Company: ARRY
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001820721-25-000095
Chunk: 94

Company: Array Technologies, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 94
---
264)3,218 39 %(21,849)(25,818)3,969 15 %Foreign currency (loss) gain, net(6)(106)100 94 %2,026 (1,073)3,099 289 %Gain on extinguishment of debts, net— — — — %14,207 — 14,207 100 %Other income (expense), net68 (682)750 110 %12 (1,662)1,674 101 %Total other income (expense), net(2,007)(4,829)2,822 58 %4,492 (15,868)20,360 128 %Income (loss) before income tax expense43,444 (137,504)180,948 (132)%123,603 (100,527)224,130 (223)%Income tax expense9,941 3,850 6,091 158 %30,092 12,964 17,128 132 %Net income (loss)$33,503 $(141,354)$174,857 (124)%$93,511 $(113,491)$207,002 (182)%

50

The following table provides details on our operating results by reportable segment for the respective periods (in thousands, except percentages):

Three Months Ended September 30,Increase/(Decrease)Nine Months Ended September 30,Increase/(Decrease)20252024$%20252024$%RevenueArray Legacy Operations$353,374 $160,266 $193,108 120 %$858,474 $459,807 $398,667 87 %STI Operations40,117 71,140 (31,023)(44)%199,623 180,768 18,855 10 %Total$393,491 $231,406 $162,085 70 %$1,058,097 $640,575 $417,522 65 %Gross profitArray Legacy Operations$102,127 $65,726 $36,401 55 %$251,813 $192,118 $59,695 31 %STI Operations3,544 12,589 (9,045)(72)%27,410 27,240 170 1