Array Technologies, Inc.

Listed Company

ARRYCIK 0001820721NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.28B

Net Income

$-52.23M

Total Assets

$1.45B

Equity

$-206.34M

Shares Out

153.83M

Op. Cash Flow

$101.78M

ARRY$6.10−11.40% · past yearDBEQ Basic

Daily closing prices

Business

Array Technologies is a leading global provider of solar tracking systems and fixed-tilt mounting solutions to utility-scale and distributed generation solar projects. The company manufactures integrated single-axis trackers, dual-row trackers, fixed-tilt systems, software platforms, foundation solutions, and field services that optimize energy production across the project lifecycle. Array operates through two reportable segments: Array Legacy Operations, focused on tracker systems and software; and STI Operations, which includes the acquired Spanish subsidiary and Brazilian manufacturing. Products are sold primarily to solar developers, independent power producers, utilities, and engineering-procurement-construction firms in North America, Latin America, Europe, the Middle East, Asia, and Australia.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,284	916	1,577	1,638	853
Cost of product and service revenue	939	604	1,146	1,410	770
Inventory valuation charge	30	0	0	—	—
Amortization of developed technology and backlog	18	15	15	15	15
Total cost of revenue	986	618	1,161	1,425	785
Gross profit	299	298	416	213	68
General and administrative	199	161	160	151	81
Change in fair value of contingent consideration	177,000	125,000	3	−5	3
Depreciation and amortization	26	36	39	85	9
Long-lived assets impairment	0	92	0	0	—
Goodwill impairment	103	236	0	0	—
Total operating expenses	328	525	201	231	93
(Loss) income from operations	−29	−227	214	−18	−25
Interest income	12	17	8	3	209,000
Interest expense	−27	−35	−44	−37	—
Foreign currency gain (loss), net	2	−5	−53,000	1	0
Gain on extinguishment of debt, net	14	0	0	—	—
Other expense, net	−992,000	−1	−1	3	−905,000
Total other expense	−222,000	−24	−37	13	−36
(Loss) income before income tax expense (benefit)	−29	−251	177	−5	−61
Income tax expense (benefit)	23	−10	40	−9	−11
Net (loss) income	−52	−240	137	4	−50
Preferred dividends and accretion	60	56	52	—	—
Net (loss) income to common shareholders, basic	−112	−296	86	−44	−66
Net (loss) income to common shareholders, diluted	−112	−296	86	−44	−66
Basic (in dollars per share)	−0.73	−1.95	0.57	−0.29	−0.51
Diluted (in dollars per share)	−0.73	−1.95	0.56	−0.29	−0.51
Basic (in shares)	153	152	151	150	130
Diluted (in shares)	153	152	152	150	130

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-09-30
Cash and cash equivalents	244	363	249	134	63
Restricted cash	2	1	0	—	—
Accounts receivable, net	272	276	332	421	485
Inventories, net	150	201	162	233	270
Prepaid expenses and other	201	158	89	39	40
Total current assets	869	999	832	831	871
Property, plant and equipment, net	58	26	28	23	20
Lease assets	97	16	—	—	—
Goodwill	135	160	436	416	401
Other intangible assets, net	239	181	354	386	400
Deferred income tax assets	24	18	16	16	19
Other assets	30	25	41	33	23
Total assets	1,452	1,426	1,707	1,706	1,734
Accounts payable	144	172	119	170	199
Accrued expenses and other	54	91	70	55	91
Income tax payable	5	5	6	7	—
Deferred revenue	128	120	66	179	155
Current portion of contingent consideration	15	1	1	1	0
Current portion of warranty liability	11	2	3	4	4
Current portion of lease liabilities	8	6	—	—	—
Current portion of debt	10	31	21	39	48
Other current liabilities	2	10	48	11	5
Total current liabilities	377	438	336	465	513
Deferred income tax liabilities	22	21	67	73	77
Contingent consideration, net of current portion	13	8	9	7	7
Warranty liability, net of current portion	5	5	3	2	4
Lease liabilities, net of current portion	90	15	—	—	—
Long-term debt, net of current portion	659	647	661	720	725
Other long-term liabilities	26	4	20	15	9
Total liabilities	1,191	1,137	1,096	1,282	1,335
Commitments and contingencies (Note 15)	—	—	—	—	—
Series A Redeemable Perpetual Preferred Stock: $0.001 par value; 500,000 shares authorized; 490,829 and 460,920 issued, respectively; liquidation preference of $493.1 million at both dates	467	407	351	300	288
Preferred stock $0.001 par value - 4,500,000 shares authorized; none issued at respective dates	0	0	0	0	0
Common stock $0.001 par value - 1,000,000,000 shares authorized; 152,779,614 and 151,951,652 shares issued at respective dates	152,000	151,000	151,000	150,000	150,000
Additional paid-in capital	227	298	345	383	393
Accumulated deficit	−423	−371	−130	−267	−262
Accumulated other comprehensive loss	−10	−45	45	8	−19
Total stockholders equity	−206	−118	259	124	111
Total liabilities, redeemable perpetual preferred stock and stockholders equity	1,452	1,426	1,707	1,706	1,734

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	912,000	2	3	3	−467,000
Deferred tax expense (benefit)	3	−38	−9	−32	−10
Depreciation and amortization	30	38	40	87	11
Amortization of debt discount and issuance costs	5	6	11	7	15
Gain on debt refinancing	0	0	−457,000	—	—
Equity-based compensation	16	10	15	15	14
Warranty provision	17	3	5	—	—
Inventory Valuation Reserves	4	3	6	—	—
Inventory reserve	30	0	0	−859,000	990,000
Other non-cash	−2	0	0	—	—
Accounts receivable	31	41	93	−77	−117
Inventories	53	−45	67	21	−88
Income tax receivables	−7	−4	9,000	6	8
Prepaid expenses and other	−26	−70	−11	19	−21
Accounts payable	−36	58	−38	13	7
Accrued expenses and other	−54	−436,000	5	1	9
Income tax payable	−540,000	−863,000	2	−755,000	−9
Lease liabilities	2	−9	1	4	221,000
Deferred revenue	489,000	56	−112	59	−51
Other operating assets and liabilities	−18	0	0	—	—
Net cash provided by operating activities	102	154	232	141	−263
Purchase of property, plant and equipment	−22	−7	−17	−11	−3
Acquisition, net of cash acquired	−165	0	0	−374	0
Retirement/disposal of property, plant and equipment	0	34,000	168,000	0	0
Cash payments for the acquisition of right-of-use assets	0	−11	0	0	—
Investment in securities	−1	−3	0	0	—
Sale of equity investment	0	12	0	0	—
Net cash used in investing activities	−188	−10	−17	−384	−15
Proceeds from issuance of other debt	151	93	63	20	0
Proceeds from issuance of convertible notes	345	0	0	—	—
Premium paid on capped call	−35	0	0	—	—
Fees paid on issuance of convertible notes	−10	0	0	—	—
Repayments of other debt	−174	−97	−88	−24	−133
Repayments of term loan facility	−234	−4	−74	−14	0
Repayments of convertible notes	−78	0	0	—	—
Contingent consideration payments	−1	−1	−1	−1	−8
Other financing	−849,000	−2	−2	—	—
Net cash used in financing activities	−38	−12	−102	8	538
Effect of exchange rate changes on cash and cash equivalent balances	6	−18	2	735,000	0
Net change in cash and cash equivalents	−118	115	115	−234	259

Filings

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Frequently asked questions

What is Array Technologies, Inc.'s CIK number?

Array Technologies, Inc.'s SEC CIK number is 0001820721 (1820721). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Array Technologies, Inc.'s SEC filings?

All of Array Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Array Technologies, Inc. last report earnings?

Array Technologies, Inc. (ARRY) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031282). This is Array Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Array Technologies, Inc.'s most recent earnings 8-K?

Array Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-031282. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Array Technologies, Inc.'s latest earnings 8-K →
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