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Array Technologies, Inc. ARRY Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$393.5MBeat by $182.4M
EPS$0.30Beat by $0.09
Revenue estimate$211.1M
EPS estimate$0.21

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$329.7M
EPS estimate$0.12

Financials

Q3 2025

Income statement

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Revenue$393.5M+70.0%
Gross profit$105.7M+34.9%
Operating income$45.5M+134%
Net income$33.5M+124%
EPS (diluted)$0.12+112%

Balance sheet

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Cash & equivalents$223.1M-32.9%
Total debt$707.6M+4.6%
Total equity-$46.7M-172%
Total assets$1.6B+3.1%

Cash flow

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Operating cash flow$27.4M-39.1%
CapEx$5.5M+412%
Free cash flow$21.9M-50.2%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$1.24B+24.1%
Enterprise value$1.73B+28.4%
P/S0.9×-0.1×

Profitability

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Gross margin26.8%-4.1pp
Operating margin-1.7%-0.7pp
Net margin-2.5%-1.1pp
FCF margin7.5%-10.8pp

Returns & leverage

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Current ratio1.9×-0.5×

Segments

By geography

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U.S.$260.3M+61.8%
Spain$35.3M+68.4%
Brazil$15.2M-55.1%
Australia$5.9M+173%

FAQ

When did Array Technologies, Inc. report Q3 2025 earnings?
Array Technologies, Inc. (ARRY) reported Q3 2025 earnings on November 5, 2025 after market close.
What were Array Technologies, Inc.'s Q3 2025 revenue and EPS?
Array Technologies, Inc. reported revenue of $393.5M and eps of $0.30 for Q3 2025.
Did Array Technologies, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $211.1M by $182.4M. EPS beat the consensus estimate of $0.21 by $0.09.
How did Array Technologies, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 70.0% from $231.4M a year earlier and eps grew 76.5% from $0.17.
Where can I find Array Technologies, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001820721-25-000093) and the 10-Q periodic report (0001820721-25-000095) directly on SEC EDGAR. The filing index links above go to sec.gov.