SequelSEC

Array Technologies, Inc. ARRY

Semiconductors & Related Devices · CIK 0001820721 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$1.28B
Fiscal year ended 2025-12-31
Operating income
-$29.00M
Fiscal year ended 2025-12-31
Free cash flow
$79.81M
Fiscal year ended 2025-12-31

Array Technologies, Inc. (ARRY) reported revenue of $1.28B and net income of -$52.24M for the fiscal year ended 2025-12-31. This page shows 8 annual periods of income statement, balance sheet and cash flow figures normalized from Array Technologies, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.

Income

Array Technologies, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$1.28B$915.81M$1.58B$1.64B$853.32M$872.66M$647.90M$290.78M
Cost of revenue$985.59M$618.13M$1.16B$1.42B$785.02M$669.86M$497.14M$279.23M
Gross profit$298.55M$297.68M$415.55M$212.72M$68.30M$202.80M$150.76M$11.56M
Operating income-$29.00M-$227.00M$214.12M-$18.13M-$24.74M$95.21M$83.41M-$61.21M
Net income-$52.24M-$240.39M$137.24M$4.43M-$50.40M$59.07M$39.74M-$60.76M
Research & development$9.90M$6.70M$8.50M$4.20MUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 152.54Mshares 151.75Mshares 152.02Mshares 149.82Mshares 129.98Mshares 121.51Mshares 119.99Mshares 119.99M
Pretax income-$29.22M-$250.58M$177.16M-$4.95M-$61.12M$77.78M$64.58M-$80.70M
Income tax expense$23.02M-$10.18M$39.92M-$9.38M-$10.72M$18.70M$24.83M-$19.93M
Diluted EPS$-0.73$-1.95$0.56$-0.29$-0.51$0.49$0.33$-0.51
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$198.61M$160.57M$159.54M$150.78M$80.97M$55.63M$41.21M$46.88M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Array Technologies, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash & equivalents$244.39M$362.99M$249.08M$133.90M$367.67M$108.44M$310.26MUnavailable
Total assets$1.45B$1.43B$1.71B$1.71B$1.14B$656.02M$923.58MUnavailable
Current assets$869.04M$998.72M$832.28M$831.21M$852.03M$375.18M$619.68MUnavailable
Total liabilities$1.19B$1.14B$1.10B$1.28B$974.72M$736.92M$618.43MUnavailable
Current liabilities$377.01M$437.81M$335.69M$465.26M$245.30M$289.10M$590.62MUnavailable
Total equity incl. NCI-$206.34M-$118.10M$259.25M$124.28M-$69.20M-$80.90M$305.15MUnavailable
Temporary (mezzanine) equity$466.73M$406.93M$351.26M$299.57M$237.46M$0UnavailableUnavailable
Inventory$150.37M$200.82M$161.96M$233.16M$205.65M$118.46M$148.02MUnavailable
Accounts receivable$271.58M$275.84M$332.15M$421.18M$236.01M$118.69M$96.25MUnavailable
Goodwill$135.17M$160.19M$435.59M$416.18M$69.73M$69.73M$69.73MUnavailable
Long-term debt$658.66M$646.57M$660.95M$720.35M$711.06M$423.97M$0Unavailable
Accounts payable$143.99M$172.37M$119.50M$170.43M$92.00M$82.76M$129.58MUnavailable

Cash flow

Array Technologies, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Operating cash flow$101.78M$153.98M$231.96M$141.49M-$263.19M-$122.20M$386.07M-$11.73M
Capital expenditures$21.97M$7.30M$16.99M$10.62M$3.36M$1.34M$1.70M$2.07M
Investing cash flow-$187.89M-$9.57M-$16.82M-$384.44M-$15.33M-$1.34M-$1.70M-$6.43M
Financing cash flow-$38.05M-$11.84M-$101.76M$8.44M$537.75M-$129.27M-$63.94M$50.86M
Net change in cash-$118.16M$115.06M$115.18M-$233.77M$259.23M-$252.82M$320.43M$32.71M
Stock-based compensation$15.57M$10.35M$14.54M$14.98M$13.76M$4.81M$799.00K$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$26.20M$36.09M$38.93M$84.58M$9.37M$27.47M$27.32M$28.45M

Derived

Array Technologies, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Free cash flow$79.81M$146.68M$214.97M$130.87M-$266.54M-$123.54M$384.38M-$13.80M
Gross margin23.2%32.5%26.4%13.0%8.0%23.2%23.3%4.0%
Operating margin-2.3%-24.8%13.6%-1.1%-2.9%10.9%12.9%-21.0%
FCF margin6.2%16.0%13.6%8.0%-31.2%-14.2%59.3%-4.7%
SBC / revenue1.2%1.1%0.9%0.9%1.6%0.6%0.1%0.0%
Current ratio2.31x2.28x2.48x1.79x3.47x1.30x1.05xUnavailable
Revenue YoY growth40.2%-41.9%-3.7%91.9%-2.2%34.7%122.8%Unavailable
Net margin-4.1%-26.2%8.7%0.3%-5.9%6.8%6.1%-20.9%
R&D / revenue0.8%0.7%0.5%0.3%UnavailableUnavailableUnavailableUnavailable
CapEx / revenue1.7%0.8%1.1%0.6%0.4%0.2%0.3%0.7%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailable22.5%UnavailableUnavailable24.0%38.5%Unavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ARRY in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-25View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-06View SEC filing

Companies in the same industry

AAOI ADI AIP ALAB ALGM ALMU AMAT AMBA AMBQ AMD AMKR AOSL

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.