -22% |
| Free cash flow | $87.3M | — | +25% |
What changed
Revenue was $891.0M in Q1 2025, down 6% year over year and down 8% from the previous quarter.
Operating profit was $41.0M, a 4.6% margin (down 0.8 points year over year). Total costs fell 5% while revenue fell 6%. Net earnings were $18.2M, up 1% year over year. The effective tax rate was 50.4%.
Operating cash flow was $159.3M (down 22% year over year), 809% of net income including minority interests. Non-cash charges added back $163.0M of depreciation and amortization and $17.0M of share-based compensation. Working capital and other items used $40.4M. Capital expenditures of $72.0M left free cash flow of $87.3M.
Questions
What was Array Digital Infrastructure's revenue in the first quarter 2025?
Array Digital Infrastructure (AD) reported revenue of $891M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -8% from the quarter before.
Was Array Digital Infrastructure profitable in the first quarter 2025?
Operating profit was $41.0M (4.6% of revenue) and net earnings $18.2M.