Array Technologies (ARRY) Free Cash Flow (2019 - 2026)
Array Technologies' (ARRY) quarterly Free Cash Flow came in at -$36.9 million in Q1 2026, down 139.65% year-on-year from $93.2 million in Q1 2025, and down 202.12% quarter-over-quarter from $36.2 million in Q4 2025.
Array Technologies (ARRY) Free Cash Flow (2019 - 2026) Analysis & Trends
Array Technologies' Free Cash Flow history runs 8 years deep, the most recent figure standing at -$36.9 million for Q1 2026.
- On a quarterly basis, Free Cash Flow fell 139.65% year-over-year to -$36.9 million in Q1 2026; TTM through Mar 2026 was $58.3 million, a 32.34% decrease from a year earlier, with the FY2025 full-year figure at $79.8 million, down 45.59% from the prior year.
- Free Cash Flow declined to -$36.9 million in Q1 2026 per ARRY's latest filing, from $36.2 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $102.0 million in Q3 2022 and bottomed at -$52.5 million in Q1 2022.
- The 5-year median for Free Cash Flow is $37.2 million (2025), against an average of $31.5 million.
- Across the five-year window, Free Cash Flow surged 1937.79% in 2025 and slumped 139.65% in 2026, its largest moves.
- Year by year, Free Cash Flow stood at $93.5 million in 2022, then decreased by 5.27% to $88.6 million in 2023, then plunged by 36.93% to $55.9 million in 2024, then tumbled by 35.29% to $36.2 million in 2025, then plunged by 202.12% to -$36.9 million in 2026.
- Per Business Quant, the three latest ARRY Free Cash Flow figures stand at -$36.9 million (Q1 2026), $36.2 million (Q4 2025), and $21.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | -333.40 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 123.32 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 90.83 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -1.73 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 10.21 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -49.10 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 201.34 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -36.93 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 38.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.93 Mn |
| Mar 31, 2026 | -36.93 Mn |
| Dec 31, 2025 | 36.16 Mn |
| Dec 31, 2025 | 36.16 Mn |
| Sep 30, 2025 | 21.85 Mn |
| Sep 30, 2025 | 21.85 Mn |
| Jun 30, 2025 | 37.21 Mn |
| Jun 30, 2025 | 37.21 Mn |
| Mar 31, 2025 | -15.41 Mn |
| Mar 31, 2025 | -15.41 Mn |
| Dec 31, 2024 | 55.89 Mn |
| Dec 31, 2024 | 55.89 Mn |
| Sep 30, 2024 | 43.86 Mn |
| Sep 30, 2024 | 43.86 Mn |
| Jun 30, 2024 | 1.83 Mn |
| Jun 30, 2024 | 1.83 Mn |
| Mar 31, 2024 | 45.11 Mn |
| Mar 31, 2024 | 45.11 Mn |
| Dec 31, 2023 | 88.61 Mn |
| Dec 31, 2023 | 88.61 Mn |