Array Technologies, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 2026
ARRY$4.73-8.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $34,540 | $93,511 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Provision for bad debts | 1,269 | 1,001 |
| Deferred tax (benefit) expense | (1,832) | 6,748 |
| Depreciation and amortization | 29,159 | 19,923 |
| Amortization of developed technology and backlog | 17,373 | 11,713 |
| Amortization of debt discount and issuance costs | 2,669 | 4,407 |
| Gain on extinguishment of debts, net | — | (14,207) |
| Equity-based compensation | 11,011 | 11,343 |
| Change in fair value of contingent consideration | (10,438) | 1,014 |
| Provision for certain non-trade receivables | 10,922 | — |
| Warranty provision | 9,076 | 10,290 |
| Inventory reserve | 5,204 | 3,360 |
| Other non-cash | 730 | (2,017) |
| Changes in operating assets and liabilities | (13,207) | (88,941) |
| Net cash provided by operating activities | 96,476 | 58,145 |
| Investing activities | ||
| Purchase of property, plant and equipment | (20,844) | (14,496) |
| Acquisition, net of cash acquired | (160,869) | (164,916) |
| Investment in securities | (1,000) | — |
| Net cash used in investing activities | (182,713) | (179,412) |
| Financing activities | ||
| Proceeds from issuance of other debt | 58,185 | 108,659 |
| Proceeds from issuance of convertible notes | — | 345,000 |
| Premium paid on capped call | — | (35,087) |
| Fees paid on issuance of convertible notes | — | (10,434) |
| Repayments of other debt | (67,551) | (119,181) |
| Repayments of term loan facility | — | (233,875) |
| Repayments of convertible notes | — | (78,363) |
| Dividends paid on Series A Redeemable Perpetual Preferred Stock | (4,308) | — |
| Contingent consideration payments | (2,574) | (1,204) |
| Other financing | (2,040) | (1,033) |
| Net cash used in financing activities | (18,288) | (25,518) |
| Effect of exchange rate changes on cash and cash equivalent balances | 1,821 | 5,747 |
| Net change in cash and cash equivalents and restricted cash | (102,704) | (141,038) |
Condensed Consolidated Statements of Cash Flows (unaudited)(continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash and cash equivalents, and restricted cash beginning of period | 245,984 | 364,141 |
| Cash and cash equivalents and restricted cash, end of period | $143,280 | $223,103 |
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