Array Technologies, Inc. (ARRY)

Array Technologies Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,284	915.81	1,577	1,638	853.32
Revenue Growth (YoY)	40.22%	-41.91%	-3.72%	91.90%	-2.22%
Cost of Revenue	985.59	618.13	1,161	1,425	785.02
Gross Profit	298.55	297.68	415.55	212.72	68.3
Selling, General & Admin	198.61	160.57	159.54	150.78	80.97
Depreciation & Amortization Expenses	26.2	36.09	38.93	84.58	9.37
Other Operating Expenses	102.74	328.03	2.96	-4.51	2.7
Total Operating Expenses	327.55	524.68	201.43	230.85	93.04
Operating Income	-29	-227.01	214.12	-18.13	-24.74
Total Non-Operating Income (Expense)	-0.22	-23.57	-36.97	13.18	-36.38
Pretax Income	-29.22	-250.58	177.16	-4.95	-61.12
Provision for Income Taxes	23.02	-10.18	39.92	-9.38	-10.72
Net Income	-112.03	-296.06	85.55	-43.62	-66.12
Net Income Attributable to Preferred Dividends	59.8	55.67	51.69	48.05	15.72
Net Income to Common	-112.03	-296.06	85.55	-43.62	-66.12
Shares Outstanding (Basic)	153	152	151	150	130
Shares Outstanding (Diluted)	153	152	152	150	130
Shares Change (YoY)	0.52%	-0.18%	1.47%	15.26%	6.97%
EPS (Basic)	-0.73	-1.95	0.57	-0.29	-0.51
EPS (Diluted)	-0.73	-1.95	0.56	-0.29	-0.51
Free Cash Flow	79.81	146.68	214.97	130.87	-266.54
Free Cash Flow Growth	-45.59%	-31.77%	64.25%	-	-
Free Cash Flow Per Share	0.52	0.97	1.41	0.87	-2.05
Gross Margin	23.25%	32.50%	26.36%	12.99%	8.00%
Operating Margin	-2.26%	-24.79%	13.58%	-1.11%	-2.90%
Profit Margin	-4.07%	-26.25%	8.71%	0.27%	-5.91%
FCF Margin	6.22%	16.02%	13.64%	7.99%	-31.24%
EBITDA	18.29	-174.23	268.95	82.93	1.21
EBITDA Margin	1.42%	-19.02%	17.06%	5.06%	0.14%
EBIT	-29	-227.01	214.12	-18.13	-24.74
EBIT Margin	-2.26%	-24.79%	13.58%	-1.11%	-2.90%
Effective Tax Rate	-78.78%	4.06%	22.53%	189.50%	17.54%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q