Array Technologies, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
ARRY$4.73-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations F-
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $1,284,141 | $915,807 | $1,576,551 |
| Cost of revenue: | |||
| Cost of product and service revenue | 938,552 | 603,572 | 1,146,442 |
| Inventory valuation charge | 29,516 | — | — |
| Amortization of developed technology and backlog | 17,520 | 14,558 | 14,558 |
| Total cost of revenue | 985,588 | 618,130 | 1,161,000 |
| Gross profit | 298,553 | 297,677 | 415,551 |
| Operating expenses: | |||
| General and administrative | 198,612 | 160,567 | 159,535 |
| Change in fair value of contingent consideration | 177 | 125 | 2,964 |
| Depreciation and amortization | 26,199 | 36,086 | 38,928 |
| Long-lived assets impairment | — | 91,904 | — |
| Goodwill impairment | 102,560 | 236,000 | — |
| Total operating expenses | 327,548 | 524,682 | 201,427 |
| (Loss) income from operations | (28,995) | (227,005) | 214,124 |
| Interest income | 11,852 | 16,777 | 8,330 |
| Interest expense | (27,331) | (34,825) | (44,229) |
| Foreign currency gain (loss), net | 2,042 | (4,515) | (53) |
| Gain on extinguishment of debt, net | 14,207 | — | — |
| Other expense, net | (992) | (1,008) | (1,015) |
| Total other expense | (222) | (23,571) | (36,967) |
| (Loss) income before income tax expense (benefit) | (29,217) | (250,576) | 177,157 |
| Income tax expense (benefit) | 23,018 | (10,182) | 39,917 |
| Net (loss) income | (52,235) | (240,394) | 137,240 |
| Preferred dividends and accretion | 59,797 | 55,670 | 51,691 |
| Net (loss) income to common shareholders | $(112,032) | $(296,064) | $85,549 |
| (Loss) income per common share | |||
| Basic | $(0.73) | $(1.95) | $0.57 |
| Diluted | $(0.73) | $(1.95) | $0.56 |
| Weighted average common shares outstanding | |||
| Basic | 152,537 | 151,754 | 150,942 |
| Diluted | 152,537 | 151,754 | 152,022 |
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