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Array Technologies, Inc. ARRY Products & Services — Product cost

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NIProduction tax credit, Percent
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RYNManufacturing Costs — Cost of Product and Service Sold
$40.84M
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VSHManufacturing Costs
$662.63M+14.3%

Other financials

Income statement

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Revenue$223.4M-26.1%
Gross profit$63.0M-17.6%
Operating income$7.1M-73.9%
Net income$2.0M-88.1%
EPS (diluted)-$0.09-550%

Balance sheet

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Cash & equivalents$202.0M-42.2%
Total debt$763.2M+12.4%
Total equity-$214.4M-119%
Total assets$1.5B+3.5%

Cash flow

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Operating cash flow-$29.4M-125%
CapEx$7.5M+219%
Free cash flow-$36.9M-140%

Valuation

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Market cap$1.18B+4.8%
Enterprise value$1.74B+19.6%
P/S-0.1×

Profitability

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Gross margin23.7%-6.3pp
Operating margin-4.1%-1.8pp
Net margin-5.6%-2.4pp
FCF margin4.8%-3.3pp

Returns & leverage

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Return on equity-64.1%
Debt / equity10.5×+7.4×
Current ratio2.3×-0.1×

Where this comes from

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

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Array Technologies, Inc.’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Array Technologies, Inc.'s products & services — product cost?
Array Technologies, Inc. (ARRY) reported products & services — product cost of $43.4M in Q4 2025.
How has Array Technologies, Inc.'s products & services — product cost changed year-over-year?
Array Technologies, Inc.'s products & services — product cost increased by 26.0% year-over-year, from $34.45M to $43.4M.
What is the long-term trend for Array Technologies, Inc.'s products & services — product cost?
Over 2 years (2023 to 2025), Array Technologies, Inc.'s products & services — product cost has grown at a 332.0% compound annual growth rate (CAGR), from $9.3M to $173.6M.
What does products & services — product cost mean?
This metric represents the total direct and indirect costs associated with the manufacturing and production activities eligible for 45X tax credits. It captures the underlying expenditure required to produce the specific solar tracking components that qualify for these federal incentives. Monitoring this cost helps investors assess the operational efficiency and scalability of the company's manufacturing processes in relation to government-subsidized production.