8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | -$52M | 23.2% | -2.3% | $80M | $669M | $244M |
| 2024 | $916M | -$240M | 32.5% | -24.8% | $147M | $677M | $363M |
| 2023 | $1.6B | $137M | 26.4% | 13.6% | $215M | $682M | $249M |
| 2022 | $1.6B | $4M | 13.0% | -1.1% | $131M | $759M | $134M |
| 2021 | $853M | -$50M | 8.0% | -2.9% | -$267M | $715M | $368M |
| 2020 | $873M | $59M | 23.2% | 10.9% | -$124M | $428M | $108M |
| 2019 | $648M | $40M | 23.3% | 12.9% | $384M | $56M | $310M |
| 2018 | $291M | -$61M | 4.0% | -21.0% | -$14M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $223M | $2M | 28.2% | 3.2% | -$37M | $666M | $201M |
| Dec '25 | $226M | -$146M | 8.6% | -65.5% | $36M | $669M | $244M |
| Sep '25 | $393M | $34M | 26.9% | 11.6% | $22M | $681M | $222M |
| Jun '25 | $362M | $43M | 26.8% | 12.8% | $37M | $694M | $377M |
| Mar '25 | $302M | $17M | 25.3% | 9.0% | -$15M | $679M | $348M |
| Dec '24 | $275M | -$127M | 28.5% | -51.7% | $56M | $677M | $363M |
| Sep '24 | $231M | -$141M | 33.8% | -57.3% | $44M | $676M | $332M |
| Jun '24 | $256M | $26M | 33.6% | 15.5% | $2M | $681M | $282M |
| Mar '24 | $153M | $2M | 35.9% | 5.5% | $45M | $680M | $288M |
| Dec '23 | $342M | $19M | 24.7% | 8.8% | $89M | $682M | $249M |
| Sep '23 | $350M | $23M | 24.9% | 11.5% | $69M | $698M | $174M |
| Jun '23 | $508M | $65M | 28.8% | 19.0% | $15M | $740M | $156M |
| Mar '23 | $377M | $30M | 25.9% | 12.6% | $42M | $740M | $148M |
| Dec '22 | $402M | -$5M | 19.1% | 4.1% | $94M | $759M | $134M |
| Sep '22 | $515M | $41M | 14.9% | 3.3% | $102M | $773M | $63M |
| Jun '22 | $420M | -$5M | 9.5% | -3.2% | -$12M | $845M | $51M |
| Mar '22 | $301M | -$26M | 8.8% | -12.8% | -$52M | $826M | $49M |
| Dec '21 | $220M | -$22M | 4.7% | -9.1% | -$98M | $715M | $368M |
| Sep '21 | $189M | -$28M | 3.1% | -10.3% | -$33M | $304M | $116M |
| Jun '21 | $197M | -$6M | 10.4% | -0.3% | -$93M | $498M | $18M |
How the market has priced ARRY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Array Technologies, Inc.'s revenue has grown 8.0% per year. These are computed facts, not advice.
As of FY2025, Array Technologies, Inc. reported $669M of total debt against $244M of cash; operating income covered interest expense -1.1×.
In FY2025, gross margin was 23.2%, operating margin -2.3%, and net margin -4.1%.
As of Jun '26, Array Technologies, Inc. traded at a price-to-earnings ratio of about 7.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.