Array Technologies, Inc. (ARRY) — Financial statements
Income statement, balance sheet, and cash flow for Array Technologies, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,284↑40.2% | 916↓41.9% | 1,577↓3.7% | 1,638↑91.9% | 853 | |
| Cost of Revenue | 1,012↑63.7% | 618↓46.8% | 1,161↓18.5% | 1,425↑81.5% | 785 | |
| Gross Profit | 272↓8.5% | 298↓28.4% | 416↑95.4% | 213↑211.4% | 68 | |
| Operating Expenses | ||||||
| R&D Expenses | 19 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 199↑23.7% | 161↑0.6% | 160↑5.8% | 151↑86.2% | 81 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 199↑23.7% | 161↑0.6% | 160↑5.8% | 151↑86.2% | 81 | |
| Other Expenses | -29↓108.0% | 364↑769.2% | 42↓47.7% | 80↑563.5% | 12 | |
| Operating Expenses | 188↓64.2% | 525↑160.5% | 201↓12.7% | 231↑148.1% | 93 | |
| Total Costs & Expenses | 1,200↑5.0% | 1,143↓16.1% | 1,362↓17.7% | 1,656↑88.6% | 878 | |
| Operating Results | ||||||
| Operating Income | 84↑137.2% | -227↓206.0% | 214↑1280.9% | -18↑26.7% | -25 | |
| Depreciation & Amortization | 47↓10.4% | 53↓3.7% | 55↓45.7% | 101↑289.5% | 26 | |
| EBITDA | 45↑127.9% | -163↓159.0% | 276↑108.0% | 133↑25990.6% | 0.51 | |
| EBIT | -2↑99.1% | -216↓197.5% | 221↑597.5% | 32↑224.8% | -25 | |
| Interest & Other Income | ||||||
| Net Interest Income | -15↑14.2% | -18↑49.7% | -36↓7.1% | -34↑5.5% | -35 | |
| Interest Income | 12↓29.4% | 17↑101.4% | 8↑161.9% | 3 | 0.00 | |
| Interest Expense | 27↓21.5% | 35↓21.3% | 44↑20.5% | 37↑3.4% | 35 | |
| Non-Operating Income | 86↑866.2% | -11↓55.0% | -7↑85.4% | -50↓7265.9% | 0.70 | |
| Other Income / Expenses | -114↓381.8% | -24↑36.2% | -37↓380.5% | 13↑136.2% | -36 | |
| Income Before Tax | -29↑88.3% | -251↓241.4% | 177↑3677.5% | -5↑91.9% | -61 | |
| Income Tax Expense | 23↑326.1% | -10↓125.5% | 40↑525.4% | -9↑12.4% | -11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -52↑78.3% | -240↓275.2% | 137↑2996.6% | 4↑108.8% | -50 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -52↑78.3% | -240↓275.2% | 137↑2996.6% | 4↑108.8% | -50 | |
| Bottom-Line Net Income | -112↑62.2% | -296↓446.1% | 86↑296.1% | -44↑34.0% | -66 | |
| EPS (Basic) | -0.73↑62.6% | -1.95↓442.1% | 0.57↑296.6% | -0.29↑43.1% | -0.51 | |
| EPS (Diluted) | -0.73↑62.6% | -1.95↓448.2% | 0.56↑293.1% | -0.29↑43.1% | -0.51 | |
| Weighted Average Shares | 153↑0.5% | 152↑0.5% | 151↑0.7% | 150↑15.3% | 130 | |
| Weighted Average Diluted Shares | 153↑0.5% | 152↓0.2% | 152↑1.5% | 150↑15.3% | 130 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.