What is Array Technologies, Inc.'s work in process?

Array Technologies, Inc. (ARRY) reported work in process of $2.16M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Array Technologies, Inc. ARRY Work in process

Work in process at other companies

Shoals Technologies Group, Inc.SHLS

$4.8M+127%

Enphase EnergyENPH

$21.66M—

Powell IndustriesPOWL

——

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/S1×-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:InventoryWorkInProcessNetOfReserves.

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

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What is Array Technologies, Inc.'s work in process?: Array Technologies, Inc. (ARRY) reported work in process of $2.16M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.