Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
ARRYArray Technologies, Inc.
Every company that sells shares in the US files four statements with the SEC. Together they show whether Array Technologies made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Array Technologies filed it, with what each one means in plain English.
As filed with the SEC on Feb 25, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
Out of every $100 of sales
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Income Statement | |||
| $1.3B▲ 40% | $915.8M | $1.6B | |
| Cost of revenue | |||
| $938.6M▲ 55% | $603.6M | $1.1B | |
| $29.5M | $0 | $0 | |
| $17.5M▲ 20% | $14.6M | $14.6M | |
| $985.6M▲ 59% | $618.1M | $1.2B | |
| $298.6M▲ 0.3% | $297.7M | $415.6M | |
| Operating expenses | |||
| $198.6M▲ 24% | $160.6M | $159.5M | |
| $177.0K▲ 42% | $125.0K | $3.0M | |
| $26.2M▼ 27% | $36.1M | $38.9M | |
| $0▼ 100% | $91.9M | $0 | |
| $102.6M▼ 57% | $236.0M | $0 | |
| $327.5M▼ 38% | $524.7M | $201.4M | |
| −$29.0M▲ 87% | −$227.0M | $214.1M | |
| $11.9M▼ 29% | $16.8M | $8.3M | |
| −$27.3M▲ 22% | −$34.8M | −$44.2M | |
| $2.0M | −$4.5M | −$53.0K | |
| $14.2M | $0 | $0 | |
| −$992.0K▲ 1.6% | −$1.0M | −$1.0M | |
| −$222.0K▲ 99% | −$23.6M | −$37.0M | |
| −$29.2M▲ 88% | −$250.6M | $177.2M | |
| $23.0M | −$10.2M | $39.9M | |
| −$52.2M▲ 78% | −$240.4M | $137.2M | |
| $59.8M▲ 7.4% | $55.7M | $51.7M | |
| −$112.0M▲ 62% | −$296.1M | $85.5M | |
| −$112.0M▲ 62% | −$296.1M | $85.5M | |
| (Loss) income per common share | |||
| −$0.73▲ 63% | −$1.95 | $0.57 | |
| −$0.73▲ 63% | −$1.95 | $0.56 | |
| Weighted average common shares outstanding | |||
| 152.5M shares▲ 0.5% | 151.8M shares | 150.9M shares | |
| 152.5M shares▲ 0.5% | 151.8M shares | 152.0M shares | |
Every line as the company filed it (USD ($), shares in Thousands), shown in full dollars. See this statement on SEC.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| −$52.2M | −$240.4M | $137.2M | |
| Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | |||
| $34.9M | −$90.2M | $36.4M | |
| −$17.3M | −$330.6M | $173.6M | |