Array Technologies, Inc.

ARRY

Array Technologies, Inc.

ARRY

Insider Sentiment (TTM):

Last Purchase:2024-12-16Last Sale:2024-03-20Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:182,354,703Shares Outstanding:152,956,000Institutional Ownership Pct.:119.22%

Earnings Market Reaction:

Filing Date:2026-05-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Array Technologies, Inc. (ARRY) — SEC Financial Statements & Analysis

Array Technologies, Inc. (ARRY) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	201	244	222	377	348	363	332	282	288	249	174	156
Restricted Cash	1	2	2	1	1	1	-	-	-	0	-	-
Accounts Receivable Net Current	292	272	379	367	283	276	282	310	229	332	428	502
Inventory Net	168	150	181	178	187	201	196	166	179	162	216	207
Income Taxes Receivable	-	-	-	-	-	-	-	-	-	0	0	0
Prepaid Expense And Other Assets Current	217	201	84	115	157	158	92	91	79	89	45	43
Assets Current	879	869	867	1,038	976	999	902	849	774	832	863	908
Property Plant And Equipment Net	62	58	55	35	29	26	28	27	27	28	30	31
Goodwill	135	135	245	173	164	160	251	403	425	436	427	441
Intangible Assets Net Excluding Goodwill	225	239	244	174	176	181	302	308	339	354	354	376
Deferred Income Tax Assets Net	25	24	17	25	16	18	16	13	14	16	0	0
Derivative Assets	-	-	-	-	-	-	-	-	-	-	64	64
Other Assets Noncurrent	54	30	183	97	64	25	65	52	50	41	42	33
Assets	1,475	1,452	1,611	1,542	1,426	1,426	1,563	1,652	1,629	1,707	1,779	1,853
Liabilities And Stockhold…
Liabilities Current
Other Accrued Liabilities Current	17	54	77	102	78	91	49	57	34	70	73	61
Accounts Payable Current	142	144	232	161	154	172	149	112	93	119	172	189
Accrued Liabilities Current	63	-	-	-	-	-	-	-	-	-	-	-
Accrued Income Taxes Current	6	5	2	5	9	5	1	3	7	6	6	17
Contract With Customer Liability Current	139	128	95	152	120	120	113	91	87	66	101	115
Business Combination Contingent Consideration Liab…	10	15	18	3	3	1	2	2	2	1	2	2
Product Warranty Accrual Classified Current	12	11	4	2	2	2	2	2	2	3	3	2
Long Term Debt Current	9	10	23	36	34	31	28	29	22	21	39	37
Other Liabilities Current	2	2	8	8	9	10	31	41	36	48	6	13
Liabilities Current	390	377	458	468	408	438	375	338	284	336	401	435
Deferred Income Tax Liabilities Net	21	22	22	23	22	21	55	55	63	67	70	75
Business Combination Contingent Consideration Liab…	12	13	11	5	5	8	7	7	6	9	8	8
Product Warranty Accrual Noncurrent	5	5	6	6	5	5	4	4	3	3	3	4
Long Term Debt Noncurrent	657	659	658	658	645	647	648	652	658	661	659	702
Other Liabilities Noncurrent	32	26	50	17	17	4	17	19	19	20	22	16
Liabilities	1,207	1,191	1,207	1,177	1,102	1,137	1,106	1,073	1,033	1,096	1,162	1,240
Temporary Equity Carrying Amount Attributable To P…	482	467	451	436	421	407	393	379	365	351	338	325
Stockholders Equity Note
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	214	227	238	248	286	298	308	320	334	345	408	418
Retained Earnings Accumulated Deficit	-421	-423	-277	-311	-354	-371	-244	-102	-128	-130	-153	-177
Accumulated Other Comprehensive Income Loss Net Of…	-8	-10	-8	-9	-30	-45	-0	-18	26	45	24	46
Stockholders Equity	-214	-206	-47	-71	-98	-118	64	200	231	259	229	238
Liabilities And Stockholders Equity	1,475	1,452	1,611	1,542	1,426	1,426	1,563	1,652	1,629	1,707	1,779	1,853
Allowance For Doubtful Accounts Receivable	7	-	8	7	7	-	7	5	5	-	1	2
Temporary Equity Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Temporary Equity Shares Authorized	1	1	1	1	1	1	1	1	1	1	1	1
Temporary Equity Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Liquidation Preference	499	493	493	493	493	493	493	493	493	493	493	419
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	5	5	5	5	5	5	5	5	5	5	5	5
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Common Stock Shares Issued	154	153	153	153	153	152	152	152	152	151	151	151

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	11.69%	-12.42%	-	-	-	-	-	-	-	-	-	-
2025	28.16%	25.05%	34.17%	54.28%	41.44%	53.25%	-9.74%	22.96%	26.56%	-39.09%	-28.82%	-18.45%
2024	13.35%	-17.99%	-10.31%	-25.36%	-25.14%	-28.36%	8.23%	-2.74%	14.35%	-6.79%	-7.89%	26.24%
2023	27.40%	21.18%	2.20%	39.54%	24.11%	-4.53%	-10.70%	-7.79%	-28.54%	-2.91%	-20.07%	-22.27%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	2.25	2.31	1.89	2.22	2.39	2.28	2.41	2.51	2.73	2.48	2.15	2.09
Quick Ratio	1.27	1.37	1.31	1.59	1.55	1.46	1.64	1.75	1.82	1.73	1.50	1.51
Working Capital	489.02M	492.03M	408.06M	570.12M	567.80M	560.91M	527.39M	511.36M	490.76M	496.59M	462.58M	473.29M
Leverage & Debt
Debt to Equity	-5.63	-5.77	-25.83	-16.61	-11.27	-9.63	17.15	5.37	4.47	4.23	5.07	5.20
Interest Coverage TTM	-1.98	-1.06	-0.75	-5.91	-6.14	-6.52	-1.51	2.89	4.13	4.84	4.25	4.13
Debt Ratio	0.82	0.82	0.75	0.76	0.77	0.80	0.71	0.65	0.63	0.64	0.65	0.67
Efficiency & Turnover
Asset Turnover TTM	0.83	0.89	0.84	0.73	0.70	0.58	0.59	0.63	0.79	0.92	0.95	0.99
Days Sales Outstanding TTM	87.06	77.80	90.43	105.47	87.72	121.16	131.88	134.58	86.85	87.21	101.77	96.76
Receivables Turnover TTM	4.19	4.69	4.04	3.46	4.16	3.01	2.77	2.71	4.20	4.19	3.59	3.77
Per Share Metrics
Diluted EPS TTM	-0.84	-0.73	-0.59	-1.64	-1.85	-1.95	-0.71	0.37	0.64	0.90	0.50	0.54
Free Cash Flow Per Share TTM	0.38	0.52	0.65	0.80	0.57	0.97	1.18	1.35	1.44	1.42	1.46	1.67
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12
Margin Metrics
Gross Profit Margin TTM	23.66%	23.25%	26.82%	28.19%	29.96%	32.50%	30.91%	28.39%	27.57%	26.36%	24.49%	21.65%
Operating Profit Margin TTM	-4.08%	-2.26%	-1.74%	-17.19%	-19.55%	-24.79%	-5.54%	10.76%	12.94%	13.58%	12.15%	9.76%
Net Profit Margin TTM	-10.61%	-8.72%	-6.85%	-21.44%	-26.52%	-32.33%	-11.06%	5.07%	7.11%	8.71%	4.67%	4.54%
Growth Metrics
Net Revenue Growth (1Y)	13.19%	40.22%	35.75%	6.36%	-21.31%	-41.91%	-40.00%	-38.88%	-21.04%	-3.72%	12.48%	59.57%
Net Income Growth (1Y)	-54.72%	-62.16%	-15.85%	-549.73%	-393.37%	-315.73%	-242.07%	-31.69%	705.59%	-414.61%	-307.41%	-188.07%
EPS Growth (1Y)	-54.98%	-62.35%	-16.30%	-547.41%	-391.97%	-314.57%	-241.27%	-32.08%	701.63%	-412.27%	-306.39%	-187.66%
Valuation Metrics
P/E TTM	-8.65	-12.55	-13.62	-3.59	-2.62	-3.10	-9.23	27.89	23.44	18.48	43.85	41.73
P/B	-5.16	-6.82	-26.64	-12.70	-7.57	-7.76	15.55	7.79	9.76	9.78	14.62	14.31
P/S TTM	0.92	1.10	0.93	0.77	0.70	1.00	1.02	1.41	1.67	1.61	2.05	1.89
Market Cap	1.11B	1.41B	1.24B	900.25M	740.61M	916.59M	1.00B	1.56B	2.26B	2.54B	3.35B	3.41B
Enterprise Value	1.57B	1.83B	1.70B	1.22B	1.07B	1.23B	1.35B	1.96B	2.65B	2.97B	3.88B	3.99B
Calculated Values
Free Cash Flow TTM	58.29M	79.81M	99.53M	121.54M	86.16M	146.68M	179.40M	204.97M	218.14M	214.97M	219.90M	252.47M
Net Debt	464.43M	423.00M	457.87M	315.08M	329.50M	313.14M	344.00M	398.42M	392.58M	433.34M	523.64M	583.97M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2024-12-16Purchase

Owner: Manning, Neil

Title: President & COO

Shares: 5,700

Price/Share: $5.21

Value: $29,697.00

Shares Owned: 29,366

Relationship: Officer

Ownership: Direct

2024-11-15Purchase

Owner: Hostetler, Kevin G.

Title: Chief Executive Officer

Shares: 14,430

Price/Share: $6.93

Value: $99,999.90

Shares Owned: 216,802

Relationship: Director,Officer

Ownership: Direct

2024-03-20Sale

Owner: Hostetler, Kevin G.

Title: Chief Executive Officer

Shares: 8,176

Price/Share: $12.30

Value: $100,564.80

Shares Owned: 217,352

Relationship: Director,Officer

Ownership: Direct

2023-09-01Sale

Owner: Hottinger, Tyson

Title: Chief Legal Officer

Shares: 7,500

Price/Share: $25.01

Value: $187,575.00

Shares Owned: 69,618

Relationship: Officer

Ownership: Direct

2023-08-14Sale

Owner: Patel, Nipul M.

Title: Chief Financial Officer

Shares: 54,593

Price/Share: $23.12

Value: $1,262,190.16

Shares Owned: 82,827

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2024-12-16	Manning, Neil	Officer	President & COO	Direct	Purchase	5,700	5.21	$29,697.00	29,366	4
2024-11-15	Hostetler, Kevin G.	Director,Officer	Chief Executive Officer	Direct	Purchase	14,430	6.93	$99,999.90	216,802	4
2024-03-20	Hostetler, Kevin G.	Director,Officer	Chief Executive Officer	Direct	Sale	8,176	12.30	$100,564.80	217,352	4
2023-09-01	Hottinger, Tyson	Officer	Chief Legal Officer	Direct	Sale	7,500	25.01	$187,575.00	69,618	4
2023-08-14	Patel, Nipul M.	Officer	Chief Financial Officer	Direct	Sale	54,593	23.12	$1,262,190.16	82,827	4
2023-08-11	Hottinger, Tyson	Officer	Chief Legal Officer	Direct	Sale	8,500	23.32	$198,220.00	77,118	4
2022-11-16	Hottinger, Tyson	Officer	Chief Legal Officer	Direct	Sale	8,500	20.74	$176,290.00	75,547	4
2022-09-19	Stacherski, Kenneth R.	Officer	Chief Operations Officer	Direct	Sale	1,327	18.39	$24,403.53	99,902	4
2022-08-26	Schmid, Gerrard	Director	-	Direct	Purchase	7,000	21.66	$151,620.00	41,269	4
2022-08-16	Patel, Nipul M.	Officer	Chief Financial Officer	Direct	Purchase	4,560	21.95	$100,092.00	108,629	4
2022-07-19	Stacherski, Kenneth R.	Officer	Chief Operations Officer	Direct	Sale	5,776	11.33	$65,442.08	99,658	4
2022-06-22	Brinker, Erica	Officer	Chief Commercial Officer	Direct	Sale	3,975	12.53	$49,806.75	66,481	4
2022-06-09	Hottinger, Tyson	Officer	Chief Legal Officer	Direct	Sale	6,442	14.00	$90,188.00	84,047	4
2022-06-08	Hostetler, Kevin G.	Director,Officer	Chief Executive Officer	Direct	Purchase	37,500	13.33	$499,875.00	144,883	4
2022-05-16	Brinker, Erica	Officer	Chief Commercial Officer	Direct	Purchase	1,100	6.98	$7,678.00	67,581	4
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Institutional Ownership

No data available for chart

2026-03-31

119.22%

Inst. Shares: 182,354,703

Shares Outstanding: 152,956,000

2025-12-31

113.39%

Inst. Shares: 172,962,860

Shares Outstanding: 152,537,000

2025-09-30

121.51%

Inst. Shares: 185,583,065

Shares Outstanding: 152,727,000

2025-06-30

110.86%

Inst. Shares: 169,150,217

Shares Outstanding: 152,584,000

2025-03-31

100.25%

Inst. Shares: 152,463,508

Shares Outstanding: 152,076,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	182,354,703	152,956,000	119.22%
2025-12-31	172,962,860	152,537,000	113.39%
2025-09-30	185,583,065	152,727,000	121.51%
2025-06-30	169,150,217	152,584,000	110.86%
2025-03-31	152,463,508	152,076,000	100.25%
2024-12-31	160,088,325	151,754,000	105.49%
2024-09-30	163,630,703	151,923,000	107.71%
2024-06-30	155,775,059	151,797,000	102.62%
2024-03-31	161,538,285	151,351,000	106.73%
2023-12-31	155,171,013	150,942,000	102.80%
2023-09-30	141,953,033	151,068,000	93.97%
2023-06-30	139,292,325	150,919,000	92.30%
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Array Technologies, Inc. (ARRY) — SEC Financial Statements & Analysis

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