Array Technologies, Inc.

For the period ended Mar 31, 2026. Filed May 6, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 6, 2026

ARRY$5.19-11.4%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

Condensed Consolidated Statements of Operations(unaudited)

(in thousands, except per share amounts)

	Three Months Ended March 31,
	2026	2025
Revenue	$223,412	$302,363
Cost of revenue
Cost of product and service revenue	154,794	222,296
Amortization of developed technology and backlog	5,614	3,639
Total cost of revenue	160,408	225,935
Gross profit	63,004	76,428
Operating expenses
General and administrative	50,404	43,945
Change in fair value of contingent consideration	(2,586)	(150)
Depreciation and amortization	8,077	5,349
Total operating expenses	55,895	49,144
Income from operations	7,109	27,284
Interest income	2,387	3,319
Interest expense	(5,563)	(8,035)
Foreign currency gain, net	161	689
Other income, net	31	23
Total other expense, net	(2,984)	(4,004)
Income before income tax expense	4,125	23,280
Income tax expense	2,128	6,534
Net income	1,997	16,746
Preferred dividends and accretion	15,537	14,443
Net (loss) income to common stockholders	$(13,540)	$2,303
(Loss) income per common share
Basic	$(0.09)	$0.02
Diluted	$(0.09)	$0.02
Weighted average number of common shares outstanding
Basic	152,956	152,076
Diluted	152,956	152,783

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.