ARRY 8-K SEC Filing Analysis

Final — all horizons settled through T+60d

ARRY ▼ -24.91% at T+60d

LONG call ✗ call lost -24.91% · α vs SPY -31.86% · entry $11.00 → $8.26

Last close $7.77 (close Jun 12) · -29.36% from $11.00 entry

Entry anchored
Feb 24, 03:59 PM ET
via Databento tick

T+1d

-33.82%

call -33.82% · α -33.27%

$7.28

settled 4mo ago

T+5d

-33.55%

call -33.55% · α -32.45%

$7.31

settled 3mo ago

T+20d

-29.73%

call -29.73% · α -24.49%

$7.73

settled 3mo ago

T+60d

-24.91%

call -24.91% · α -31.86%

$8.26

settled 26d ago

Price Chart

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Executive Summary

Array Technologies reported strong 2025 results with 40% year-over-year revenue growth to $1.28 billion and a record $2.2 billion orderbook. Despite GAAP net losses due to one-time charges, non-GAAP profitability improved with $187.6 million Adjusted EBITDA. The company provided bullish 2026 guidance with revenue projected at $1.4-$1.5 billion and Adjusted EBITDA of $200-$230 million, signaling confidence in sustained growth.

Key Financial Metrics

Revenue

$1.3B

+40.2% YoY

Adj. EPS

$0.67

GAAP: $-0.73

Guidance

$1.4B-$1.5B

raised

Free Cash Flow

$79.8M

Gross Margin

23.2%

Actionable Insight

The strong revenue growth, record orderbook, and bullish 2026 guidance suggest continued momentum. Traders should monitor the execution of international expansion and the integration of APA Solar, which could drive further upside. The significant gap between GAAP and non-GAAP results warrants attention to future one-time charges.

Key Facts

2025 revenue of $1.284 billion, up 40% YoY from $915.8 million
Record $2.2 billion orderbook at year-end 2025
2025 Adjusted EBITDA of $187.6 million, up 8% YoY
2025 Adjusted net income per share of $0.67
2026 revenue guidance of $1.4-$1.5 billion (9-17% growth)
2026 Adjusted EBITDA guidance of $200-$230 million (6-23% growth)
Q4 2025 revenue of $226 million
2025 gross margin of 23.2%, Adjusted gross margin of 27.0%

Financial Impact

40% year-over-year revenue growth to $1.28 billion with $2.2 billion orderbook and $187.6 million Adjusted EBITDA

revenueadjusted ebitdaorderbookgross margin

Risk Factors

GAAP net losses in 2025 due to $102.6 million goodwill impairment and $29.5 million inventory charge
Potential execution risks in international expansion and APA Solar integration
Dependence on non-GAAP metrics that exclude significant one-time charges

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001820721-26-000005
Exhibit: exhibit9922025q4earnings.htm	0001820721-26-000005
Document: arry-20260225.htm	0001820721-26-000005
Document: 0001820721-26-000005-index-headers.html	0001820721-26-000005
Document: 0001820721-26-000005-index.html	0001820721-26-000005
Document: 0001820721-26-000005.txt	0001820721-26-000005

6 reports for ARRY

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for ARRY — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster MIXED ★ 4/10	$7.45 awaiting T+5	awaiting T+5	—	$7.77 (+4.30%)
May 11, 2026 4w ago	DEFA14A NEUTRAL ★ 3/10	$8.73 $8.45	▼ −3.21%	▼ −3.12%	$7.77 (−11.00%)
May 6, 2026 5w ago	8-K MIXED ★ 5/10	$8.20 $8.79	▲ +7.20%	▲ +5.69%	$7.77 (−5.24%)
Apr 15, 2026 8w ago	Press Release NEUTRAL ★ 3/10	$7.62 $8.11	▲ +6.43%	▲ +5.45%	$7.77 (+1.97%)
Feb 28, 2026 15w ago	Institutional Cluster BULLISH ★ 6/10	$7.57 $6.73	▼ −11.10%	▼ −9.89%	$7.77 (+2.64%)
Feb 25, 2026 15w ago	8-K BULLISH ★ 8/10	$11.00 $7.31	▼ −33.55%	▼ −32.45%	$7.77 (−29.36%)

US Market Status

Market Closed — Opens in 4h 12m

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