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| Date | Value |
|---|---|
| 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 |