Array Technologies (ARRY) Cost of Revenue (2019 - 2026)
Array Technologies (ARRY) recorded quarterly Cost of Revenue of $160.4 million in Q1 2026, little changed quarter-over-quarter from $159.7 million in Q4 2025, and down 27.84% on a YoY basis from $222.3 million in Q1 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.
- In Q1 2026, Cost of Revenue fell 27.84% year-over-year to $160.4 million; the TTM figure through Mar 2026 stood at $869.4 million (up 595.6% YoY), while the FY2025 annual figure was $938.6 million, up 93755.2% from the prior year.
- Cost of Revenue was $160.4 million for Q1 2026 at Array Technologies, roughly flat from $159.7 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $434.8 million in Q3 2022 to a low of -$1.1 billion in Q4 2022.
- Historically, Cost of Revenue has averaged $132.2 million across 5 years, with a median of $253.7 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue plunged 618.98% in 2022, then soared 138.0% in 2025.
- A 5-year view of Cost of Revenue shows it stood at -$1.1 billion in 2022, then surged by 123.33% to $253.7 million in 2023, then plunged by 265.61% to -$420.2 million in 2024, then jumped by 138.0% to $159.7 million in 2025, then climbed 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 558.11 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 583.14 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 48.09 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 242.22 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 178.53 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 99.55 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 160.41 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 1.63 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 14.40 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 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 |