Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $291M | $648M | $873M | $853M | $1.64B | $1.58B | $916M | $1.28B |
| Revenue growth | — | 122.8% | 34.7% | -2.2% | 91.9% | -3.7% | -41.9% | 40.2% |
| Gross profit | $11.6M | $151M | $203M | $68.3M | $213M | $416M | $298M | $299M |
| Gross margin | 4.0% | 23.3% | 23.2% | 8.0% | 13.0% | 26.4% | 32.5% | 23.2% |
| Operating income | -$61.2M | $83.4M | $95.2M | -$24.7M | -$18.1M | $214M | -$227M | -$29.0M |
| Operating margin | -21.0% | 12.9% | 10.9% | -2.9% | -1.1% | 13.6% | -24.8% | -2.3% |
| Net income | -$60.8M | $39.7M | $59.1M | -$50.4M | $4.43M | $137M | -$240M | -$52.2M |
| Net margin | -20.9% | 6.1% | 6.8% | -5.9% | 0.3% | 8.7% | -26.2% | -4.1% |
| EPS (diluted) | -$0.51 | $0.33 | $0.49 | -$0.51 | -$0.29 | $0.56 | -$1.95 | -$0.73 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$11.7M | $386M | -$122M | -$263M | $141M | $232M | $154M | $102M |
| Capital expenditures | $2.07M | $1.70M | $1.34M | $3.36M | $10.6M | $17.0M | $7.30M | $22.0M |
| Free cash flow | -$13.8M | $384M | -$124M | -$267M | $131M | $215M | $147M | $79.8M |
| Dividends paid | — | — | — | $8.10M | — | — | — | — |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $40.8M | $310M | $108M | $368M | $134M | $249M | $363M | $244M |
| Total assets | — | $924M | $656M | $1.14B | $1.71B | $1.71B | $1.43B | $1.45B |
| Total liabilities | — | $618M | $737M | $975M | $1.28B | $1.10B | $1.14B | $1.19B |
| Long-term debt | — | $0.00 | $424M | $711M | $720M | $661M | $647M | $659M |
| Shareholders' equity | — | $305M | -$80.9M | -$69.2M | $124M | $259M | -$118M | -$206M |
| Retained earnings | — | — | -$221M | -$272M | -$267M | -$130M | -$371M | -$423M |
| Shares (wtd avg diluted) | 120M | 120M | 120M | 130M | 150M | 152M | 152M | 153M |
Every figure is extracted from Array Technologies, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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