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Array Technologies, Inc. ARRY STI Operations — D&A

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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 arry:DepreciationDepletionAndAmortizationAdjusted.

The official record: Array Technologies, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Array Technologies, Inc.'s STI operations — D&A?
Array Technologies, Inc. (ARRY) reported STI operations — D&A of $2.96M in Q1 2026.
How has Array Technologies, Inc.'s STI operations — D&A changed year-over-year?
Array Technologies, Inc.'s STI operations — D&A increased by 10.9% year-over-year, from $2.67M to $2.96M.
What is the long-term trend for Array Technologies, Inc.'s STI operations — D&A?
Over 3 years (2022 to 2025), Array Technologies, Inc.'s STI operations — D&A has grown at a -46.6% compound annual growth rate (CAGR), from $75.1M to $11.44M.
What does STI operations — D&A mean?
This represents the non-cash expense allocated to the STI Operations segment for the systematic reduction in the value of tangible and intangible assets over their useful lives. It reflects the consumption of capital investments required to support solar tracker manufacturing and operational activities. Monitoring this helps investors understand the capital intensity and asset replacement cycle of the segment.