Array Technologies, Inc. (ARRY) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
3901 MIDWAY PLACE NE ALBUQUERQUE, NM 87109 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 399 - Miscellaneous Manufacturing Industries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 362,992 | 249,080 | 133,901 | 367,670 | 108,441 | |||
| Cash and cash equivalent | 362,992 | 249,080 | 133,901 | 367,670 | 108,441 | |||
| Receivables | 275,838 | 332,152 | 424,715 | 245,061 | 135,852 | |||
| Inventory, net of allowances, customer advances and progress billings | 200,818 | 161,964 | 233,159 | 205,653 | 118,459 | |||
| Inventory | 200,818 | 161,964 | 233,159 | 205,653 | 118,459 | |||
| Prepaid expense | ||||||||
| Contract with customer, asset, after allowance for credit loss | 94,045 | |||||||
| Other current assets | ||||||||
| Other undisclosed current assets | 65,031 | 89,085 | 39,434 | 33,649 | 12,423 | |||
| Total current assets: | 998,724 | 832,281 | 831,209 | 852,033 | 375,175 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ||||||||
| Operating lease, right-of-use asset | ||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 26,222 | 31,886 | 23,174 | 10,692 | 9,774 | |||
| Intangible asset, including goodwill, after accumulated amortization | 341,598 | 785,987 | 802,548 | 244,480 | 267,987 | |||
| Goodwill | 160,189 | 435,591 | 416,184 | 69,727 | 69,727 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 181,409 | 350,396 | 386,364 | 174,753 | 198,260 | |||
| Deferred income tax assets | 17,754 | 15,870 | 16,466 | 9,345 | ||||
| Other noncurrent assets | 41,701 | 40,717 | 32,655 | 26,429 | 3,088 | |||
| Total noncurrent assets: | 427,275 | 874,460 | 874,843 | 290,946 | 280,849 | |||
| TOTAL ASSETS: | 1,425,999 | 1,706,741 | 1,706,052 | 1,142,979 | 656,024 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 265,614 | 192,499 | 235,896 | 133,138 | 123,782 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 60 | 8,814 | ||
| Accounts payable | 172,368 | 119,498 | 170,430 | 91,392 | 82,755 | |||
| Accrued liabilities | 93,246 | 73,001 | 65,466 | 41,686 | 32,213 | |||
| Other undisclosed accounts payable and accrued liabilities | ||||||||
| Deferred revenue | 119,775 | 66,488 | 178,922 | 99,575 | 149,821 | |||
| Debt | 30,714 | 21,472 | 38,691 | 4,300 | 4,313 | |||
| Business combination, contingent consideration, liability | 1,193 | 1,427 | 1,200 | 1,773 | 8,955 | |||
| Other liabilities | 15,291 | 48,051 | 10,553 | 5,909 | ||||
| Due to related parties | ✕ | ✕ | ✕ | 610 | 2,232 | |||
| Other undisclosed current liabilities | 5,227 | 5,754 | ||||||
| Total current liabilities: | 437,814 | 335,691 | 465,262 | 245,305 | 289,103 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 646,570 | 660,948 | 720,352 | 711,056 | 423,970 | |||
| Long-term debt, excluding current maturities | 646,570 | 660,948 | 720,352 | 711,056 | 423,970 | |||
| Finance lease, liability | ||||||||
| Liabilities, other than long-term debt | 52,780 | 99,594 | 96,587 | 18,361 | 23,850 | |||
| Accounts payable and accrued liabilities | 4,830 | 3,372 | 1,786 | |||||
| Deferred income tax liabilities | 21,398 | 66,858 | 72,606 | 13,114 | ||||
| Other liabilities | 18,684 | 20,428 | 14,808 | 5,557 | ||||
| Operating lease, liability | ||||||||
| Business combination, contingent consideration, liability | 7,868 | 8,936 | 7,387 | 12,804 | 10,736 | |||
| Total noncurrent liabilities: | 699,350 | 760,542 | 816,939 | 729,417 | 447,820 | |||
| Total liabilities: | 1,137,164 | 1,096,233 | 1,282,201 | 974,722 | 736,923 | |||
| Temporary equity, including noncontrolling interest | 406,931 | 351,260 | 299,570 | 237,462 | ||||
| Equity | ||||||||
| Equity, attributable to parent | (118,096) | 259,248 | 124,281 | (69,205) | (80,899) | |||
| Common stock | 151 | 151 | 150 | 135 | 127 | |||
| Additional paid in capital | 297,780 | 344,517 | 383,176 | 202,562 | 140,473 | |||
| Accumulated other comprehensive income (loss) | (45,403) | 44,810 | 8,425 | |||||
| Accumulated deficit | (370,624) | (130,230) | (267,470) | (271,902) | (221,499) | |||
| Total equity: | (118,096) | 259,248 | 124,281 | (69,205) | (80,899) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,425,999 | 1,706,741 | 1,706,052 | 1,142,979 | 656,024 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 915,807 | 1,576,551 | 1,637,546 | 853,318 | 872,662 | ||
| Cost of revenue | (618,130) | (1,161,000) | (1,410,270) | (770,459) | (669,861) | ||
| Cost of product and service sold | (618,130) | (1,161,000) | (741) | (2,990) | (3,225) | ||
| Gross profit: | 297,677 | 415,551 | 227,276 | 82,859 | 202,801 | ||
| Operating expenses | (524,682) | (201,427) | (245,409) | (107,600) | (107,589) | ||
| Operating income (loss): | (227,005) | 214,124 | (18,133) | (24,741) | 95,212 | ||
| Nonoperating income (expense) | (23,571) | (36,967) | 13,181 | (36,380) | (17,434) | ||
| Gain (loss), foreign currency transaction, before tax | (4,515) | (53) | 1,155 | ||||
| Other nonoperating income (expense) | (1,008) | (1,015) | 2,789 | (905) | (2,305) | ||
| Interest and debt expense | (34,825) | 457 | (33,513) | (35,475) | (15,129) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (285,401) | 177,614 | (38,465) | (96,596) | 62,649 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 34,825 | (457) | 33,513 | 35,475 | 15,129 | ||
| Income (loss) from continuing operations before income taxes: | (250,576) | 177,157 | (4,952) | (61,121) | 77,778 | ||
| Income tax expense (benefit) | 10,182 | (39,917) | 9,384 | 10,718 | (18,705) | ||
| Income (loss) from continuing operations: | (240,394) | 137,240 | 4,432 | (50,403) | 59,073 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (50,403) | 59,073 | |
| Net income (loss) attributable to parent: | (240,394) | 137,240 | 4,432 | (50,403) | 59,073 | ||
| Preferred stock dividends and other adjustments | |||||||
| Other undisclosed net loss available to common stockholders, basic | (55,670) | (51,691) | (48,054) | (15,715) | |||
| Net income (loss) available to common stockholders, diluted: | (296,064) | 85,549 | (43,622) | (66,118) | 59,073 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (240,394) | 137,240 | 4,432 | (50,403) | 59,073 | ||
| Comprehensive income (loss): | (240,394) | 137,240 | 4,432 | (50,403) | 59,073 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (90,213) | 36,385 | 8,425 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (330,607) | 173,625 | 12,857 | (50,403) | 59,073 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.