Growth Metrics

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

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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
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