To the full analysis
Array Technologies stock: growth
ARRYArray Technologies reported $1.28B in revenue for fiscal 2025, up 40.2% on the prior year, up 8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
23.6%
per year from 2018 to 2025, per share 20.4%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 8.0% | 23.6% |
| Revenue per share | 4.1% | 20.4% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $290.78M | −$60.76M | −$18.16M |
| 2019 | $647.9M | $39.75M | $384.38M |
| 2020 | $872.66M | $59.07M | −$123.54M |
| 2021 | $853.32M | −$50.4M | −$266.54M |
| 2022 | $1.64B | $4.43M | $130.87M |
| 2023 | $1.58B | $137.24M | $214.97M |
| 2024 | $915.81M | −$240.39M | $146.68M |
| 2025 | $1.28B | −$52.24M | $79.81M |
Revenue by region
Where Array Technologies, Inc. generates its revenue.
- United States81%
- Spain11%
- Brazil5%
- Australia2%
- Other1%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|
| United States | $1.29B | $1.17B | $643.48M | $1.04B | 81.1% |
| Spain | $129.29M | $99.16M | $83.74M | $141.05M | 11% |
| Brazil | $144.46M | $257.87M | $135.1M | $60.72M | 4.7% |
| Australia | $9.43M | $20.84M | $8.71M | $23.78M | 1.9% |
| Other | $68.3M | $32.52M | $44.77M | $17.23M | 1.3% |
| Total revenue | $1.64B | $1.58B | $915.81M | $1.28B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Aug 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.