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Array Technologies, Inc. ARRY Contract Liabilities

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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 us-gaap:ContractWithCustomerLiabilityNoncurrent.

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 contract liabilities?
Array Technologies, Inc. (ARRY) reported contract liabilities of $31.4M in Q1 2026.
How has Array Technologies, Inc.'s contract liabilities changed year-over-year?
Array Technologies, Inc.'s contract liabilities decreased by 73.9% year-over-year, from $120.23M to $31.4M.
What is the long-term trend for Array Technologies, Inc.'s contract liabilities?
Over 5 years (2020 to 2025), Array Technologies, Inc.'s contract liabilities has grown at a -35.4% compound annual growth rate (CAGR), from $149.82M to $16.8M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.