Array Technologies (ARRY) Cost of Revenue (2019 - 2026)
Array Technologies' Cost of Revenue came in at $242.46 million for Q2 2026, down 8.5% from $265.12 million a year earlier but up 51.2% from the prior quarter.
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Analysis
Array Technologies (ARRY) Cost of Revenue (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Array Technologies reported Cost of Revenue of $897.4 million, up 6.7% year-over-year; for FY2025, it was $985.59 million, up 59.4% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $618.13 million in FY2024 (-46.8%), $1.16 billion in FY2023 (-18.5%), $1.42 billion in FY2022 (+81.5%) and $785.02 million in FY2021 (+17.2%).
- The five-year range for quarterly Cost of Revenue is $98.31 million (Q1 2024) to $438.44 million (Q3 2022).
- Year-over-year, Cost of Revenue increased in four of the last eight quarters, with growth averaging 22.0%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2022 (growth of 139.9%), and the weakest in Q1 2024 (a decline of 64.8%).
- Business Quant data shows ARRY's Cost of Revenue at $160.41 million (Q1 2026), $206.71 million (Q4 2025) and $287.82 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 8.74 Bn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 709.79 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 451.19 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 651.70 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 599.32 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 699.32 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 622.28 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 116.84 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 133.70 Mn |
| 10 | Array Technologies | 628.35 Mn | -345.56 Mn | 99.60 Mn | 242.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 242.46 Mn |
| Mar 31, 2026 | 160.41 Mn |
| Dec 31, 2025 | 206.71 Mn |
| Sep 30, 2025 | 287.82 Mn |
| Jun 30, 2025 | 265.12 Mn |
| Mar 31, 2025 | 225.94 Mn |
| Dec 31, 2024 | 196.91 Mn |
| Sep 30, 2024 | 153.09 Mn |
| Jun 30, 2024 | 169.81 Mn |
| Mar 31, 2024 | 98.31 Mn |
| Dec 31, 2023 | 257.39 Mn |
| Sep 30, 2023 | 263.06 Mn |
| Jun 30, 2023 | 361.32 Mn |
| Mar 31, 2023 | 279.23 Mn |
| Dec 31, 2022 | 325.19 Mn |
| Sep 30, 2022 | 438.44 Mn |
| Jun 30, 2022 | 379.92 Mn |
| Mar 31, 2022 | 274.00 Mn |
| Dec 31, 2021 | 224.15 Mn |
| Sep 30, 2021 | 182.79 Mn |
API Access
Array Technologies Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ARRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ARRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ARRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();