Array Technologies, Inc. (ARRY)

ARRY Income Statement

Revenue, expenses, and profitability analysis

ARRY Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	1.205B	223.412M	226.044M	393.491M	362.243M	302.363M	275.232M	231.406M	255.766M
Cost of Goods Sold	920.061M	160.408M	206.714M	287.820M	265.119M	225.935M	196.913M	153.091M	169.813M
Gross Profit	285.129M	63.004M	19.330M	105.671M	97.124M	76.428M	78.319M	78.315M	85.953M
Gross Profit Margin	28.2%	28.2%	8.6%	26.9%	26.8%	25.3%	28.5%	33.8%	33.6%
Total Operating Expenses	233.998M	58.481M	65.713M	59.206M	50.598M	49.294M	220.665M	210.990M	46.351M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	31.558M	0.00	0.00
Selling, General & Administrative	205.071M	50.404M	57.465M	52.248M	44.954M	43.945M	45.663M	40.149M	36.971M
Operating Income (EBIT)	51.131M	4.523M	-46.383M	46.465M	46.526M	27.134M	-142.346M	-132.675M	39.602M
Operating Margin	2.0%	2.0%	-20.5%	11.8%	12.8%	9.0%	-51.7%	-57.3%	15.5%
Income Before Tax (EBT)	-48.372M	4.125M	-152.820M	43.444M	56.879M	23.280M	-150.049M	-137.504M	33.508M
Interest Income	10.920M	2.387M	1.756M	2.977M	3.800M	3.319M	4.092M	4.223M	4.782M
Interest Expense	24.859M	5.563M	5.482M	5.046M	8.768M	8.035M	9.007M	8.264M	8.614M
Other Income/Expense	-99.503M	-398K	-106.437M	-3.021M	10.353M	-3.854M	-7.703M	-4.829M	-6.094M
Net Income	-66.984M	1.997M	-145.746M	33.503M	43.262M	16.746M	-126.903M	-141.354M	25.698M
Income Tax Expense	18.612M	2.128M	-7.074M	9.941M	13.617M	6.534M	-23.146M	3.850M	7.810M
Net Profit Margin	0.9%	0.9%	-64.5%	8.5%	11.9%	5.5%	-46.1%	-61.1%	10.0%
EBITDA	29.569M	25.053M	-131.686M	60.659M	75.543M	40.886M	-128.196M	-136.888M	55.093M
EBITDA Margin	11.2%	11.2%	-58.3%	15.4%	20.9%	13.5%	-46.6%	-59.2%	21.5%
Depreciation & Amortization	53.082M	15.365M	15.652M	12.169M	9.896M	9.571M	12.846M	8.880M	12.971M
EPS Basic	-0.84	-0.09	-1.06	0.12	0.19	0.02	-0.93	-1.02	0.08
EPS Diluted	-0.84	-0.09	-1.06	0.12	0.19	0.02	-0.93	-1.02	0.08
Shares Outstanding	152.956M	152.956M	152.752M	152.727M	152.584M	152.076M	151.754M	151.923M	151.797M
Diluted Shares Outstanding	152.956M	152.956M	152.752M	154.090M	153.068M	152.783M	151.754M	151.923M	152.207M

ARRY Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.284B	915.807M	1.577B	1.638B	853.318M	872.662M	647.899M	290.783M
Cost of Goods Sold	985.588M	618.130M	1.161B	1.425B	785.017M	669.861M	497.138M	279.228M
Gross Profit	298.553M	297.677M	415.551M	212.718M	68.301M	202.801M	150.761M	11.555M
Gross Profit Margin	23.2%	32.5%	26.4%	13.0%	8.0%	23.2%	23.3%	4.0%
Total Operating Expenses	224.811M	524.682M	201.427M	230.851M	93.042M	107.589M	67.352M	73.586M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	198.612M	160.567M	159.535M	150.777M	80.974M	55.634M	41.212M	46.878M
Operating Income (EBIT)	73.742M	-227.005M	214.124M	-18.133M	-24.741M	95.212M	83.409M	-61.206M
Operating Margin	5.7%	-24.8%	13.6%	-1.1%	-2.9%	10.9%	12.9%	-21.0%
Income Before Tax (EBT)	-29.217M	-250.576M	177.157M	-4.952M	-61.121M	77.778M	64.579M	-80.696M
Interest Income	11.852M	16.777M	8.330M	3.181M	209K	—	—	—
Interest Expense	27.331M	34.825M	44.229M	36.694M	35.684M	15.129M	18.797M	19.043M
Other Income/Expense	-102.959M	-23.571M	-36.967M	13.181M	-36.380M	-17.434M	-18.830M	-19.490M
Net Income	-52.235M	-240.394M	137.240M	4.432M	-50.403M	59.073M	39.745M	-60.764M
Income Tax Expense	23.018M	-10.182M	39.917M	-9.384M	-10.718M	18.705M	24.834M	-19.932M
Net Profit Margin	-4.1%	-26.2%	8.7%	0.3%	-5.9%	6.8%	6.1%	-20.9%
EBITDA	45.402M	-162.972M	276.212M	132.801M	509K	149.127M	110.692M	-33.245M
EBITDA Margin	3.5%	-17.8%	17.5%	8.1%	0.1%	17.1%	17.1%	-11.4%
Depreciation & Amortization	47.288M	52.779M	54.826M	101.059M	25.946M	27.474M	27.316M	28.408M
EPS Basic	-0.73	-1.95	0.57	-0.29	-0.51	0.47	0.31	-0.48
EPS Diluted	-0.73	-1.95	0.56	-0.29	-0.51	0.47	0.31	-0.48
Shares Outstanding	152.537M	151.754M	150.942M	149.819M	129.984M	126.994M	126.994M	126.994M
Diluted Shares Outstanding	152.537M	151.754M	152.022M	149.819M	129.984M	126.994M	126.994M	126.994M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Array Technologies, Inc.

Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal alignment for solar arrays in real time to maximize energy output. This enterprise was established in 1989 and its corporate headquarters are situated in Albuquerque, New Mexico.

Albuquerque, NM

1,021 employees

arraytechinc.com

Energy / Solar

Sector: Energy
Industry: Solar
CEO: Kevin G. Hostetler

View full financials