Array Technologies (ARRY) Cost of Revenue (2019 - 2026)
Array Technologies' quarterly Cost of Revenue came in at $160.4 million in Q1 2026, down 27.84% year-on-year from $222.3 million in Q1 2025, and little changed quarter-over-quarter from $159.7 million in Q4 2025.
Array Technologies has reported Cost of Revenue for 8 years, with the latest figure at $160.4 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 27.84% year-over-year to $160.4 million; the trailing twelve-month figure through Mar 2026 stood at $869.4 million (up 595.6% YoY), and the FY2025 full-year result was $938.6 million, up 93755.2% from the prior year.
- Cost of Revenue for Q1 2026 stood at $160.4 million, roughly flat from $159.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $434.8 million in Q3 2022, with the low at -$1.1 billion in Q4 2022.
- Average Cost of Revenue over 5 years is $132.2 million, with a median of $253.7 million recorded in 2023.
- Year-over-year, Cost of Revenue plunged 618.98% in 2022 and surged 138.0% in 2025.
- Tracing ARRY's Cost of Revenue over 5 years: stood at -$1.1 billion in 2022, then soared by 123.33% to $253.7 million in 2023, then tumbled by 265.61% to -$420.2 million in 2024, then surged by 138.0% to $159.7 million in 2025, then grew by 0.46% to $160.4 million in 2026.
- The last three Cost of Revenue figures came in at $160.4 million (Q1 2026), $159.7 million (Q4 2025), and $287.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 558.11 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 583.14 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 1.09 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 48.09 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 242.22 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 178.53 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 99.55 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 160.41 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 1.63 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 14.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 160.41 Mn |
| Mar 31, 2026 | 160.41 Mn |
| Dec 31, 2025 | 159.68 Mn |
| Dec 31, 2025 | 159.68 Mn |
| Sep 30, 2025 | 287.82 Mn |
| Sep 30, 2025 | 287.82 Mn |
| Jun 30, 2025 | 261.48 Mn |
| Jun 30, 2025 | 261.48 Mn |
| Mar 31, 2025 | 222.30 Mn |
| Mar 31, 2025 | 222.30 Mn |
| Dec 31, 2024 | -420.22 Mn |
| Dec 31, 2024 | -420.22 Mn |
| Sep 30, 2024 | 153.09 Mn |
| Sep 30, 2024 | 153.09 Mn |
| Jun 30, 2024 | 169.81 Mn |
| Jun 30, 2024 | 169.81 Mn |
| Mar 31, 2024 | 98.31 Mn |
| Mar 31, 2024 | 98.31 Mn |
| Dec 31, 2023 | 253.75 Mn |
| Dec 31, 2023 | 253.75 Mn |
| Sep 30, 2023 | 263.06 Mn |
| Sep 30, 2023 | 263.06 Mn |
| Jun 30, 2023 | 357.68 Mn |
| Jun 30, 2023 | 357.68 Mn |
| Mar 31, 2023 | 279.23 Mn |
| Mar 31, 2023 | 279.23 Mn |
| Dec 31, 2022 | -1.09 Bn |
| Dec 31, 2022 | -1.09 Bn |
| Sep 30, 2022 | 434.80 Mn |
| Sep 30, 2022 | 434.80 Mn |
| Jun 30, 2022 | 379.92 Mn |
| Jun 30, 2022 | 379.92 Mn |
| Mar 31, 2022 | 274.00 Mn |
| Mar 31, 2022 | 274.00 Mn |
| Dec 31, 2021 | 209.59 Mn |
| Dec 31, 2021 | 209.59 Mn |
| Sep 30, 2021 | 182.79 Mn |
| Sep 30, 2021 | 182.79 Mn |
| Jun 30, 2021 | 176.01 Mn |
| Jun 30, 2021 | 176.01 Mn |
| Mar 31, 2021 | 202.07 Mn |
| Mar 31, 2021 | 202.07 Mn |
| Dec 31, 2020 | 145.11 Mn |
| Dec 31, 2020 | 145.11 Mn |
| Sep 30, 2020 | 112.73 Mn |
| Sep 30, 2020 | 112.73 Mn |
| Jun 30, 2020 | 92.71 Mn |
| Jun 30, 2020 | 92.71 Mn |
| Mar 31, 2020 | 319.30 Mn |
| Mar 31, 2020 | 319.30 Mn |
| Dec 31, 2019 | 164.11 Mn |
| Dec 31, 2019 | 164.11 Mn |
| Sep 30, 2019 | 150.85 Mn |
| Sep 30, 2019 | 150.85 Mn |