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
DateValue
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