Array Technologies, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 09/30/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.3B | $915.8M | $1.6B | $1.6B | — |
| Cost of revenue | $985.6M | $618.1M | $1.2B | $1.4B | — |
| Gross profit | $298.6M | $297.7M | $415.6M | $212.7M | — |
| Research and development | $9.9M | $6.7M | $8.5M | $4.2M | — |
| Operating expenses | $327.5M | $524.7M | $201.4M | $230.9M | — |
| Operating income | -$29.0M | -$227.0M | $214.1M | -$18.1M | — |
| Interest expense | $27.3M | $34.8M | $44.2M | $36.7M | — |
| Pretax income | -$29.2M | -$250.6M | $177.2M | -$5.0M | — |
| Income tax expense | $23.0M | -$10.2M | $39.9M | -$9.4M | — |
| Net income | -$52.2M | -$240.4M | $137.2M | $4.4M | — |
| Balance Sheet | |||||
| Cash and equivalents | $244.4M | $363.0M | $249.1M | $133.9M | $62.8M |
| Current assets | $869.0M | $998.7M | $832.3M | $831.2M | $871.0M |
| Total assets | $1.5B | $1.4B | $1.7B | $1.7B | $1.7B |
| Current liabilities | $377.0M | $437.8M | $335.7M | $465.3M | $513.1M |
| Total liabilities | $1.2B | $1.1B | $1.1B | $1.3B | $1.3B |
| Total debt | $682.8M | $692.9M | $703.1M | $789.4M | — |
| Stockholders' equity | -$206.3M | -$118.1M | $259.2M | $124.3M | $111.5M |
| Cash Flow Statement | |||||
| Cash from operations | $101.8M | $154.0M | $232.0M | $141.5M | — |
| Depreciation and amortization | $6.1M | $4.4M | $2.6M | $101.1M | — |
| Stock-based compensation | $15.6M | $10.3M | $14.5M | $15.0M | — |
| Capital expenditure | $22.0M | $7.3M | $17.0M | $10.6M | — |
| Free cash flow | $79.8M | $146.7M | $215.0M | $130.9M | — |
| Impairments | $102.6M | $236.0M | $0 | $0 | — |
Shares outstanding 153.8M · Free float 95.0%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.