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
DateValue
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