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NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Array Technologies, Inc. ARRY

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▲ 40.2% YoY
$-52.2M
$79.8M
▼ 45.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Array Technologies, Inc. provides solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers that construct, develop and operate solar photovoltaic sites. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware, including component parts such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers, commonly referred to as a single-axis tracker. In the U.S., it operates an approximately 283,000 square foot manufacturing facility in Albuquerque, New Mexico. During the year ended December 31, 2025, it derived 81% and 19% of its revenues from customers in the U.S. and the rest of the world, respectively. As of December 31, 2025, it had approximately 1,200 full-time employees. From its founding through December 31, 2025, Array had shipped more than 96 gigawatts of trackers to customers worldwide.

Written from the business description in Array Technologies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.3B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income -0.1
1.0B2.0B-0.1B-0.2B
2018202120242025
Compound annual growth
−7.8%
+8.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.3% · Net -4.1%
5%10%-10%-20%
201820212025
ROE
FY2023 · ROE 71.6%
20%40%60%
201820212025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -3%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 79.8
150M300M-100M-200M
201820212025

Total assetsUSD 1.5B
EquityUSD -206.3M
CashUSD 244.4M
Gross debtUSD 669.0M
Net debtUSD 424.6M
Current ratio2.31×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ARRY, 8-year financial record
Metric 20252024202320222021202020192018
Revenue $B1.30.91.61.60.90.90.60.3
Operating income $B−0.0−0.20.2−0.0−0.00.10.1−0.1
EBITDA $B−0.0−0.20.2−0.0−0.00.10.1−0.0
Income tax $B0.0−0.00.0−0.0−0.00.00.0−0.0
Net income $B−0.1−0.20.10.0−0.10.10.0−0.1
Free cash flow $B0.10.10.20.1−0.3−0.10.4−0.0
EPS, diluted $−0.73−1.950.56−0.29−0.510.490.33−0.51
Dividend / sh $◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————
ROE %——71.6———13.0◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 11 checks were skipped: EPS is not tagged before 2018. 11 checks were skipped: revenue is not tagged before 2018.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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