Array Technologies, Inc.
ARRY Nasdaq· Semiconductors & Related Devices
Last close · Oct 26, 2026
$3.15
KIRA · Stoqly’s AI analyst, in plain words
- Array Technologies, Inc. had $1.3B of revenue in fiscal 2025, up 40.2% on the year before. Over five years, revenue changed +8.0% a year on average.
- Its operating margin was −2.3%, up 22.5 pts: of every 100 in sales, about −2 is left after running the business.
- Array Technologies, Inc. lost $52.2M in fiscal 2025.
- Free cash flow was $79.8M in fiscal 2025, 6.2% of revenue.
- Array Technologies, Inc. owes $467M more than it holds in cash.
Market cap
$490M
P/E
—
Revenue
$1.3B
Net income
−$52.2M
Free cash flow
$79.8M
Operating margin
−2.3%
Array Technologies, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+40.2%
Yes. Sales grew 40.2% last year.
Does it make a profit?
−4.1%
No. It lost money last year.
Does profit turn into cash?
6.2%
Partly. 6.2% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Array Technologies, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- Array Technologies, Inc.
- CIK
- 0001820721
Array Technologies, Inc. · ARRY
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $853M | $1.6B | $1.6B | $916M | $1.3B |
| Revenue growth | −2.2% | 91.9% | −3.7% | −41.9% | 40.2% |
| Gross margin | 8.0% | 13.0% | 26.4% | 32.5% | 23.2% |
| Operating margin | −2.9% | −1.1% | 13.6% | −24.8% | −2.3% |
| Net income | −$50.4M | $4.4M | $137M | −$240M | −$52.2M |
| Net margin | −5.9% | 0.3% | 8.7% | −26.2% | −4.1% |
| Diluted EPS | −$0.51 | −$0.29 | $0.56 | −$1.95 | −$0.73 |
| Cash | |||||
| Cash from operations | −$263M | $141M | $232M | $154M | $102M |
| Capital expenditure | $3.4M | $10.6M | $17.0M | $7.3M | $22.0M |
| Free cash flow | −$267M | $131M | $215M | $147M | $79.8M |
| FCF margin | −31.2% | 8.0% | 13.6% | 16.0% | 6.2% |
| Share count change | 7.0% | 15.3% | 1.5% | −0.2% | 0.5% |
| Debt and strength | |||||
| Cash and short-term investments | $368M | $134M | $249M | $363M | $244M |
| Debt incl. finance leases | $715M | $759M | $682M | $677M | $711M |
| Shareholders' equity | −$69.2M | $124M | $259M | −$118M | −$206M |
| Net debt / EBITDA | 288.5x | 7.5x | 1.7x | — | — |
| Current ratio | 3.5x | 1.8x | 2.5x | 2.3x | 2.3x |
| Interest coverage | −0.7x | −0.5x | 4.8x | −6.5x | −1.1x |
| Returns and quality | |||||
| Return on capital | −7.0% | −1.9% | 24.0% | −91.4% | −10.5% |
| Return on equity | — | 16.1% | 71.6% | −340.6% | — |
| Piotroski F-score | 2 | 7 | 7 | 4 | 6 |
| Altman Z'' | 2.5 | 0.9 | 2.8 | 0.6 | 1.0 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Array Technologies, Inc. · ARRY
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $3.15 a share, the company is worth $490M.
Source: SEC EDGAR XBRL filings (CIK 0001820721). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.