Array Technologies, Inc. (ARRY) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, Array Technologies reported revenue of $1.28B, up 40.2% from $915.8M the year before. Net income was -$52.2M (a -4.1% net margin), or -$0.73 per diluted share. Gross margin was 23.2% and operating margin was -2.3%. Operating activities generated $101.8M of cash, leaving $79.8M of free cash flow. At fiscal year end, Array Technologies held $1.45B in total assets against $1.19B in total liabilities, including $244.4M of cash and equivalents.
Open the full interactive Array Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Array Technologies Key Stats
| Share Price | $3.57 |
|---|---|
| Market Cap | $555.8M |
| Revenue YoY Growth | +40.2% |
| 52-Week Range | $3.57 – $11.96 |
| Shares Outstanding | 153.9 million (basic, 2026 Q2) |
Array Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $872.7M | $853.3M | $1.64B | $1.58B | $915.8M | $1.28B |
| Gross Profit | $202.8M | $82.9M | $227.3M | $415.6M | $297.7M | $298.6M |
| Operating Income | $95.2M | -$24.7M | -$18.1M | $214.1M | -$227.0M | -$29.0M |
| Pre-Tax Income | $77.8M | -$61.1M | -$5.0M | $177.2M | -$250.6M | -$29.2M |
| Income Tax | $18.7M | -$10.7M | -$9.4M | $39.9M | -$10.2M | $23.0M |
| Net Income | $59.1M | -$50.4M | $4.4M | $137.2M | -$240.4M | -$52.2M |
| Diluted EPS | $0.49 | -$0.51 | -$0.29 | $0.56 | -$1.95 | -$0.73 |
Array Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $393.5M | $226.0M | $223.4M | $342.1M |
| Net Income | $33.5M | -$145.7M | $2.0M | $24.3M |
| Diluted EPS | $0.12 | -$0.96 | -$0.09 | $0.05 |
Array Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $108.4M | $367.7M | $133.9M | $249.1M | $363.0M | $244.4M |
| Current Assets | $375.2M | $852.0M | $831.2M | $832.3M | $998.7M | $869.0M |
| Total Assets | $656.0M | $1.14B | $1.71B | $1.71B | $1.43B | $1.45B |
| Current Liabilities | $289.1M | $245.3M | $465.3M | $335.7M | $437.8M | $377.0M |
| Total Long-Term Debt | $428.3M | $715.4M | $759.0M | $682.4M | $677.3M | $669.0M |
| Total Liabilities | $736.9M | $974.7M | $1.28B | $1.10B | $1.14B | $1.19B |
| Shareholders' Equity | -$80.9M | -$69.2M | $124.3M | $259.2M | -$118.1M | -$206.3M |
Array Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$122.2M | -$263.2M | $141.5M | $232.0M | $154.0M | $101.8M |
| Cash From Investing | -$1.3M | -$15.3M | -$384.4M | -$16.8M | -$9.6M | -$187.9M |
| Cash From Financing | -$129.3M | $537.7M | $8.4M | -$101.8M | -$11.8M | -$38.1M |
| Free Cash Flow | -$123.5M | -$266.5M | $130.9M | $215.0M | $146.7M | $79.8M |
Figures from Array Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Array Technologies financials page for every line item.
Array Technologies Company Profile
| Ticker | ARRY |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Albuquerque, New Mexico |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001820721 |
Frequently Asked Questions
What was Array Technologies' revenue in fiscal 2025?
Array Technologies (ARRY) reported revenue of $1.28B for fiscal 2025.
What is Array Technologies' annual revenue history?
Array Technologies' annual revenue by fiscal year: 2020: $872.7M; 2021: $853.3M; 2022: $1.64B; 2023: $1.58B; 2024: $915.8M; 2025: $1.28B.
What was Array Technologies' net income in fiscal 2025?
Array Technologies reported net income of -$52.2M for fiscal 2025.
What was Array Technologies' earnings per share (EPS) in fiscal 2025?
Array Technologies' diluted EPS was -$0.73 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Array Technologies generate in fiscal 2025?
Array Technologies generated $79.8M of free cash flow in fiscal 2025.
What was Array Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Array Technologies reported revenue of $342.1M.
How much debt does Array Technologies have?
Array Technologies reported $669.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Array Technologies are outstanding?
Array Technologies reported a weighted average of 153.9 million basic shares outstanding in 2026 Q2.
What is Array Technologies' market cap?
Based on its latest closing price, Array Technologies (ARRY) has a market capitalization of about $555.8M.
When does Array Technologies' fiscal year end?
Array Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Array Technologies headquartered?
Array Technologies lists its business address in Albuquerque, New Mexico in its SEC filings.