Array Technologies Inc
NASDAQ:ARRY
Income Statement
Earnings Waterfall
Array Technologies Inc
Income Statement
Array Technologies Inc
| Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||
| Interest Expense |
15
|
16
|
23
|
36
|
35
|
33
|
35
|
31
|
34
|
36
|
38
|
42
|
44
|
41
|
39
|
35
|
35
|
34
|
34
|
31
|
|
| Revenue |
873
N/A
|
568
-35%
|
765
+35%
|
814
+6%
|
853
+5%
|
906
+6%
|
1 129
+25%
|
1 455
+29%
|
1 638
+13%
|
1 714
+5%
|
1 802
+5%
|
1 637
-9%
|
1 577
-4%
|
1 353
-14%
|
1 101
-19%
|
982
-11%
|
916
-7%
|
1 065
+16%
|
1 171
+10%
|
1 333
+14%
|
|
| Gross Profit | |||||||||||||||||||||
| Cost of Revenue |
(670)
|
(460)
|
(636)
|
(706)
|
(771)
|
(842)
|
(1 046)
|
(1 302)
|
(1 410)
|
(1 416)
|
(1 393)
|
(1 218)
|
(1 161)
|
(976)
|
(789)
|
(679)
|
(618)
|
(746)
|
(841)
|
(976)
|
|
| Gross Profit |
203
N/A
|
108
-47%
|
129
+19%
|
108
-16%
|
83
-23%
|
63
-24%
|
83
+31%
|
153
+85%
|
227
+48%
|
298
+31%
|
408
+37%
|
419
+3%
|
416
-1%
|
377
-9%
|
313
-17%
|
304
-3%
|
298
-2%
|
319
+7%
|
330
+4%
|
358
+8%
|
|
| Operating Income | |||||||||||||||||||||
| Operating Expenses |
(108)
|
(100)
|
(122)
|
(115)
|
(108)
|
(142)
|
(174)
|
(208)
|
(240)
|
(197)
|
(197)
|
(228)
|
(201)
|
(202)
|
(194)
|
(196)
|
(197)
|
(527)
|
(204)
|
(215)
|
|
| Selling, General & Administrative |
(56)
|
(58)
|
(73)
|
(79)
|
(81)
|
(102)
|
(116)
|
(136)
|
(145)
|
(149)
|
(160)
|
(159)
|
(160)
|
(159)
|
(156)
|
(159)
|
(161)
|
(167)
|
(175)
|
(187)
|
|
| Depreciation & Amortization |
(26)
|
(19)
|
(25)
|
(24)
|
(24)
|
(40)
|
(60)
|
(75)
|
(99)
|
(90)
|
(77)
|
(65)
|
(39)
|
(42)
|
(38)
|
(37)
|
(34)
|
(31)
|
(28)
|
(26)
|
|
| Other Operating Expenses |
(27)
|
(24)
|
(24)
|
(12)
|
(3)
|
0
|
2
|
3
|
5
|
42
|
40
|
(4)
|
(3)
|
(1)
|
(1)
|
(0)
|
(2)
|
(329)
|
(1)
|
(2)
|
|
| Operating Income |
95
N/A
|
8
-91%
|
8
-7%
|
(7)
N/A
|
(25)
-258%
|
(78)
-217%
|
(91)
-16%
|
(55)
+40%
|
(13)
+77%
|
102
N/A
|
211
+108%
|
191
-9%
|
214
+12%
|
175
-18%
|
118
-32%
|
108
-9%
|
101
-6%
|
(208)
N/A
|
127
N/A
|
143
+13%
|
|
| Pre-Tax Income | |||||||||||||||||||||
| Interest Income Expense |
(15)
|
(17)
|
(23)
|
(36)
|
(36)
|
(30)
|
(33)
|
(28)
|
(32)
|
(40)
|
(40)
|
(41)
|
(36)
|
(31)
|
(26)
|
(21)
|
(23)
|
(21)
|
(20)
|
(18)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
43
|
37
|
0
|
0
|
0
|
0
|
0
|
0
|
(162)
|
(328)
|
0
|
(314)
|
(152)
|
|
| Total Other Income |
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
3
|
2
|
2
|
3
|
(1)
|
(0)
|
(2)
|
(3)
|
(1)
|
(2)
|
(0)
|
1
|
|
| Pre-Tax Income |
78
N/A
|
(9)
N/A
|
(16)
-84%
|
(43)
-169%
|
(61)
-42%
|
(108)
-77%
|
(124)
-15%
|
(41)
+67%
|
(5)
+88%
|
63
N/A
|
173
+177%
|
153
-12%
|
177
+16%
|
143
-19%
|
90
-37%
|
(78)
N/A
|
(251)
-221%
|
(231)
+8%
|
(207)
+10%
|
(26)
+87%
|
|
| Net Income | |||||||||||||||||||||
| Tax Provision |
(25)
|
(10)
|
(9)
|
(2)
|
11
|
27
|
44
|
28
|
9
|
(10)
|
(51)
|
(48)
|
(40)
|
(34)
|
(19)
|
(16)
|
10
|
5
|
(1)
|
(7)
|
|
| Income from Continuing Operations |
53
|
(19)
|
(25)
|
(45)
|
(50)
|
(81)
|
(80)
|
(12)
|
4
|
53
|
122
|
105
|
137
|
110
|
70
|
(94)
|
(240)
|
(226)
|
(208)
|
(33)
|
|
| Net Income (Common) |
59
N/A
|
(12)
N/A
|
(18)
-44%
|
(44)
-144%
|
(66)
-51%
|
(108)
-64%
|
(120)
-11%
|
(58)
+51%
|
(44)
+25%
|
4
N/A
|
73
+1 870%
|
55
-25%
|
86
+57%
|
57
-34%
|
17
-71%
|
(149)
N/A
|
(296)
-99%
|
(282)
+5%
|
(266)
+6%
|
(92)
+65%
|
|
| EPS (Diluted) |
0.48
N/A
|
-0.09
N/A
|
-0.14
-56%
|
-0.33
-136%
|
-0.51
-55%
|
-0.72
-41%
|
-0.79
-10%
|
-0.38
+52%
|
-0.29
+24%
|
0.03
N/A
|
0.48
+1 500%
|
0.36
-25%
|
0.56
+56%
|
0.37
-34%
|
0.11
-70%
|
-0.98
N/A
|
-1.95
-99%
|
-1.86
+5%
|
-1.75
+6%
|
-0.61
+65%
|
|