Company: ARRY
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001820721-25-000095
Chunk: 35

Company: Array Technologies, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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2025

Temporary EquityPermanent EquitySeries A Redeemable Perpetual Preferred StockPreferred StockCommon StockSharesAmountSharesAmountSharesAmountAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders’ EquityBalance at June 30, 2025476 $436,162 — $— 152,661 $151 $248,285 $(310,616)$(8,687)$(70,867)Shares issued in connection with:Vesting of restricted stock units— — — — 27 1 — — — 1 Employee purchase plan— — — — 60 — 346 — — 346 Equity-based compensation— — — — — — 4,602 — — 4,602 Tax withholding related to vesting of equity-based compensation— — — — — — (46)— — (46)Preferred cumulative dividends plus accretion7 15,144 — — — — (15,144)— — (15,144)Net income— — — — — — — 33,503 — 33,503 Foreign currency translation— — — — — — — — 888 888 Balance at September 30, 2025483 $451,306 — $— 152,748 $152 $238,043 $(277,113)$(7,799)$(46,717)

5

Array Technologies, Inc. Condensed Consolidated Statements of Changes in Redeemable Perpetual Preferred Stock and Stockholders’ Equity(unaudited) (in thousands)

Three Months Ended September 30, 2024

Temporary EquityPermanent EquitySeries A Redeemable Perpetual Preferred StockPreferred StockCommon StockSharesAmountSharesAmountSharesAmountAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders’ EquityBalance at June 30, 2024446 $378,512 — $— 151,875 $151 $320,379 $(102,367)$(18,200)$199,963 Shares issued in connection with:Vesting of restricted stock units— — — — 24 — — — — — Employee purchase