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Array Technologies, Inc. balance sheet

At the end of fiscal 2025, Array Technologies, Inc. had total assets of $1.45bn, total liabilities of $1.19bn and shareholders' equity of −$206m. It held $244m in cash against $683m of debt: net debt of $438m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents41310108368134249363244307
Receivables—96119236421332276272323
Inventory—148118206233162201150156
Total current assets—620375852831832999869892
Goodwill—707070416436160135135
Total assets—9246561,1431,7061,7071,4261,4521,534
Accounts payable—1308392170119172144161
Deferred revenue (current)—32915010017966120128105
Total current liabilities—591289245465336438377406
Short-term debt—5644392131100
Long-term debt—0424711720661647659658
Total debt058460715789703693683670
Total liabilities—6187379751,2821,0961,1371,1911,238
Shareholders' equity—305−81−69124259−118−206−202
Non-controlling interests and other (assets − liabilities − equity)———237300351407467498
Net debt (negative = net cash)−41−252352348656454330438363

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Array Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Array Technologies, Inc.