Array Technologies, Inc.

ARRY · Micro cap · Calculated market cap · $620.7M · as of 2026-09-30

Company Stats

Market Cap: $620.7M; as of Sep 30, 2026
Enterprise Value: $1.1B
Shares Outstanding: 154.0M
Free Float: 95.0%

Income Statement

Revenue: $1.3B
Operating Income: -$29.0M
Net Income: -$52.2M
EBITDA: -$22.9M
Non-cash Impairment: $102.6M
Revenue Growth, 3Y: -7.8%
FCF Margin, 3Y Avg: 12.0%
FCF Margin, Worst Year: 6.2%

Cash Flow

Free Cash Flow: $79.8M
FCF Yield: 12.9%
Owner FCF Yield: 10.4%

Balance Sheet

Cash & Equivalents: $244.4M
Total Debt: $682.8M
Net Debt: $438.4M

Returns & Capital

SBC, 3Y Avg: $13.5M

Cash Flow by Year

Year	Revenue	FCF	Margin
FY2025	$1.3B	$79.8M	6.2%
FY2024	$915.8M	$146.7M	16.0%
FY2023	$1.6B	$215.0M	13.6%
FY2022	$1.6B	$130.9M	8.0%

Annual filing data through FY ended December 31, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Nov 11, 2026Array Cuts 2026 Revenue Outlook After Delivery Timing Shift

Other Coverage

November 8, 2026 Weekly Deals

Micro-Cap Deals Roundup for Week of Nov. 2, 2026 November 4, 2026 Deals

ARRAY to Merge with Shoals in All-Stock Combination September 28, 2026 QBook

Stronger demand supports expansion as pricing diverges September 1, 2026 Deals

ARRAY Technologies to Buy Affordable Wire Management for $203 Million August 21, 2026 Deals

ARRAY Technologies to Buy Affordable Wire Management in $203 Million Deal July 17, 2026 Deals

ARRAY Technologies to Buy Affordable Wire Management in $203 Million Mixed Deal

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