Array Technologies Quarterly Income Statements Chart
Quarterly
|
Annual
Array Technologies Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 362,243,000 | 302,363,000 | 275,232,000 | 231,406,000 | 255,766,000 | 153,403,000 | 341,615,000 | 350,438,000 | 507,725,000 | 402,071,000 | 515,024,000 | 424,929,000 | 300,586,000 | 212,522,000 | 192,068,000 | 202,796,000 | 245,932,000 | ||
| yoy | 41.63% | 97.10% | -19.43% | -33.97% | -49.63% | -61.85% | -33.67% | -17.53% | 68.91% | 89.19% | 168.15% | 109.54% | 22.22% | ||||||
| qoq | 19.80% | 9.86% | 18.94% | -9.52% | 66.73% | -55.09% | -2.52% | -30.98% | 26.28% | -21.93% | 21.20% | 41.37% | 41.44% | 10.65% | -5.29% | -17.54% | |||
| cost of revenue | 357,683,000 | 321,551,000 | 434,801,000 | 377,553,000 | 273,999,000 | 209,587,000 | 182,789,000 | 176,009,000 | 202,074,000 | 131,186,750 | 112,731,000 | ||||||||
| cost of product and service revenue | 261,479,000 | 222,296,000 | 193,273,000 | 149,452,000 | 166,173,000 | 94,674,000 | 253,746,000 | 259,419,000 | |||||||||||
| amortization of developed technology | 3,640,000 | 3,639,000 | 3,640,000 | 3,639,000 | 3,640,000 | 3,639,000 | 3,640,000 | 3,640,000 | |||||||||||
| total cost of revenue | 265,119,000 | 225,935,000 | 196,913,000 | 153,091,000 | 169,813,000 | 98,313,000 | 257,386,000 | 263,059,000 | |||||||||||
| gross profit | 97,124,000 | 76,428,000 | 78,319,000 | 78,315,000 | 85,953,000 | 55,090,000 | 84,229,000 | 87,379,000 | 150,042,000 | 80,520,000 | 80,223,000 | 47,376,000 | 26,587,000 | 2,935,000 | 9,279,000 | 26,787,000 | 43,858,000 | 35,452,000 | 26,731,000 |
| yoy | 13.00% | 38.73% | -7.02% | -10.37% | -42.71% | -31.58% | 4.99% | 84.44% | 464.34% | 2643.44% | 764.57% | 76.86% | -39.38% | -91.72% | -65.29% | ||||
| qoq | 27.08% | -2.41% | 0.01% | -8.89% | 56.02% | -34.59% | -3.60% | -41.76% | 86.34% | 0.37% | 69.33% | 78.19% | 805.86% | -68.37% | -65.36% | -38.92% | 23.71% | 32.63% | |
| gross margin % | 26.81% | 25.28% | 28.46% | 33.84% | 33.61% | 35.91% | 24.66% | 24.93% | 29.55% | 20.03% | 15.58% | 11.15% | 8.85% | 1.38% | 4.83% | 13.21% | 17.83% | ||
| operating expenses | |||||||||||||||||||
| general and administrative | 44,954,000 | 43,945,000 | 45,663,000 | 40,149,000 | 36,971,000 | 37,784,000 | 43,710,000 | 37,432,000 | 40,250,000 | 42,896,000 | 38,911,000 | 31,509,000 | 39,827,000 | 22,695,000 | 18,493,000 | 15,113,000 | 24,673,000 | 20,862,000 | 11,873,000 |
| change in fair value of contingent consideration | 150,000 | -150,000 | 396,000 | -39,000 | 503,000 | -735,000 | 732,000 | 190,000 | 705,000 | ||||||||||
| depreciation and amortization | 5,644,000 | 5,349,000 | 8,702,000 | 8,880,000 | 8,877,000 | 9,627,000 | 9,567,000 | 9,552,000 | 12,846,000 | 28,734,000 | 23,364,000 | 24,389,000 | 22,652,000 | 5,981,000 | 5,984,000 | 5,981,000 | 5,984,000 | 6,397,000 | 6,374,000 |
| total operating expenses | 50,748,000 | 49,144,000 | 220,665,000 | 210,990,000 | 46,351,000 | 46,676,000 | 54,009,000 | 47,174,000 | 53,801,000 | 73,104,000 | 61,703,000 | 54,220,000 | 58,748,000 | 30,301,000 | 25,413,000 | 21,081,000 | 30,805,000 | 37,692,000 | 31,838,000 |
| income from operations | 46,376,000 | 27,284,000 | -142,346,000 | -132,675,000 | 39,602,000 | 8,414,000 | 30,220,000 | 40,205,000 | 96,241,000 | 7,416,000 | 18,520,000 | -6,844,000 | -32,161,000 | -27,366,000 | -16,134,000 | 5,706,000 | 13,053,000 | -2,240,000 | -5,107,000 |
| yoy | 17.11% | 224.27% | -571.03% | -430.00% | -58.85% | 13.46% | 63.17% | -687.45% | -399.25% | -127.10% | -214.79% | -219.94% | -346.39% | 1121.70% | 215.92% | ||||
| qoq | 69.98% | -119.17% | 7.29% | -435.02% | 370.67% | -72.16% | -24.84% | -58.22% | 1197.75% | -59.96% | -370.60% | -78.72% | 17.52% | 69.62% | -382.75% | -56.29% | -682.72% | -56.14% | |
| operating margin % | 12.80% | 9.02% | -51.72% | -57.33% | 15.48% | 5.48% | 8.85% | 11.47% | 18.96% | 1.84% | 3.60% | -1.61% | -10.70% | -12.88% | -8.40% | 2.81% | 5.31% | ||
| interest income | 3,800,000 | 3,319,000 | 4,092,000 | 4,223,000 | 4,782,000 | 3,680,000 | 2,206,000 | 3,425,000 | |||||||||||
| interest expense | -8,768,000 | -8,035,000 | -9,007,000 | -8,264,000 | -8,614,000 | -8,940,000 | -8,857,000 | -13,064,000 | -10,109,000 | -9,804,000 | -8,746,000 | -8,021,000 | -6,942,000 | -6,706,000 | -13,109,000 | -6,651,000 | -9,009,000 | -6,816,000 | -673,000 |
| foreign currency gain | 1,343,000 | 689,000 | -3,442,000 | -106,000 | -468,000 | 68,250 | 207,000 | 260,000 | -813,000 | -159,000 | -1,736,000 | 3,863,000 | |||||||
| gain on extinguishment of debts | 14,207,000 | ||||||||||||||||||
| other income | -79,000 | 23,000 | -1,794,000 | 814,000 | 125,000 | 2,816,000 | -399,000 | -371,000 | 743,000 | -408,000 | -297,000 | -122,000 | -78,000 | -142,000 | -29,000 | ||||
| total other income | 10,503,000 | -4,004,000 | -7,703,000 | -4,829,000 | -6,094,000 | -4,945,000 | -6,725,000 | -9,762,000 | -7,801,000 | 33,446,000 | -10,128,000 | -2,336,000 | -7,114,000 | -13,406,000 | -6,773,000 | -9,087,000 | -6,958,000 | -702,000 | |
| income before income tax expense | 56,879,000 | 23,280,000 | -25,131,750 | -137,504,000 | 33,508,000 | 3,469,000 | -1,067,000 | 3,966,000 | 21,744,000 | -5,809,000 | |||||||||
| income tax expense | 13,617,000 | 6,534,000 | 3,241,000 | 3,850,000 | 7,810,000 | 1,304,000 | 1,079,000 | 4,532,750 | 1,423,000 | ||||||||||
| net income | 43,262,000 | 16,746,000 | -126,903,000 | -141,354,000 | 25,698,000 | 2,165,000 | 23,086,000 | 23,214,000 | 64,808,000 | -9,110,000 | 40,822,000 | -2,777,000 | -22,054,000 | -27,721,000 | -25,552,000 | -17,000 | 2,887,000 | -9,772,000 | -7,232,000 |
| yoy | 68.35% | 673.49% | -649.70% | -708.92% | -60.35% | -123.77% | -43.45% | -935.94% | -393.86% | -67.14% | -259.76% | 16235.29% | -863.91% | 183.68% | 253.32% | ||||
| qoq | 158.34% | -113.20% | -10.22% | -650.06% | 1086.97% | -90.62% | -0.55% | -64.18% | -811.39% | -122.32% | -1570.00% | -87.41% | -20.44% | 8.49% | 150205.88% | -100.59% | -129.54% | 35.12% | |
| net income margin % | 11.94% | 5.54% | -46.11% | -61.08% | 10.05% | 1.41% | 6.76% | 6.62% | 12.76% | -2.27% | 7.93% | -0.65% | -7.34% | -13.04% | -13.30% | -0.01% | 1.17% | ||
| preferred dividends and accretion | 14,788,000 | 14,443,000 | 14,338,000 | 14,080,000 | 13,749,000 | 13,502,000 | 13,332,000 | 13,091,000 | 12,784,000 | 12,009,000 | 12,257,000 | 12,182,000 | 11,606,000 | -10,236,000 | -5,479,000 | ||||
| net income to common shareholders | 28,474,000 | 2,303,000 | -141,241,000 | -155,434,000 | 11,949,000 | -11,337,000 | 9,754,000 | 10,123,000 | 52,024,000 | -21,119,000 | 28,565,000 | -14,959,000 | -33,660,000 | -37,957,000 | -31,031,000 | ||||
| income per common share | |||||||||||||||||||
| basic | 190 | 20 | -930 | -1,020 | 80 | -70 | 70 | 70 | 340 | -140 | 190 | ||||||||
| diluted | 190 | 20 | -930 | -1,020 | 80 | -70 | 60 | 70 | 340 | -140 | 190 | ||||||||
| weighted-average number of common shares outstanding | |||||||||||||||||||
| basic | 152,584,000 | 152,076,000 | 151,754,000 | 151,923,000 | 151,797,000 | 151,351,000 | 150,942,000 | 151,068,000 | 150,919,000 | 149,819,000 | 150,322,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 126,994 | 121,467 | |
| diluted | 153,068,000 | 152,783,000 | 151,754,000 | 151,923,000 | 152,207,000 | 151,351,000 | 152,022,000 | 152,323,000 | 152,129,000 | 149,819,000 | 151,382,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 127,298 | 121,514 | |
| goodwill impairment | 74,000,000 | 162,000,000 | |||||||||||||||||
| other loss | -415,500 | -682,000 | |||||||||||||||||
| foreign currency loss | -499,000 | ||||||||||||||||||
| cost of revenue: | |||||||||||||||||||
| operating expenses: | |||||||||||||||||||
| other income: | |||||||||||||||||||
| other (expense) | -31,750 | -446,000 | |||||||||||||||||
| legal settlement | 42,750,000 | ||||||||||||||||||
| change in fair value of derivative assets | -285,000 | 116,000 | 694,000 | ||||||||||||||||
| income before taxes | 38,415,500 | 30,443,000 | |||||||||||||||||
| income tax benefit | 409,000 | 7,229,000 | -14,195,000 | -12,443,000 | -6,759,000 | -3,988,000 | -1,050,000 | ||||||||||||
| total other | -9,030,000 | ||||||||||||||||||
| income before income tax (benefit) expense | 87,211,000 | -1,141,750 | 51,966,000 | ||||||||||||||||
| income tax (benefit) expense | 22,403,000 | 8,725,000 | 11,144,000 | ||||||||||||||||
| contingent consideration | 1,474,000 | -572,000 | -1,678,000 | -3,731,000 | 1,625,000 | 936,000 | -13,000 | 148,000 | 10,433,000 | 13,591,000 | |||||||||
| weighted-average number of common shares | |||||||||||||||||||
| basic | 152,584,000 | 152,076,000 | 151,754,000 | 151,923,000 | 151,797,000 | 151,351,000 | 150,942,000 | 151,068,000 | 150,919,000 | 149,819,000 | 150,322,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 126,994 | 121,467 | |
| diluted | 153,068,000 | 152,783,000 | 151,754,000 | 151,923,000 | 152,207,000 | 151,351,000 | 152,022,000 | 152,323,000 | 152,129,000 | 149,819,000 | 151,382,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 127,298 | 121,514 | |
| income before income tax benefit | -16,972,000 | -34,497,000 | -34,480,000 | -29,540,000 | |||||||||||||||
| loss per common share | |||||||||||||||||||
| basic | -100 | ||||||||||||||||||
| diluted | -100 | ||||||||||||||||||
| earnings per share | |||||||||||||||||||
| basic | -0.23 | -0.29 | -0.24 | 0.02 | |||||||||||||||
| diluted | -0.23 | -0.29 | -0.24 | 0.02 | |||||||||||||||
| weighted-average number of shares | |||||||||||||||||||
| basic | 152,584,000 | 152,076,000 | 151,754,000 | 151,923,000 | 151,797,000 | 151,351,000 | 150,942,000 | 151,068,000 | 150,919,000 | 149,819,000 | 150,322,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 126,994 | 121,467 | |
| diluted | 153,068,000 | 152,783,000 | 151,754,000 | 151,923,000 | 152,207,000 | 151,351,000 | 152,022,000 | 152,323,000 | 152,129,000 | 149,819,000 | 151,382,000 | 150,203,000 | 148,288 | 129,984 | 130,955 | 126,994 | 127,298 | 121,514 | |
| revenues | 180,566,000 | 139,462,000 | |||||||||||||||||
| earnings per unit | |||||||||||||||||||
| basic and diluted | 142.5 | -60 | |||||||||||||||||
| weighted-average number of units | |||||||||||||||||||
| basic and diluted | 119,994,000 |
We provide you with 20 years income statements for Array Technologies stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Array Technologies stock. Explore the full financial landscape of Array Technologies stock with our expertly curated income statements.
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