Company: ARRY
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001820721-25-000085
Chunk: 73

Company: Array Technologies, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 making decisions about the allocation of operating and capital resources to each segment. The following tables summarize the financial results by segment during the periods presented (in thousands): Three months ended June 30, 2025Array Legacy OperationsSTI OperationsConsolidatedSegment revenue$291,886 $70,357 $362,243 Less:Product cost (1)193,620 53,215 246,835 Amortization of developed technology3,640 — 3,640 Depreciation578 34 612 Other costs (2)10,043 3,989 14,032 Gross profit84,005 13,119 97,124 Total operating expenses— — (50,748)Total other income, net— — 10,503 Income before income taxes$56,879 Segment assets1,090,094 452,064 1,542,158 Capital expenditures6,497 134 6,631 Depreciation and amortization7,024 2,872 9,896 Interest income3,600 200 3,800 Interest expense8,021 747 8,768 Three months ended June 30, 2024Array Legacy OperationsSTI OperationsConsolidatedSegment revenue$185,160 $70,606 $255,766 Less:Product cost (1)97,575 60,634 158,209 Amortization of developed technology3,640 — 3,640 Depreciation368 27 395 Other costs (2)6,271 1,298 7,569 Gross profit77,306 8,647 85,953 Total operating expenses— — (46,351)Total other expense, net— — (6,094)Income before income taxes$33,508 Segment assets879,073 772,449 1,651,522 Capital expenditures1,091 1,040 2,131 Depreciation and amortization6,413 6,558 12,971 Interest income3,587 1,195 4,782 Interest expense8,205 409 8,614 Six months ended June 30, 2025Array Legacy OperationsSTI OperationsConsolidatedSegment revenue$505,100 $159,506 $664,606 Less:Product cost (1