📊 ARRY Key Takeaways
Is Array Technologies, Inc. (ARRY) a Good Investment?
Array Technologies demonstrates strong revenue growth of 40.2% YoY and positive free cash flow generation, but faces critical structural challenges including negative stockholders' equity of -$206.3M, persistent operating losses, and deteriorating profitability despite topline expansion. The company is burning through operational efficiency with a -2.3% operating margin and negative ROA of -3.6%, indicating the business model is not converting growth into profits.
Array Technologies is showing strong top-line momentum, with revenue up 40.2% year over year and positive free cash flow generation, which suggests underlying demand and working-capital discipline remain intact. However, the business is still unprofitable at the operating and net income levels, interest coverage is negative, and negative stockholders' equity materially weakens the balance-sheet profile. The fundamentals point to improving execution, but the capital structure and earnings quality still make the company high risk.
Why Buy Array Technologies, Inc. Stock? ARRY Key Strengths
- Strong revenue growth of 40.2% YoY indicating robust market demand
- Positive free cash flow of $79.8M (6.2% FCF margin) providing operational flexibility
- Healthy liquidity position with current ratio of 2.31x and $244.4M cash
- Net loss improvement of 53.4% YoY showing loss mitigation trajectory
- Revenue growth is strong at 40.2% year over year, indicating solid demand and market traction
- Gross margin of 23.2% and positive free cash flow of $79.81M show the business can generate cash despite losses
- Liquidity is relatively solid with $244.39M in cash, a 2.31x current ratio, and a 1.91x quick ratio
ARRY Stock Risks: Array Technologies, Inc. Investment Risks
- Negative stockholders' equity of -$206.3M indicates technical insolvency and negative book value
- Operating losses of -$29.0M and net losses of -$52.2M despite 40% revenue growth signal structural unprofitability
- High debt burden of $658.7M with negative interest coverage of -3.2x raises debt service concerns
- Gross margin of only 23.2% provides limited cushion to cover operating expenses and reach profitability
- Operating and net margins remain negative, showing the company has not yet converted growth into sustainable profitability
- Negative stockholders' equity and $658.66M of long-term debt create meaningful balance-sheet risk
- Interest coverage of -3.2x indicates earnings are currently insufficient to support debt costs comfortably
Key Metrics to Watch
- Path to operating profitability and positive EBITDA
- Gross margin expansion and operating expense reduction initiatives
- Debt refinancing needs and stockholders' equity recovery
- Free cash flow sustainability and cash burn rate
- Operating margin and net income trend toward sustained profitability
- Free cash flow durability alongside debt reduction and equity recovery
Array Technologies, Inc. (ARRY) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.31x current ratio provides a solid financial cushion.
ARRY Profit Margin, ROE & Profitability Analysis
ARRY vs Market Sector: How Array Technologies, Inc. Compares
How Array Technologies, Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Array Technologies, Inc. Stock Overvalued? ARRY Valuation Analysis 2026
Based on fundamental analysis, Array Technologies, Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Array Technologies, Inc. Balance Sheet: ARRY Debt, Cash & Liquidity
ARRY Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Array Technologies, Inc.'s revenue has grown significantly by 81% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.56 reflects profitable operations.
ARRY Revenue Growth, EPS Growth & YoY Performance
ARRY Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $231.4M | $33.5M | $0.12 |
| Q2 2025 | $255.8M | $25.7M | $0.00 |
| Q1 2025 | $153.4M | $2.2M | $0.02 |
| Q3 2024 | $231.4M | $23.1M | $0.07 |
| Q2 2024 | $255.8M | $25.7M | $0.00 |
| Q1 2024 | $153.4M | $2.2M | $-0.07 |
| Q3 2023 | $350.4M | $9.7M | $0.07 |
| Q2 2023 | $419.9M | -$5.0M | $-0.11 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Array Technologies, Inc. Dividends, Buybacks & Capital Allocation
ARRY SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Array Technologies, Inc. (CIK: 0001820721)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 7, 2026 | DEF 14A | ny20063454x2_def14a.htm | View → |
| Mar 19, 2026 | 4 | xslF345X06/wk-form4_1773968874.xml | View → |
| Mar 19, 2026 | 4 | xslF345X06/wk-form4_1773968769.xml | View → |
| Mar 19, 2026 | 4 | xslF345X06/wk-form4_1773968636.xml | View → |
| Mar 19, 2026 | 4 | xslF345X06/wk-form4_1773968543.xml | View → |
❓ Frequently Asked Questions about ARRY
What is the AI rating for ARRY?
Array Technologies, Inc. (ARRY) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ARRY's key strengths?
Claude: Strong revenue growth of 40.2% YoY indicating robust market demand. Positive free cash flow of $79.8M (6.2% FCF margin) providing operational flexibility. ChatGPT: Revenue growth is strong at 40.2% year over year, indicating solid demand and market traction. Gross margin of 23.2% and positive free cash flow of $79.81M show the business can generate cash despite losses.
What are the risks of investing in ARRY?
Claude: Negative stockholders' equity of -$206.3M indicates technical insolvency and negative book value. Operating losses of -$29.0M and net losses of -$52.2M despite 40% revenue growth signal structural unprofitability. ChatGPT: Operating and net margins remain negative, showing the company has not yet converted growth into sustainable profitability. Negative stockholders' equity and $658.66M of long-term debt create meaningful balance-sheet risk.
What is ARRY's revenue and growth?
Array Technologies, Inc. reported revenue of $1.3B.
Does ARRY pay dividends?
Array Technologies, Inc. pays dividends, with $8.1M distributed to shareholders in the trailing twelve months.
Where can I find ARRY SEC filings?
Official SEC filings for Array Technologies, Inc. (CIK: 0001820721) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ARRY's EPS?
Array Technologies, Inc. has a diluted EPS of $-0.73.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is ARRY a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Array Technologies, Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is ARRY stock overvalued or undervalued?
Valuation metrics for ARRY: ROE of N/A (sector avg: 15%), net margin of -4.1% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy ARRY stock in 2026?
Our dual AI analysis gives Array Technologies, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ARRY's free cash flow?
Array Technologies, Inc.'s operating cash flow is $101.8M, with capital expenditures of $22.0M. FCF margin is 6.2%.
How does ARRY compare to other Market stocks?
Vs Default sector averages: Net margin -4.1% (avg: 12%), ROE N/A (avg: 15%), current ratio 2.31 (avg: 1.8).