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
DateValue
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