Array Technologies (ARRY) Operating Expenses (2019 - 2026)
Array Technologies' (ARRY) quarterly Operating Expenses came in at $55.9 million in Q1 2026, up 13.74% year-on-year from $49.1 million in Q1 2025, and down 66.62% quarter-over-quarter from $167.4 million in Q4 2025.
Array Technologies (ARRY) Operating Expenses (2019 - 2026) Analysis & Trends
Array Technologies' Operating Expenses history runs 8 years deep, the most recent figure standing at $55.9 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 13.74% year-over-year to $55.9 million in Q1 2026; TTM through Mar 2026 was $334.3 million, a 36.58% decrease from a year earlier, with the FY2025 full-year figure at $327.5 million, down 37.57% from the prior year.
- Operating Expenses retreated to $55.9 million in Q1 2026 per ARRY's latest filing, from $167.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $220.7 million in Q4 2024 and bottomed at $46.4 million in Q2 2024.
- The 5-year median for Operating Expenses is $54.0 million (2023), against an average of $79.3 million.
- Across the five-year window, Operating Expenses surged 347.26% in 2024 and sank 71.46% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $60.5 million in 2022, then dropped by 10.77% to $54.0 million in 2023, then jumped by 308.57% to $220.7 million in 2024, then retreated by 24.12% to $167.4 million in 2025, then slumped by 66.62% to $55.9 million in 2026.
- Per Business Quant, the three latest ARRY Operating Expenses figures stand at $55.9 million (Q1 2026), $167.4 million (Q4 2025), and $60.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 55.90 Mn |
| Dec 31, 2025 | 167.44 Mn |
| Sep 30, 2025 | 60.22 Mn |
| Jun 30, 2025 | 50.75 Mn |
| Mar 31, 2025 | 49.14 Mn |
| Dec 31, 2024 | 220.67 Mn |
| Sep 30, 2024 | 210.99 Mn |
| Jun 30, 2024 | 46.35 Mn |
| Mar 31, 2024 | 46.68 Mn |
| Dec 31, 2023 | 54.01 Mn |
| Sep 30, 2023 | 47.17 Mn |
| Jun 30, 2023 | 50.16 Mn |
| Mar 31, 2023 | 50.08 Mn |
| Dec 31, 2022 | 60.53 Mn |
| Sep 30, 2022 | 59.39 Mn |
| Jun 30, 2022 | 53.28 Mn |
| Mar 31, 2022 | 64.93 Mn |
| Dec 31, 2021 | 15.74 Mn |
| Sep 30, 2021 | 25.41 Mn |
| Jun 30, 2021 | 21.08 Mn |