Array Technologies, Inc. Income Statement
ARRY / Industrials|8 years of annual SEC 10-K data (FY2018-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
Array Technologies, Inc. reported $1.3B in revenue and $52M in net loss for FY2025. Revenue has grown at a 23.6% compound annual rate over the past 7 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.76 (distress zone, below 1.8 threshold)
- Negative profit margin: -26.3%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $915.8M | $1.6B | $872.7M | $853.3M | $290.8M | $647.9M | $290.8M |
| Cost of Revenue | $985.6M | $618.1M | $1.2B | $669.9M | $785.0M | $279.2M | $497.1M | $279.2M |
| Gross Profit | $298.6M | $297.7M | $415.6M | $202.8M | $68.3M | $11.6M | $150.8M | $11.6M |
| SG&A Expense | $198.6M | $160.6M | $159.5M | $55.6M | $81.0M | $46.9M | $41.2M | $46.9M |
| R&D Expense | $9.9M | $6.7M | $8.5M | - | - | - | - | - |
| Operating Income | -$29.0M | -$227.0M | $214.1M | $95.2M | -$24.7M | -$61.2M | $83.4M | -$61.2M |
| Interest Expense | - | - | $44.2M | $15.1M | $35.7M | $19.0M | $18.8M | $19.0M |
| Income Tax | $23.0M | -$10.2M | $39.9M | $18.7M | -$10.7M | -$19.9M | $24.8M | -$19.9M |
| Net Income | -$52.2M | -$240.4M | $137.2M | $59.1M | -$50.4M | -$60.8M | $39.7M | -$60.8M |
| EPS (Basic) | -$0.73 | -$1.95 | $0.57 | $0.49 | -$0.51 | -$0.51 | $0.33 | -$0.51 |
| EPS (Diluted) | -$0.73 | -$1.95 | $0.56 | $0.49 | -$0.51 | -$0.51 | $0.33 | -$0.51 |
| Shares Outstanding | 152.5M | 151.8M | 152.0M | 120.0M | 130.0M | 120.0M | 120.0M | 120.0M |
| Gross Margin | 23.3% | 32.5% | 26.4% | 23.2% | 8.0% | 4.0% | 23.3% | 4.0% |
| Operating Margin | -2.3% | -24.8% | 13.6% | 10.9% | -2.9% | -21.1% | 12.9% | -21.0% |
| Profit Margin | -4.1% | -26.3% | 8.7% | 6.8% | -5.9% | -20.9% | 6.1% | -20.9% |