Array Technologies, Inc. (ARRY) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 223.41M | 226.04M | 393.49M | 362.24M | 302.36M | 275.23M | 231.41M | 255.77M | 153.4M | 341.62M | 350.44M | 507.73M | 376.77M | 402.07M | 515.02M | 419.87M | 300.59M | 212.52M | 188.69M | 196.52M |
| Revenue Growth % | -26.11% | -17.87% | 70.04% | 41.63% | 97.1% | -19.43% | -33.97% | -49.63% | -59.28% | -15.04% | -31.96% | 20.93% | 25.35% | 89.19% | 172.95% | 113.65% | 21.09% | 17.7% | 35.3% | 71.01% |
| Cost of Goods Sold | 160.41M | 214.96M | 287.82M | 265.12M | 225.94M | 196.91M | 153.09M | 169.81M | 98.31M | 257.39M | 263.06M | 361.32M | 279.23M | 321.55M | 438.44M | 379.92M | 274M | 209.59M | 182.79M | 176.01M |
| COGS % of Revenue | 71.8% | 95.1% | 73.15% | 73.19% | 74.72% | 71.54% | 66.16% | 66.39% | 64.09% | 75.34% | 75.07% | 71.17% | 74.11% | 79.97% | 85.13% | 90.49% | 91.15% | 98.62% | 96.87% | 89.56% |
| Gross Profit | 63M | 11.08M | 105.67M | 97.12M | 76.43M | 78.32M | 78.31M | 85.95M | 55.09M | 84.23M | 87.38M | 146.4M | 97.54M | 80.52M | 76.58M | 39.95M | 26.59M | 2.94M | 5.9M | 20.51M |
| Gross Margin % | 28.2% | 4.9% | 26.85% | 26.81% | 25.28% | 28.46% | 33.84% | 33.61% | 35.91% | 24.66% | 24.93% | 28.83% | 25.89% | 20.03% | 14.87% | 9.51% | 8.85% | 1.38% | 3.13% | 10.44% |
| Gross Profit Growth % | -17.56% | -85.85% | 34.93% | 13% | 38.73% | -7.02% | -10.37% | -41.29% | -43.52% | 4.61% | 14.1% | 266.5% | 266.87% | 2643.44% | 1198.68% | 94.79% | -42.41% | -91.72% | -77.94% | -7.63% |
| Operating Expenses | 55.9M | 56.27M | 59.21M | 50.75M | 49.14M | 220.66M | 210.99M | 46.35M | 46.68M | 54.01M | 47.17M | 50.16M | 50.08M | 73.1M | 59.39M | 53.28M | 64.93M | 30.3M | 25.41M | 21.08M |
| OpEx % of Revenue | 25.02% | 24.89% | 15.05% | 14.01% | 16.25% | 80.17% | 91.18% | 18.12% | 30.43% | 15.81% | 13.46% | 9.88% | 13.29% | 18.18% | 11.53% | 12.69% | 21.6% | 14.26% | 13.47% | 10.73% |
| Selling, General & Admin | 50.4M | 57.47M | 52.25M | 44.95M | 43.95M | 45.66M | 40.15M | 36.97M | 37.78M | 43.71M | 37.43M | 40.25M | 38.14M | 42.9M | 38.7M | 28.94M | 45.42M | 22.7M | 18.49M | 15.11M |
| SG&A % of Revenue | 22.56% | 25.42% | 13.28% | 12.41% | 14.53% | 16.59% | 17.35% | 14.46% | 24.63% | 12.8% | 10.68% | 7.93% | 10.12% | 10.67% | 7.51% | 6.89% | 15.11% | 10.68% | 9.8% | 7.69% |
| Research & Development | 0 | 5M | 0 | 0 | 3.64M | 31.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 2.21% | - | - | 1.2% | 11.47% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 7.11M | -45.18M | 46.47M | 46.38M | 27.28M | -142.35M | -132.68M | 39.6M | 8.41M | 30.22M | 40.2M | 96.24M | 47.46M | 7.42M | 17.19M | -13.33M | -38.34M | -27.37M | -19.52M | -574K |
| Operating Margin % | 3.18% | -19.99% | 11.81% | 12.8% | 9.02% | -51.72% | -57.33% | 15.48% | 5.48% | 8.85% | 11.47% | 18.96% | 12.6% | 1.84% | 3.34% | -3.18% | -12.76% | -12.88% | -10.34% | -0.29% |
| Operating Income Growth % | -73.94% | 68.26% | 135.02% | 17.11% | 224.27% | -571.03% | -430% | -58.85% | -82.27% | 307.5% | 133.83% | 821.88% | 223.77% | 127.1% | 188.1% | -2222.65% | -349.62% | -1121.7% | -282.14% | -147.4% |
| EBITDA | 15.19M | -35.34M | 58.63M | 56.27M | 36.85M | -129.5M | -123.8M | 52.57M | 22.18M | 43.81M | 53.75M | 109.4M | 61.99M | 37.27M | 42.36M | 12.86M | -14.74M | -20.87M | -13.03M | 5.91M |
| EBITDA Margin % | 6.8% | -15.63% | 14.9% | 15.53% | 12.19% | -47.05% | -53.5% | 20.56% | 14.46% | 12.82% | 15.34% | 21.55% | 16.45% | 9.27% | 8.22% | 3.06% | -4.9% | -9.82% | -6.9% | 3.01% |
| EBITDA Growth % | -58.8% | 72.71% | 147.36% | 7.04% | 66.18% | -395.59% | -330.32% | -51.94% | -64.22% | 17.55% | 26.9% | 751.03% | 520.68% | 278.54% | 425.17% | 117.55% | -167.47% | -549.19% | -841.8% | -26.81% |
| D&A (Non-Cash Add-back) | 8.08M | 9.85M | 12.17M | 9.9M | 9.57M | 12.85M | 8.88M | 12.97M | 13.76M | 13.59M | 13.54M | 13.16M | 14.53M | 29.85M | 25.16M | 26.19M | 23.61M | 6.49M | 6.49M | 6.48M |
| EBIT | 0 | -147.34M | 48.49M | 65.65M | 31.32M | -141.04M | -145.77M | 42.12M | 12.41M | 32.35M | 43.39M | 98.09M | 48.69M | 9.42M | 59.47M | -15.44M | -33.74M | -27.77M | -19.81M | -696K |
| Net Interest Income | 0 | -3.73M | -2.07M | -4.97M | -4.72M | -4.92M | -4.04M | -3.83M | -5.26M | -6.65M | -9.64M | -10.11M | -9.5M | -9.8M | -8.05M | -8.02M | -6.94M | -6.71M | -13.11M | -6.65M |
| Interest Income | 2.39M | 1.76M | 2.98M | 3.8M | 3.32M | 4.09M | 4.22M | 4.78M | 3.68M | 2.21M | 3.42M | 1.47M | 1.23M | 0 | 778K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -5.56M | 5.48M | 5.05M | 8.77M | 8.04M | 9.01M | 8.26M | 8.61M | 8.94M | 8.86M | 13.06M | 11.58M | 10.73M | 9.8M | 8.83M | 8.02M | 6.94M | 6.71M | 13.11M | 6.65M |
| Other Income/Expense | -2.98M | -107.64M | -3.02M | 10.5M | -4M | -7.7M | -4.83M | -6.09M | -4.95M | -6.72M | -9.88M | -9.72M | -9.5M | -7.8M | 33.45M | -10.13M | -2.34M | -7.11M | -13.41M | -6.77M |
| Pretax Income | 4.13M | -152.82M | 43.44M | 56.88M | 23.28M | -150.05M | -137.5M | 33.51M | 3.47M | 23.5M | 30.33M | 86.52M | 37.96M | -385K | 50.64M | -23.46M | -40.68M | -34.48M | -32.92M | -7.35M |
| Pretax Margin % | 1.85% | -67.61% | 11.04% | 15.7% | 7.7% | -54.52% | -59.42% | 13.1% | 2.26% | 6.88% | 8.65% | 17.04% | 10.07% | -0.1% | 9.83% | -5.59% | -13.53% | -16.22% | -17.45% | -3.74% |
| Income Tax | 2.13M | -7.07M | 9.94M | 13.62M | 6.53M | -23.15M | 3.85M | 7.81M | 1.3M | 409K | 7.23M | 21.35M | 8.32M | 8.72M | 10M | -18.44M | -14.74M | -6.76M | -5.36M | -1.83M |
| Effective Tax Rate % | 51.59% | 4.63% | 22.88% | 23.94% | 28.07% | 15.43% | -2.8% | 23.31% | 37.59% | 1.74% | 23.84% | 24.68% | 21.93% | -2266.23% | 19.74% | 78.58% | 36.24% | 19.6% | 16.28% | 24.91% |
| Net Income | 2M | -145.75M | 33.5M | 43.26M | 16.75M | -126.9M | -141.35M | 25.7M | 2.17M | 23.09M | 23.1M | 65.17M | 29.64M | -9.11M | 40.64M | -5.02M | -25.94M | -27.72M | -27.56M | -5.52M |
| Net Margin % | 0.89% | -64.48% | 8.51% | 11.94% | 5.54% | -46.11% | -61.08% | 10.05% | 1.41% | 6.76% | 6.59% | 12.83% | 7.87% | -2.27% | 7.89% | -1.2% | -8.63% | -13.04% | -14.61% | -2.81% |
| Net Income Growth % | -88.07% | -14.85% | 123.7% | 68.35% | 673.49% | -649.7% | -711.98% | -60.56% | -92.69% | 353.41% | -43.17% | 1397.07% | 214.26% | 67.14% | 247.47% | 8.94% | -666.81% | -183.68% | -281.1% | -330.64% |
| Net Income (Continuing) | 2M | -145.75M | 33.5M | 43.26M | 16.75M | -126.9M | -141.35M | 25.7M | 2.17M | 23.09M | 23.1M | 65.17M | 29.64M | -9.11M | 40.64M | -5.02M | -25.94M | -27.72M | -27.56M | -5.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| EPS (Diluted) | -0.09 | -1.06 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 | -0.07 | 0.04 | 0.07 | 0.34 | 0.17 | -0.06 | 0.27 | -0.11 | -0.17 | -0.21 | -0.21 | -0.04 |
| EPS Growth % | -696.03% | -13.98% | 111.76% | 142.04% | 120.16% | -2454.43% | -1652.51% | -76.91% | -144.06% | 165.29% | -75.67% | 409.09% | 200% | 71.19% | 228.57% | -153.46% | -525% | -170.62% | -269.07% | -330.85% |
| EPS (Basic) | -0.09 | -1.06 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 | -0.07 | 0.04 | 0.07 | 0.34 | 0.17 | -0.06 | 0.27 | -0.11 | -0.17 | -0.21 | -0.21 | -0.04 |
| Diluted Shares Outstanding | 152.96M | 152.75M | 154.09M | 153.07M | 152.78M | 151.75M | 151.92M | 152.21M | 151.35M | 152.11M | 152.32M | 152.13M | 151.79M | 150.46M | 151.38M | 150.2M | 148.29M | 130.15M | 130.96M | 126.99M |
| Basic Shares Outstanding | 152.96M | 152.75M | 152.73M | 152.58M | 152.08M | 151.75M | 151.92M | 151.8M | 151.35M | 151.18M | 151.07M | 150.92M | 150.61M | 150.46M | 150.32M | 150.2M | 148.29M | 130.15M | 130.96M | 126.99M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |