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Array Technologies, Inc. ARRY Goodwill impairment

Discontinued — last reported Q4 '25

Goodwill impairment at other companies

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FTC SolarFTCI
$0
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SolarEdge TechnologiesSEDG
$562.75K
Clean Energy Fuels logo
Clean Energy FuelsCLNE
$0

Segments

By segment

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Array U.S. Operations$0

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:GoodwillImpairmentLoss.

The source filing: Array Technologies, Inc.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 5:21 PM EST
Fiscal year
FY2025
Accession
0001820721-26-000008
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Change in fair value of contingent consideration1771252,964
Depreciation and amortization26,19936,08638,928
Long-lived assets impairment91,904
Goodwill impairment102,560236,000
Total operating expenses327,548524,682201,427
(Loss) income from operations(28,995)(227,005)214,124
Interest income11,85216,7778,330
Interest expense(27,331)(34,825)(44,229)

Item 16. Form 10–K Summary

FAQ

What is Array Technologies, Inc.'s goodwill impairment?
Array Technologies, Inc. (ARRY) reported goodwill impairment of $102.56M in Q4 2025.
How has Array Technologies, Inc.'s goodwill impairment changed year-over-year?
Array Technologies, Inc.'s goodwill impairment increased by 38.6% year-over-year, from $74M to $102.56M.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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