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Array Technologies, Inc. ARRY STI Operations — Depreciation

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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 arry:DepreciationAdjusted.

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
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)
Total other expense, net(3,042)

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Array Technologies, Inc.'s STI operations — depreciation?
Array Technologies, Inc. (ARRY) reported STI operations — depreciation of $1K in Q2 2026.
How has Array Technologies, Inc.'s STI operations — depreciation changed year-over-year?
Array Technologies, Inc.'s STI operations — depreciation decreased by 97.1% year-over-year, from $34K to $1K.
What does STI operations — depreciation mean?
Represents the periodic allocation of the cost of tangible fixed assets used by the STI Operations segment over their useful lives. It serves as a proxy for the wear and tear of production equipment and infrastructure necessary to maintain segment operations.

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