Array Technologies, Inc. (NASDAQ:ARRY)
Insiders here have filed 8 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $1.19B
- Net income
- -$85.9M
- Net margin
- -7.2%
Heavily indebted for what it earns.
- Total debt
- $752.9M
- Cash
- $307.3M
- Net debt / EBITDA
- 107.01x
Comfortably covers what is due within a year.
- Current assets
- $891.8M
- Current liabilities
- $405.8M
- Current ratio
- 2.20
The business funds itself from operations.
- Operating cash flow
- $162.9M
- Free cash flow
- $134.7M
- FCF margin
- 11.4%
Not funding itself by issuing shares.
- Shares outstanding
- 153.9M
- Share growth (1y)
- 0.8%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
ARRY Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 342.06 M | 223.41 M | 226.04 M | 393.49 M | 362.24 M | 302.36 M |
| Revenue Growth (YoY) | -5.57 % | -26.11 % | -17.87 % | 70.04 % | 41.63 % | 97.10 % |
| Cost of Revenue | 242.46 M | 160.41 M | 206.71 M | 287.82 M | 265.12 M | 225.94 M |
| Gross Profit | 99.60 M | 63.00 M | 19.33 M | 105.67 M | 97.12 M | 76.43 M |
| SG&A Expense | 54.33 M | 50.40 M | 57.47 M | 52.25 M | 44.95 M | 43.95 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 64.84 M | 58.48 M | 65.71 M | 59.21 M | 50.60 M | 49.29 M |
| Operating Income | 34.77 M | 4.52 M | -46.38 M | 46.47 M | 46.53 M | 27.13 M |
| Pretax Income | 31.72 M | 4.13 M | -152.82 M | 43.44 M | 56.88 M | 23.28 M |
| Tax Provision | 7.38 M | 2.13 M | -7.07 M | 9.94 M | 13.62 M | 6.53 M |
| Net Income | 24.35 M | 2.00 M | -145.75 M | 33.50 M | 43.26 M | 16.75 M |
| EPS (Basic) | 0.05 | -0.09 | -1.06 | 0.12 | 0.19 | 0.02 |
| EPS (Diluted) | 0.05 | -0.09 | -1.06 | 0.12 | 0.19 | 0.02 |
| Shares Outstanding | 153.87 M | 152.96 M | 152.75 M | 152.73 M | 152.58 M | 152.08 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.