ARRY · XBRL financial data

Array Technologies financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ARRY's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	873	853	1,638	1,577	916	1,284
Cost of revenue	670	770	1,410	1,161	618	986
Gross profit	203	83	227	416	298	299
Research and development	—	—	4	9	7	10
General and administrative	56	81	151	160	161	199
Total operating expenses	108	108	245	201	525	328
Operating income (loss)	95	(25)	(18)	214	(227)	(29)
Interest expense	15	35	34	44	35	27
Other income (expense)	(2)	(1)	3	(1)	(1)	(1)
Income tax expense (benefit)	19	(11)	(9)	40	(10)	23
Net income (loss)	59	(50)	4	137	(240)	(52)
Earnings per share, basic USD per share	0.49	(0.51)	(0.29)	0.57	(1.95)	(0.73)
Earnings per share, diluted USD per share	0.49	(0.51)	(0.29)	0.56	(1.95)	(0.73)
Weighted average shares, basic millions of shares	121	130	150	151	152	153
Weighted average shares, diluted millions of shares	122	130	150	152	152	153

Fiscal years (ARRY's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	108	368	134	249	363	244
Accounts receivable	119	236	421	332	276	272
Inventory	118	206	233	162	201	150
Prepaid and other current assets	12	34	39	89	158	201
Total current assets	375	852	831	832	999	869
Property and equipment, net	10	11	23	32	26	58
Right-of-use asset	—	11	18	22	16	48
Goodwill	70	70	416	436	160	135
Total assets	656	1,143	1,706	1,707	1,426	1,452
Accounts payable	83	91	170	119	172	144
Accrued liabilities	—	—	—	—	—	54
Current portion of long-term debt	4	4	39	21	31	10
Total current liabilities	289	245	465	336	438	377
Long-term debt	424	711	720	661	647	659
Lease liability, non-current	—	5	14	19	15	47
Total liabilities	737	975	1,282	1,096	1,137	1,191
Accumulated deficit	(221)	(272)	(267)	(130)	(371)	(423)
Total stockholders' equity	(81)	(69)	124	259	(118)	(206)
Total liabilities and equity	656	1,143	1,706	1,707	1,426	1,452
Common shares outstanding (cover page) millions of shares	127	150	151	151	152	153

Fiscal years (ARRY's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	59	(50)	4	137	(240)	(52)
Stock-based compensation	5	14	15	15	10	16
Depreciation and amortization	27	26	101	—	—	—
Net cash from operating activities	(122)	(263)	141	232	154	102
Purchases of property and equipment	1	3	11	17	7	22
Net cash from investing activities	(1)	(15)	(384)	(17)	(10)	(188)
Proceeds from issuing common stock	146	121	16	0	0	—
Net cash from financing activities	(129)	538	8	(102)	(12)	(38)
Net change in cash	(253)	259	(234)	115	115	(118)

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Array Technologies	307	342	121*	154.0M	—	Q2 FY26 10-QJun 30, 2026
Solaredge Technologies	527	346	11*	61.5M	—	Q2 FY26 10-QJun 30, 2026
indie Semiconductor	139	64	(29)*	not reported	4.8 quarters	Q2 FY26 10-QJun 30, 2026
Kimball Electronics	89	372*	42*	24.0M	—	Q4 FY26 10-KJun 30, 2026
Ichor Holdings	214	329	(29)*	37.6M	8.8 quarters	Q3 FY26 10-QSep 25, 2026
Lightpath Technologies	93	not reported	(5.1)*	70.0M	18.2 quarters	Q4 FY26 10-KJun 30, 2026
Photronics	550	216	76*	59.0M	—	Q3 FY26 10-QAug 2, 2026
Nlight	296	83	21*	57.7M	—	Q2 FY26 10-QJun 30, 2026
Shoals Technologies Group	7.7	195	not reported	not reported	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.