Array Technologies, Inc. (ARRY)

Array Technologies Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	221.52	362.99	249.08	133.9	367.67	108.44
Cash & Short-Term Investments	221.52	362.99	249.08	133.9	367.67	108.44
Cash Growth	-33.35%	45.73%	86.02%	-63.58%	239.05%	-65.05%
Accounts Receivable	378.59	275.84	332.15	421.18	236.01	118.69
Other Receivables	42.74	-	-	3.53	9.05	17.16
Receivables	421.33	275.84	332.15	424.72	245.06	135.85
Inventory	180.89	200.82	161.96	233.16	205.65	118.46
Prepaid Expenses	24.09	42.03	40.69	39.43	33.65	12.42
Restricted Cash	1.59	1.15	-	-	-	-
Other Current Assets	17.14	115.9	48.4	-	-	-
Total Current Assets	866.55	998.72	832.28	831.21	852.03	375.18
Property, Plant & Equipment	54.66	42.61	49.98	40.94	21.94	9.77
Long-Term Investments	-	3	-	-	12	-
Goodwill	245.22	160.19	435.59	416.18	69.73	69.73
Other Intangible Assets	244.48	181.41	354.39	386.36	174.75	198.26
Long-Term Deferred Tax Assets	17.31	17.75	15.87	16.47	9.35	-
Other Long-Term Assets	182.94	22.32	18.63	14.89	3.18	3.09
Total Assets	1,611	1,426	1,707	1,706	1,143	656.02
Accounts Payable	231.88	172.37	119.5	170.43	92	82.79
Accrued Expenses	76.58	17.78	26.06	54.9	38.49	29.16
Current Portion of Long-Term Debt	22.6	30.71	21.47	38.69	4.3	4.31
Current Portion of Leases	-	5.6	5.74	6.51	5.91	-
Current Income Taxes Payable	2.48	5.23	5.75	6.88	0.06	8.81
Current Unearned Revenue	95.39	119.78	66.49	178.92	99.58	149.82
Other Current Liabilities	29.57	86.35	90.67	8.93	4.97	14.2
Total Current Liabilities	458.49	437.81	335.69	465.26	245.31	289.1
Long-Term Debt	658.38	646.57	660.95	720.35	711.06	423.97
Long-Term Leases	50.47	15.13	19.48	13.9	5.36	-
Long-Term Deferred Tax Liabilities	22.04	21.4	66.86	72.61	-	13.11
Other Long-Term Liabilities	17.2	16.25	13.26	10.08	13	10.74
Total Liabilities	1,207	1,137	1,096	1,282	974.72	736.92
Common Stock	0.15	0.15	0.15	0.15	0.14	0.13
Additional Paid-In Capital	238.04	297.78	344.52	383.18	202.56	140.47
Retained Earnings	-277.11	-370.62	-130.23	-267.47	-271.9	-221.5
Comprehensive Income & Other	-7.8	-45.4	44.81	8.43	-	-
Total Common Equity	-46.72	-118.1	259.25	124.28	-69.21	-80.9
Shareholders' Equity	404.59	288.84	610.51	423.85	168.26	-80.9
Total Liabilities & Equity	1,611	1,426	1,707	1,706	1,143	656.02
Total Debt	731.44	698.01	707.64	779.45	726.62	428.28
Net Cash (Debt)	-509.92	-335.02	-458.56	-645.55	-358.95	-319.84
Net Cash Per Share	-3.35	-2.21	-3.02	-4.31	-2.76	-2.63
Filing Date Shares Outstanding	152.75	152.01	151.29	150.77	150.17	126.99
Total Common Shares Outstanding	152.75	151.95	151.24	150.51	135.03	126.99
Working Capital	408.06	560.91	496.59	365.95	606.73	86.07
Book Value Per Share	-0.31	-0.78	1.71	0.83	-0.51	-0.64
Tangible Book Value	-536.42	-459.69	-530.73	-678.27	-313.69	-348.89
Tangible Book Value Per Share	-3.51	-3.03	-3.51	-4.51	-2.32	-2.75
Land	1.68	1.59	1.63	1.58	1.34	1.34
Buildings	12.44	9.11	9.34	7.41	2.45	2.49
Machinery	54.76	36.35	31.53	26.86	16.24	14.73
Construction In Progress	14.26	3.95	6.2	5.14	1.88	-

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

SEC Filings: 10-K · 10-Q