Array Technologies (ARRY) Free Cash Flow (2019 - 2026)
Array Technologies (ARRY) recorded quarterly Free Cash Flow of -$36.9 million in Q1 2026, down 163.53% quarter-over-quarter from $58.1 million in Q4 2025, and down 139.65% on a YoY basis from $93.2 million in Q1 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.
- In Q1 2026, Free Cash Flow fell 139.65% year-over-year to -$36.9 million; the TTM figure through Mar 2026 stood at $80.3 million (down 6.84% YoY), while the FY2025 annual figure was $101.8 million, down 30.61% from the prior year.
- Free Cash Flow was -$36.9 million for Q1 2026 at Array Technologies, down from $58.1 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $102.0 million in Q3 2022 to a low of -$52.5 million in Q1 2022.
- Historically, Free Cash Flow has averaged $32.8 million across 5 years, with a median of $41.9 million in 2023.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow soared 1937.79% in 2025, then slumped 139.65% in 2026.
- A 5-year view of Free Cash Flow shows it stood at $93.5 million in 2022, then decreased by 5.27% to $88.6 million in 2023, then slumped by 36.93% to $55.9 million in 2024, then gained by 4.03% to $58.1 million in 2025, then tumbled by 163.53% to -$36.9 million in 2026.
- The last three Free Cash Flow figures came in at -$36.9 million (Q1 2026), $58.1 million (Q4 2025), and $21.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -333.40 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 123.32 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 90.83 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -1.73 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 10.21 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -41.78 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -36.93 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.46 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.93 Mn |
| Mar 31, 2026 | -36.93 Mn |
| Dec 31, 2025 | 58.14 Mn |
| Dec 31, 2025 | 58.14 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 |