Array Technologies, Inc. income statement ARRY

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Array Technologies, Inc. reported revenue of $1.3 billion, up 40.2% from the year before. It recorded a net loss of $52.2 million. The operating loss came to $29.0 million, an operating margin of -2.3%. Diluted earnings per share were -$0.73. Over the twelve months ended Jun 30, 2026, revenue was $1.2 billion and the net loss was $85.9 million. Across the 6 fiscal years shown, revenue grew from $872.7 million in fiscal 2020 to $1.3 billion in fiscal 2025, about 8.0% a year.

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

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
Revenue
1,185
+1.2%
1,284
+40.2%
916
-41.9%
1,577
-3.7%
1,638
+91.9%
853
-2.2%
873
Cost of revenue
897
+6.7%
986
+59.4%
618
-46.8%
1,161
-18.5%
1,425
+81.5%
785
+17.2%
670
Gross profit
288
-12.9%
299
+0.3%
298
-28.4%
416
+95.4%
213
+211.4%
68
-66.3%
203
Research and development
13
+64.6%
10
+47.8%
7
—
—
—
—
Selling, general and administrative
214
+22.7%
199
+23.7%
161
+0.6%
160
+5.8%
151
+86.2%
81
+45.5%
56
Operating income
-61
+69.8%
-29
+87.2%
-227
-206.0%
214
+1280.9%
-18
+26.7%
-25
-126.0%
95
Other income (expense)
-13
-111.3%
-0
+99.1%
-24
+36.2%
-37
-380.5%
13
+136.2%
-36
-108.7%
-17
Pretax income
-74
+64.5%
-29
+88.3%
-251
-241.4%
177
+3677.5%
-5
+91.9%
-61
-178.6%
78
Income tax
12
+1347.0%
23
+326.1%
-10
-125.5%
40
+525.4%
-9
+12.4%
-11
-157.3%
19
Net income
-86
+58.8%
-52
+78.3%
-240
-275.2%
137
+2996.6%
4
+108.8%
-50
-185.3%
59
Net income to common
-148
+44.4%
-112
+62.2%
-296
-446.1%
86
+296.1%
-44
+34.0%
-66
—
Basic EPS
-0.97
+44.7%
-0.73
+62.6%
-1.95
-442.1%
0.57
+296.6%
-0.29
+43.1%
-0.51
-204.1%
0.49
Diluted EPS
-0.97
+44.6%
-0.73
+62.6%
-1.95
-448.2%
0.56
+293.1%
-0.29
+43.1%
-0.51
-204.1%
0.49
Weighted average shares, basic
153
+0.6%
153
+0.5%
152
+0.5%
151
+0.7%
150
+15.3%
130
+7.0%
121
Weighted average shares, diluted
153
+0.4%
153
+0.5%
152
-0.2%
152
+1.5%
150
+15.3%
130
+7.0%
122
Other measures
Depreciation and amortization
31
+9.7%
26
-27.4%
36
-7.3%
39
-54.0%
85
+802.5%
9
-63.3%
26
EBITDA
-29
+83.0%
-3
+98.5%
-191
-175.4%
253
+280.8%
66
+532.4%
-15
-112.7%
121
Interest coverage
-2.78x
-1.06x
-6.52x
—
—
—
—
Margins
Gross margin
24.27%
23.25%
32.50%
26.36%
12.99%
8.00%
23.24%
Operating margin
-5.13%
-2.26%
-24.79%
13.58%
-1.11%
-2.90%
10.91%
Pretax margin
-6.20%
-2.28%
-27.36%
11.24%
-0.30%
-7.16%
8.91%
Profit margin
-7.25%
-4.07%
-26.25%
8.71%
0.27%
-5.91%
6.77%
EBITDA margin
-2.48%
-0.22%
-20.85%
16.05%
4.06%
-1.80%
13.83%
Effective tax rate
—
—
—
22.53%
—
—
24.05%
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 per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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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.