Company: ARRY
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001820721-25-000095
Chunk: 162

Company: Array Technologies, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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,406 $162,085 70 %$1,058,097 $640,575 $417,522 65 %Cost of revenueCost of product and service revenue283,386 149,452 133,934 90 %767,161 410,299 356,862 87 %Amortization of developed technology and backlog4,434 3,639 795 22 %11,713 10,918 795 7 %

49

Total cost of revenue287,820153,091134,729 88 %778,874421,217357,657 85 %Gross profit105,671 78,315 27,356 35 %279,223 219,358 59,865 27 %Operating expensesGeneral and administrative52,248 40,149 12,099 30 %141,147 114,904 26,243 23 %Change in fair value of contingent consideration1,014 (39)1,053 (2700)%1,014 (271)1,285 474 %Depreciation and amortization6,958 8,880 (1,922)(22)%17,951 27,384 (9,433)(34)%Goodwill impairment— 162,000 (162,000)(100)%— 162,000 (162,000)(100)%Total operating expenses60,220 210,990 (150,770)(71)%160,112 304,017 (143,905)(47)%Income (loss) from operations45,451 (132,675)178,126 (134)%119,111 (84,659)203,770 (241)%Interest income2,977 4,223 (1,246)(30)%10,09612,685 (2,589)(20)%Interest expense(5,046)(8,264)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