Company: ARRY
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001820721-25-000095
Chunk: 34

Company: Array Technologies, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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,096 12,685 Interest expense(5,046)(8,264)(21,849)(25,818)Foreign currency (loss) gain, net(6)(106)2,026 (1,073)Gain on extinguishment of debts, net— — 14,207 — Other income (expense), net68 (682)12 (1,662)Total other income (expense), net(2,007)(4,829)4,492 (15,868)Income (loss) before income tax expense43,444 (137,504)123,603 (100,527)Income tax expense9,941 3,850 30,092 12,964 Net income (loss)33,503 (141,354)93,511 (113,491)Preferred dividends and accretion15,144 14,080 44,375 41,332 Net income (loss) to common shareholders$18,359 $(155,434)$49,136 $(154,823)Income (loss) per common shareBasic$0.12 $(1.02)$0.32 $(1.02)Diluted$0.12 $(1.02)$0.32 $(1.02)Weighted average number of common shares outstandingBasic152,727 151,923 152,465 151,691 Diluted 154,090 151,923 153,350 151,691 

See accompanying Notes to Condensed Consolidated Financial Statements.

3

Array Technologies, Inc.Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) (in thousands)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net income (loss)$33,503 $(141,354)$93,511 $(113,491)Foreign currency translation(1)888 17,910 37,604 (45,100)Comprehensive income (loss)$34,391 $(123,444)$131,115 $(158,591)(1) There are no tax effects on foreign currency adjustments.

See accompanying Notes to Condensed Consolidated Financial Statements.

4

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

Three Months Ended September 30,