Company: ARRY
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001820721-25-000085
Chunk: 74

Company: Array Technologies, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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)326,960 129,973 456,933 Amortization of developed technology7,279 — 7,279 Depreciation1,128 67 1,195 Other costs (2)20,047 5,600 25,647 Gross profit149,686 23,866 173,552 Total operating expenses— — (99,892)Total other income, net— — 6,499 Income before income taxes$80,159 Segment assets1,090,094 452,064 1,542,158 Capital expenditures8,711 272 8,983 Depreciation and amortization13,925 5,542 19,467 Interest income6,647 472 7,119 Interest expense15,543 1,260 16,803 Six months ended June 30, 2024Array Legacy OperationsSTI OperationsConsolidatedSegment revenue$299,541 $109,628 $409,169 Less:Product cost (1)154,154 90,786 244,940 Amortization of developed technology7,279 — 7,279 Depreciation878 51 929 Other costs (2)10,838 4,140 14,978 Gross profit126,392 14,651 141,043 Total operating expenses— — (93,027)Total other expense, net— — (11,039)Income before income taxes$36,977 Segment assets879,073 772,449 1,651,522 Capital expenditures3,297 1,230 4,527 Depreciation and amortization13,525 13,210 26,735 Interest income5,401 3,061 8,462 Interest expense16,400 1,154 17,554 (1) Includes 45X benefits realized.

(2) Other is primarily comprised of outbound freight and certain overhead costs. Outbound freight for the three months ended June 30, 2025 and 2024 for Array Legacy Operations was $9.9 million and $6.2 million, respectively. Outbound freight for the six months ended June 30, 2025 and 2024 for Array Legacy Operations was $19.8 million and $10.6 million, respectively. 

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Item 2