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Array Technologies, Inc. ARRY STI Operations — Amortization of developed technology and backlog

Other segment segments

Array Legacy Operations
$5.62M+54.3%

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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:CostOfGoodsAndServicesSoldAmortization.

The source filing: Array Technologies, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053517
Line itemArray Legacy OperationsSTI OperationsConsolidated
Segment revenue$320,308$21,757$342,065
Less:
Product cost(1)189,56520,305209,870
Amortization of developed technology and backlog5,6155,615
Depreciation2,02612,027
Other costs(2)24,61733224,949
Gross profit98,4851,11999,604
Total operating expenses(64,839)

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s STI operations — amortization of developed technology and backlog?
Array Technologies, Inc. (ARRY) reported STI operations — amortization of developed technology and backlog of $0 in Q2 2026.
What does STI operations — amortization of developed technology and backlog mean?
Reflects the non-cash expense allocated to the systematic reduction of the carrying value of intangible assets, specifically developed technology and acquired order backlogs, within the STI Operations segment. This metric helps investors understand the impact of past acquisitions on current segment profitability.

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