v3.25.4
Consolidated Statement Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues      
Total operating revenues $ 162,961 $ 102,933 $ 100,469
Operating expenses      
Cost of goods and services sold 79,485 72,997 67,890
Selling, general and administrative 84,444 102,556 101,407
Depreciation, amortization and accretion 48,262 47,212 49,984
Loss on impairment of licenses 47,679 136,234 0
(Gain) loss on asset disposals, net 1,746 809 (4,417)
(Gain) loss on license sales and exchanges, net (6,123) 3,460 (2,170)
Total operating expenses 255,493 363,268 212,694
Operating income (loss) (92,532) (260,335) (112,225)
Other income (expense)      
Equity in earnings of unconsolidated entities 173,754 161,364 158,296
Interest and dividend income 18,917 11,656 9,774
Interest expense (28,222) (12,405) (14,606)
Short-term imputed spectrum lease income 69,033 0 0
Other, net 169 0 (7)
Total other income 233,651 160,615 153,457
Income (loss) before income taxes 141,119 (99,720) 41,232
Income tax expense (benefit) (31,148) (19,256) 32,855
Net income (loss) from continuing operations 172,267 (80,464) 8,377
Less: Net income from continuing operations attributable to noncontrolling interests, net of tax 2,615 5,411 1,306
Net income (loss) from continuing operations attributable to Array shareholders 169,652 (85,875) 7,071
Net income (loss) from discontinued operations (103,074) 48,886 49,540
Less: Net income from discontinued operations attributable to noncontrolling interests, net of tax 17,822 2,414 2,152
Net income (loss) from discontinued operations attributable to Array shareholders (120,896) 46,472 47,388
Net income (loss) 69,193 (31,578) 57,917
Less: Net income attributable to noncontrolling interests, net of tax 20,437 7,825 3,458
Net income (loss) attributable to Array shareholders $ 48,756 $ (39,403) $ 54,459
Basic weighted average shares outstanding (in shares) 85,908 85,633 85,185
Basic earnings (loss) per share from continuing operations attributable to Array shareholders $ 1.98 $ (1.00) $ 0.08
Basic earnings (loss) per share from discontinued operations attributable to Array shareholders (1.41) 0.54 0.56
Basic earnings (loss) per share attributable to Array shareholders $ 0.57 $ (0.46) $ 0.64
Diluted weighted average shares outstanding (in shares) 87,293 85,633 86,732
Diluted earnings (loss) per share from continuing operations attributable to Array shareholders $ 1.94 $ (1.00) $ 0.08
Diluted earnings (loss) per share from discontinued operations attributable to Array shareholders (1.38) 0.54 0.55
Diluted earnings (loss) per share attributable to Array shareholders $ 0.56 $ (0.46) $ 0.63
Site rental      
Operating revenues      
Total operating revenues $ 154,654 $ 102,610 $ 100,382
Services      
Operating revenues      
Total operating revenues $ 8,307 $ 323 $ 87