Array Technologies, Inc. (ARRY) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 879.42M | 869.04M | 866.55M | 1.04B | 976.29M | 998.72M | 902.28M | 848.94M | 774.42M | 832.28M | 863.09M | 908.24M | 866.64M | 831.21M | 871.8M | 907.95M | 817M | 852.03M | 491.63M | 330.21M |
| Cash & Short-Term Investments | 200.7M | 244.39M | 221.52M | 377.27M | 348.32M | 362.99M | 332.37M | 282.32M | 287.62M | 249.08M | 174.01M | 155.97M | 147.76M | 133.9M | 62.78M | 51.05M | 49.49M | 367.67M | 116.39M | 17.68M |
| Cash Only | 200.7M | 244.39M | 221.52M | 377.27M | 348.32M | 362.99M | 332.37M | 282.32M | 287.62M | 249.08M | 174.01M | 155.97M | 147.76M | 133.9M | 62.78M | 51.05M | 49.49M | 367.67M | 116.39M | 17.68M |
| Short-Term Investments | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 292.33M | 271.58M | 378.59M | 367.18M | 282.57M | 275.84M | 282.12M | 309.72M | 229.22M | 332.15M | 428.03M | 502.68M | 417.88M | 424.71M | 497.94M | 474.12M | 422M | 245.06M | 183.91M | 163.27M |
| Days Sales Outstanding | 113.58 | 132.31 | 87.18 | 81.61 | 83.11 | 93.25 | 117.65 | 95.88 | 166.51 | 102.36 | 122.17 | 82.5 | 100.64 | 105.56 | 86.82 | 97.11 | 99.86 | 92.85 | 84.64 | 66.99 |
| Inventory | 167.97M | 150.37M | 180.88M | 177.97M | 186.88M | 200.82M | 195.7M | 165.64M | 178.69M | 161.96M | 216.02M | 206.86M | 254.62M | 233.16M | 269.77M | 329.95M | 299.01M | 205.65M | 173.13M | 137.67M |
| Days Inventory Outstanding | 89.31 | 70.89 | 57.35 | 62.61 | 77.22 | 92.63 | 108.57 | 92.26 | 157.66 | 67.55 | 73.95 | 58.11 | 78.61 | 71.95 | 62.92 | 75.33 | 82.88 | 83.13 | 78.21 | 67.83 |
| Other Current Assets | 218.42M | 202.7M | 85.56M | 116.04M | 158.52M | 159.08M | 92.1M | 68.4M | 45.9M | 89.08M | 45.03M | 42.74M | 46.38M | 39.43M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 595.61M | 582.75M | 744.61M | 503.7M | 449.47M | 427.27M | 660.82M | 802.59M | 854.86M | 874.46M | 915.67M | 944.55M | 927.53M | 874.84M | 810.02M | 867.46M | 898.72M | 290.95M | 284.96M | 292.11M |
| Property, Plant & Equipment | 156.67M | 155.31M | 54.66M | 35.08M | 28.74M | 26.22M | 27.63M | 26.68M | 26.69M | 53.97M | 29.52M | 30.67M | 25.86M | 23.17M | 20.02M | 17.8M | 16.88M | 10.69M | 10.2M | 9.76M |
| Fixed Asset Turnover | 1.43x | 2.15x | 8.77x | 11.35x | 11.00x | 10.22x | 8.52x | 9.59x | 3.80x | 8.18x | 11.64x | 17.96x | 15.37x | 18.62x | 27.23x | 24.21x | 21.81x | 20.34x | 18.90x | 20.15x |
| Goodwill | 135.17M | 135.17M | 245.22M | 172.61M | 164.22M | 160.19M | 250.87M | 402.5M | 425.41M | 435.59M | 426.54M | 441.25M | 428.17M | 416.18M | 359.63M | 378.71M | 379.84M | 69.73M | 69.73M | 69.73M |
| Intangible Assets | 224.92M | 238.58M | 244.48M | 174.35M | 176.35M | 181.41M | 301.6M | 307.59M | 339.18M | 350.4M | 353.92M | 375.53M | 379.37M | 386.36M | 384.08M | 421.86M | 470.69M | 174.75M | 180.63M | 186.51M |
| Long-Term Investments | 0 | 13.9M | 0 | 55.7M | 23.1M | 0 | 37.3M | 22.6M | 11.2M | 0 | 64.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 54.11M | 15.82M | 182.94M | 40.8M | 41.01M | 41.7M | 27.7M | 29.85M | 38.53M | 18.63M | 105.68M | 97.09M | 94.12M | 32.66M | 27.5M | 30.57M | 31.31M | 26.43M | 24.41M | 26.11M |
| Total Assets | 1.48B | 1.45B | 1.61B | 1.54B | 1.43B | 1.43B | 1.56B | 1.65B | 1.63B | 1.71B | 1.78B | 1.85B | 1.79B | 1.71B | 1.68B | 1.78B | 1.72B | 1.14B | 776.59M | 622.32M |
| Asset Turnover | 0.15x | 0.15x | 0.25x | 0.24x | 0.21x | 0.18x | 0.14x | 0.16x | 0.09x | 0.20x | 0.19x | 0.28x | 0.22x | 0.24x | 0.30x | 0.24x | 0.21x | 0.22x | 0.27x | 0.33x |
| Asset Growth % | 3.46% | 1.81% | 3.07% | -6.62% | -12.49% | -16.45% | -12.12% | -10.86% | -9.19% | 0.04% | 5.76% | 4.36% | 4.57% | 49.26% | 116.57% | 185.29% | 194.15% | 74.23% | 40.62% | 11.53% |
| Total Current Liabilities | 390.4M | 377.01M | 458.49M | 468.33M | 408.49M | 437.81M | 374.89M | 337.58M | 283.66M | 335.69M | 400.51M | 434.95M | 470.58M | 465.26M | 513.12M | 515.29M | 433.12M | 245.31M | 214.5M | 168.13M |
| Accounts Payable | 142.17M | 143.99M | 231.88M | 161.25M | 153.78M | 172.37M | 149.2M | 112.49M | 93.4M | 119.5M | 171.73M | 188.63M | 200.59M | 170.43M | 199.84M | 232.28M | 187.94M | 92M | 85.31M | 81.99M |
| Days Payables Outstanding | 80.28 | 80.43 | 62.83 | 54.07 | 64.96 | 75.12 | 78.63 | 55.17 | 98.53 | 52.05 | 63.02 | 49.01 | 59.79 | 52.97 | 45.34 | 50.33 | 45.98 | 38.92 | 42.1 | 40.44 |
| Short-Term Debt | 17.05M | 10.31M | 22.59M | 36.26M | 34.47M | 30.71M | 28.05M | 29.22M | 22.5M | 21.47M | 38.77M | 37.45M | 34.38M | 38.69M | 47.69M | 51.49M | 48.18M | 4.3M | 4.3M | 4.3M |
| Deferred Revenue (Current) | 138.53M | 128.43M | 95.39M | 151.76M | 120.22M | 119.78M | 112.62M | 90.98M | 86.56M | 66.49M | 100.76M | 114.81M | 151.34M | 178.92M | 154.69M | 167.56M | 121.62M | 99.58M | 81.35M | 51.46M |
| Other Current Liabilities | 92.65M | 16.79M | 29.57M | 12.51M | 11.66M | 1.19M | 33.12M | 42.62M | 37.45M | 43.73M | 7.97M | 14.65M | 12.2M | 5.25M | 4.98M | 6.95M | 10.89M | 1.77M | 8.63M | 1.91M |
| Current Ratio | 2.25x | 2.31x | 1.89x | 2.22x | 2.39x | 2.28x | 2.41x | 2.51x | 2.73x | 2.48x | 2.15x | 2.09x | 1.84x | 1.79x | 1.70x | 1.76x | 1.89x | 3.47x | 2.29x | 1.96x |
| Quick Ratio | 1.82x | 1.91x | 1.50x | 1.84x | 1.93x | 1.82x | 1.88x | 2.02x | 2.10x | 2.00x | 1.62x | 1.61x | 1.30x | 1.29x | 1.17x | 1.12x | 1.20x | 2.64x | 1.48x | 1.15x |
| Cash Conversion Cycle | 122.61 | 122.76 | 81.7 | 90.16 | 95.37 | 110.76 | 147.59 | 132.97 | 225.63 | 117.87 | 133.1 | 91.6 | 119.45 | 124.54 | 104.41 | 122.11 | 136.77 | 137.07 | 120.75 | 94.38 |
| Total Non-Current Liabilities | 816.74M | 814.39M | 748.08M | 708.53M | 693.66M | 699.35M | 731.14M | 735.47M | 749.63M | 760.54M | 761.85M | 805.54M | 804.2M | 816.94M | 819.33M | 899.84M | 892.39M | 729.42M | 319.53M | 522.8M |
| Long-Term Debt | 89.2M | 658.66M | 658.38M | 657.59M | 644.52M | 646.57M | 648.32M | 651.52M | 657.71M | 660.95M | 658.88M | 702.49M | 705.83M | 720.35M | 725.11M | 793.56M | 778.25M | 711.06M | 299.21M | 493.94M |
| Capital Lease Obligations | 0 | 89.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.48M | 0 | 0 | 0 | 13.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 21.31M | 22.13M | 22.04M | 22.77M | 21.63M | 21.4M | 55.25M | 54.51M | 62.88M | 66.86M | 69.93M | 74.9M | 73.05M | 72.61M | 74.14M | 84.82M | 92.93M | 0 | 6.58M | 14.47M |
| Other Non-Current Liabilities | 706.24M | 44.04M | 67.66M | 28.16M | 27.51M | 31.38M | 27.57M | 29.43M | 29.05M | 13.26M | 33.05M | 28.15M | 25.32M | 10.08M | 20.08M | 21.46M | 21.21M | 18.36M | 13.74M | 14.38M |
| Total Liabilities | 1.21B | 1.19B | 1.21B | 1.18B | 1.1B | 1.14B | 1.11B | 1.07B | 1.03B | 1.1B | 1.16B | 1.24B | 1.27B | 1.28B | 1.33B | 1.42B | 1.33B | 974.72M | 534.03M | 690.93M |
| Total Debt | 106.25M | 766.19M | 680.97M | 693.85M | 678.99M | 692.58M | 676.37M | 680.74M | 680.2M | 707.64M | 697.65M | 739.93M | 740.21M | 779.45M | 772.79M | 845.05M | 826.43M | 721.26M | 303.51M | 504.62M |
| Net Debt | -94.45M | 521.8M | 459.46M | 316.58M | 330.67M | 329.58M | 344M | 398.42M | 392.58M | 458.56M | 523.64M | 583.97M | 592.45M | 645.55M | 710.02M | 794M | 776.94M | 353.6M | 187.12M | 486.94M |
| Debt / Equity | 0.40x | 2.94x | 1.68x | 1.90x | 2.10x | 2.40x | 1.48x | 1.18x | 1.14x | 1.16x | 1.13x | 1.21x | 1.43x | 1.84x | 2.21x | 2.35x | 2.12x | 4.29x | 1.25x | - |
| Debt / EBITDA | 7.00x | - | 11.61x | 12.33x | 18.42x | - | - | 12.95x | 30.67x | 16.15x | 12.98x | 6.76x | 11.94x | 20.91x | 18.25x | 65.74x | - | - | - | 85.40x |
| Net Debt / EBITDA | -6.22x | - | 7.84x | 5.63x | 8.97x | - | - | 7.58x | 17.70x | 10.47x | 9.74x | 5.34x | 9.56x | 17.32x | 16.76x | 61.77x | - | - | - | 82.41x |
| Interest Coverage | 1.28x | -26.88x | 9.61x | 7.49x | 3.90x | -15.66x | -17.64x | 4.89x | 1.39x | 3.65x | 3.32x | 8.47x | 4.54x | 0.96x | 6.73x | -1.92x | -4.86x | -4.14x | -1.51x | -0.10x |
| Total Equity | 267.88M | 260.39M | 404.59M | 365.3M | 323.6M | 288.83M | 457.08M | 578.48M | 595.99M | 610.51M | 616.39M | 612.29M | 519.38M | 423.85M | 349.38M | 360.28M | 390.21M | 168.26M | 242.56M | -68.61M |
| Equity Growth % | -17.22% | -9.85% | -11.48% | -36.85% | -45.7% | -52.69% | -25.85% | -5.52% | 14.75% | 44.04% | 76.43% | 69.95% | 33.1% | 151.91% | 44.04% | 625.11% | 656.52% | 307.98% | -35.7% | -117.88% |
| Book Value per Share | 1.75 | 1.70 | 2.63 | 2.39 | 2.12 | 1.90 | 3.01 | 3.80 | 3.94 | 4.01 | 4.05 | 4.02 | 3.42 | 2.82 | 2.31 | 2.40 | 2.63 | 1.29 | 1.85 | -0.54 |
| Total Shareholders' Equity | 267.88M | 260.39M | 404.59M | 365.3M | 323.6M | 288.83M | 457.08M | 578.48M | 595.99M | 610.51M | 616.39M | 612.29M | 519.38M | 423.85M | 349.38M | 360.28M | 390.21M | 168.26M | 242.56M | -68.61M |
| Common Stock | 155K | 152K | 152K | 151K | 151K | 151K | 151K | 151K | 151K | 151K | 151K | 151K | 150K | 150K | 150K | 150K | 150K | 135K | 135K | 127K |
| Retained Earnings | -420.86M | -422.86M | -277.11M | -310.62M | -353.88M | -370.62M | -243.72M | -102.37M | -128.06M | -130.23M | -153.32M | -176.53M | -241.34M | -267.47M | -258.36M | -296.73M | -293.96M | -271.9M | -244.18M | -218.63M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8.16M | -10.48M | -7.8M | -8.69M | -30.13M | -45.4M | -290K | -18.2M | 25.57M | 44.81M | 23.71M | 46.21M | 22.3M | 8.43M | -72.83M | -38.73M | -9.01M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |