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Array Technologies, Inc. (ARRY)

Array Technologies, Inc. (ARRY)

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Balance Sheets Overview

Current Ratio
219.78%
Quick Ratio
181.22%
Cash Ratio
75.73%
Debt to Asset Ratio
80.70%
Unit: Thousand (K) dollars
Assets Breakdown
    • Finite-lived intangible assets, ...
    • Finite-lived intangible assets, ...
    • Accounts receivable, net of allo...
    • Others
Liabilities Breakdown
    • Series a redeemable perpetual pr...
    • Accumulated deficit
    • Additional paid-in capital
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
307,302
200,702
244,388
221,516
Restricted cash
0
1,291
1,596
1,587
Accounts receivable, net of allowance of 5,895 and 6,245, respectively
323,439
292,327
271,578
378,592
Inventories, net
156,469
167,973
150,374
180,885
Prepaid expenses and other
104,576
217,126
201,108
83,969
Total current assets
891,786
879,419
869,044
866,549
Property, plant and equipment, net
68,180
62,136
58,225
54,664
Lease assets
92,380
94,531
97,088
-
Goodwill
135,173
135,173
135,173
245,215
Finite-lived intangible assets, gross
533,545
533,771
535,519
528,097
Finite-lived intangible assets, accumulated amortization
331,373
319,150
307,240
293,913
Total amortizable intangibles, net
202,172
214,621
228,279
234,184
Trade name
10,300
10,300
10,300
10,300
Other intangible assets, net
212,472
224,921
238,579
244,484
Deferred income tax assets
24,843
24,735
23,965
17,312
Other assets
109,202
54,112
29,718
182,937
Total assets
1,534,036
1,475,027
1,451,792
1,611,161
Accounts payable
161,092
142,172
143,994
231,876
Accrued expenses and other
-
-
54,289
76,583
Accrued expenses
101,501
62,777
-
-
Income tax payable
3,839
5,685
4,687
2,479
Current portion of deferred revenue
105,103
138,527
128,433
95,387
Current portion of contingent consideration
10,975
10,248
14,551
17,666
Current portion of warranty liability
12,390
12,018
10,844
4,234
Current portion of lease liabilities
7,411
7,587
7,662
-
Current portion of debt
0
9,464
10,315
22,595
Other current liabilities
3,451
1,925
2,237
7,669
Total current liabilities
405,762
390,403
377,012
458,489
Deferred income tax liabilities
20,374
21,307
22,133
22,042
Deferred revenue, net of current portion
45,385
-
-
-
Contingent consideration, net of current portion
13,596
11,882
12,739
11,212
Warranty liability, net of current portion
5,863
5,209
5,466
5,984
Lease liabilities, net of current portion
87,726
89,197
89,552
-
Long-term debt, net of current portion
657,749
656,958
658,664
658,378
Other long-term liabilities
1,488
32,187
25,838
50,467
Total liabilities
1,237,943
1,207,143
1,191,404
1,206,572
Series a redeemable perpetual preferred stock of 0.001 par value 500,000 authorized 400,0001 and 490,829 shares issued as of june 30, 2026 and december 31, 2025, respectively liquidation preference of 506.4 million and 493.1 million at each date, respectively
498,173
482,265
466,728
451,306
Common stock of 0.001 par value - 1,000,000,000 shares authorized 153,972,487 and 152,779,614 shares issued at respective dates
155
155
152
152
Additional paid-in capital
203,156
214,485
226,848
238,043
Accumulated deficit
-396,516
-420,862
-422,859
-277,113
Accumulated other comprehensive loss
-8,875
-8,159
-10,481
-7,799
Total stockholders equity
-202,080
-214,381
-206,340
-46,717
Total liabilities, redeemable perpetual preferred stock and stockholders equity
1,534,036
1,475,027
1,451,792
1,611,161
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Finite-lived intangibleassets, gross$533,545K (19.21%↑ Y/Y)Accounts receivable, netof allowance of...$323,439K (-11.91%↓ Y/Y)Cash and cashequivalents$307,302K (-18.55%↓ Y/Y)Inventories, net$156,469K (-12.08%↓ Y/Y)Prepaid expenses andother$104,576K (-8.70%↓ Y/Y)Total amortizableintangibles, net$202,172K (23.24%↑ Y/Y)Trade name$10,300K (0.00%↑ Y/Y)Finite-lived intangibleassets, accumulated...$331,373K (16.87%↑ Y/Y)Total current assets$891,786K (-14.12%↓ Y/Y)Other intangibleassets, net$212,472K (21.87%↑ Y/Y)Goodwill$135,173K (-21.69%↓ Y/Y)Other assets$109,202K (13.16%↑ Y/Y)Lease assets$92,380K Property, plant andequipment, net$68,180K (94.35%↑ Y/Y)Deferred income taxassets$24,843K (-1.28%↓ Y/Y)Total assets$1,534,036K (-0.53%↓ Y/Y)Accumulated deficit-$396,516K (-27.65%↓ Y/Y)Accumulated othercomprehensive loss-$8,875K (-2.16%↓ Y/Y)Total liabilities,redeemable perpetual...$1,534,036K (-0.53%↓ Y/Y)Total stockholdersequity-$202,080K (-185.15%↓ Y/Y)Additional paid-in capital$203,156K (-18.18%↓ Y/Y)Common stock of 0.001par value -...$155K (2.65%↑ Y/Y)Total liabilities$1,237,943K (5.19%↑ Y/Y)Series a redeemableperpetual preferred stock...$498,173K (14.22%↑ Y/Y)Long-term debt, net ofcurrent portion$657,749K (0.02%↑ Y/Y)Total currentliabilities$405,762K (-13.36%↓ Y/Y)Lease liabilities,net of current...$87,726K Deferred revenue, net ofcurrent portion$45,385K Deferred income taxliabilities$20,374K (-10.54%↓ Y/Y)Contingent consideration,net of current...$13,596K (156.82%↑ Y/Y)Warranty liability, netof current portion$5,863K (4.58%↑ Y/Y)Other long-termliabilities$1,488K (-91.38%↓ Y/Y)Accounts payable$161,092K (-0.10%↓ Y/Y)Current portion ofdeferred revenue$105,103K (-30.74%↓ Y/Y)Accrued expenses$101,501K Current portion ofwarranty liability$12,390K (423.01%↑ Y/Y)Current portion ofcontingent consideration$10,975K (328.21%↑ Y/Y)Current portion of leaseliabilities$7,411K Income tax payable$3,839K (-22.94%↓ Y/Y)Other currentliabilities$3,451K (-54.47%↓ Y/Y)