Array Technologies, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
ARRY$5.19-11.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets(unaudited)
(in thousands, except per share and share amounts)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $307,302 | $244,388 |
| Restricted cash | — | 1,596 |
| Accounts receivable, net of allowance of $5,895 and $6,245, respectively | 323,439 | 271,578 |
| Inventories, net | 156,469 | 150,374 |
| Prepaid expenses and other | 104,576 | 201,108 |
| Total current assets | 891,786 | 869,044 |
| Property, plant and equipment, net | 68,180 | 58,225 |
| Lease assets | 92,380 | 97,088 |
| Goodwill | 135,173 | 135,173 |
| Other intangible assets, net | 212,472 | 238,579 |
| Deferred income tax assets | 24,843 | 23,965 |
| Other assets | 109,202 | 29,718 |
| Total assets | $1,534,036 | $1,451,792 |
| LIABILITIES, REDEEMABLE PERPETUAL PREFERRED STOCK AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $161,092 | $143,994 |
| Accrued expenses | 101,501 | 54,289 |
| Income tax payable | 3,839 | 4,687 |
| Current portion of deferred revenue | 105,103 | 128,433 |
| Current portion of contingent consideration | 10,975 | 14,551 |
| Current portion of warranty liability | 12,390 | 10,844 |
| Current portion of lease liabilities | 7,411 | 7,662 |
| Current portion of debt | — | 10,315 |
| Other current liabilities | 3,451 | 2,237 |
| Total current liabilities | 405,762 | 377,012 |
| Deferred income tax liabilities | 20,374 | 22,133 |
| Deferred revenue, net of current portion | 45,385 | 16,794 |
| Contingent consideration, net of current portion | 13,596 | 12,739 |
| Warranty liability, net of current portion | 5,863 | 5,466 |
Condensed Consolidated Balance Sheets(unaudited) (continued)
(in thousands, except per share and share amounts)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Lease liabilities, net of current portion | 87,726 | 89,552 |
| Long-term debt, net of current portion | 657,749 | 658,664 |
| Other long-term liabilities | 1,488 | 9,044 |
| Total liabilities | 1,237,943 | 1,191,404 |
| Commitments and contingencies (Note 12) | ||
| Series A Redeemable Perpetual Preferred Stock of $0.001 par value; 500,000 authorized; 400,0001 and 490,829 shares issued as of June 30, 2026 and December 31, 2025, respectively; liquidation preference of $506.4 million and $493.1 million at each date, respectively | 498,173 | 466,728 |
| Stockholders’ equity | ||
| Preferred stock of $0.001 par value - 4,500,000 shares authorized; none issued at respective dates | — | — |
| Common stock of $0.001 par value - 1,000,000,000 shares authorized; 153,972,487 and 152,779,614 shares issued at respective dates | 155 | 152 |
| Additional paid-in capital | 203,156 | 226,848 |
| Accumulated deficit | (396,516) | (422,859) |
| Accumulated other comprehensive loss | (8,875) | (10,481) |
| Total stockholders’ equity | (202,080) | (206,340) |
| Total liabilities, redeemable perpetual preferred stock and stockholders’ equity | $1,534,036 | $1,451,792 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.