Company: ARRY
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001820721-25-000085
Chunk: 190

Company: Array Technologies, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 190
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%Change in fair value of contingent consideration150 503 (353)(70)%— (232)232 100 %Depreciation and amortization5,644 8,877 (3,233)(36)%10,993 18,504 (7,511)(41)%Total operating expenses50,748 46,351 4,397 9 %99,892 93,027 6,865 7 %Income from operations46,376 39,602 6,774 17 %73,660 48,016 25,644 53 %Interest income3,800 4,782 (982)(21)%7,1198,462 (1,343)(16)%Interest expense(8,768)(8,614)(154)(2)%(16,803)(17,554)751 4 %Foreign currency gain (loss), net1,343 (468)1,811 387 %2,032 (967)2,999 310 %Gain on extinguishment of debts, net14,207 — 14,207 100 %14,207 — 14,207 100 %Other expense, net(79)(1,794)1,715 96 %(56)(980)924 94 %Total other income (expense), net10,503 (6,094)16,597 272 %6,499 (11,039)17,538 159 %Income before income tax expense56,879 33,508 23,371 70 %80,159 36,977 43,182 117 %Income tax expense13,617 7,810 5,807 74 %20,151 9,114 11,037 121 %Net income$43,262 $25,698 $17,564 68 %$60,008 $27,863 $32,145 115 %

42

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

Three Months Ended June 30,Increase/(Decrease)Six Months Ended June 30,Increase/(Decrease)20252024$%20252024$%RevenueArray Legacy Operations$291,886 $185,160 $106,726 58 %$505