Array Digital Infrastructure, Inc. reported significant financial performance improvements in its latest 10-K filing for the fiscal year ending December 31, 2025. The company generated total operating revenues of $162.96 million, a 58% increase from $102.93 million in 2024. This growth was primarily driven by a substantial rise in site rental revenues, which reached $154.65 million, up 51% from the previous year. The company also reported a net income of $69.19 million, a notable recovery from a net loss of $31.58 million in 2024, indicating a successful transition following the divestiture of its wireless operations.
The fiscal year 2025 marked a pivotal change for Array, as it completed the sale of its wireless operations and select spectrum assets to T-Mobile US, Inc. on August 1, 2025, for total consideration of approximately $4.29 billion. This transaction necessitated a strategic shift in Array's operations, transitioning from a wireless service provider to a focused digital infrastructure company. The sale resulted in a loss of $242.2 million, reflecting the significant adjustments required in Array's business model. Following the divestiture, the company has concentrated on expanding its tower leasing business, which includes 4,450 towers across 19 states.
Operationally, Array's tower portfolio is characterized by a tenancy rate of 1.03, with 4,572 colocations as of December 31, 2025. The company has established long-term Master License Agreements with major tenants, including T-Mobile, AT&T, and Verizon, which contribute to its stable revenue stream. Array's strategic focus includes increasing colocation revenue and optimizing ground leases, with plans to enhance its ground ownership position and evaluate towers without tenants. The company anticipates that the ongoing demand for wireless services and the rollout of next-generation technologies will drive further growth in its tower leasing business.
Array's workforce consisted of approximately 60 full-time and part-time associates as of December 31, 2025. The company has emphasized associate engagement and development, implementing various programs to foster a positive workplace culture. Array's financial outlook remains cautiously optimistic, with expectations of continued revenue growth driven by the integration of T-Mobile's commitments and the potential monetization of remaining spectrum assets. The company is also exploring strategic alternatives to enhance its operational efficiency and market position.
Looking ahead, Array plans to maintain its focus on expanding its tower leasing operations while managing the ongoing costs associated with the wind-down of its legacy wireless business. The company has indicated that it may declare regular cash dividends following the completion of pending spectrum transactions, which are subject to regulatory approval. As Array navigates this transitional phase, it remains committed to leveraging its unique position in the digital infrastructure market to capitalize on emerging opportunities.
About ARRAY DIGITAL INFRASTRUCTURE, INC.
UScellular provides regional wireless telecommunications services in the U.S., offering voice, data, IoT solutions, and internet access via a network of towers and spectrum licenses. It serves consumer, business, and government markets through retail, digital, and partner channels. The company focuses on network quality, customer service, and community engagement, while exploring strategic alternatives including spectrum sales and potential business divestitures.
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