Array Technologies Inc (ARRY) financials
Array Technologies revenue and earnings by year
Array Technologies's revenue was $1.28 billion in the fiscal year to December 31, 2025, up 40.2% from the year before. Net income was -$52.2 million, -4.1% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 23.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.28 | 0.92 | 1.58 | 1.64 | 0.85 | 0.87 | 0.65 | 0.29 |
| Revenue growth | 40.2% | -41.9% | -3.7% | 91.9% | -2.2% | 34.7% | 122.8% | — |
| Gross profit | 0.30 | 0.30 | 0.42 | 0.21 | 0.07 | 0.20 | 0.15 | 0.01 |
| Gross margin | 23.2% | 32.5% | 26.4% | 13.0% | 8.0% | 23.2% | 23.3% | 4.0% |
| Operating income | -0.03 | -0.23 | 0.22 | -0.02 | -0.02 | 0.10 | 0.08 | -0.06 |
| Operating margin | -2.2% | -24.8% | 13.8% | -1.4% | -2.6% | 10.9% | 12.9% | -21.0% |
| Net income | -0.05 | -0.24 | 0.14 | 0.00 | -0.05 | 0.06 | 0.04 | -0.06 |
| Net margin | -4.1% | -26.2% | 8.7% | 0.3% | -5.9% | 6.8% | 6.1% | -20.9% |
| Diluted EPS | -$0.73 | -$1.95 | $0.56 | -$0.29 | -$0.51 | $0.49 | — | — |
| Free cash flow | 0.08 | 0.14 | 0.22 | 0.13 | -0.27 | -0.12 | 0.38 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ARRY in Markets.
How Array Technologies makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Array Legacy Operations | $320M | 93.6% |
| STI Operations | $21.8M | 6.4% |
See also: ARRY returns
No forecast, no recommendation. This page describes Array Technologies Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.