Array Digital Files Amended 10-K with Audited Financials for Significant LA Partnership
Summary
Array Digital filed an amended 10-K to include the audited financial statements of its significant equity investee, the Los Angeles SMSA Limited Partnership, enhancing transparency into its investment.
Key Events
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Amended Annual Report Filed
Array Digital Infrastructure, Inc. filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, originally filed on February 20, 2026.
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Audited Financials for Significant Investee
The amendment's sole purpose is to include the separate audited financial statements of the Los Angeles SMSA Limited Partnership (LA Partnership) as Exhibit 99.1, as required by Rule 3-09 of Regulation S-X. Array holds a 5.5% limited partnership interest in the LA Partnership.
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LA Partnership's Strong 2025 Performance
The LA Partnership reported net income of $1.137 billion for the year ended December 31, 2025, and total assets of $6.29 billion, providing insight into a material component of Array's equity method income.
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Routine Certifications Included
New certifications from the Principal Executive Officer and Principal Financial Officer (Exhibits 31.3, 31.4, 32.3, 32.4) and auditor consent (Exhibit 23.2) were also filed as part of the amendment.
Analysis
This 10-K/A amends the previously filed Annual Report to include the separate audited financial statements of the Los Angeles SMSA Limited Partnership (LA Partnership) as Exhibit 99.1. Array Digital Infrastructure, Inc. holds a 5.5% limited partnership interest in the LA Partnership, which was deemed a significant equity investee under SEC rules. The inclusion of these financials provides investors with crucial transparency into the underlying performance and financial health of a material equity method investment, which reported over $1.1 billion in net income for 2025. This filing addresses a compliance requirement and offers a more complete financial picture of Array's investments.
At the time of this filing, AD was trading at $45.85 on NYSE in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $44.03 to $79.17. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.