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Array Technologies(NASDAQ) ARRY

Current Price$6.13
Market Cap$915.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)-84%
5 Year-58%
1 Year-16%
1 Month-26%
Array Technologies last closing stock price
MetricPriceDate
Last closeUSD 5.952026-07-20
Array Technologies stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.78%USD 6.122026-07-13
1 month-25.62%USD 8.002026-06-18
3 month-21.4%USD 7.572026-04-21
Year to date-35.47%USD 9.222025-12-31
1 year-16.2%USD 7.102025-07-18
3 year-68.93%USD 19.152023-07-21
5 year-58.33%USD 14.282021-07-21
Since inception-83.68%USD 36.452020-10-15

Array Technologies Financials at a Glance

Market Cap

$915.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.21B

Net Income (TTM)

-$66.98M

EPS (TTM)

-$0.84

P/E Ratio

-7.10

Dividend

$0.00

Beta (Volatility)

1.63 (High)

Price

$6.13

Volume

183,534

Open

$6.00

Previous Close

$5.95

Daily Range

$5.90 - $6.17

52-Week Range

$5.39 - $12.23

Estimated Earnings Date

Aug 5, 2026

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About Array Technologies

Array helps solar power plants catch more sunlight. Its machines move solar panels to follow the sun all day. This makes the panels produce more electricity for large-scale energy projects.

What's in the Box?

  • Tracker Systems: Mechanical frames that rotate panels to follow the sun; includes the flagship DuraTrack and terrain-flexible OmniTrack.
  • SmarTrack Software: Digital tools that use weather data to optimize energy capture and protect panels from hail or snow.
  • Foundation Solutions: Structural anchors like ground screws and piles used to secure solar projects in various soil types.
  • Racking Solutions: Stationary and adjustable support frames designed for utility-scale solar installations.

Expanding the Footprint

  • Acquired APA Solar, LLC on August 14, 2025, for approximately $185.4 million to add foundation and racking products.
  • Purchased Soluciones Tecnicas Integrales Norland, S.L.U. in January 2022 to gain dual-row solar tracker technology.
  • Leased a new manufacturing site in Bernalillo County, New Mexico, with production expected to start in early 2026.
  • Approved a plan in late 2025 to phase out older hardware to focus on software-compatible tracker designs.

Why the Technology Stands Out

Array uses a patented design that allows one motor to drive multiple rows of solar panels simultaneously. This engineering reduces the total number of parts and lowers maintenance costs for large-scale power plant operators.

Facts by the Numbers

  • Revenue fell to $226 million in Q4 2025, down 17.9% from $275.2 million in Q4 2024.
  • Gross profit was $11.1 million in Q4 2025, an 85.9% decrease from the previous year.
  • Net income worsened to a loss of $145.7 million in Q4 2025, compared to a $126.9 million loss in Q4 2024.
  • Free cash flow reached $36.2 million in Q4 2025, down 18.9% from $44.6 million in the prior year.

Bottom Line

Array has evolved from a single-product manufacturer into a provider of integrated solar hardware, software, and foundation systems. The company is currently prioritizing domestic manufacturing and software integration to navigate changing energy regulations.

AI Generated • May 1, 2026

Industry

Electrical Equipment

Employees

1,200

CEO

Kevin George Hostetler, MBA

Headquarters

Albuquerque, NM 87109, US

ARRY Financials

Key Financial Metrics (TTM)

Gross Margin

23.66%

Operating Margin

4.24%

Net Income Margin

-5.56%

Return on Equity

-20.64%

Return on Capital

7.18%

Return on Assets

-4.54%

Earnings Yield

-14.08%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$915.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

153.83M

Volume

183.53K

Avg. Volume

5.84M

Financials (TTM)

Gross Profit

$285.13M

Operating Income

$51.13M

EBITDA

$29.57M

Operating Cash Flow

$85.42M

Capital Expenditure

-$27.13M

Free Cash Flow

$58.29M

Cash & ST Invst.

$200.70M

Total Debt

$763.21M

Array Technologies Performance Analysis

Array Technologies annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,637,546,00091.9%
20232023-12-31USD 1,576,551,000-3.7%
20242024-12-31USD 915,807,000-41.9%
20252025-12-31USD 1,284,141,00040.2%
Array Technologies sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3019.8%
Q32025-09-308.6%
Q42025-12-31-42.6%
Q12026-03-31-1.2%
Array Technologies annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.29-42.8%
20232023-12-31USD 0.56N/A
20242024-12-31USD -1.95N/A
20252025-12-31USD -0.73-62.4%
Array Technologies sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-301158.3%
Q32025-09-30-36.8%
Q42025-12-31-983.3%
Q12026-03-3191.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$223.41M

-26.1%

Gross Profit

$63.00M

-17.6%

Gross Margin

28.20%

N/A

Market Cap

$915.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$762.72K

N/A

Employees

1,200

N/A

Net Income

$2.00M

-88.1%

EBITDA

$25.05M

-38.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$200.70M

-42.4%

Total Debt

$763.21M

+12.4%

Accounts Receivable

$292.33M

+3.5%

Inventory

$167.97M

-10.1%

Long Term Debt

$746.16M

+15.8%

Short Term Debt

$17.05M

-50.5%

Return on Assets

-4.54%

N/A

Return on Invested Capital

4.71%

N/A

Free Cash Flow

-$36.93M

-139.6%

Operating Cash Flow

-$29.42M

-125.3%

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Questions About ARRY

What is the current price of Array Technologies?

Array Technologies is trading at $6.13 per share.

What is the 52-week range for Array Technologies?

Over the past 52 weeks, Array Technologies has traded between $5.39 and $12.23.

How much debt does Array Technologies have?

As of the most recent reporting period, Array Technologies reported total debt of $763.21M.

How much cash does Array Technologies have on hand?

Array Technologies reported $201.99M in cash and cash equivalents in its most recent financial results.

What is Array Technologies’s dividend yield?

Array Technologies does not currently have a dividend yield.

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