Array Technologies (ARRY) Operating Expenses (2019 - 2026)
Array Technologies (ARRY) recorded quarterly Operating Expenses of $55.9 million in Q1 2026, down 66.62% quarter-over-quarter from $167.4 million in Q4 2025, and up 13.74% on a YoY basis from $49.1 million in Q1 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.
- In Q1 2026, Operating Expenses rose 13.74% year-over-year to $55.9 million; the TTM figure through Mar 2026 stood at $334.3 million (down 36.58% YoY), while the FY2025 annual figure was $327.5 million, down 37.57% from the prior year.
- Operating Expenses was $55.9 million for Q1 2026 at Array Technologies, down from $167.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $220.7 million in Q4 2024 to a low of $46.4 million in Q2 2024.
- Historically, Operating Expenses has averaged $79.3 million across 5 years, with a median of $54.0 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 347.26% in 2024, then sank 71.46% in 2025.
- A 5-year view of Operating Expenses shows it 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 plunged by 66.62% to $55.9 million in 2026.
- The last three Operating Expenses figures came in at $55.9 million (Q1 2026), $167.4 million (Q4 2025), and $60.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 130.04 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 123.32 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 765.74 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 33.29 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 55.90 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 13.20 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 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 |