For the quarter ending 2025-09-30, ARRY made $393,491,000 in revenue. $18,359,000 in net income. Net profit margin of 4.67%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 393,491,000 | 362,243,000 | 302,363,000 | 214,317,500 |
| Cost of product and service revenue | 283,386,000 | 261,479,000 | 222,296,000 | 143,973,500 |
| Amortization of developed technology and backlog | 4,434,000 | 3,640,000 | 3,639,000 | 3,639,500 |
| Total cost of revenue | 287,820,000 | 265,119,000 | 225,935,000 | 147,613,000 |
| Gross profit | 105,671,000 | 97,124,000 | 76,428,000 | 66,704,500 |
| General and administrative | 52,248,000 | 44,954,000 | 43,945,000 | 41,723,500 |
| Change in fair value of contingent consideration | 1,014,000 | 150,000 | -150,000 | 35,139,833.333 |
| Long-lived assets impairment | - | - | - | 22,976,000 |
| Depreciation and amortization | 6,958,000 | 5,644,000 | 5,349,000 | 9,164,500 |
| Goodwill impairment | 0 | - | - | 24,666,666.667 |
| Total operating expenses | 60,220,000 | 50,748,000 | 49,144,000 | 133,670,500 |
| Income (loss) from operations | 45,451,000 | 46,376,000 | 27,284,000 | -66,966,000 |
| Interest income | 2,977,000 | 3,800,000 | 3,319,000 | 3,886,000 |
| Interest expense | 5,046,000 | 8,768,000 | 8,035,000 | 8,973,500 |
| Foreign currency (loss) gain, net | -6,000 | 1,343,000 | 689,000 | -1,970,500 |
| Gain on extinguishment of debts, net | 0 | 14,207,000 | - | - |
| Other income (expense), net | 68,000 | -79,000 | 23,000 | 734,000 |
| Total other income (expense), net | -2,007,000 | 10,503,000 | -4,004,000 | -6,324,000 |
| Income (loss) before income tax expense | 43,444,000 | 56,879,000 | 23,280,000 | -73,290,000 |
| Income tax expense | 9,941,000 | 13,617,000 | 6,534,000 | -10,921,000 |
| Net income (loss) | 33,503,000 | 43,262,000 | 16,746,000 | -62,369,000 |
| Preferred dividends and accretion | 15,144,000 | 14,788,000 | 14,443,000 | 13,920,500 |
| Net income (loss) to common shareholders basic | 18,359,000 | 28,474,000 | 2,303,000 | -76,289,500 |
| Net (loss) income to common shareholders, diluted | - | - | - | -76,289,500 |
| Basic (in dollars per share) | 0.12 | 0.19 | 0.02 | -0.505 |
| Basic (in shares) | 152,727,000 | 152,584,000 | 152,076,000 | -75,983,000 |
| Diluted (in dollars per share) | 0.12 | 0.19 | 0.02 | -0.505 |
| Diluted (in shares) | 154,090,000 | 153,068,000 | 152,783,000 | -76,188,000 |
Array Technologies, Inc. (ARRY)
Array Technologies, Inc. (ARRY)