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 Statements of Operations
Condensed Consolidated Statements of Operations(unaudited)
(in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $342,065 | $362,243 | $565,477 | $664,606 |
| Cost of revenue | ||||
| Cost of product and service revenue | 236,846 | 261,479 | 391,640 | 483,775 |
| Amortization of developed technology and backlog | 5,615 | 3,640 | 11,229 | 7,279 |
| Total cost of revenue | 242,461 | 265,119 | 402,869 | 491,054 |
| Gross profit | 99,604 | 97,124 | 162,608 | 173,552 |
| Operating expenses | ||||
| General and administrative | 54,325 | 44,954 | 104,729 | 88,899 |
| Change in fair value of contingent consideration | 2,441 | 150 | (145) | — |
| Depreciation and amortization | 8,073 | 5,644 | 16,150 | 10,993 |
| Total operating expenses | 64,839 | 50,748 | 120,734 | 99,892 |
| Income from operations | 34,765 | 46,376 | 41,874 | 73,660 |
| Interest income | 2,402 | 3,800 | 4,789 | 7,119 |
| Interest expense | (5,786) | (8,768) | (11,349) | (16,803) |
| Foreign currency gain, net | 529 | 1,343 | 690 | 2,032 |
| Gain on extinguishment of debts, net | — | 14,207 | — | 14,207 |
| Other expense, net | (187) | (79) | (156) | (56) |
| Total other (expense) income, net | (3,042) | 10,503 | (6,026) | 6,499 |
| Income before income tax expense | 31,723 | 56,879 | 35,848 | 80,159 |
| Income tax expense | 7,377 | 13,617 | 9,505 | 20,151 |
| Net income | 24,346 | 43,262 | 26,343 | 60,008 |
| Preferred dividends and accretion | 15,908 | 14,788 | 31,445 | 29,231 |
| Net income (loss) to common stockholders | $8,438 | $28,474 | $(5,102) | $30,777 |
| Income (loss) per common share | ||||
| Basic | $0.05 | $0.19 | $(0.03) | $0.20 |
| Diluted | $0.05 | $0.19 | $(0.03) | $0.20 |
| Weighted average number of common shares outstanding | ||||
| Basic | 153,866 | 152,584 | 153,414 | 152,331 |
| Diluted | 155,685 | 153,068 | 153,414 | 152,958 |
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