Array Technologies, Inc. balance sheet ARRY

Annual Quarterly

As of Jun 30, 2026, Array Technologies, Inc. had total assets of $1.5 billion and total liabilities of $1.2 billion. Total assets were down 0.5% from a year earlier. Stockholders' equity was negative, at -$202.1 million, because liabilities exceed assets. It held $307.3 million in cash and investments against $752.9 million of total debt, net debt of $445.6 million. The current ratio, current assets divided by current liabilities, was 2.20.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Assets
Cash	307 -18.5%	244 -32.7%	363 +45.7%	249 +86.0%	134 -63.6%	368 +239.1%	108
Cash and investments	307 -18.5%	244 -32.7%	363 +45.7%	249 +86.0%	134 -63.6%	368 +239.1%	108
Receivables	323 -11.9%	272 -1.5%	276 -17.0%	332 -21.1%	421 +78.5%	236 +98.8%	119
Inventory	156 -12.1%	150 -25.1%	201 +24.0%	162 -30.5%	233 +13.4%	206 +73.6%	118
Total current assets	892 -14.1%	869 -13.0%	999 +20.0%	832 +0.1%	831 -2.4%	852 +127.1%	375
Property and equipment, net	68 +94.4%	58 +122.0%	26 -6.0%	28 +20.4%	23 +116.7%	11 +9.4%	10
Goodwill	135 -21.7%	135 -15.6%	160 -63.2%	436 +4.7%	416 +496.9%	70 +0.0%	70
Total assets	1,534 -0.5%	1,452 +1.8%	1,426 -16.4%	1,707 +0.0%	1,706 +49.3%	1,143 +74.2%	656
Liabilities and equity
Accounts payable	161 -0.1%	144 -16.5%	172 +44.2%	119 -29.9%	170 +85.2%	92 +11.2%	83
Total current liabilities	406 -13.4%	377 -13.9%	438 +30.4%	336 -27.8%	465 +89.7%	245 -15.1%	289
Total liabilities	1,238 +5.2%	1,191 +4.8%	1,137 +3.7%	1,096 -14.5%	1,282 +31.5%	975 +32.3%	737
Stockholders' equity	-202 -185.2%	-206 -74.7%	-118 -145.6%	259 +108.6%	124 +279.6%	-69 +14.5%	-81
Debt
Debt due within a year	—	10 -66.4%	31 +43.0%	21 -44.5%	39 +799.8%	4 -0.3%	4
Long-term debt	658 +0.0%	659 +1.9%	647 -2.2%	661 -8.2%	720 +1.3%	711 +67.7%	424
Lease liabilities	95	97 +369.0%	21 -17.8%	25 +23.6%	20 +81.1%	11	—
Total debt	753 +8.5%	766 +9.8%	698 -1.4%	708 -9.2%	779 +7.3%	727 +69.7%	428
Net cash	-446 -40.8%	-522 -55.8%	-335 +26.9%	-459 +29.0%	-646 -79.8%	-359 -12.2%	-320
Ratios
Current ratio	2.20x	2.31x	2.28x	2.48x	1.79x	3.47x	1.30x
Debt to equity	—	—	—	2.73x	6.27x	—	—
Debt to EBITDA	—	—	—	2.80x	11.73x	—	3.55x
Return on equity	—	—	—	52.94%	3.57%	—	—
Return on assets	-5.60%	-3.60%	-16.86%	8.04%	0.26%	-4.41%	9.00%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Semiconductors & Related Devices (SIC 3674)
Listed as: ARRY (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Albuquerque, NM
SEC filer status: Large accelerated filer
SEC CIK: 1820721
Former names: ATI Intermediate Holdings, LLC (until Oct 13, 2020)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.