Company / R&D Expense
Array Technologies, Inc. R&D Expense History
FY2023-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$9.9M
FY2025
5-year range
$6.7M / $9.9M
FY2023-FY2025
Trend
+47.8%
vs FY2024
Sector context
#161 of 174
Industrials
What the data says
Among 174 Industrials companies, Array Technologies, Inc. is in the bottom 7% for r&d expense. Improved from $9M to $10M over the past 2 years.
Based on SEC 10-K filings.
$10M in FY2025.
Improved from $9M to $10M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 7% in IndustrialsTop 93% of 174This company $9.9M Sector average $273.7M
▼
-96.4% below sector average
Key checks
Key Insights
- In FY2025, r&d expense increased 47.8% year-over-year.
- Ranks #161 out of 174 companies in the Industrials sector.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $9.9M | +47.8% |
| FY2024 | $6.7M | -21.2% |
| FY2023 | $8.5M | - |
| FY2022 | - | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026