Array Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,333	915.81	1,577	1,638	853.32	872.66
Revenue Growth (YoY)	35.75%	-41.91%	-3.72%	91.90%	-2.22%	34.69%
Cost of Revenue	975.79	622.13	1,161	1,425	785.02	669.86
Gross Profit	357.54	293.68	415.55	212.72	68.3	202.8
Selling, General & Admin	175.21	160.57	159.54	145.18	80.97	55.63
Operating Expenses	201.86	196.65	198.46	229.76	90.35	81.15
Operating Income	155.68	97.02	217.09	-17.04	-22.05	121.65
Interest Expense	-30.86	-34.83	-44.23	-36.69	-35.68	-15.13
Interest & Investment Income	14.19	16.78	8.33	3.18	0.21	-
Currency Exchange Gain (Loss)	-1.42	-4.52	-0.05	1.16	-	-
Other Non Operating Income (Expenses)	0.67	-1.01	-1.02	2.79	-0.91	-2.31
EBT Excluding Unusual Items	138.26	73.45	180.12	-46.61	-58.43	104.22
Merger & Restructuring Charges	-11.6	-	-	-5.6	-	-
Impairment of Goodwill	-74	-236	-	-	-	-
Asset Writedown	-91.9	-91.9	-	-	-	-
Legal Settlements	-	-	-	42.75	-	-
Other Unusual Items	12.8	3.88	-2.96	4.51	-2.7	-26.44
Pretax Income	-26.45	-250.58	177.16	-4.95	-61.12	77.78
Income Tax Expense	6.95	-10.18	39.92	-9.38	-10.72	18.71
Net Income	-33.39	-240.39	137.24	4.43	-50.4	59.07
Preferred Dividends & Other Adjustments	58.71	55.67	51.69	48.05	15.72	-
Net Income to Common	-92.11	-296.06	85.55	-43.62	-66.12	59.07
Net Income Growth	-	-	2996.57%	-	-	48.63%
Shares Outstanding (Basic)	152	152	151	150	130	121
Shares Outstanding (Diluted)	152	152	152	150	130	122
Shares Change (YoY)	0.51%	-0.18%	1.47%	15.26%	6.97%	1.27%
EPS (Basic)	-0.60	-1.95	0.57	-0.29	-0.51	0.49
EPS (Diluted)	-0.60	-1.95	0.56	-0.29	-0.51	0.49
EPS Growth	-	-	-	-	-	47.37%
Free Cash Flow	99.53	146.68	214.97	130.87	-266.54	-123.54
Free Cash Flow Per Share	0.65	0.97	1.41	0.87	-2.05	-1.02
Gross Margin	26.82%	32.07%	26.36%	12.99%	8.00%	23.24%
Operating Margin	11.68%	10.59%	13.77%	-1.04%	-2.58%	13.94%
Profit Margin	-6.91%	-32.33%	5.43%	-2.66%	-7.75%	6.77%
Free Cash Flow Margin	7.46%	16.02%	13.63%	7.99%	-31.24%	-14.16%
EBITDA	184.81	135.25	257.36	69.46	-10.66	149.13
EBITDA Margin	13.86%	14.77%	16.32%	4.24%	-1.25%	17.09%
D&A For EBITDA	29.13	38.22	40.27	86.5	11.39	27.47
EBIT	155.68	97.02	217.09	-17.04	-22.05	121.65
EBIT Margin	11.68%	10.59%	13.77%	-1.04%	-2.58%	13.94%
Effective Tax Rate	-	-	22.53%	-	-	24.05%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q