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
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