Array Technologies (ARRY) Cost of Revenue (2019 - 2026)

Array Technologies' (ARRY) 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 down 26.56% quarter-over-quarter from $218.4 million in Q4 2025.

Array Technologies (ARRY) Cost of Revenue (2019 - 2026) Analysis & Trends

Array Technologies' Cost of Revenue history runs 8 years deep, the most recent figure standing at $160.4 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue fell 27.84% year-over-year to $160.4 million in Q1 2026; TTM through Mar 2026 was $931.8 million, a 691.62% increase from a year earlier, with the FY2025 full-year figure at $985.6 million, up 98458.8% from the prior year.
  • Cost of Revenue eased to $160.4 million in Q1 2026 per ARRY's latest filing, from $218.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $438.4 million in Q3 2022 and bottomed at -$1.1 billion in Q4 2022.
  • The 5-year median for Cost of Revenue is $253.7 million (2023), against an average of $135.0 million.
  • Across the five-year window, Cost of Revenue sank 624.19% in 2022 and soared 151.98% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at -$1.1 billion in 2022, then jumped by 123.1% to $253.7 million in 2023, then slumped by 265.61% to -$420.2 million in 2024, then soared by 151.98% to $218.4 million in 2025, then fell by 26.56% to $160.4 million in 2026.
  • Per Business Quant, the three latest ARRY Cost of Revenue figures stand at $160.4 million (Q1 2026), $218.4 million (Q4 2025), and $287.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 558.11 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 583.14 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 182.51 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 1.63 Bn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 242.22 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 314.74 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 99.55 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 1.09 Bn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 160.41 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 95.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 160.41 Mn
Mar 31, 2026 160.41 Mn
Dec 31, 2025 218.43 Mn
Dec 31, 2025 218.43 Mn
Sep 30, 2025 287.82 Mn
Sep 30, 2025 287.82 Mn
Jun 30, 2025 265.12 Mn
Jun 30, 2025 265.12 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 149.45 Mn
Sep 30, 2024 149.45 Mn
Jun 30, 2024 166.17 Mn
Jun 30, 2024 166.17 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