Array Technologies delivered a robust second quarter in 2025, with significant sequential revenue growth and improved margins. The company's strategic initiatives, including the acquisition of APA Solar and the launch of Hail XP™, along with a strengthened capital structure, position it for continued long-term growth in the utility-scale solar market.

Array Technologies, Inc. announced strong first-quarter 2025 financial results, with revenue of $302.4 million and adjusted EBITDA of $40.6 million. The company achieved high double-digit revenue growth compared to Q1 2024 and saw significant market share recovery, driven by strong execution capabilities and increased interest in domestic content trackers.

Array Technologies reported strong fourth quarter and full year 2024 results, exceeding the mid-point of their fourth quarter revenue guidance and achieving a record gross margin for the full year, driven by robust profitability and healthy cash flow.

ARRAY Technologies reported Q3 2024 financial results, achieving revenue of $231.4 million and an adjusted gross margin of 35.4%. The company's order book remains healthy at $2 billion, with over 20% representing orders of OmniTrackTM. While persistent headwinds are expected to impact the U.S. market, the company anticipates strong double-digit top-line growth in 2025.

Array Technologies reported a strong start to 2024 with $153.4 million in revenue and a record gross margin of 35.9%. The company booked approximately $400 million of new business in Q1, bringing the total order book to $2.1 billion. Free cash flow was robust at $45.1 million, reflecting strong collections and increasing customer deposits.

Array Technologies reported Q4 2023 revenue of $341.6 million and net income of $6.0 million. The company's adjusted EBITDA for the quarter was $48.2 million, with an adjusted diluted net income per share of $0.21. The global orderbook has increased to $1.8 billion fueled by $600 million in Q4 2023 bookings.

Array Technologies reported Q3 2023 financial results, with revenue of $350.4 million and adjusted EBITDA of $57.4 million. The company generated $69.4 million in free cash flow during the quarter and made a $50 million prepayment on its term loan. Despite near-term secular challenges, the company sees positive momentum heading into 2024 with a doubling of the domestic pipeline.

Array Technologies reported a strong second quarter in 2023, exceeding expectations with revenue of $507.7 million, a gross margin of 29.6%, and adjusted EBITDA of $115.6 million. The company generated $57 million of free cash flow in the first half of 2023 and ended the quarter with a cash balance of $156 million.

Array Technologies reported a strong first quarter in 2023, with a 25% increase in revenue to $376.8 million and a gross margin of 26.9%. The company's net income to common shareholders was $13.6 million, and adjusted EBITDA was $67.0 million. The company's executed contracts and awarded orders totaled $1.6 billion as of March 31, 2023.

Array Technologies reported an 83% increase in revenue to $402.1 million for Q4 2022, driven by higher average selling prices and the acquisition of STI. Gross profit increased significantly, leading to a gross margin of 20.0%. The company's adjusted EBITDA was $51.7 million, and adjusted diluted net income per share was $0.10.

Array Technologies reported record revenue of $515 million, a 173% increase year-over-year. The company's gross margin improved to 15.6%, and they generated $102 million in free cash flow, which was used to fully pay down the revolving credit facility.

Array Technologies reported Q2 2022 financial results, featuring a revenue increase of 116% to $424.9 million and a gross margin of 11.1%. The company's adjusted EBITDA rose to $25.9 million, with an adjusted EPS of $0.09. Despite a net loss to common shareholders, free cash flow showed an improvement compared to the prior year.

Array Technologies reported a 21% increase in revenue to $300.6 million, driven by the acquisition of STI Norland, but experienced a net loss of $33.7 million. The company's executed contracts and awarded orders totaled $2.0 billion as of March 31, 2022.

Array Technologies reported Q4 2021 revenue of $219.9 million and a net loss of $32.1 million. The company's adjusted EBITDA was $0.5 million, and adjusted loss per share was $(0.06). Executed contracts and awarded orders totaled $1.8 billion as of December 31, 2021.

Array Technologies reported a 38% increase in revenue to $192.1 million. However, the company experienced a net loss of $31.0 million, and an adjusted EBITDA loss of $0.5 million. Despite these losses, the company's executed contracts and awarded orders reached a new record of $1 billion.

Array Technologies reported a 76% increase in revenue to $202.8 million compared to the prior-year period. Net loss was $17 thousand, and adjusted EBITDA grew 23% to $16.2 million compared to the same period last year. The company reintroduces full-year guidance after negotiating with customers and suppliers to reduce exposure to future increases in commodity prices and shipping costs.

Array Technologies reported a decrease in revenue to $245.9 million and a net income of $2.9 million for Q1 2021. The results were impacted by lower shipment volumes and increased steel and shipping costs.

Array Technologies reported revenue of $139.5 million and a net loss per share of ($0.06) for the third quarter of 2020. The company's adjusted EBITDA was $16.6 million and adjusted net income per share was $0.07. They had $703 million of executed contracts and awarded orders at the end of the quarter, representing a 31% increase versus the same time last year.