Array Technologies, Inc. (ARRY) Net Income
The trailing-twelve-month (TTM) net income for Array Technologies, Inc. (ARRY) is ($66.98 Million) — a year-over-year growth rate is not meaningful while net income is negative, so we show an honest n/m rather than a sign-ambiguous percentage. Net income represents the company's bottom line profit after all expenses, taxes, and interest.
ARRY Annual Net Income
Net Income (TTM)
($66.98M)
($66.98 Million)
Year-over-Year Change
n/m
not meaningful — net income is negative this period
Net Income CAGR
+6.68%
3 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
(41.32%)
3 Year
+6.68%
5 Year
N/A
10 Year
N/A
15 Year
N/A
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | ($52.23M) | +$188.16M | — |
| 2024 | ($240.39M) | ($377.63M) | (275.16%) |
| 2023 | $137.24M | +$132.81M | +2996.57% |
| 2022 | $4.43M | +$54.84M | — |
| 2021 | ($50.40M) | ($109.48M) | (185.32%) |
| 2020 | $59.07M | +$19.33M | +48.63% |
| 2019 | $39.74M | +$100.51M | — |
Net Income Growth Summary
TTM Growth
n/m
3-Year Avg Growth
n/m
5-Year Avg Growth
n/m
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.
- Sector
- Energy
- Industry
- Solar
- CEO
- Kevin G. Hostetler