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Array Technologies, Inc. ARRY Array U.S. Operations — Goodwill impairment

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Other financials

Income statement

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Revenue$342.1M-5.6%
Gross profit$99.6M+2.6%
Operating income$34.8M-25.0%
Net income$24.3M-43.7%
EPS (diluted)$0.05-73.7%

Balance sheet

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Cash & equivalents$307.3M-18.9%
Total debt$752.9M+8.5%
Total equity-$202.1M-185%
Total assets$1.5B-0.5%

Cash flow

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Operating cash flow$121.3M+177%
CapEx$7.6M+15.1%
Free cash flow$113.6M+205%

Valuation

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Market cap$808.54M+2.1%
Enterprise value$1.25B+12.9%
P/S0.7×0.0×

Profitability

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Gross margin24.3%-3.9pp
Operating margin-5.1%-2.1pp
Net margin-7.2%-2.7pp
FCF margin11.4%+1.0pp

Returns & leverage

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Return on equity-64.1%
Debt / equity10.5×+7.4×
Current ratio2.2×0.0×

Where this comes from

Reported directly by Array Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Array Technologies, Inc.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 5:21 PM EST
Fiscal year
FY2025
Accession
0001820721-26-000008
Line itemArray Legacy Operations(1)STI Operations(2)Total
Balance, December 31, 2023$69,727$365,864$435,591
Foreign currency translation(39,402)(39,402)
Impairment charge(236,000)(236,000)
Balance, December 31, 2024$69,727$90,462$160,189
Acquisition65,44665,446
Foreign currency translation12,09812,098
Impairment charge(102,560)(102,560)
Balance, December 31, 2025$135,173$135,173

Item 16. Form 10–K Summary

FAQ

What is Array Technologies, Inc.'s array U.S. operations — goodwill impairment?
Array Technologies, Inc. (ARRY) reported array U.S. operations — goodwill impairment of $0 in Q4 2025.
What does array U.S. operations — goodwill impairment mean?
Indicates a non-cash charge recognized when the carrying value of goodwill associated with the U.S. operations exceeds its implied fair value. This serves as a critical indicator that the expected future economic benefits of past acquisitions have declined.

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